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Arlecino [84]
3 years ago
11

NewDigger Inc. makes backhoes for digging ditches and trenches. It has developed an environmental-friendly liquid that, when pou

red on the ground, reduces the time and labor required to dig trenches of various depths, depending on how much is applied. The firm has recently started using this product commercially. This would most probably be considered a(n) _____ project for NewDigger.
Business
1 answer:
Vinvika [58]3 years ago
5 0

Answer: breakthrough                    

Explanation: In simple words, breakthrough project refers to a project which results or has a potential to result as a sudden and huge development for the organisation.

In the given case, the new chemical product by the organisation is a new invention and can ease the job of the field workers.

Hence it can prove as a breakthrough for new digger.

You might be interested in
What is the difference in accounting treatment of unrealized gains and losses across these three categories of investments
hammer [34]

Answer:

Unrealized gains and losses treatment:

Available for sale - recorded in OCI

Held till maturity - not recognized in financial statements until maturity

Held for Trading - Fair value through profit and loss

Explanation:

There are three categories of financial instruments. Available for Sale AFS, Held for trading HFT and Held till maturity HTM. Financial instruments are classified in these categories and then treatments is according to their classification. IAS 39 and IFRS 9 have provided complete guidelines for the treatment of the financial securities.

6 0
2 years ago
Journal Entries and Trial Balance
brilliants [131]

Answer:

Heavenly Realty Journal entries can be found in the attached file

Explanation:

Dr Bank with $25,000

Cr. Capital Stock with $25,000

(being Faith Schultz transferred cash in exchange for Capital stock)

Dr. Rental of Office & equipment with $4,510

Cr. Bank with $4,510

(Being Rental costs for Office and Equipment)

Dr. Supplies with $1,330

Cr. Accounts Payable with $1,330

(Being cost of purchased supplies)

Dr. Supplies Expense with $740

Cr. Supplies with $740

(Being cost of supplies used)

Dr Accounts Payable with $490

Cr. Bank with $490

(being payment to Creditors)

Dr. Cash with $20,500

Cr. Sales commission with $20,500

(Being Sales Commission received)

Dr. Automobile Expense with $1,250

Dr. Miscellaneous Expense with $840

Cr. Bank with $2,090

(being  payment for automobile expense, rental charges & Miscellaneous expense)

Dr Office Salaries with $2,620

Cr. Bank with $2,620

(Being Payment for Office Salaries)

Dr Dividend with $1,210

Cr Bank with $1,210

(Being payment of Dividend)

6 0
3 years ago
Suppose the price of tomatoes falls, ceteris paribus. Describe the impact the substitution effect and the real income effect wou
mamaluj [8]

Answer:

Ceteris paribus assumption: Demand curves relate the prices and quantities demanded assuming no other factors change

Explanation:

Ceteris paribus is a  Latin phrase meaning “other things being equal”. If all else is not held equal, then the laws of supply and demand will not necessarily hold.

Demand is the amount of some product a consumer is willing and able to purchase at each price.

IMPACT THE SUBSTITUTION EFFECT AND THE REAL INCOME

A substitute is a good or service that can be used in place of another good or service. A lower price for a substitute decreases demand for the other product and increases the quantity demanded for tomatoes

A change in the price of a good or service causes a movement along a specific demand curve, and it typically leads to some change in the quantity demanded, but it does not shift the demand curve.

3 0
3 years ago
Firm A's demand for a product is 15 units per month. Its supplier charges an ordering cost of $5 per order and $10 per unit with
lys-0071 [83]

Answer:

Annual ordering cost=$32.142

Explanation:

Annual ordering cost = Annual demand/order quantity × ordering cost per order

Annual demand = 15 × 12 = 180 units

Kindly note that there are 12 months in year.

Annual Ordering cost = 180/28 ×  $5= $32.142

Annual ordering cost=$32.142

8 0
3 years ago
Culver Company has the following securities in its portfolio on December 31, 2017. None of these investments are accounted for u
SIZIF [17.4K]

Answer:

unrealized loss (OCI)            500 debit

trading securities- wallace 5,200 debit

      trading securities gordon                4.200 credit

     trading securities - martin                 1,600 credit

cash                           66,300 debit

loss on investment     6,900 debit

   trading securities - gordon         73,200 credit

--to record sale of gordon securties --

trading securities earnhart corp 53,800 debit

                         cash                                53,800 credit

--to record purchase of earnhart--

unrelized loss(OCI)  7,100  debit

trading securities earnhart corp 3,700 credit

trading securities- wallace        3,400 credit

-- 2018 year-end adjustment--

Explanation:

gordon 77,600 - 73,200 =    (4,100)

wallace 172,900 - 167,700 = 5,200

martin 63,500 - 65,100 =   <u>  (1,600)  </u>

         Total adjustment           (500)

We will declare as other comprehensive incoem the unrealized loss of 500 dollar for the period

At sale date we compare the proceeds and the cost to check for the earning or losses:

1,500 shares x $45 each less 1,200 fees = 66,300

                        gordon shares book value <u>(73,200)</u>

                       loss on investment                 6,900

Earnhart corp:

700 shares x $75 each plus 1,300 fees: 53,800

year-end adjusting 2018

earnhart 50,100 - 53,800 = (3,700)

wallace 61,700 - 65,100 =    (3,400)

martin   167,700 - 167,700 = <u>         0</u>

unrealized loss                    (7,1 00)

3 0
3 years ago
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