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gizmo_the_mogwai [7]
3 years ago
7

Suppose that during the most recent fiscal year, the an- nual revenue of Acme Computer was 138 billion dollars and its net profi

t was 8 billion dollars, the annual revenue of Nadir Software was 87 billion dollars and its net profit was 5 billion dollars, and the annual revenue of Quixote Media was 111 billion dollars and its net profit was 13 billion dollars. Determine the truth value of each of these propositions for the most recent fiscal year.
a) Quixote Media had the largest annual revenue.
b) Nadir Software had the lowest net profit and Acme Computer had the largest annual revenue.
c) AcmeComputerhadthelargestnetprofitorQuixote Media had the largest net profit.
d) If Quixote Media had the smallest net profit, then Acme Computer had the largest annual revenue.
e) Nadir Software had the smallest net profit if and only if Acme Computer had the largest annual revenue.
Business
1 answer:
Drupady [299]3 years ago
7 0

Answer:

a) False

b) True  

c) True

d) False

e) True

Explanation:

A– Acme computer has the largest annual revenue.

B– (x˄y) = If X = Y = 1 then 1; otherwise = 0. Both parts of equation are True, then the proposition is True.

C– (x˅y) = If X = Y = 0 then 0; otherwise = 1. The first part of the equation is False, and the second part is True, then the proposition is True.

D– (x→y) = If X = 1 and Y = 0, then (x→y) = 1. The first part of the equation is False, and the second part is True, then the proposition is False.

E- (x≡y) = If X = 0 and Y = 0, then (x≡y) = 0. Both parts of equation are True, then the proposition is True.

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Regional trade agreements In the following table, indicate whether each statement about regional trade agreements is true or fal
trasher [3.6K]

Answer:

A. True

B. True

C. True

D. True

E. False

F. True

Explanation:

It is true that under regional trade agreements, several countries eliminate tariffs among themselves and lower tariffs against all other countries.

It is true that regional trade agreements are consistent with GATT's most favored nation principle. GATT is an acronym for General agreement on tarrifs and trade and most favoured nation (MFN) is a status or level of treatment accorded by one state to another in international trade. The term means the country which is the recipient of this treatment must nominally receive equal trade advantages as the "most favoured nation" by the country granting such treatment (trade advantages include low tariffs or high import quotas).

It is true that the countries in the European Union (EU) keep their own tariffs with the countries outside the EU. The EU trade agreement is basically to promote trade among EU countries, not necessarily to lower tariffs for non members.

US and China have a trade agreement which lowers tarrifs and US and Canada operate a Free Trade agreement (FTA) which seeks to eliminate all tarrifs on trade between the two countries. Therefore If China wants to sell a good to Canada, it can first export it to the United States, where the tariff is lower, and then ship it duty- free to Canada.

It is false that countries who enter into a free trade area agreement maintain a common schedule of tariffs with countries outside the agreement. The agreement does not cover trade among non members.

In customs union, rules of origin are not needed. Custom unions only considers where the good is shipped from and not the originating nation.

8 0
3 years ago
It's the end of the accounting period and no electric bill has been received (but expense has been incurred. ; you should record
Sati [7]
You should make note of the fact that no bill was received but you did make the payment. 
8 0
3 years ago
Read 2 more answers
Mendrisio Company purchased a piece of machinery for $30,000 on January 1, 2019, and has been depreciating the machine using the
aleksley [76]

Answer:

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

                                   

                                         Debit      Credit

Depreciation Expense $3,000

    Accumulated Depreciation $3,000

Explanation:

According to the given data we have the following:

Sum of year digits=5(5+1)/2

Sum of year digits=(5*6)/2

Sum of year digits=15

Depreciation for year 2019=$30,000*5/15

Depreciation for year 2019=$10,000

Depreciation for year 2020=$30,000*4/15

Depreciation for year 2020=$8,000

Therefore, book value as on january 1, 2021=$30,000-$10,000-$8,000

book value as on january 1, 2021=$12,000

Revised useful life=6 years-2 years=4 years

Therefore, Revised depreciation for 2021=$12,000/4

Revised depreciation for 2021=$3,000

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

                                   

                                         Debit      Credit

Depreciation Expense $3,000

    Accumulated Depreciation $3,000

3 0
3 years ago
At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following informatio
baherus [9]

Answer:

                               Job 765        Job 766

Direct material         $5,670          $8,900

Direct labor              $3,500          $4,775

Overhead                 $5,400          $8,800

                                (27*200)        (44*200)

Total Job cost          $14,570        $22,475

b) Cost per unit  = Total job cost/unit produced

Job 765 = $14,570/152 units

Job 765 = 95.86

Job 766 = $22,475/250 units

Job 766 = 89.90

8 0
3 years ago
In 1895, the first Putting Green Championship was held. The winner’s prize money was $220. In 2016, the winner’s check was $1,46
ad-work [718]

Answer:

(i) 7.54%(Approx).

(ii) $8,995,138.42(Approx).

Explanation:

Given that,

Winner’s prize money = $220

In 2016,

Winner’s check = $1,460,000

We use the formula:

A=P(1+\frac{r}{100} )^{n}

Where ,

A=future value

P=present value

r=rate of interest

n=time period.

n = 2016 - 1895

  = 121

(a)

1,460,000=220(1+\frac{r}{100} )^{n}

(\frac{1,460,000}{220})^{\frac{1}{121} }=(1+\frac{r}{100})

(1+r/100) = 1.075440035

r = (1.075440035 - 1) × 100

 = 7.54%(Approx).

(b)

n = 2041 - 2016

  = 25

A=P(1+\frac{r}{100} )^{n}

A=1,460,000(1+0.075440035)^{25}

         = 1,460,000 × 6.161053698

         = $8,995,138.42(Approx).

4 0
3 years ago
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