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3 years ago

In economics, the term "capital" refers to

1 answer:

5 0

In economics the term ""capital" refers to buildings and equipments.
The term capital has many definition according to the subject, it is changed in every field. In economics production has three factors and the term capital is one of the factor of production. Other factors of production are land and labor, together all three factor makes the production.

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Which of the following statements about scholarships is not true

Artemon [7]

I hope this helps ,and i hopes it's right!

B, this answer is correct,

my reason being is because Scholarships are based off of things that you can do in school or sports, and they do not give them out because you can beat box or burp loud.

5 0

4 years ago

Read 2 more answers

If beginning inventory (bi purchases (p - ending inventory (ei = cost of goods sold (cogs, an equivalent equation can be written

Tomtit [17]

I had to look for the options and here is my answer:
Based on the one presented above, we can say that the equivalent equation can be written like this: BI + P = COGS + EI. BI refers to the beginning inventory and P is the purchases. The COGS is the cost of goods sold. EI is the ending inventory. Hope this helps.

3 0

3 years ago

Read 2 more answers

A bank is thinking about building a new branch. They think this new branch will generate 20 percent of the business of the bank

ivanzaharov [21]

Answer: 12.6%

Explanation:

The bank's expected standard deviation after adding this branch will be calculated thus:

= (Total invested in new branch × Expected rate of return) + (1 - Investment in new branch) × Other assets

= (0.2 × 0.15) + (1 - 0.2) × 0.12

= 0.03 + 0.8 × 0.12

= 0.03 + 0.096

= 0.126

= 12.6%

Therefore, the bank's expected standard deviation after adding this branch is 12.6%.

3 0

3 years ago

The following information concerns the intangible assets of Epstein Corporation: On June 30, 2021, Epstein completed the acquisi

Fittoniya [83]

Answers:

a. Acquisition of cost of corporation = $2,420,000

Less: Fair value of net identifiable assets = $2,050,000

Cost of good will = $370,000

Note: Goods will is not amortized

b. Cost of patent purchase = $91,200

Legal life = 13 years

Estimated useful life= 8 years

Ammortization = Cost / Estimated useful life

= $91,200/8 years

=$11,400

Ammortization per annum is $11,400

Patent is purchased on 30/6/2021

Calculation of amortization for 6 months periods

Amortization for 6 months (July-December)= $11,400 * 6/12

=$5,700

Note: Amortization should be amortized on basis of their amortized value that is, 8 years.

c. Calculation of amortization cost for franchise

Cost = $250,800

Life=11

Purchased on 1/10/2021

Amortization = Cost / Estimated useful life

= $250,080/11

=$22,800

Amortization per annum is $22,800

Calculation of the amortization for 3 month period=

Amortization of 3 month (Oct-Dec.) = $22,800 * 3/12

=$5,700

d, Journal Entries Debit$ Credit$

Amortization Expenses 5,700

Patent 5,700

(To record the amortization expenses)

Amortization Expenses 5,700

Franchise 5,700

(To record the amortization expenses)

e. Partial Balance Sheet

Assets $ $

Current Assets

Long term Assets

Tangible assets 2,050,000

Intangible assets

Goodwill 370,000

Patent 91,200

Less: Accumulated Depreciation 11,400 79,800

Franchise 250,800

Less: Accumulated Depreciation 22,800 228,000

6 0

3 years ago

Jamar used to work as an office manager, earning $40,000 per year. He gave up that job to start a life-coaching business. In cal

Eva8 [605]

Answer:

B) opportunity costs.

Explanation:

The $40,000 salary that Jamar gave up are part of his opportunity costs.

Opportunity costs are the costs (or benefits lost) from choosing one activity or investment over another alternative.

When you calculate the economic profit of a new project you must include all the implicit or opportunity costs that you incur or lose due to the new project:

economic profit = accounting profit - implicit costs

7 0

3 years ago