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xeze [42]
2 years ago
10

Land is considered a resource because it...

Business
2 answers:
Citrus2011 [14]2 years ago
5 0
Is used to produce things.
Eduardwww [97]2 years ago
4 0

land is considered a resource because it : is used to produce things.


For example, in agricultural sector, land is used as a place to Grow the plants that became the material of the product such as canned food, whole foods, fast foods, etc.

On manufacturing sector, it used as an area to build the factory that produce various things such as clothing, automobiles, etc.



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Kosher Pickle Company acquires all the outstanding stock of Midwest Produce for $15.0 million. The fair value of Midwest's asset
JulsSmile [24]

Given Information:

Fair value of consideration paid = $15 million

Fair value of Midwest's assets=$11.9 million

Fair value of  Midwest's liabilities=$1.7 million

Required Information:

Amount paid for goodwill = ?

Answer:

Amount paid for goodwill = 4.8 million

Explanation:

The amount of goodwill can be calculated by

Amount of goodwill = Fair value of consideration paid - Fair value of net identifiable assets

The Fair value of net identifiable assets is found by

Fair value of net identifiable assets = Fair value of Midwest's assets - Fair value of Midwest's liabilities

Fair value of net identifiable assets = 11.9 - 1.7

Fair value of net identifiable assets = 10.2 million

Therefore, the amount paid for goodwill is

Amount paid for Goodwill = 15 - 10.2

Amount paid for Goodwill = 4.8 million

7 0
3 years ago
All of the transactions of Harding Trading Co. for the year have been journalized and posted. The following information has been
Solnce55 [7]

Answer:

supplies expense  500 debit

supplies  500 credit

--to record supplies --consumed--    

insurance expense  100 debit

prepaid insurance  100 credit

--to record expired --insurance    

depreciation expense  1000 debit

acc. Dep. equipment  1000 credit

-to record depreication over the year--    

unearned revenue   3000 debit

service revenue  3000 credit

--to record accrued revenue from customers--    

wages expense  4000 debit

wages payable  4000 credit

--to record earned wages from emplyees--    

accounts receivables  500 debit

sales revneue  500 credit

--to record completion on services--    

Explanation:

Supplies:

900 balance less 400 at hand = 500 use of supplies during the period.

(if there was purchaseds then we should also add them to the consumed / expensed amount)

Insurance 1,200 is the value of a year we need to know the first month of December which as expired:

1,200 a year / 12 months per year = 100 per month

wages:

5,000 full week

we recognize until Thursday thus 4 days:

5,000 / 5 days per week = 1,000 per day

1,000 per day x 4 days = 4,000 accrued wages and salaries

rest are selft-explanatory and there is no calculation needed

4 0
3 years ago
How could the government fight inflation?
OlgaM077 [116]
I say it would be B. Raise taxes
4 0
3 years ago
Canadian logging companies sell timber in the United States. To the U.S., the timber is a(n)_____, and for Canadians, the timber
klemol [59]

Answer: import; export

Explanation:

Canadian logging companies sell timber in the United States. To the U.S., the timber is an import, and for Canadians, the timber is an export.

An import is a good that is brought into a country and sold from another country while an export is a good that a country sells to other country. Timber is a export to the United States since it's brought from Canada.

3 0
3 years ago
You have just received notification that you have won the $1.4 million first prize in the Centennial Lottery. However, the prize
Arada [10]

Answer:

Present value = $6404.20

Explanation:

Data provided in the question :

Amount of the Centennial lottery prize won = $1.4 million = $1,400,000

Time after which the amount will be received, n = 70 years

Discount rate, r = 8%

Now,

the present values is given as:

\textup{Present value}=\frac{\textup{Principle amount}}{(1+r)^n}

on substituting the respective values, we get

\textup{Present value}=\frac{\textup{$1,400,000}}{(1+0.08)^70}

or

Present value = $6404.20

6 0
3 years ago
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