All categories

3 years ago

Any item that has a definite monetary value is able to be used as:

Business

1 answer:

Alex777 [14]3 years ago

7 0

An installment payment is equal payments every month, meaning it is the correct answer. (B)

You might be interested in

Ben says that "an increase in the tax on beer will raise its price." Holly argues that "taxes should be increased on beer becaus

Grace [21]

Answer:

B. Holly's statement is normative, but Ben's is positive.

Explanation:

Positive statements are based on objective deduction of what is, or was. It is based on facts. Ben's comment "an increase in the tax on beer will raise its price", is an example of positive statement.

Normative statements are subjective and based on individual values and judgement. In her statement Holly appears to be biased against drinking much. She says "taxes should be increased on beer because college students drink too much." Is a normative statement.

7 0

3 years ago

What is the recovery period and depreciation method of a residential rental property located in a foreign country which was plac

snow_lady [41]

Answer: For residential rental property, the recovery period using GDS is 27.5 years. 2 If you use ADS, the recovery period for the same type of property is 30 years if it was placed in service after December 31, 2017, or 40 years if it was placed in service before that date.

Explanation: Is the good enough???

7 0

2 years ago

A remotely located air sampling station can be powered by solar cells or by running an above ground electric line to the site an

Olin [163]

Answer:

a) should install the solar cells

alternative 1, solar cells

initial investment $18,000

annual expenses $2,400 (5 years)

NPV = $27,097.89

AW = (10% x $27,097.89) / [1 - (1 + 10%)⁻⁵] = $7,148.36

alternative 2, power line

initial investment $27,500

annual expenses $1,000 (5 years)

NPV = $31,290.79

AW = (10% x $31,290.79) / [1 - (1 + 10%)⁻⁵] = $8,254.43

b) $23,307.10

3 0

3 years ago

The Assembly Department shows the following information: Beginning Work in Process Ending Work in Process Units Transferred Out

Margarita [4]

Answer:

a) 75600.

Explanation:

Given;

Beginning Work in Process = 19900

Ending Work in Process = 65300

Units Transferred Out Units = 30200

Total units are to be accounted= x

19900 - 30200 + x = 65300

x = 65300 - 19900 + 30200

x = 75,600

4 0

3 years ago

Orion Iron Corp. tracks the number of units purchased and sold throughout each year but applies its inventory costing method at

balandron [24]

Answer:

Transactions Units Unit Cost

a. Inventory, Beginning 300 $ 14

b. Purchase, April 11 950 12

c. Purchase, June 1 850 15

d. Sale, May 1 (sold for $42 per unit) 300

e. Sale, July 3 (sold for $42 per unit) 630

f. Operating expenses (excluding income tax expense), $18,200

1 and 2) When you use a periodic inventory method, cost of goods available for sale and ending inventory are the same. They differ only when you use a perpetual inventory.

ending inventory = 1,170 units

Ending inventory under FIFO:

$28,350 - $11,760 = $16,590

Ending inventory under LIFO:

$28,350 - $13,710 = $14,640

Ending inventory under weighted average:

$28,350 - $12,555 = $15,795

3) total units sold = 930 units

COGS under FIFO:

(300 x $14) + (630 x $12) = $11,760

COGS under LIFO:

(850 x $15) + (80 x $12) = $13,710

COGS under weighted average:

($28,350 / 2,100) x 930 = $12,555

4) Income statement under FIFO

Sales revenue $39,060

COGS ($11,760)

Gross profit $27,300

Operating expenses ($18,200)

Operating income $9,100

Income statement under LIFO

Sales revenue $39,060

COGS ($13,710)

Gross profit $25,350

Operating expenses ($18,200)

Operating income $7,150

Income statement under weighted average

Sales revenue $39,060

COGS ($12,555)

Gross profit $26,505

Operating expenses ($18,200)

Operating income $8,305

6) FIFO minimizes operating income, therefore, minimizes income tax expense.

4 0

3 years ago