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3 years ago

Logging and fishing are two occupations belonging to which economic sector?

1 answer:

7 0

Logging and fishing are two occupations belonging to the primary economic sector.

The primary economic sector refers to jobs that are harvesting products from the earth for materials and food. Hunting, farming and mining are some other examples of primary economic sector positions.

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Casey Motors recently reported the following information:

alexira [117]

Company's Economic value added amount is (-$275,000)

Let understand that Economic Value Added is basically, an estimate of the company's economic profit

The formulae for deriving Economic Value Added = $NOPAT - {Cost of Capital * Capital employed}$

Let understand that NOPAT means Net operating profit after tax. NOPAT = EBIT (1 - Tax)

Suppose EBIT = x

EBIT - Interest - Tax = Net Income

(x - 200,000) - 0.25*(x - 200000) = 475,000

x - 200,000 = 475,000/0.75

x = 833333.33

Now, EBIT = $833,333.33

Then we calculate NOPAT = EBIT (1 - Tax)

NOPAT = 833,333.33 * (1 - 0.25)

NOPAT = $625,000

Then, we calculate Economic Value Added

EVA = $625,000 - 0.10*$9,00,0000

EVA = $625,000 - $900,000

EVA = ($275,000)

In conclusion, the amount of the Company's Economic value added is a negative of $275,000.

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6 0

2 years ago

Wasson Company reported the following year-end information: Beginning work in process inventory $ 35,000 Beginning raw materials

Dennis_Churaev [7]

Answer:

cost of work in process= $890,000

Explanation:

Giving the following information:

Beginning work in process inventory $ 35,000

Beginning raw materials inventory 18,000

Ending work in process inventory 38,000

Ending raw materials inventory 15,000

Raw materials purchased 560,000

Direct labor 210,000

Manufacturing overhead 120,000

To calculate the total cost of work in process, we need to use the following formula:

cost of work in process= beginning WIP + direct materials used + direct labor + allocated manufacturing overhead - Ending WIP

Direct materials used= beginning inventory + purchases - ending inventory

Direct materials used= 18,000 + 560,000 - 15,000= 563,000

cost of work in process= 35,000 + 563,000 + 210,000 + 120,000 - 38,000= 890,000

4 0

3 years ago

Sasha's new company has told her that she will be required to move at her own expense in two years. What should she consider bef

mihalych1998 [28]

the answer is: d. The expense of selling the home when she leaves the city.

The expense of selling the home would reduce the amount of money that she eventually made after home is sold. If, the expense took too much percentage from the selling price, sasha would be better of renting her current house instead.

4 0

3 years ago

Read 2 more answers

After the first two entries in the closing process have been recorded and posted, the debits and credits to Income Summary are $

Dafna1 [17]

The answer is $10,000 net loss.

Given,

The debits and credits to Income Summary are $90,000 and $80,000, respectively.

An income summary is also known as an Income statement.

The debit side of this statement contains the expense for the period.

And the credit side of this statement contains the income for the period.

Therefore, according to the given information expenses are $90,000 and income is $80,000.

Since expenses incurred are greater than the income generated. There is a net loss for the current period.

The amount of the net loss will be calculated as follows:

Net loss = Amount of expenses - Amount of income

= 90000 - 80000

= $10,000

Hence, the amount of net loss for the period is $10,000.

Learn more about Income summary:

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6 0

1 year ago

Cedric Company recently traded in an older model of equipment for a new model. The old model’s book value was $252,000 (original

vfiekz [6]

Answer:

Explanation:

General Journal

Dr Cr

Equipment - new 348,000

Accumulated depreciation 300,000

Cash 68,000

Equipment - old 552,000

Gain 28,000

Workings:

Equipment – new ($280,000 + 68,000) = $348,000

Gain ($280,000 – 252,000) = $28,000

7 0

3 years ago