Answer:
$41.0 million
Explanation:
Calculation to determine the amount(s) related to the sale that Morgan would report in its statement of cash flows for the year ended December 31, 2021, using the direct method
DIRECT METHOD:
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash proceeds received from sale of land $41.0 million
Therefore the amount(s) related to the sale that Morgan would report in its statement of cash flows for the year ended December 31, 2021, using the direct method is $41.0 million
For monopolistically competitive businesses, the factor that ultimately causes zero economic profitability is: newly added
What Exactly Is Economic Gain (or Loss)?
The difference between the money made from selling an output and the price of all the inputs plus any opportunity costs is what is known as an economic profit or loss. By deducting potential costs and explicit costs from generated revenue, economic profit is calculated.
Opportunity costs are a kind of implicit cost that management determines and that vary depending on various events and viewpoints.
Analysis of accounting profit and economic profit frequently goes hand in hand. The profit that a corporation reports as accounting profit appears on its income statement. Accounting profit is a measure of actual inflows and outflows that is necessary for a company to have financial transparency.
To know more about economic profitability
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Answer:
less that the units started in production period
Explanation:
Equivalent units are different from the physical units manufactured. Equivalent units are outputs expressed as percentage of costs applied and completion on them.
For Weighted Average method, equivalent units are calculated by looking at the <em>Units in Work In Process</em> and <em>Units Completed and Transferred</em>.
Therefore, for equivalent units of production with respect to conversion costs
Express the <u>Units in Work In Process to their equivalent units</u> by multiplying by 70% (percentage of completion) and add the amount to the <u>Units Completed and Transferred</u>. The total is the equivalent units of production with respect to conversion costs.
If there is no beginning work in process inventory, the sum of the above will be less that the units started in production period
Answer:
option E Rome is the answer
