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3 years ago

Known liabilities of estimated amounts are

1 answer:

8 0

<span>Known liabilities of estimated amounts are: Reported on balance sheet

In accounting, balance sheet represents an overview of total assets, liability, and owner's equity within a financial period.
A number of Assets that written on the balance sheet should be equivalent to the amount of Liabilities + Owner's equity</span>

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Mark Weinstein has been working on an advanced technology in laser eye surgery. His technology will be available in the near ter

Licemer1 [7]

Answer:

PV=148135,68

Explanation:

PV Present Value

CF Cash Flow

r the periodic rate of return

n Number of periods

PV= CF/(1+r)n

PV= 176000/(1+9%)2

PV=148135,68

7 0

3 years ago

Kelsey owns a cottage in which her aunt Matilda lives. Kelsey wants to insure that Matilda can live in the cottage for the remai

Inessa [10]

Answer:

Kelsey owns a cottage in which her aunt Matilda lives.

Kelsey wants to insure that Matilda can live in the cottage for the remainder of her life, but when Matilda dies, title to the property will return to Kelsey.

Kelsey can accomplish this objective by granting Matilda a Drag and Drop the appropriate terms into the spaces provided

A life tenant has the OBLIGATION to keep the property in good repair and to pay property taxes.

The two types of CURRENT ownership are tenancy in common and joint tenancy.

Concurrent ownership MENTIONATED can also be held in a tenancy by the entirety or as community property.

In most states, it is PRESUMED that a co-tenancy is a tenancy in common.

With a joint tenancy a deceased joint tenant's interest IS TRANSFERED to the surviving joint tenant or tenants.

The right of survivorship DISTINGUISHED a joint tenancy from a tenancy in common.

When a joint tenant transfers her or his rights to another without the consent of the other joint tenants, doing so TERMINATED the joint tenancy.

Explanation:

Kelsey and her aunt Matilda, they made an agreement so that Matilda can usufruct the house while she lives, and when she dies she becomes Kelsey.

3 0

3 years ago

Determine whether each of the following goods is a private good, a public good, a common resource, or a club good. Private Good

LuckyWell [14K]

Answer:

The correct answers are:

A) Common resource

B) Private good

C) Public good

Explanation:

A) Common resources are natural sources, goods or services that provide tangible benefits. In the example, even if the treadmill is inside a fitness room that is open to the public, it is not a public good itself because the treadmill can be used only once at the time.

B) Private goods are those that someone can claim for ownership. In the case, the new drone is only being lent by one person so the others take turns to use it but, it belongs to that very same person.

C) Public goods can be consumed by an individual without the need of taking away others the possibility of using them at the same time. The clock in the park can be freely used by anybody -at any moment- who is around that place.

7 0

4 years ago

Activities included (and not included) in the calculation of GDP

kicyunya [14]

Answer:

Included in 2020 GDP

1. Chocolate Express, a Swiss chocolate company, produces a chocolate bar at a plant in Illinois on December 14, 2020. An elementary school student buys the chocolate bar on December 24.

4. Zippycar, a U.S. automobile company, produces a convertible at a manufacturing plant in Minneapolis on January 6, 2020. It sells the car at a dealership in San Francisco on February 2, 2020.

5. Roadway Motors, a U.S. automobile company, produces a convertible at a plant in Germany on March 11, 2020. Roadway Motors imports the convertible into the United States on May 29, 2020.

NOT INCLUDED IN 2020 GDP

2. The Jones family buys an antique silver platter at an auction in upstate New York on March 11, 2020.

3. Graincorp, a U.S. agricultural company, produces corn syrup at a plant in Iowa on September 25, 2020. It sells the corn syrup to Crunchy's for use in the production of cereal that will be made in the United States in 2020

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

When exports exceeds import there is a trade deficit and when import exceeds import, there is a trade surplus.

Items not included in the calculation off GDP includes:

1. services not rendered to oneself

2. Activities not reported to the government

3. illegal activities

4. sale or purchase of used products

5. sale or purchase of intermediate products

The purchase of chocolate would be added to GDP as part of consumption spending on non durable items.

the purchase of the antique silver platter would not be added as part of GDP because it wasn't produced in 2020 and only goods produced in 2020 would be added to 2020 GDP.

The corn syrup is an intermediate good and it would not be added in the calculation of GDP. only final goods are added in the calculation of GDP.

The automobile would be added to GDP as part of investment spending by businesses.

the import of cars would be added as part of net export in 2020 GDP

5 0

3 years ago

Suppose a basketball player has made 392 out of 441 free throws. If the player makes the next 3 free throws, I will pay you $6.

valentinak56 [21]

Answer:

-$0.237

Explanation:

The player making a single shoot is 392/441 = 0.889

That makes a percentage of 88.9%.

The probability of making the next 3 shots as 0.889 × 0.889 × 0.889 = 0.703.

The probability of him not making all of the next 3 shot is 1 - 0.703

So now to find the expected value,

P(makes all the three shots) * (Value when you win) + P(misses the three shots) * (value when you lose)

0.703 * $6 + (1 - 0.703)*(-$15)

$4.218 - $4.455

= -$0.237

7 0

4 years ago