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enyata [817]
3 years ago
11

Q 2.16: according to the historical cost principle, if an asset costs $50,000 when it was purchased, it would be recorded at its

________ over the time the asset is held.
Business
1 answer:
liq [111]3 years ago
4 0
According to the historical cost principle, if an asset costs $50,000 when it was purchased, and the one who purchased it still owns the asset today, it will have a higher value than $50,000. If the interest rate is assumed to be 5% for 5 years, the asset will be recorded as $63,814.08.
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Quito contracts with Rewind Graphix, Inc., to pay $5,000 for its work on the animated film "Song." After Rewind performs, they s
inessss [21]

Answer:

Rewind can sue Quito under the legal obligations of the accord between them.

Explanation:

It is our legal right to sue a person if he or she is not fulfilling the requirements of an agreement or accord as it was mutually signed and accepted by the both parties.

In our case, as Quito and Rewind Graphix both signed an accord in which the Quito promises to pay Rewind $4000 within 10 days but as he didn't respected the accord. Now, Rewind Graphix can sue him for not fulfilling the requirements of the accord.  

4 0
3 years ago
A demand curve for the steel porcupines' concert tickets would show the:
AlladinOne [14]
<span>A demand curve represents the relation between different prices of a commodity and its varying quantities purchased by people at different prices. As a general rule, the more the price, the less the demand. In the scenario described in the question, the demand curve shows the number of tickets that will be purchased at various prices. Ticket is the commodity here and the people who purchase the tickets represent demand.</span>
4 0
3 years ago
Which of the following are present value methods of analyzing capital investment proposals? a. internal rate of return and avera
Dmitriy789 [7]

Answer:

C) Net present value and internal rate of return

Explanation:

Of the methods discussed, cash payback and average rate pf return does not take into account the time value of money. Cash payback and ARR basically only use the cash flows and profits in relevance to the investment.

Net present value as the name suggests, discounts these cash flows and then subtracts the initial outlay costs and Internal rate of return also discounts the project cash flows so that they equal zero. Thus these two are the options that take into account the time value. IRR often is calculated by discounting cash flows at different rates until the NPV = 0.

Hope that helps.

8 0
3 years ago
Proponents of the notion of a "political business cycle" suggest that: 
A. The standardized budget is a better indicator of the
andreyandreev [35.5K]

Answer:

C. A possible cause of economic fluctuations is due to the use of fiscal policy for political purposes.

<em>Explanation:</em>

<em>During political business cycles the ups and downs of the economy are best explained through analyzing public policy. In a political business cycle we should expect that there will be some manipulations when using policy to try to make the politicians appear more competent than they are. In 1972, the Nixon administration basically increased the Social Security payments made to Seniors by 20%, 1972, was of course an election year, so the Nixon administration manipulated economic fluctuations due to his fiscal policy.</em>

<em />

4 0
3 years ago
The process of setting aside money and putting it to work by having it earn interest or dividends or gain value in the equities
Kisachek [45]

Answer:

Saving and investing.

Explanation:

Savings is basically putting aside current money for future use. Investing is committing money to make profit over period of time.

4 0
3 years ago
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