Answer: $60,432
Explanation:
The equipment can be sold for $5,640 yet the book value is $4,620. The gain is therefore;
= 5,640 - 4,620
= $1,020
After tax cashflow from sale
= Sales price - tax on gain
= 5,640 - (1,020 * 40%)
= $5,232
Cash-flow in 4th year = Annual Cash flow + after-tax cash-flow from sales + net working capital recovered
= 51,000 + 5,232 + 4,200
= $60,432
Answer:
C. Debit to Cash Over and Short for $2.
Explanation:
The term cash over and short refers to an expense account that is used to report overages and shortages to an imprest account such as petty cash. The cash over and short account is used to record the difference between the expected cash balance and the actual cash balance in the imprest account.
Answer:
equilibrium market price = 40
Number of firms in the industry = 240
Explanation:
Let we assume the number of firms be N
And, at equilibrium
Marginal cost = market price
2Q = P i.e market price .....................(i)
Also demand = supply at equilibrium point
which equals to
= 240 × (P ÷ 2) = N × Q.......(ii)
So,
from (i) and (ii)
N i.e Number of firms in the industry = 240
since Q i.e Quantity =20 units
So,
P = 2Q
= $40
The slope of the production possibility curve represents the opportunity cost of producing one good instead of the other.
<h3>What is the production possibility curve?</h3>
This is a curve that is used to illustrate the maximum output that can be produced of two goods when we use a minimum number of input.
This curve shows the different combinations of the input that would be used to get the required output.
Read more on the production possibility curve here:
brainly.com/question/2601596
