1, or 100%.
There are 12 different cards, and all 12 of them have a number greater than 0, so the probability is 12/12, which can be simplified to 1.
Economic growth in China has led to more Chinese people owning cars, which "increased demand for oil, causing oil prices to rise".
<u>Answer:</u> Option C
<u>Explanation:</u>
Economic growth resulted from efforts made by Chinese population, imports and exports, tax collection etc, which allow people to invest more in buying new goods and services. Here for example if the market of car is increasing on development of economy than oil demand will increase, and after sometime it may lead to oil crisis. It is the common understanding in economy that the thing which become more in market demand, will always face crisis within completion of one cycle.
Answer:
a.
9 recovery period years class
b.
$8,889 per year
Explanation:
a.
Buses are 9 years recovery period class , in which it is depreciated using historical method and it has 5 years GDS class life.
b.
Straight Line depreciation is a method of depreciation in which the cost of the asset net of residual value is divided over useful life.
We will depreciate this asset for only 9 years because it has 9 years class, even it will be kept for 10 years but the depreciation charged for 9 years.
Depreciation rate = ( Cost - Salvage Value ) / useful life = ($95,000 - $15,000) / 9 = $8,889
Depreciation charged in 2018 = $19,500
Answer:
The correct answer is A
Explanation:
Acquisition and Payment Cycle, also called as the PPP cycle for which the payments, purchases and payables, is mainly comprise of the two classes of the transaction. This cycle is regarding the payables and to pay off the payables with cash.
Acquisition and payment of the long lived assets, which are those assets, the business retain for at least one year. The revenue will not be included in the cycle because it is related to the payables.
Answer:
Total direct labor cost= $122,752
Explanation:
Giving the following information:
Each unit of output requires 0.77 direct labor-hours.
The direct labor rate is $11.20 per direct labor-hour.
Production budget:
October= 7,100 units
November= 6,900 units
Minimum hours= 5,480 hours
First, we need to determine the number of hours required for each month.
October= 7,100*0.77= 5,467 hours
November= 6,900*0.77= 5,313 hours
Direct labor budget:
October= 5,480*11.2= 61,376
November= 61,736
Total cost= $122,752
