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Debora [2.8K]
3 years ago
14

A model of sea ice coverage is made with sketches and diagrams. it shows that ice cover increased in the antarctic and decreased

in the arctic from june to july. what type of model is this?
Business
2 answers:
yaroslaw [1]3 years ago
3 0

This would be a conceptual model.

const2013 [10]3 years ago
3 0

Answer:

Conceptual model.

Explanation:

The above question shows an example of a conceptual model, as it exposes factual information related to an environment common to the individual.

Conceptual modeling is the most natural form of fact and is closer to the reality of the customer environment. In the conceptual model the client should be involved in order to obtain the data that will support the construction of the whole model.

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Klingon Cruisers, Inc., purchased new cloaking machinery five years ago for $20 million. The machinery can be sold to the Romula
gladu [14]

Answer:

a. $16,426,000

b. $19,080,000

Explanation:

a. What is the book value of Klingon's assets today?

Book value of assets refer to the value of the total value of the assets of a company on its balance sheet after depreciation, impairment and amortization have been deducted.

This can be calculated for this question as follows:

Book value of Klingon's assets today = Book value of current assets + Book value of  fixed assets

Book value of fixed assets = $15,500,000

Book value of current assets = Current liabilities + Net working capital = $700,000 + $226,000 = $926,000

Therefore, we have:

Book value of Klingon's assets today =  $15,500,000 + $926,000 = $16,426,000

b. What is the market value?

Market value refer to the amount that can be realized from selling something such as the assets of a company.

This can be calculated for this question as follows:

Market value = Machinery sales amount + Current asset liquidated amount = $18,000,000 + $1,080,000 = $19,080,000

3 0
3 years ago
Andrea uses a rake to move a pile of leaves. The rake is being used as a _____ lever. First-class second-class third-class
laila [671]

The answer to your question is Third Class.

8 0
2 years ago
Read 2 more answers
Aquatic Equipment Corporation decided to switch from the LIFO method of costing inventories to the FIFO method at the beginning
polet [3.4K]

Answer:

a. The balance in retained earnings at the time of the change (beginning of 2021) as it would have been reported if FIFO had been used in prior years is $744,450.

b. Debit Inventory for $53,000; Credit Income tax payable for $18,550; and Credit Retained earnings for $34,450.

Explanation:

Note: There is an error in the date stated in the requirements of the question as they are different from the date in the body of the question. The requirements are therefore restated with the correct date before answering the question as follows:

a. Calculate the balance in retained earnings at the time of the change (beginning of 2021) as it would have been reported if FIFO had been used in prior years.

b. Prepare the journal entry at the beginning of 2021 to record the change in principle.

The explanation of the answer is now given as follows:

a. Calculate the balance in retained earnings at the time of the change (beginning of 2021) as it would have been reported if FIFO had been used in prior years.

The effect of LIFO is to overstate the cost of goods sold and understated the retained earnings.

The balance in retained earnings at the time of the change (beginning of 2021) as it would have been reported if FIFO had been used in prior years can therefore be determined as follows:

Inventory understatement net of tax = $53,000 * (100% - Tax rate) = $53,000 * (100% - 35%) = $34,450

Therefore, we have:

Retained earnings under FIFO = Retained earnings as reported + Inventory understatement net of tax = $710,000 + $34,450 = $744,450

Therefore, the balance in retained earnings at the time of the change (beginning of 2021) as it would have been reported if FIFO had been used in prior years is $744,450.

b. Prepare the journal entry at the beginning of 2021 to record the change in principle.

The journal entry will look as follows:

<u>Details                                                       Debit ($)        Credit ($)    </u>

Inventory                                                    53,000

Income tax payable (53,000 * 35%)                                18,550

Retained earnings                                                            34,450

<u><em>(To record the change in principle.)                                                 </em></u>

7 0
3 years ago
You are considering two bonds. Bond A has a 9% annual coupon while Bond B has a 6% annual coupon. Both bonds have a 7% yield to
Yuri [45]

Answer:

c. The price of Bond A will decrease over time, but the price of Bond B will increase over time

Explanation:

Bond A has a higher coupon rate than market thus, investor will accept to purchase the bond for a higher price until the YTM of this bond equals the market rate

Bond B is the opposite, is paying lower thus, will we purchase for less.

As times passes both will get their market value closer to the face value of the bond because, at maturity the bond will pay 1,000.

Making Bond A lower his price while B increases.

4 0
3 years ago
In the Month of March, Digby received orders of 164 units at a price of $15.00 for their product Don, and in April receives an o
qwelly [4]

Answer:

Sales for March, 164 * 15 = $2,460

Explanation:

According to the accrual system, the purchases and sales are recorded when they occur. When compared to the cash basis, they are only recorded when actual cash is received or paid for them.

For March the transaction of 164 units has occurred and thus this sale will be recorded.

Sales for March, 164 * 15 = $2,460

This is the revenue recorded for March under accruals, for cash this would have been 0.

Hope that helps.

8 0
3 years ago
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