Iron ore, sugar, grains (rice & wheat)
Initial cost = $197,000
Total net accounting income over three years = $18,200+$21,800+$22,900 = $62,900
Average annual accounting net income = $62,900/3 = $20,966.67
Accounting rate of return = Average net annual income / Initial cost = 20,966.67/197,000 = 0.106 = 10.6%
Since Accounting net income is lower than the required discount rate, the project is not viable.
Answer:
c. All are correct.
Explanation:
Variable costs depend on the number of units produced, if production drops to zero, all associated variable costs also drop to zero; options b and d are correct.
Fixed cost remain the same with changes in the production volume. Therefore, even if Bev's Bags produced no bags, fixed cost of thread would stay the same; option a is correct.
Therefore, all are correct.
Answer:
Explanation:
Mike insurance company will pay = 0.9 of 400 = $ 360
Answer:
All accounts and their balances at a particular date
Explanation:
The trial balance is the total of the all accounts belong to the income statement, retained earnings, balance sheet. Also their debit and credit balance are totalled and equalled to each other
So as per the given options, all other options except the above one are wrong as it represent to the particular statement i.e. totally incorrect
Therefore the above represent the answer
