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Semmy [17]
4 years ago
6

Danube Corp. purchased a used machine for $ 16,000. The machine required installation costs of $ 6,000 and insurance while in tr

ansit of $ 800.
At which of the following amounts would the machine be​ recorded?

a) $16,000 b) $22,000 c) $16,800 d) $22,800
Business
1 answer:
REY [17]4 years ago
8 0
A) 16,000 because the other two requirements are added to the machine after it is all paid for unless the insurance is bought with the machine which then it would be C) 16,800
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Domestic producers experience limited import competition when a VER is in place. As a result, these producers make extra profit
GuDViN [60]

Answer:

Quota rent

Explanation:

When voluntary export restraints (VER) are set up and / or import quotas are enforced, the extra profit that domestic producers make because the supply is artificially limited is called quota rent. Quota rents are a type of economic inefficiency since they produce more losses than benefits. Society as a whole generally losses while a group of favored companies make huge profits.

For example, sugar imports are limited in the US, so domestic sugar producers are able to sell sugar at much higher prices than regular international prices. That artificial extra profit earned by sugar companies in the US can be classified as quota rent.

8 0
3 years ago
Listed below are certain costs (or discounts) incurred in the purchase or construction of new plant assets. Indicate whether the
Ann [662]

Answer:

a. Capitalized : Equipment

b. Expensed

c. Capitalized : Building

d. Expensed

e. Capitalized : Equipment

f.  Capitalized : Building

g. Capitalized : Building

h. Capitalized : Equipment

Explanation:

The Cost of Property, Plant and Equipment item according to IAS 16 includes, the Purchase Cost and any cost directly incurred in putting the assets in location and condition intended for use by management.

The costs exclude amounts collected in tax on behalf of third parties

Also not Capital expenditures increase the earning ability of the asset whilst  revenue expenditure is the maintenance of such asset.

6 0
3 years ago
The annual dividend rates for a random sample of 16 companies in three different industries, utilities, banking, and insurance,
lubasha [3.4K]

Based on the information given, the results show that A.The annual dividend rate in the utility industry is significantly less than the annual dividend rate in the banking industry.

A dividend rate simply means a financial ratio that is important as it shows how much a company pays out in dividends every year relative to the stock price of the company.

In this case,  the 95% confidence interval shows an interval of 1.28 to 6.28 for the difference. This implies that the annual dividend rate in the utilities industry is significantly less than the annual dividend rate in the banking industry.

Learn more about dividends on:

brainly.com/question/3161471

4 0
2 years ago
Net credit sales = $400,000 Net income = $100,000 Average total assets = $80,000 Average accounts receivable = $20,000 What is t
Romashka [77]

Answer:

73 days

Explanation:

average collection period = number of days in a period / receivables turnover

receivables turnover = revenue / average receivables = $100,000 / $20,000 = 5

average collection period = 365 / 5 = 73 days

I hope my answer helps you

5 0
4 years ago
A firm has the balance sheet accounts, Common Stock and Paid-in Capital in Excess of Par, with values of $40,000 and $500,000, r
Mrac [35]

Answer:

$13.50/share

Explanation:

500000/40000=12.5$

was purchased for 1$

total=1+12.5$

$13.50/share

8 0
3 years ago
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