Explanation:
22
3 25
6 15
a. Determine which variable is the dependent variable.
b. Compute the least squares estimated line.
c. Compute the coefficient of determination. How would you interpret this value
Accounting profits for the month = $4,000.
<h3>
What is production?</h3>
- In order to create anything for consumption, several material and immaterial inputs are combined during the production process.
- It is the process of producing output, a good or service that has value and enhances people's usefulness.
<h3>What are profits?</h3>
- The difference between an economic entity's revenue from its outputs and the opportunity costs of its inputs is what is known as a profit.
- It is equivalent to total income less total expenses, which includes both direct and indirect expenses.
<h3>
Solution -</h3>
Production happens 7 days a week.
Let,s tale 28 days in a month (4 weeks in a month)
50 items are produced every day and each costs $10.
50 × 10 = $500 (Daily sale)
Monthly sale = 500 × 28 = $14,000 (Monthly revenue)
Cost of production per month = $10,000.
Profit = 14,000 - 10,000 = $4,000.
Therefore, accounting profits for the month = $4,000.
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Answer:
Gain= $6,350
Explanation:
Giving the following information:
Purchase price= $46,200
Salvage value= $6,300
Useful life= 4 years
<u>First, we need to determine the annual depreciation and the accumulated depreciation at the moment of the sale:</u>
<u />
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (46,200 - 6,300) / 4
Annual depreciation= $9,975
Accumulated depreciation= 9,975*2= $19,950
<u>If the selling price is higher than the book value, the company made a gain from the sale:</u>
Book value= 46,200 - 19,950= $26,250
Gain/loss= 32,600 - 26,250
Gain= $6,350
Answer:
$0
Explanation:
The basis for a Section 351 transfer = fair market value of the property - assumed liabilities = $80,000 - $75,000 = $5,000
Since Buster controls Bronco Corporation (he owns 100%) and he exchanged the property for common stock, no gain or loss should be recognized, neither by Buster or the corporation. All that must be recognized is the new basis for the asset ($5,000).
I would go with B
They most certainly have not eliminated hunger and does not have an international armed force.