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3 years ago

Use the following table for the problem below.

Business

1 answer:

baherus [9]3 years ago

6 0

Answer:

No option is correct:

A. Larry offers Curly 1 ping-pong ball for 1/4 of a hat.
B. Curly offers Larry 1 hat for 3 ping-pong balls.
C. Curly offers Larry 1 hat for 4 ping-pong balls.
D. Larry offers Curly 1 ping-pong ball for 1/3 hat.

In order for Curly to win and Larry lose, Curly must offer 1 hat in exchange for 6 or more ping-pong balls.

Option A: Larry wins 1 ping-pong ball.
Option B: Larry wins 2 ping-pong balls.
Option C: Larry wins 3 ping-pong balls.
Option D: Larry wins 0.13 of a hat.

Explanation:

Opportunity costs are the benefits lost or extra costs associated to choosing one investment or activity over another alternative.

In this case, Larry can either have 1 hat or 5 ping-pong balls. Curly can have 1 hat or 2 ping-pong balls.

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On November 1, 2021, Sandhill Co. places a new asset into service. The cost of the asset is $84000 with an estimated 10-year lif

Aneli [31]

Answer:

$7,200

Explanation:

According to the scenario, computation of the given data are as follows,

Total cost = $84,000

Salvage value = $12,000

Estimated life = 10 years

So, we can calculate depreciation expense by using following formula,

Depreciation yearly = (Total cost - Salvage value) ÷ Estimated life

= ($84,000 - $12,000) ÷ 10

= $72,000 ÷ 10

= $7,200

7 0

3 years ago

Jeters Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 120 $5

HACTEHA [7]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

June 1:

Inventory: 120 units for $5= $600

June 12:

Purchase: 370units for $6= $2,220

June 23:

Purchase: 200 units for $7= $1,400

June 30:

Ending Inventory 230 units

Units sold= 460

Under FIFO method, the first units-in are the first to go out. Therefore, the ending inventory has the value of the last units purchased.

Inventory= 200*7 + 30*6= $1,580

COGS= 120*5 + 340*6= $2,640

Under LIFO method, the lasts units-in are the first out.

Inventory= 120*5 + 110*6= $1,260

COGS= 260*6 + 200*7= $2,960

Under the average cost method, we calculate an average buying price and then calculate the ending inventory and cost of goods sold:

Average price= (5 +6 +7)/3= 6

Inventory= 230*6= $1,380

COGS= 460*6= $2,760

The highest ending inventory is from FIFO method.

8 0

3 years ago

Indicate which activities of Stockton Corporation violated the rights of a stockholder who owned one share of common stock. (You

Vlada [557]

Answer and Explanation:

The explanation is as follows;

a. In this, the corporation has violated the right to sell off the stock.

b. Here no rights of the shareholder would be violated as the stockholder do not have the interfere right

c. Here the right is violated with respect to the purchase their proportional common stock share prior made available to the public

d. Here also the right is violated for receiving the timely financial reports

e. Here no rights of the stockholder is violated because the common stockholder is paid at the last when the creditors payment has been done

6 0

3 years ago

Vicky and Lee vacation in Cancun, Mexico, every year. They purchased the right to stay in a beach condo for the first two weeks

Crank

Answer:

The answer is timeshare

Explanation:

A timeshare is a way for a number of people to share ownership of a property. Timeshare is fractional ownership in a vacation property. Each buyer usually purchases a certain period of time in a particular unit. Almost all timeshares are resort or vacation properties.

6 0

3 years ago

Suppose that the US Federal Reserve Board was able to confirm that the US economy is in the brink of a recession, operating at a

neonofarm [45]

Answer:

a.) To combat recession the federal reserve board can adopt expansionary monetary policy. The fed can reduce the cash reserve ratio.

b.) The aggregate output and price is going to increase in short run. In the long run though economy will be operating at equilibrium level.

Explanation:

With the decline in the cash reserve ratio the total reserves with the banks will increase. This will boost credit credit creation. As the money supply in the economy increases the aggregate demand will increase. This will further lead to increase in price and output level.

In the medium term, the aggregate supply will also increase though not as much as demand, so there will be excess of demand. The price level will rise further.

In the long run though output will always be at the equilibrium level.

3 0

3 years ago