16 1/12 hours. To make it easier add up all the whole numbers first then find the common denominator, which is 12. Turn all the fractions into fractions with the denominator of 12 add those up and you shall get 16 1/12.
Answer:
revised annual depreciation will be : 13710
Explanation:
After revision the remaining life of equipment shrank down to 2 years, so the depreciation working will be worked out to adjusted the impact of decreasing of useful life.
As per existing information the depreciation charges are calculated as :
(Cost-Salvage Value)/Useful life= (49700-4000)/10 = 4570
Accumulated Depreciation indicates that 4 years have past by (18280/4570)
now remaining years are 6 which will be reduced to 2 after revision so the new working will be as follows:
Remaining Cost :31420 (49700
-18280)
Salvage Value : 4000
Revised Remaining Useful Life : 2
Revised Calculated Depreciation Annual : (31420-4000)/2 = 13710
It can be further verified through simple math also:
Adding annual depreciation of remaining 2 years : 13710
+13710
=27420
Value available for depreciation after salvage value : 31420
-4000= 27420
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Answer:
The person with Absolute advantage is the one that produces more of a good than the other.
<em><u>Dina </u></em><em>has an absolute advantage in the production of alfalfa, and </em><em><u>Charles</u></em><em> has an absolute advantage in the production of barley. </em>
The person with Comparative Advantage is the person who produces something at a lower opportunity cost.
Charles Opportunity Costs
Producing Alfalfa gives 12 bushels per acre instead of 6 bushels for Barley.
Producing 1 Alfalfa means 6/12 = 0.5 bushels Barley is given up
Producing 1 bushel of Barley means 12/6 = 2 bushels Alfalfa is given up.
Dina Opportunity Costs
Producing Alfalfa gives 15 bushels per acre instead of 5 bushels for Barley.
Producing 1 Alfalfa means 5/15 = 0.33 bushels of Barley is given up
Producing 1 bushel of Barley means 15/5 = 3 bushels of Alfalfa is given up.
<em>Charles's opportunity cost of producing 1 bushel of barley is </em><em><u>2</u></em><em> bushels of alfalfa, whereas Dina's opportunity cost of producing 1 bushel of barley is </em><em><u>3</u></em><em> bushels of alfalfa. Because Charles has </em><em><u>lower</u></em><em> a opportunity cost of producing barley than Dina, </em><em><u>Charlie</u></em><em> has a comparative advantage in the production of barley, and </em><em><u>Dina</u></em><em> has a comparative advantage in the production of alfalfa.</em>
Answer:
These two options represent nominal values:
-The price of a beignet is $3.00 in 2011.
-Maria's wage is $27.00 per hour in 2011.
They are expressed in monetary value without taking into account inflation, or without being represented in terms of something else.
This option represents real value:
-The price of a beignet is 0.33 paperback novels in 2011.
The price of a beignet, nominally $3.00 is being expressed in relation to the price of something else: paperback novels, whose nominal price is $9.00.
In other words, in real terms, a beignet costs a third of what a paperback novel costs.