Answer:
Option (C) is correct.
Explanation:
Given that,
Cash amount loaned = $36,000
Rate of interest on note = 5%
Time period: From September 1, Year 1 to December 31, Year 1 = 4 months
Amount of Interest revenue:
= Cash amount loaned × Interest rate × Time period
= $36,000 × 0.05 × (4/12)
= $36,000 × 0.05 × (1/3)
= $599.9 or $600
There is no cash flow from operating activity in respect of loan given to another company and interest revenue accrued on loan amount.
Answer: $170,000
Explanation:
According to the historical cost concept, the original cost value of a asset (i.e. land) should be recorded in the books. The original cost refers to the cost of a asset at the time of purchasing. As per the principle of historical cost, assets are always recorded as a original cost or historical cost or acquisition cost.
But when a person sold the asset then he will consider the fair market value.
To further sell the car and make it seem more desirable, aswell as to be adding benefits constantly
Answer: variable; fixed
Explanation: In the short run, Kyoko's workers are variable inputs. This is because, the number of workers needed can be varied based on production needs, even in the short run. Examples are energy, labor etc.
Kyoko's ovens are fixed inputs. Fixed inputs are those inputs whose quantities cannot be changed in the short run by a firm as it seeks to change the quantity of output produced. Examples are equipment, land and building.
