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3 years ago

Identify whether the statements below are true or false by dragging and dropping the appropriate term into the bin provided.

Business

1 answer:

Tema [17]3 years ago

7 0

Solution and Explanation:

1. False- Long run Economic growth is likely to be sustainable because of finite natural resources as othe man made resources will be available to sustain growth.

2. False- In mordern economy posesing few natural resources will not affect a country to develop economically; human resources and man made resources will also contribute. Foreign trade can also play an important role towards growth, in the absence of abundant natural resources.

3. True- Natural resources are vital, and mostly exhaustible. Hence it is very essential to find suitable alternatives.

4. False- Economies of 21st century depend on human capital due to depletable atural resources.

5. True - In the 19th century, minerals and farming land were the most mportant resources, since self sustainability was in vogue.

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Attorneys' fees, entrance fees, train fares, and organization dues are all:_______

Tom [10]

Answer:

d. synonyms for price.

Explanation:

All the stated items (attorney fees, entrance fees, train fares, and organisation dues) are all prices.

Price is the amount that is paid for a particular good or service performed.

When fixing a price usually there is an offer and acceptance of the amount to be paid for goods or services.

Also payment can be made upfront like the case of train fare. While in other instances payment may be deferred as is seen in attorney fees and organisation dues.

Price can also change when one party grants concession to the other, for example loan rebate where the debtor is given price relief.

3 0

2 years ago

Clampett, Inc., has been an S corporation since its inception. On July 15, 2020, Clampett, Inc., distributed $49,000 to J.D. His

maria [59]

Answer:

$11,000

Explanation:

The basis an investment refers to the asset's original value which is adjusted for capital distributions, stock slits, and dividends.

The J.D.'s basis in his Clampett, Inc. stock after all transactions in 2020 can therefore be computed by adjusting the original basis as follows:

Basis after all the 2020 transactions = Original basis or 1 Jan. 2020 basis + Allocated income - Distribution = $48,000 + $12,000 - $49,000 = $11,000

Therefore, .D.'s basis in his Clampett, Inc., stock after all transactions in 2020 is $11,000.

4 0

3 years ago

Primus Corp. is planning to convert an existing warehouse into a new plant that will increase its production capacity by 45%. Th

Lelechka [254]

Answer:

1. 3 years and 9 months

2. $16,439,325

3. 20.33 %

Explanation:

The Summary of the Cash Flows for this project will be as follows :

Year 0 - $7,125,000

Year 1 $1,875,000

Year 2 $1,875,000

Year 3 $1,875,000

Year 4 $1,875,000

Year 5 $1,875,000

Year 6 $1,875,000

Year 7 $1,875,000

Year 8 $1,875,000

Payback Period

$7,125,000 = Year 1 ($1,875,000) + Year 1 ($1,875,000) + Year 1 ($1,875,000) + $1,500,000 / $1,875,000

= 3 years and 9 months

Net Present Value (NPV)

Calculation using a financial calculator :

- $7,125,000 CFj

$1,875,000 CFj

I/YR 12%

Shift NPV $16,439,325

Internal Rate of Return (IRR)

Calculation using a financial calculator :

- $7,125,000 CFj

$1,875,000 CFj

Shift IRR 20.33 %

7 0

3 years ago

It is to say that Blue Hamster’s net inflows and outflows of cash at the end of Years 1 and 2 are equal to the company’s annual

Elanso [62]

It is correct to say that Blue Hamster’s net inflows and outflows of cash at the end of Years 1 and 2 are equal to the company’s annual contribution to retained earnings, $4,194,250 and $5,121,531, respectively. This is because all of the items reported in the income statement involve payments and receipts of cash.

Explanation:

Inflow of the company is the income of the company that it gets from the sale of the goods and the services that have been produced by the company by using raw material, labor and so on.

Outflow of the company is the expenditures and costs that the company makes on the production of the goods and services that are to be sold by the company to it's clients to earn revenue. The main purpose of the company is to increase it's inflows as much as possible.

6 0

2 years ago

Two examples of generally accepted accounting principles are:

tresset_1 [31]

The answer to this question is: accounting for leases and accounting for fair value assets
Leases and fair value assets is often used by companies in order to make their company valuation seem higher than it supposed to be. So, standardized rules regarding the proper way to make the valuation should be written under the Generally accepted accounting principles.

8 0

2 years ago