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dangina [55]
4 years ago
12

Danube Corp. purchased a used machine for $ 10 comma 000. The machine required installation costs of $ 4 comma 000 and insurance

while in transit of $ 500. At which of the following amounts would the machine be​ recorded? A. $ 10 comma 000 B. $ 14 comma 500 C. $ 14 comma 000 D. $ 10 comma 500
Business
1 answer:
melamori03 [73]4 years ago
7 0

Answer:

The correct answer is B. $14,500

Explanation:

According to the accounting concept, the machines cost includes all those cost which is related to the machine like -  purchase cost of machine, installation cost of machine, insurance cost,etc.

So,

Total cost of machine = Purchase cost of machine + installation cost of machine +  insurance cost

= $10,000 + $4,000 + $500

= $14,500

Hence, the total machine cost is $14,500 which is to be recorded in the financial statements.

Thus, the correct answer is B. $14,500

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Identify whether the given statements about climate change and economic growth are true or false. 1. Poorer countries have histo
GaryK [48]

Answer:

1. True 2. True 3. False 4. True

Explanation:

Identify whether the given statements about climate change and economic growth are true or false.

1. Poorer countries have historically been responsible for the bulk of world carbon emissions because of poor technology and environmental regulations.

<em>True, because they cannot afford advanced technologies that minimize carbon emissions and most of their production assets produces waste in form of emissions that damages the environment e.g. gas flaring</em>

2. Air and water quality in developed countries is generally much better today than it was several decades ago.

<em>True, over time governments have increased spending in the area of public health and waste management.</em>

3. Tackling climate change issues is likely to only modestly dent long-term economic growth.

<em>False, because tackling climate change will protect the environment and the resources therein which are harnessed for economic growth.</em>

4. Carbon emissions are negatively correlated with economic growth.

<em>True, because carbon emissions damage the environment which holds the resources for economic growth.</em>

3 0
3 years ago
Read 2 more answers
Which statement explains why a follower of laissez-faire capitalism would argue that the economy grows when government avoids re
Setler [38]
B. in a free market economy, prices and wages result from natural forces

since government will not take any involvement in the economy,  prices and wages will be determined by the power of supply and demand

hope this helps
6 0
4 years ago
Lena has just become eligible to participate in her​ company's retirement plan. Her company does not match​ contributions, but t
navik [9.2K]

Answer:

Throughout her retirement plan, Lena will still have $206,673.13.

Explanation:

The given values are:

Annual Interest Rate

= 12.00%

Monthly Deposit

= $110

Period

= 25 years i.e., 300 months

Monthly Interest Rate

= 1.00%

Now,

The Accumulated Deposits will be:

⇒  110\times 1.01^{299} + 110\times 1.01^{298}+....+ $110\times 1.01 + $110

⇒  \frac{110\times  (1.01^{300} - 1)}{0.01}

⇒  110\times 1,878.846626

⇒  206,673.13  ($)

8 0
3 years ago
Suppose Stark Ltd. just issued a dividend of $2.57 per share on its common stock. The company paid dividends of $2.10, $2.31, $2
DerKrebs [107]

Answer:

arithmetic average growth rate = (10% + 3.03% + 4.62% + 3.21%) / 4 = 5.22%

we need to find the required rate or return (RRR) in the following formula:

stock price = expected dividend / (RRR - growth rate)

  • expected dividend = $2.57 x 1.0522 = $2.7042
  • stock price = $60
  • growth rate = 0.0522

605 = 2.7042 / (RRR - 0.0522)

RRR - 0.0522 = 2.7042 / 60 = 0.045

RRR = 0.045 + 0.0522 = 0.0973 = 9.73%

geometric average growth rate = [(1.10 x 1.0303 x 1.0462 x 1.0321)¹/⁴] - 1 = 0.05178 = 5.18%

again we need to find the required rate or return (RRR) in the following formula:

stock price = expected dividend / (RRR - growth rate)

  • expected dividend = $2.57 x 1.0518 = $2.703126
  • stock price = $60
  • growth rate = 0.0518

60 = 2.703126 / (RRR - 0.0518)

RRR - 0.0518 = 2.703126 / 60 = 0.0450521

RRR = 0.0968521 = 9.69%

3 0
4 years ago
Mutual fund A earned 10 percent while B earned 8 percent. The standard deviations of the returns were 10 percent and 7 percent,
Lesechka [4]

Answer:

Explanation:

The Sharpe ratio is given by:

(Return of portfolio - risk free rate) / standard deviation.

6 0
3 years ago
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