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3 years ago

9

Oceania buys $100 of wine from escudia and escudia buys $80 of wool from oceania. suppose this is the only trade that these coun

tries do. what are the net exports of oceania and escudia, in that order?

1 answer:

Andre45 [30]3 years ago

6 0

D. none of the above is correct

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The following information is available regarding the total manufacturing overhead of Olsen Company for a recent four-month perio

Eduardwww [97]

Answer:

$33,000

Explanation:

The calculation of the fixed cost and the variable cost per machine hour by using high low method is shown below:

Variable cost per hour = (High manufacturing overhead cost - low manufacturing overhead cost) ÷ (High machine hours - low machine hours)

= ($198,000 - $153,000) ÷ (110,000 hours - 80,000 hours)

= $45,000 ÷ 30,000 hours

= $1.5

Now the fixed cost is

= High manufacturing overhead cost - (High machine hours × Variable cost per hour)

= $198,000 - (110,000 hours × $1.5)

= $198,000 - $165,000

= $33,000

6 0

3 years ago

Luck is what happens when preparation meets opportunity.

elena-s [515]

Answer:

Roman philosopher Seneca once said, “Luck is what happens when preparation meets opportunity.”

Explanation:

4 0

2 years ago

Disadvantages of company borrow to much money from the bank

Kruka [31]

You have to pay back interest, and the later you pay, the more you owe!<span />

5 0

3 years ago

During February, $186,500 was paid to creditors on account, and purchases on account were $201,400. Assuming the February 28 bal

Kobotan [32]

Answer:

Accounts payable (opening) = $ 45000.

Account rec during year = $464570

Cash payment during year = $351570.

Explanation:

As we know that:

Account payable (open) + Purchases - Accounts payable(end) = Paid cash

Accounts payable (open) + 201400-59900= 186500

Accounts payable (open)= 186500+59900-201400

= $45000.

As we know that:

Account receivables (open) + A/c receivable during year - A/c receivable (end)=Cash collected.

A/c receiable during period= 449600-115800+130770

= $464570.

As we know that:

Cash (open) + Cash collected - Cash (end)= Cash payment during period.

46200+248600 - 56770 = Cash payments during year.

Cash payment during year = $351570.

4 0

3 years ago

Simon graduated from Lessard University last year. He financed his education by working part-time and borrowing $16,000. During

elena55 [62]

Answer:

a.

$1,400

b.

$280

Explanation:

According to Internal Revenue code the interest expense can only be deductible as adjusted gross income deduction, if the qualified education loan is used only for study credit, higher educational expenses like enrollment in the course, cost of books and accommodation cost.

a.

The maximum allowable interest deduction is $2,500.

Amount of Interest paid on the educational loan $1,400

Allowable deduction is Lesser of

maximum allowable interest deduction of $2,500.
Interest Payment on educational loan of $1,400.

b.

Adjusted Gross Income $77,000

Formula

Educational Interest rate = (AGI - $65,000) / $15,000

Placing values in the formula

Educational Interest rate = ($77,000 - $65,000) / $15,000

Educational Interest rate = 1.13 = 0.8%

Allowable interest deduction = [ (lesser of interest deduction or interest payment on the educational loan) x ( 1 - Educational interest rate)

Allowable interest deduction = $1,400 x ( 1 - 0.8 ) = $280

5 0

3 years ago