Answer: c. Financial markets are a critical components of economic success
Explanation:
Economic success runs on companies and individuals being able to produce goods and services for the economy. To be able to do so they need capital to invest and most times they don't have that capital.
This is where Finance comes in. It connects people who do not have the capital but want to produce to those that have the capital but do not necessarily want to produce.
The huge amounts of money that finance attracts is channelled to those who need it. They then produce and the economy becomes successful.
Answer:
$77,000
Explanation:
Direct Labor = $52,350 (Its varies with the number of Production hours). Hence, $52,350 for 3,490 hours
For 3,800 hours, (52,350/3,490) * 3,800 = $57,000
Supervisor Salaries = $20,000 (Since the Supervisor Salary is not an incremental cost, it is a fixed one). So, the Supervisor Salaries remain $20,000
Net budget (flexible) = $57,000 + $20,000
Net budget (flexible) = $77,000
A photocopier cost 96000 when new and has accumulated depreciation of 95000. if the business discards this plant asset, the result is $1,000.
Cost of photocopier $ 96,000.
Less: Accumulated depreciation $ (95,000).
Loss on discard $ 1,000.
A photocopier (also known as a copier or copier, formerly Xerox machine, a generic trademark) is a machine that copies documents and other visual images onto paper or plastic film quickly and inexpensively.
The photocopier (also known as copier or copier, formerly Xerox machine, generic brand) is a machine that copies documents and other visual images onto paper or plastic film quickly and inexpensively. Most modern copiers use a technology called xerography. It is a dry process that uses the electrostatic charge of a photosensitive photoreceptor to first attract toner particles (powder) and then transfer them to paper in the form of an image.
Learn more about photocopier here: brainly.com/question/25307534
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Answer:
Hart Corp.'s note should be reported at $10,000
Maxx Inc.'s note should be reported at $7,883
Explanation:
Interest bearing notes that represent current accounts (due within one year) should be reported at face value. Hart Corp.'s note is due in nine months, so it should be reported at = $10,000
Maxx Inc.'s note must be recorded at present value because it is due in 5 years.
FV = $10,000 x 1.03⁵ = $11,592.74
now we must determine its present value using an 8% discount rate:
PV = $11,592.74 x 0.680 = $7,883
Answer:
The answer is D. Accounted for in current and future periods.
Explanation:
A change in accounting estimate is an adjustment of the carrying value of an asset or liability arising from reassessing the expected future economic benefits and obligations associated with that asset or liability.
Changes in accounting estimates must be shown in the accounting period in which the estimates are revised and periods after i.e accounted for prospectively. Example is a change in useful life and salvage value of a fixed asset
