Which is true of output-choice models of oligopoly behavior?

When does the cost of inventory become an expense? A. When cash is collected from the customer B. When inventory is purchased f

borishaifa [10]

Answer:

C. When inventory is delivered to a customer

Explanation:

As we know that the inventory is good that the company sold to the customers. Through these goods, the company can able to generate huge profits and gain a competitive advantage in the market

But when we talk about the inventory cost that converted into an expense is when we delivered the product to the customer. It would be represented in the company books as an expense. Until sold, it cannot be converted

5 0

3 years ago

Rick deposited $3,100 into an account 13 years ago for an emergency fund. Today, that account is worth $5,280. What annual rate

trasher [3.6K]

Answer:

4.18%

Explanation:

The formula for used for this calculation is given as

Future value = Present( Initial) value (1 + r)ⁿ

Where n = number of years of the investment = 13 years

Future value (Amount of the investment after 13 years)= $5,280

Present ( Initial) value (Amount of the investment before 13 years) = $3,100

r = rate of return

The formula for r is derived as:

r = (Future value/ Present (initial) value)¹/ⁿ- 1

r = ($5,280/$3,100)¹/¹³ - 1

r = 1.0418139573 - 1

r = 0.0418139573

r is always in percentage format

r = 0.0418139573 × 100

r= 4.18139573%

Approximately, the rate of return annually for 13 years = 4.18%

8 0

2 years ago

Borasco Corp. owns land with a fair market value of $200,000. Borasco purchased the land 10 years ago for $65,000 and owes a lia

FromTheMoon [43]

Answer: B. $65,000

Explanation:

The options to the question are:

A. $15,000

B. $65,000

C. $150,000

D. $200,000

It should be noted that the corporate liquidations of property are typically treated as either an exchange or a sale and the profit or the loss made will be recognized by the corporation usually based on the liquidating sale of the assets of the corporation.

In certain cases whereby the distributee that is, the individual who is entitled to partake in the share of an estate distribution is a corporation that is in charge of the distributing corporation, this may lead to the distribution not to be taxable.

Due to this, Alvo has a basis of $65,000. The reason is that the land was not sold and therefore Alvo did not get $200,000.

6 0

2 years ago

Classifying Cash Flows Identify the type of cash flow activity for each of the following events (operating, investing, or financ

Sphinxa [80]

Answer:

Cash Flow activities for each event are:

a. Redeemed bonds (Financing activity)

b. Issued preferred stock (Financing activity)

c. Paid cash dividends (Financing activity)

d. Net income (Operating activity)

e. Sold equipment (Investing activity)

f. Purchased treasury stock (Financing activity)

g. Purchased patents (Investing activity)

h. Purchased buildings (Investing activity)

i. Sold long-term investments (Investing activity)

j. Issued bonds (Financing activity)

k. Issued common stock (Financing activity)

-Operating activities entails cash activities related to net income.

-Investing activities encompasses cash activities related to non-current assets.

-Financing activities include cash activities related to owners' equity and non-current liabilities

7 0

3 years ago

A machine costing $450,000 with a four-year life and an estimated $30,000 salvage value is installed by Lux Company on January 1

Tasya [4]

Answer:

$112,500

Explanation:

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life)

Depreciation expense in year 1 = 2/4 x $450,000 = $225,000

Book value at the beginning of year 2 = $450,000 - $225,000 = $225,000

Depreciation expense in year 2 = 2/4 x $225,000 = $112,500

4 0

2 years ago