Answer:
D. It will be valued at historical cost.
Explanation:
Building held for sale is classified as current asset and it will not be depreciated further as it will be sold in near future. It will be recorded on the lower of cost and fair market value of the building and appears on the balance sheet in current account section. So the statements is correct regarding the old building, except D. It will be valued at historical cost.
Answer:
Total equivalent units of material = 900
Explanation:
<em>Equivalent units are notional whole units which represent incomplete works are used to allocate cost to work in progress and completed units</em>
<em>Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked. </em>
Equivalent unit = Degree of completion × units
Item units Equivalent units
Completed units 600 100% × 600 = 600
Closing inventory 300 100%× 300 = <u>300</u>
Total equivalent units of material <u>900</u>
Note simply because materials are added at the beginning of the process, it is assumed that all the quantity required would have been added. Hence the degree of completion for materials is 100% .
Answer:
B: Both the US dollar and the Mexican peso will appreciate.
Explanation:
There are many causes of currency appreciation. In this context, an increase in income of American workers will result in a higher demand for local goods and foreign goods coming from Mexico. This means that the higher demand for Mexican currency by Americans to purchase Mexican goods will result in currency appreciation. The Dollar will also appreciate due to higher demand.
Answer:
17%
Explanation:
Margin of safety = (sales - sales at break-even point ) / sales × 100 = $ 800 000 - $ 664 000 / $ 800 000 × 100 = 17%
Jim is doing what is<u> legally </u>right by providing this information to Samantha and Bethany.
<h3><u>The Truth in Lending Act (TILA): What Is It?</u></h3>
A federal statute known as the Truth in Lending Act (TILA) was passed in 1968 with the intention of assisting customers in their interactions with creditors and lenders. The Federal Reserve Board implemented the TILA through a number of regulations. The act's disclosure requirements for information like the annual percentage rate (APR), the length of the loan, and the overall costs to the borrower are some of its most significant features. The borrower must be made aware of this information clearly on all documents before signing them, including occasionally on periodic billing statements.
Learn more about The Truth in Lending Act (TILA) with the help of the given link:
brainly.com/question/7696024?referrer=searchResults
#SPJ4
