Answer:
b. False
Explanation:
Selling price of Painting = $30,000
Purchase price of Painting = $10,000
Contribution of Painting = Value of Painting - Purchase price of painting
Contribution of Painting = $30,000 - $10,000 = $20,000
Oriole's charitable contribution deduction is $20,000
So, the statement is false as the contribution is $20,000 rather $30,000.
Answer: The new divisor for the price-weighted index is 0.77982
Explanation:
Divisor = [(94 + 312/2 + 90) / [(94 + 312 + 90) / 3]
= 0.77982
Answer:
A.- 3.45 min to produce two work units
B.- In a 8-hout shift at standard performance 274 work units are produced
Explanation:
The Standart tiem per piece would be:
Given your numbers it will be:
This is the time per cycle to produce 2 work units
Now, in an 8 hours shift there are 480 minutes. Dividing between the standard time of a cycle we get the standard performance
Rounding, we will be getting 137 cycles
Lastly, because each cycle produce 2 work units we are having a total of 274 Units
There's an obvious answer... high risk; ergo high return.
Answer: $126,773.19
Explanation:
First the $260,000 must be subtracted from the present value.
= 1,668,591 - 260,000
= $1,408,591
This was done because the $260,000 was paid in the beginning of the year and has thus reduced the liability.
The amortization expense will therefore be,
= 1,408,591 * 0.09
= $126,773.19
In its 2021 income statement, Harrington should report $126,773.19 as amortization expenses.