Presto will record the acquisition cost of the equipment as $22,250 (21,500+430+320) which is the total cost for making the fixed asset ready for operation. The Generally accepted accounting principle requires a company to record all of the acquisition cost of a fixed asset. Thus, Presto company must capitalize all cost related to the fixed asset.
The answer to this question is the "output contract". This is a mutual agreement between the producer of the product and the buyer. The producer agrees that he will sell all his product to the buyer and the buyer agrees that he will buy all the product delivered to him by the producer. Thus, to complete the sentence we have it "<span>Bay crab processor has a contract with Jim who is a local crabber and inform Jim that he will buy all the crabs. Then, Jim catches during the season for 35 per bushel. this is an example of an OUTPUT contract.</span>"
Answer:
The dividend yield is 5%
Explanation:
The amrket value of common stock is known and the dividend yield on the common stock will be calculated.
The dividend yeild is basically the dividend return that the stock is providing expresses as a percentage of its market price.
Thus, the formula for dividend yield is,
Dividend Yield = Dividend per share / market price per share
The dividend yield on Common stock = 4 / 80 = 0.05 or 5%
Answer:
The registration fee for this used car is $45.60.
Explanation:
Since the sale price of the used car is $5,700, to calculate the registration fee, simply multiply the selling price by the registration rate of 0.8% (0.008):
F = 5,700 * 0.008
F= $45.60
The registration fee is $45.60.
