Answer:
O increase by $48,000
Explanation:
A loss is made on disposal of an asset when the amount received from the disposal is lower than the carrying amount of the asset. The carrying amount or net book value of an asset is the difference between the cost of the asset and its accumulated depreciation.
Hence
Carrying amount = $75,000 - $20,000
= $55,000
Let the amount received on disposal be K
K - $55,000 = -$7,000
K = $55,000 - $7,000
= $48,000
This is the amount received from the disposal and it represents an increase in cash.
Answer: c. 78,000 equivalent units.
Explanation:
Equivalent units for conversion is calculated as:
= Units completed and transferred out + Equivalent ending work in process
Units completed and transferred out:
= Units started into production - Ending units
= 90,000 - 20,000
= 70,000 units
Equivalent ending work in process = 40% * 20,000 work in process units
= 8,000 units
Equivalent units for conversion = 70,000 + 8,000
= 78,000 units
Answer:
Worth of scholarship today = $1,000,000
Explanation:
<em>The value of the scholarship can be determined using the present value of a growing perpetuity. A growing perpetuity is an indefinite annual payment that increases by a constant percentage.</em>
<em>The applicable formula is given below;</em>
<em>PV = A/r-g</em>
A-annual payment one year from now - 35,000
r- interest discount rate - 9.,
g- growth rate - 5.5
The value of the gifts today
= 35,000/(0.09-0.055)
= $1,000,000
Answer:
B. Checks should be sequentially numbered and the numerical sequence should be accounted for by the person preparing bank reconciliations
Explanation:
The phrase "explicit costs" refers to a company's monetary payments to individuals who provide labor, materials, fuel, and transportation services as well as payments paid for the use of resources that belong to other people. The correct option is (a) & (c) .
<h3>What is labor specialization?</h3>
- When businesses separate their production or service process into many fixed tasks, specialization of labor, also known as division of labor, develops.
- Employees don't complete numerous tasks themselves; instead, they repeat a single step of the production process.
- The marginal-cost, average-total-cost, and average-variable-cost curves all move up.Y
What is division of labor and specialization in economics?
- When a worker is specialized, they only carry out a small number of different jobs.
- In the context of businesses, it alludes to many businesses that specialize in manufacturing various items or services.
- When a good or service is produced, various workers are assigned to distinct duties. This is known as division of labor.
Learn more about labor specialization
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