Answer:
Option A. The U.S. Constitution.
Explanation:
The reason is that the US constitution provides the basic framework for the laws to be formulated and passed both in the US National Assembly and the Senate. The laws cannot be formulated if the US constitution doesn't allows the passing of the law which means that the constitution must be amended first. When the slavery was to be eliminated in 1865, the first problem was that passing the elimination of slavery law was inconflict with the US constitution. So the constitution was amended before passing the law to eliminate the conflict.
In the nutshell, every law originates because of different reasons like Technological reasons, Social reasons, Cultural reason, etc) but the basis remains the same which is US constitution which is the basic framework for passing the law.
Answer:
Bid A should be accepted
Explanation:
Bid A:
initial investment = $5.75 x 12,000 = -$69,000
cash flows years 1 - 4 = $0.25 x 12,000 = -$3,000
cash flow year 5 = -$69,000
cash flows years 6 - 9 = $0.25 x 12,000 = -$3,000
NPV using a 9% discount rate = -$129,881.21
Bid B:
initial investment = $10.50 x 12,000 = -$126,000
cash flows years 1 - 9 = $0.09 x 12,000 = -$1,080
NPV using a 9% discount rate = -$132,474.87
Answer:
the principal amount at a rate of 4% is 2000
principal amount at a rate of 3.5% is 4000-2000 =2000
Explanation:
We have given total amount borrowed = $4000
Let x amount is borrowed at a rate of 4%
So $4000-x is borrowed at rate of 3.5%
Total interest = $150
We know that simple interest 
So 
0.5 x=1000
x = 2000
So the principal amount at a rate of 4% is 2000
And principal amount at a rate of 3.5% is 4000-2000 =2000
Answer:
The correct option is A,Debit Land and Building, $130,000; Credit Common Stock, $5,000; Credit Paid-in Capital in Excess of Par Value, Common Stock, $125,000.
Explanation:
The sum of the two market values of both land and building is $130,000($100,000+$30,000),which would be debited to land and building account to show that the asset has increased due to new acquisition.
In the common stock account the par value of the shares which is $5,000($1*5000) would be credited to it.
The difference between the market value of assets acquired and the common stock amount which is $125,000($130,000-$5,000) would be credited to paid in capital in excess of par account.
Answer:
If X Company uses the units of production method for calculating depreciation, depreciation expense in 20X3 will be (rounded):
$45000
Explanation:
Cost 360000
Accum. Depre 90000
Usefull life 7
Produce 1 20000
Produce 2 10000
Produce 3 50000
80000
Deprec=cost/unit
Depre=360000/80000
Depre= 4,5
Produce 2012 20000 4,5 90000
Produce 2013 10000 4,5 45000
Produce rest 50000 4,5 225000
80000 4,5 360000
