Answer:
(i) $14,000
(ii) $32,000
(iii) $10,000
Explanation:
Cost of the machine that is recorded in the books of accounts is the total cost incurred to make the machine useful and useable.
Cost for each machine:
= amount paid for the assets + installation costs + renovation cost prior to use.
Therefore,
Cost of Machine A = 11,000 + 500 + 2,500
= $14,000
Cost of Machine B = 30,000 + 1,000 + 1,000
= $32,000
Cost of Machine C = 8000 + 500 + 1500
= $10,000
Answer:
Net foreign lending would be equal to <u>$4 billion</u>.
Explanation:
This can be computed using the formula for computing the total output of an open economy as follows:
Y = C + G + I + NX .................................. (1)
Where;
Y = Total Output = $35 billion
C = Desired consumption = $15 billion
G = Government purchases = $10 billion
I = Desired investment = $6 billion
NX = Net foreign lending = ?
Substituting the values into equation (1) and solve for NX, we have:
$35 = $15 + $10 + $6 + NX
$35 - $15 - $10 - $6 = NX
NX = $4 billion
Therefore, net foreign lending would be equal to <u>$4 billion</u>.
Answer:$5600
Explanation:
The FIFO inventory system is an inventory system where the inventory purchased first is the first to be sold.
If 800 units are sold, the inventory sold would be calculated as:
$6 × 400 = $2,400
$8 × 400 = $3200
=$5,600
Answer:
A, discharged
Explanation:
Since the speech to be seen is cancelled well ahead of the due date, then the contract between Ralph and Susan is discharged. There is no more speech to listen to and as such Susan can have her apartment back.
Cheers.
