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umka21 [38]
3 years ago
5

Select the best answer for the question.

Business
1 answer:
Lorico [155]3 years ago
6 0

Answer:

QC

Explanation:

US dollar used to be backed by gold but this is not the case anymore. US dollar being as a flat currency is backed by governemnt through federal reserve.

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In January of this year, Amazon bought a machine for $220,000. The machine has a useful life of 10 years and a salvage value of
Step2247 [10]

Answer:

Depreciation expense for May $1000

Explanation:

The depreciation expense is the systematic allocation of the cost of asset over the estimated useful of the asset. The units of production method of depreciation allocates the depreciation based on the level of activity for which the asset is used in a particular year divided by the activity expected throughout the useful life of the asset.

The depreciation is calculated as follows,

Depreciation expense = (Cost - Salvage value) * Activity in units for the period/Activity in units over the total estimated useful life of the asset

Depreciation expense - May = (220000 - 60000) * 5000/800000

Depreciation expense - May = $1000

4 0
3 years ago
On August 1, 2014, Amherst Company reacquired 4,000 shares of its $15 par value common stock for $18 per share. Amherst uses the
zloy xaker [14]

Answer:

Using the cost method means that the stock is recorded at the price it cost to buy it back.

Journal entry is therefore:

Date                     Account Title                                       Debit                 Credit

Aug 1, 2014         Treasury Stock                                $72,000

                            Cash                                                                           $72,000

<u>Working:</u>

= 4,000 shares * 18

= $72,000

7 0
3 years ago
Twelve years ago, the Archer Corporation borrowed $6,200,000. Since then, cumulative inflation has been 80 percent (a compound r
miv72 [106K]

Answer:

(a) $3,444,444.44

(b) $11,160,000

Explanation:

(a) Effective purchasing power:

= Loan amount ÷ (1 + cumulative inflation rate)

= $6,200,000 ÷ (1 + 0.80)

= $6,200,000 ÷ 1.80

= $3,444,444.44

Therefore, the effective purchasing power of the $6,200,000 is $3,444,444.

(b) Lender should be repaid:

= Loan amount × (1 + cumulative inflation rate)

= $6,200,000 × (1 + 0.80)

= $6,200,000 × 1.80

= $11,160,000

7 0
3 years ago
If we wanted to most closely apply the principle of popular sovereignty to control of the bureaucracy, which of the following of
Fofino [41]

Answer:

The correct answer is The president.

Explanation:

Bureaucracy is the organization or structure that is characterized by centralized and decentralized procedures, division of responsibilities, specialization of work, hierarchy and impersonal relations.1 The term is used in sociology, administrative science and, especially, in the public administration. It could be defined as a set of techniques or methodologies arranged to learn or rationalize the external reality (to which it intends to control the central power) in order to know and call it in a standardized or uniform way.2 A clear example of this characteristic of bureaucracies , particularly those of government, is the hiring and assignment or removal of personnel, that is, officials, according to explicit criteria and relevant to the performance of duties.

7 0
3 years ago
What does daw mean? select one: a. dispense after waiver has been signed b. dispense as written c. drugs in adjudication this we
Monica [59]

The DAW mean dispense after written. Dispense as written refers to the prescriber's instructions regarding authorization for substitutes with generic counterparts or ordering of the specific prescribed drug with "DO NOT SUBSTITUTE" the instructions on the prescription.

A DAW code indicates the prescriber's instructions to the payer for the  generic equivalent substitute or dispense of the specific prescription drug. when the member expressly requests the brand-name drug over the generic version at the pharmacy In both cases, the plan continues to pay the high cost of the brand-name drug so that the member's access to the medication is not disrupted.

To learn more about DAW, click here.

brainly.com/question/18338289

#SPJ4

3 0
2 years ago
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