Answer:
Explanation:
Let the number of days per year that the company will need the equipment in order to justify its purchase b represented by x.
Based on the information given, this will then be:
1130x + 180x = 199000(A/P, 10%,10) - 65000(A/F, 10%, 10), + 32000 + 220x
1310x = 199000(0.1627) - 65000(0.0627) + 32000 + 20x
1310x - 20x = 32377.3 - 4075.5 + 32000
1290x = 60301.8
x = 60301.8/1290
x = 46.75
Therefore, the answer is 46.75 days.
Answer:
True
Explanation:
Equity is the owner's interest in a business. It is made up of the owners' contribution plus any gains or losses realized from the business.
Equity is increased by additional capital or when the business makes a profit. It decreases when the owner makes some drawings or when the business incurs losses.
Equity accounts include drawing because they reduce equity. Revenue account increases profits and capital and expenses accounts that reduce equity.
The person that owns the property is : The living twin.
<h3>What is joint tenancy ?</h3>
Joint tenancy can be defined as the process in which two or more people jointly own a property.
Hence, the living twin owns the property based on the fact that in joint tenancy If one of the owner dies the property will be giving to the remaining owner which means that you cannot give the property to another person in your will.
The complete question is:
A property owner owned a tract of commercial property that he conveyed in joint tenancy to his twin sons as a birthday present. Unfortunately, a few years after the conveyance, the property owner and his sons had a serious falling out over how to run the family business. The property owner no longer wished the sons to control valuable commercial property, and so he demanded that they return the deed with which he conveyed the property to them. The sons returned the deed, and the property owner destroyed it. A few months later, one of the twins learned that he was seriously ill and not likely to live much longer. He executed a quitclaim deed conveying "any interest I have in the commercial property conveyed to me and my brother from my father" to his daughter. The twin who conveyed the property subsequently died.
Who owns the property?
A. The living twin.
B. The property owner.
C. The living twin and the deceased twin's daughter as tenants in common.
D. The living twin and the deceased twin's daughter as joint tenants.
Learn more about joint tenancy here:brainly.com/question/12932972
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That statement is false.
Variable cost is the type of cost that incurred everytime a product is being produced. In flexible budget, the total budget will be adjusted to the amount of changes in volume or activity, which make the variable cost pretty much the same even though the activity is declined
<u>Calcualtion of Cost of goods manufactured:</u>
(Note: It is assumed that the Cost of Material used is equal to the Cost of Material Purchased $234,000)
Total manufacturing cost = Cost of Material used + Direct labor costs + Allocated manufacturing overhead costs
Total manufacturing cost = 234,000+180,000+260,000 = $674,000
It is also assumed that there were no beginning or ending work in process inventory, that means Total manufacturing cost shall be equal to Cost of goods manufactured.
Hence, Cost of goods manufactured = <u>$674,000</u>