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3 years ago

One year of college tuition at a state school is about the same cost as a toyota camry. this is an example of:

Business

2 answers:

Galina-37 [17]3 years ago

7 0

Correct option: real value

The real value is the value of something (any product or service) in terms of other product or service while Nominal value is the value of something in terms of money. Here the value of college tuition which is a service is equal to the cost of Toyota Camry which is a product. Since the value of a service is equal to the value of a product, this is an example of real value.

soldier1979 [14.2K]3 years ago

3 0

I think the correct answer from the choices listed above is the first option. One year of college tuition at a state school is about the same cost as a toyota camry. This is an example of real value. It is nominal value adjusted for inflation. Hope this answers the question.

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The following totals for the month of April were taken from the payroll register of Durbin Company. Salaries $12,000 Social secu

Katarina [22]

Answer:

debit to payroll tax for $798

Explanation:

From the given information:

The following totals for the month of April were taken from the payroll register of Durbin Company.

Salaries $12,000

Social security and Medicare taxes withheld 550

Employees federal income taxes withheld 2500

Medical insurance deductions 450

Federal unemployment taxes 32

State unemployment taxes 216

The objective is to determine the journal entry to record the payroll tax expense on April 30

Let;s recall that for taxes charged in employers; the following taxes will be considered:

Social security and Medicare taxes

Federal unemployment taxes

State unemployment taxes

Thus;

The journal entry to record the payroll tax expense on April 30 can be prepared as:

Account Debit Credit

Payroll tax expense 798

Social security and Medicare taxes 550

Federal unemployment taxes 32

State unemployment taxes 216

Hence;

The journal entry to record the payroll tax expense on April 30 would include a debit to payroll tax for $798

4 0

3 years ago

Boxer Inc. reported inventory at the beginning of the current year of $360,000 and at the end of the current year of $411,000. I

Lerok [7]

Answer:

9.75

Explanation:

4 0

3 years ago

Wildhorse Corporation enters into a 6-year lease of equipment on December 31, 2019, which requires 6 annual payments of $40,100

olga55 [171]

Answer:

31-Dec-19

Dr. Lease receivables $ 180,498

Cr. Sales revenue $180,498

Dr. Cost of goods sold $ 170,000

Cr. Inventory $ 170,000

Explanation:

The lease is recorded on the present value of all the payment to be made in the future.

We will use the present value of annuity formula

Present value of Lease = P [ ( 1 - ( 1 + r )^-n ) / r ]

where

P = annual payment = $40,100

r = implicit rate = 11%

n = numbers of payments = 6 payments

Placing values in the formula

PV of Lease = $40,100 x [ ( 1 - ( 1 + 11% )^-6 ) / 11% ] = $169,645

Now calculate the present value of guarantee residual value

PV of guarantee residual value = $20,300 x ( 1 + 11%)^-6 = $10,853

Fair value of lease = Present value of Lease payment + Present value of guarantee residual value

Fair value of lease = $169,645 + $10,853 = $180,498

Cost of equipment will be recorded in the cost of goods sold and Inventory as well.

We will pass two separate journal entries first to record the lease receivable and second to record the cost of the equipment.

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3 years ago

An example of an intermediate good will be:

OlgaM077 [116]

Answer:

b. steel purchased by the aircraft manufacturers.

Explanation:

An intermediate good is a producer good or semi-finished good that is used as an input in the production process in the manufacturing of other goods such as finished goods. An example of an intermediate good in the options given above will be steel that is purchased by the aircraft manufacturers. Steel is a partly finished good used in producing aircraft, as a final or finished good.

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3 years ago

Motivation consists of being enthusiastic, energized, and engaged to achieve a goal or objective. The three basic elements of mo

Vlad1618 [11]

Answer:

The statement is: True.

Explanation:

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3 years ago

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