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3 years ago

Total cost of each activity divided by the total activity is the computation of

1 answer:

7 0

Calculate Activity Rates <span>: Done by dividing the total cost for each activity by its total activity.

Hope this helps!
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On September 30, 2018, Corso Steel acquired a patent from Thermo Steel. The agreement specified that Corso will pay Thermo $1,00

Delicious77 [7]

Answer:

$17,146

Explanation:

Given:

Acquisition cost of patent = $2,000,000. $1,000,000 is paid immediately. Remaining $1,000,000 is paid after 2 years on September 30, 2020.

We have to calculate present value of $1,000,000 @8%, 2 years. Present value factor is 0.8573.

Present value of $1,000,000 = 1,000,000×0.8573 = $857,300.

Calculation of interest expense:

Principal amount = $857,300

Rate = 0.08

Time period = $\frac{3}{12}$ = $\frac{1}{4}$ \

Interest expense = $857,300\times 0.08\times \frac{1}{4}$

= $17,146

Therefore, interest expense to be recorded as on December 31, 2018 is $17,146

5 0

3 years ago

Which of the following products is likely to have an inelastic supply reaction to a change in price?

anastassius [24]

The answer would be A. Shoes.

It is implied that a good has an inelastic supply if the supplier does not have a choice other than producing it despite the change in production cost. This would as well apply to the buyer, who needs the product no matter the pricing.No one can live without shoes, despite a spike in prices, we still need to buy them.

5 0

3 years ago

Read 2 more answers

On June 8, Williams Company issued an $87,600, 9%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is th

alex41 [277]

I think is 739 not sure tho

4 0

3 years ago

When fraud examiners investigate a bankruptcy or divorce resulting from fraud, where do they focus?

suter [353]

activity shortly before the bankruptcy filing or divorce

Answer:c

3 0

3 years ago

What is Philip's curve long and short ones?

Veronika [31]

In the Philip's curve the long run usually refers to the vertical line and the rate of unemployment the short run Philips curve denotes inflation and is in L shaped and the relationships indicates the trade-off between the inflation and the unemployment

Explanation:

This curve in general shows the relationship between the rate of increase in the nominal wages and the rate of unemployment and usually lower the rate of inflation higher will be the wages allotted and it will be the vice versa

There will be a shift in the Philips curve when there is a hike in the oil prices abroad and this will cause the curve to shift leftwards so in the long run it will indicate the unemployment rate and in the short run it will indicate the inflation rate

3 0

3 years ago