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kipiarov [429]
3 years ago
8

Bubba is a shrimp farmer. In an ironic​ twist, Bubba is allergic to​ shellfish, so he cannot eat shrimp. Each day he has a​ one-

ton supply of shrimp. The market price of shrimp is $ 10 comma 700 per ton. a. What is the value of a ton of shrimp to​ him?
Business
1 answer:
attashe74 [19]3 years ago
6 0

Answer and Explanation:

In the absence of sufficient information about the expenses and other factors, which related to money, we have to consider market price as the value of shrimp.

The value of Shrimp is $10,700 per ton because, In this scenario, we have only market rate to consider the value of shrimp.

Therefore $10,700 is the price of 1-ton shrimp.

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Larkspur Industries acquired two copyrights during 2020.
denpristay [2]

Answer:

1st copyright will not be reported on balance sheet.

2nd copyright will be reported on balance sheet.

Dr Copyright (Intangible Asset) $34,000

Cr Cash $34,000

Explanation:

<u>1st Copyright</u>

If an intangible asset is internally generated, none of its costs are capitalized.

<u>2nd Copyright</u>

Acquired copyright is reported on balance sheet as an intangible asset. Company may include only outright purchase costs in the acquisition cost of an intangible asset; the acquisition cost does not include cost of internal development.

Only recognized intangible assets with finite useful lives are amortized. Recognized intangible assets having indefinite useful lives are not amortized.

3 0
2 years ago
The amount of inspection needed depends on ________ and ________. the cost of the item being inspected; the use of the item bein
Anna [14]

Answer:

The correct answer is letter "D": the costs of inspection; the costs of passing on defective items.

Explanation:

It is said that as long as a business target to develop its <em>quality control</em> frequently, the lesser that company will depend on <em>inspection</em>. Inspection is a critical assessment of materials, products or structures that require evaluating, testing and measuring. Inspectors take measurements and make comparisons. The amount of inspection needed directly relies on <em>the cost of the inspection</em> and the <em>costs of passing on defective items</em>.

6 0
3 years ago
The number of customers that enter a store during one day is an example of
navik [9.2K]

Answer:

b. a discrete random variable

Explanation:

The number of customers that enter a store during one day is an example of a discrete random variable. This is because you cannot predict the number of individuals that will enter a store at any given day, but it can only be a maximum quantity since the store can only accommodate so many individuals in a single day, thus making it a discrete random variable.

7 0
2 years ago
On July 15, 2021, the Nixon Car Company purchased 2,100 tires from the Harwell Company for $40 each. The terms of the sale were
SOVA2 [1]

Answer:

The journal entries are shown below:

Explanation:

The journal entries are shown below:

On July 15

Purchases (2,100 × $40)      $84,000

          To Accounts Payable    $84,000

(Being the purchase is recorded)

On July 23

Account payable $84,000

           To Purchase discount  $2,520   ($84,000 × 3%)

            To Cash $81,480

(Being the payment is recorded)

On August 15

Account payable $84,000

   To cash $84,000

(Being the payment is recorded)

7 0
3 years ago
A loss is when what happens?
alukav5142 [94]
You lose something or lose a bet, or a video game
5 0
3 years ago
Read 2 more answers
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