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MrRa [10]
2 years ago
8

Gunk Co. reported an asset retirement obligation on its 2019 financial statements. The present value of the liability for the as

set retirement obligation at the end of 2019 was $393. The company's discount rate is 8%. What is the amount of accretion expense Gunk will record in 2020 related to the asset retirement obligation
Business
1 answer:
iVinArrow [24]2 years ago
4 0

Answer:

$31.44

Explanation:

The accretion expense each year will be calculated as = Present value of the Asset retirement obligation at the end of the previous year * Discount Rate

Hence, the amount of accretion expense Gunk will record in 2020 related to the asset retirement obligation

= $393 * 8%

= $31.44

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The La-Z-Boy furniture company collects information about a wide variety of competitive, economic, political, legal and regulato
Stells [14]

Answer:

b) environmental scanning.

Explanation:

Environmental scanning -

It is the study that helps the organization to identify the threats and opportunities in the ecosystem to form new objectives and strategies in order to improve the performance in the industries .

It refers to the utilization and collection of the information regarding the trends , relationships and events of an industry and the usage of the knowledge for creating the objectives and strategies to future .

This process require the person working for the organization to search for important lessons m threat and weakness and opportunities .

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7 0
3 years ago
When calculating turnover of property plant & equipment and receivables, which item from the income statement do we use? Ope
saw5 [17]

The term used from the income statement to calculate turnover is (b) Sales

<h3>How to determine the term?</h3>

The turnover of property plant & equipment and receivables is calculated using

Turnover = Sales ÷ Average Inventory

The dividend in the above equation is Sales

Hence, the term used from the income statement is (b) Sales

Read more about turnover at:

brainly.com/question/25623677

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4 0
2 years ago
A restaurant that offers food made exactly to each customer's preference is providing __________ utility.
Ilia_Sergeevich [38]
The answer is form utility
7 0
3 years ago
As a group, oligopolists earn the highest profit when they a. achieve a Nash equilibrium. b. produce a total quantity of output
Hunter-Best [27]

Answer: The correct answer is "c. produce a total quantity of output that falls short of the Nash-equilibrium total quantity."

Explanation:  When oligopolists act together, it is called collusion. Collusion refers to cooperation between different companies. Companies collude in some way to establish prices and production levels. In this way, they can act as monopolists and establish a high price and a level of production that does not reach the total amount of Nash equilibrium which produces the maximum benefit as a group.

8 0
3 years ago
If farmer Sam MacDonald can produce 200 pounds of cabbages and no potatoes or no cabbages and 100 pounds of potatoes and if he f
jek_recluse [69]

Answer:

Your answer is 2

Explanation:

I did 200 divided by 100 to get 2

Yw and pls mark me brainiest

4 0
2 years ago
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