Answer:
$1,813,500
Explanation:
According to IAS 16, Property, Plant and Equipment are tangible items that are held for use in production or supply of goods or services, for rental to others or for administrative purposes and are expected to be used during more than one year period.
<u>The total amount of property, plant, and equipment will be calculated as :</u>
Land $155,000
Land (held for future use) $220,500
Buildings $1,074,000
Equipment $659,000
Furniture $152,000
Accumulated Depreciation ($447,000) $1,438,000
Total $1,813,500
Answer:
The United States could trade Canada 20 pounds of food for 17 televisions.
The US receives TV at a rate of 17/20 = 0.85 which is higher than their opportunity cost therefore, making a gain
While Canada receive TV at a rate lower than their economy can produce them (0.85<0.9090) thus, also making a gain
Explanation:
US
100 television or 150 pounds of food
Opportunity cost: of TV 1.5 pounds of food
Opportunity cost of food: 2/3 of a TV
CANADA
300 televisions or 330 food
Opportunity cost: of TV 1.1 pounds of food
Opportunity cost of food: 90/99 of a TV
It is cheaper for canada to produce TV and cheaper for the US to produce food.
The answer is 17 years and 6 months.
Let P=$289,416, A=$2,500, r=0.046 (4.6%), m=12 (monthly compounding) where i = r/m, and n be the time until you run out of money. Then, i=0.046/12 = 0.038333.Using the equation P = A + A{[1-(1+i)^(1-mn)]/i}, we can derive an equation for n.
Therefore, n = (1/m)*{1-[(log(1-(i*(P-A)/A)))/log(1+i)]}. This will give n = 17.516 years or approximately 17 years and 6 months.
Answer:
$11,284 favorable.
Explanation:
With regards to the above, we need to compare the actual overhead paid with the overhead budgeted.
Actual variable overhead paid = $157,700
Budgeted variable overhead [46,940 × $3.60] = $168,984
When we compare the actual variable overhead with budgeted variable overhead, we'll have,
= $157,700 - $168,984
= $11,284 Favourable.
It is favourable because the company paid below the budgeted variable overhead.
Therefore, the variable overhead rate variance is $11,284 favourable.