Answer:
$4,583,000
Explanation:
The computation of the value of the property is shown below:
We know that
Return on investment = Operating Income ÷ Average Operating Assets
12% = $550,000 ÷ Average Operating Assets
So, the average operating assets would be
= $550,000 ÷ 12%
= $4,583,000
We simply applied the return on investment formula so that the approximate amount can arrive
Which accounting principle dictates whether the cost of a repair should be expensed?
d. matching
As per matching concept, All revenues have to be recorded along with expenses incurred to earn those revenues. Thus, revenues need to be accounted.
Answer: c. $1.994
Explanation:
Cost per Equivalent Unit of Production (EUP) for Conversion = Total Conversion costs/ EUP
Total Conversion cost
= Conversion cost for beginning work in process inventory + Conversion cost incurred in the month
= 7,840 + 203,300
= $211,140
EUP = Units completed + Percentage of ending Units completed with regards to conversion
= 92,900 + (90% * 14,450)
= 105,905 units
Cost per Equivalent Unit of Production (EUP) for Conversion = 211,140 / 105,905
= $1.9936
= $1.994
Answer:
maturity
Explanation:
The four stages of a product's life cycle are:
- introduction: the new product is released in the market (it is born), sales are slow and advertisement costs are high.
- growth: sales volume increases, customers know about the product, and competing firms are starting to launch their own versions of the product.
- maturity: sales growth stops, which means that total sales reached a zenith, companies fight to keep their share of the market and generally launch different versions of the product to keep customers interested.
- decline: sales volume starts to decrease as the product becomes obsolete. Finally the product will stop being produced (the product dies).
Answer:
Laocoon threw the spear at the wooden horse when Trojans refused to believe him that the wooden horse was a trickery from Greeks.
Explanation:
Aeneid is a masterpiece of Virgil, that tells the tale of Aeneas.
In book 2, of the epic, the death of Trojan Priest Laocoo is mentioned. The book begins by unfolding the trickery that the Greeks were planning on Trojans by sending the wooden horse as a gift of peace. Since, they had a war between them for ten years, Trojans agreed to accept the gift as they wanted peace. But it was Laocoon, who suspects the reason of sending the wooden horse.
<u>Laocoon tried to convince the Trojans that they do not accept the wooden horse, but they refused to listen to him. In his anger and rage, Laocoon threw his spear at the wooden horse, only to reveal that it was hollow from inside.</u>
