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3 years ago

When the concept of conservation is applied to the balance sheet, it results in (

1 answer:

6 0

I think the correct answer from the choices listed above is option B. When the concept of conservation is applied to the balance sheet, it results in <span>understatement of capital. Hope this answers the question. Have a nice day. Feel free to ask more questions.</span>

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Chocolate Supreme purchased new baking equipment for $15,000 subject to terms 4/10, n/45. The discount was taken. Additional cos

4vir4ik [10]

Answer:

Cost of machine =$ 15600

Explanation:

<em>According to International Accounting standards (IAS) 16 property plan and equipment (PPE), the cost of an asset is the purchase cost plus other costs of bringing it to the intended working conditions.</em>

So we will add the purchase cost to the cost of delivery, tax and installation.

Note the discount is 4%

The purchase cost less discount = (100-4)% × 15,000= $14,400

The cost of the equipment = $14,400 + 900 + 300

=$ 15,600

5 0

3 years ago

***GIVING BRAINLIEST*** If you review your credit report and find an error, and you're able to prove it is, indeed, an error, ho

madam [21]

Explanation:

he has to take as much time as he can

3 0

3 years ago

How does a 12 year old get a lot of money

lora16 [44]

Answer:

babysitting, walking dogs, mowing lawns, shoveling snow,

Explanation:

6 0

3 years ago

Read 2 more answers

Grouper Ltd. estimates sales for the second quarter of 2017 will be as follows.

Alona [7]

Answer:

July production = 2,660 units

raw materials per unit = $6

ending inventory of raw materials = 50% of next month production

<h2> RAW MATERIALS PURCHASES</h2>

April May June

units to be produced 2,200 2,130 2,330

+ ending inventory 1,065 1,165 1,330

EU raw materials

- beginning inventory -1,100 -1,065 -1,165

<u>EU raw materials </u>

total direct materials

purchases (in units) 2,165 2,230 2,495

cost of direct materials $6 $6 $6

total purchases $12,990 $13,380 $14,970

8 0

4 years ago

FedEx Corp stock ended the previous year at $103.39 per share. It paid a $0.35 per share dividend last year. It ended last year

mr Goodwill [35]

Answer:

$730 and 3.53%

Explanation:

Given that

Initial Price = $103.39

Ending Price = $106.69

Dividend Paid = $0.35

Number of Shares owned = 200

The computation of the dollar return and the percent return is shown below:

Dollar return is

= [0.35 + ($106.69 - $103.39)] × 200

= $730

And, the percentage return is

= $730 ÷ (200 × $103.39)

= 3.53%

6 0

3 years ago