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3 years ago

For the first 209 crane operators, the economic rent earned in the initial equilibrium condition is:

Business

1 answer:

LiRa [457]3 years ago

7 0

Answer:

e)$100,000

Explanation:

Generally, in an economic system, the curve of demand and supply will determine the economic pay rent. The economic pay rent will definitely increase in the first sets of crane operators such as 209 with an economic rent of $100,000. Therefore, we can conclude that the number of crane operators present in the economic system also influence the economic rent.

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An automated assembly robot that cost $400,000 has a depreciable life of 5 years with a $100,000 salvage value. The MACRS deprec

OLga [1]

Answer:

book value at the end of year 3 = $115,200

Explanation:

$\left[\begin{array}{ccccc}$Year&$Beginning&$Dep-Expense&$Acc. \: Dep&$Ending\\0&-&-&-&400,000\\1&400,000&80,000&80,000&320,000\\2&320,000&128,000&208,000&192,000\\3&192,000&76,800&284,800&115,200\\\end{array}\right]$

Year 1 Depreciation expense

400,000 x 20% = 80,000

Year 2 Depreciation expense

400,000 x 32% =128,000

Year 3 Depreciation expense

400,000 x 19.2% = 76,800

Book value = carrying value - depreciation for the year

purchase - accumulated depreciation

3 0

3 years ago

The Dogwood Technology Company managerial accountant computes the May total variance report. The budgeted fixed overhead was $ 4

Jobisdone [24]

Answer:

$750 favorable ; $200 unfavorable

Explanation:

The computations are shown below:

For fixed overhead budget variance:

= Budgeted fixed overhead - actual fixed overhead

= $47,420 - $46,670

= $750 favorable

For fixed overhead volume variance:

= Budgeted fixed overhead - standard fixed overhead cost allocated to production

= $47,420 - $47,220

= $200 unfavorable

Hence we consider all the given information

8 0

4 years ago

On May 7, Bergan Company purchased on account 10,000 units of raw materials at $8 per unit. During May, raw materials were requi

katrin [286]

Answer:

Dr Purchases/ Raw Material Inventory .......................80,000

Cr Bank/Account Payable....................................................80,000

Dr Work in Process ................................................................67,400

Cr Raw Material Inventory............................................................67,400

Explanation:

FOR PURCHASE OF MATERIAL

Dr Purchases/ Raw Material Inventory .......................80,000

Cr Bank/Account Payable....................................................80,000

Being purchase of 10,000 units of raw materials at $8 per unit

FOR MATERIAL FOR PRODUCTION

Dr Work in Process ................................................................67,400

Cr Raw Material Inventory............................................................67,400

Being materials used in production: 7,500 units at $8 per unit for job 200 and 1,480 units at $5 per unit for job 305

In relation to 'purchase of material' we debit the raw material inventory account because material is increasing and is an asset account; and we credit Bank if the materials have been paid for OR 'accounts payable', if the material has not yet been paid for.

In relation to 'requisition of material for production' we debit the raw material inventory account because material is decreasing and is an asset account; and we credit 'work in process' to assign the cost of materials to the ongoing jobs respectively.

5 0

4 years ago

Economic growth is __________.

Mila [183]

<span>Economic growth is an increase amount of services or/ and goods produced by head of population over a period of time</span>

4 0

3 years ago

On January 1, 2021, Maywood Hydraulics leased drilling equipment from Aqua Leasing for a four-year period ending December 31, 20

zlopas [31]

Answer: See explanation

Explanation:

The appropriate entries for Maywood on January 1, 2021 and December 31, 2021, related to the lease goes thus:

January 1, 2021:

Debit Right of use asset $368291

Credit Lease payment $368291

December 31, 2021:

Debit Ammortization expense $92073

Credit Rights of use asset $92073

Debit Interest expense $25780

Debit Lease payable $78220

Credit Cash $104000

The working to the above entries has been attached

6 0

3 years ago