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Dvinal [7]
3 years ago
7

Mumbai Inc. has prepared the following purchases budget:

Business
1 answer:
AveGali [126]3 years ago
5 0

Answer:

A) $ 77,680.

please brainlist answer

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Describe wage determination in a labor market in which workers are unorganized and many firms actively compete for the services
Kisachek [45]

The market for labor can be divided into two components, labor demand , and labor supply .

Market labor supply curves are determined more by the number of individuals who choose to supply their labor to that market than the number of hours each supplies.

So at higher wage rates relative to other markets, more people choose to supply labor in that particular market and the curve is always up-sloping.

In perfectly competitive labor and product markets, labor supply curves   always measure marginal opportunity costs. The shorter the time period will be and the more specialized the type of labor will be , the less elastic the labor supply curve will be.

To know more about labor supply curve here:

brainly.com/question/13540328

#SPJ4

4 0
2 years ago
The Constance Corporation’s inventory at December 31, 2021, was $133,000 (at cost) based on a physical count of inventory on han
GaryK [48]

Answer:

The amount should Constance Corporation report as inventory in its December 31, 2021, balance sheet is $194,920

Explanation:

Cost of sales return to be included in inventory

= [$566,000 × 15 % × (100 % - 20 %)]

= $67,920

Corporation report as inventory in its December 31, 2021 :

Inventory based on physical count                                                   $133,000

Add : Merchandise purchased shipped f.o.b                              $23,000

Less : Goods held on hand for Jess Company on consignment.   ($29,000)

Add : Cost of sales return                                                              $67,920

Corporation report as inventory in its December 31, 2021              $194,920

6 0
3 years ago
A concrete and rock crusher for demolition work has been purchased for ​$​, and it has an estimated SV of ​$ at the end of its​
patriot [66]

Complete Question:

A concrete and rock crusher for demolition work has been purchased for ​$60,000​, and it has an estimated SV of ​$10,000 at the end of its​ five-year life. Engineers have estimated that the following units of production​ (in m3 of crushed​ material) will be contracted over the next five years.

End of year    Year 1    Year 2   Year 3   Year 4   Year 5

m3                  16,000  24,000  36,000  16,000   8,000

Using the units of production depreciation​ method, what is the depreciation allowance in year three ​, and what is the BV at the end of year ​two?

Answer:

a) Depreciation allowance in year three = $38,000

b) Book value at the end of year two = $40,000

Explanation:

a) Data and Calculations:

Cost of Equipment = $60,000

Salvage Value = $10,000

Depreciable amount = $50,000 ($60,000 - $10,000)

Useful life = 5 years

Total production units over 5 years = 100,000m3

Depreciation rate = $50,000/100,000 = $0.50

Year           Calculations          Depreciation  Depreciation    Book value

                                                    Expense    Allowance

Year one = 16,000 * $0.50 =      $8,000       $8,000               $52,000

Year two = 24,000 * $0.50 =    $12,000    $20,000               $40,000

Year three = 36,000 * $0.50 = $18,000    $38,000                $22,000

Year four = 16,000 * $0.50 =     $8,000    $46,000                 $14,000

Year five = 8,000 * $0.50 =       $4,000    $50,000                 $10,000

5 0
3 years ago
The following account balances were taken from the adjusted trial balance for Urgent Messenger Service, a delivery service firm,
xxMikexx [17]

Answer:

          Urgent Messenger Service

                Income Statement

for the fiscal year ended November 30, 20Y1

                                             $                 $

Fees Earned                                       990,000

Supplies Expense                              <u>(7,150)    </u>

Gross Income                                     982,850

Less: Operating Expenses

Depreciation Expense    12,200

Insurance Expense c       5,750

Miscellaneous Expense  6,650

Rent Expense                  80,000

Salaries Expense            502,400

Utilities Expense             <u>40,000</u>

                                                          <u>(647,000)</u>

Net Income                                        <u>335,850</u>

Explanation:

Income statement shows the the income / loss of a business for the period. It measure the net value after deducting all the expenses from the all the incomes of the business.  

6 0
3 years ago
plan to buy a time-share in six years of $16,860. In order to have adequate funds to do so, the Walker want to make a deposit to
stellarik [79]

Answer:

Initial investment= $12,055.22

Explanation:

Giving the following information:

Future Value (FV)= $16,860

Number of periods (n)= 6 years

Interest rate (i)= 5.75% = 0.0575

<u>To calculate the initial investment (PV), we need to use the following formula:</u>

<u></u>

PV= FV / (1 + i)^n

PV= 16,860 / (1.0575^6)

PV= $12,055.22

4 0
2 years ago
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