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3 years ago

Which term describes the cost to replace property minus the deduction for depreciation?

Business

1 answer:

Natasha_Volkova [10]3 years ago

5 0

Answer:

The correct answer is b) Actual cash value.

Explanation:

Insurance industry’s ACV is define as "the cost to replace with new property of like kind and quality, less depreciation. Courts have varied in their rulings as to whether or not depreciation includes obsolescence (loss of usefulness as a result of outmoded design, construction, etc.)."

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Each week you drive 150 miles your car gets 25 miles to the gallon and gas prices are three dollars per gallon how much money wi

Flura [38]

Total cost = $3 / gallon (150 miles / (25 miles/gallon)) =<span> $18</span>

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3 years ago

Jeremy is studying the effects of income on the demand for Greek ceramics. If "ceteris paribus" is used, which factors would be

aliya0001 [1]

Answer:

B) all factors affecting demand, except income

Explanation:

Ceteris paribus can be used to identify the relationship between two specific variables, while leaving all other factors constant. In this case, since Jeremy is studying the effects of income on the demand (of anything really, not only Greek ceramics), it should affect all factors affecting demand except income. Jeremy is going to analyze how the quantity demanded changes when the income changes, all other things constant.

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4 years ago

Priscilla is in the 8th grade. her group of friends has recently started shoplifting at departmental stores. according to resear

Igoryamba

Either join, grow more susceptible to stealing, or get caught with them even if she didn't join.

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4 years ago

Fortress International, a large conglomerate, procures a few component parts from external suppliers and also manufactures some

Arte-miy333 [17]

Answer:

B. Taper Integration.

Explanation:

This is a form of partial integration as it is not a vertical integration.

Generally, tapered integration always allows you to preserve the threat of manufacturing key items yourself without full commitment to the process. You only manufacture a part of the total components needed and outsource the rest. If your internal manufacturing operation can be easily expanded, you'll put more teeth in any threats made toward uncooperative suppliers.

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3 years ago

Barnett Industries, Inc., issued $600,000 of 8% bonds on January 1, 2019. The bonds pay interest semiannually on July 1 and Janu

Vera_Pavlovna [14]

Answer:

1. The selling price of the bonds is $590.976.46

2 .The journal entry for the issuance of the bonds and bond issue costs would be as follows:

Debit Credit

Cash $538,976.26

Discount on bonds payable $39,023.74

Unamortized bonds issue costs $22,000

Bonds Payable $600,000

3. Assuming that Barnett uses IFRS, the journal entry for the issuance of the bonds would be as follows:

Debit Credit

Cash $600,000

Bonds Payable $600,000

Explanation:

In order to calculate the selling price of the bonds we would have to calculate first the present value of particular and present value of interest, hence:

present value of particular=($600,000×0.414643)=$248,785.80

present value of interest=$600,000×4%13.007936=$312,190.46

Therefore, selling price of the bonds=present value of particular+present value of interest

1. Selling price of the bonds=$248,785.80+$312,190.46=$590.976.46

2. The journal entry for the issuance of the bonds and bond issue costs would be as follows:

Debit Credit

Cash $538,976.26

Discount on bonds payable $39,023.74

Unamortized bonds issue costs $22,000

Bonds Payable $600,000

3. Assuming that Barnett uses IFRS, the journal entry for the issuance of the bonds would be as follows:

Debit Credit

Cash $600,000

Bonds Payable $600,000

4 0

4 years ago