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Elena-2011 [213]
3 years ago
13

500 divided by 2/3 = 500 * blank = blank feet please help me

Business
1 answer:
irina [24]3 years ago
7 0

Answer:

500 divided by 2/3 = 500 * 3/2= 750

Explanation:

You have to interchange the fraction 2/3. The denominator becomes the numerator and vice versa.

2/3 becomes 3/2

500 divided by 2/3 = 500 * 3/2

500 divided by 2/3 = 750

500* 3/2 is the same as 500 x 1.5 = 750

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For each scenario, decide whether it creates a producer or a consumer surplus. Then, calculate the ensuing surplus.
Gnom [1K]

Answer:

Alice's consumer surplus =  $5

Jeff's consumer surplus = $16

Nicole's producer surplus = $1

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of a good.

Consumer surplus = willingness to pay - price of the good

Producer surplus is the difference between the price of a good and the least price the producer is willing to accept

Producer surplus = price of the good - least price the producer is willing to accept

Alice's consumer surplus = $30 - ($35 - $10) = $5

Jeff's consumer surplus = $20 - [$16 - (0.75 x $16)] = $16

Nicole's producer surplus = $501 - $500 = $1

5 0
3 years ago
Richard suspects his supervisor of unethical accounting practices. However, hedoes not want to lose his job if he reports the su
Jobisdone [24]

Answer: The employee reporting the unethical behavior can do so anonymously.

Explanation:

Richard can make use of the anonymous user account to report his supervisor's unethical behavior, that way the company can be made aware of the supervisor's wrong behavior and Richard's identity would be kept safe that way he doesn't loss his job.

7 0
3 years ago
obinson Company had a net deferred tax liability of $34,000 at the beginning of the year, representing a net taxable temporary d
ZanzabumX [31]

Answer:

Robinson's deferred income tax expense or benefit for the current year would be $6,700

Explanation:

The computation of the deferred income tax expense or benefit for the current year is shown below:

= Deferred tax expense - adjustment of tax based on the tax rate

where,

Deferred tax expense = (Favorable temporary differences - unfavorable temporary differences) × corporate tax rate

= ($50,000 - $20,000) × 21%

= $6,300

And, the adjustment of tax equals to

= Net taxable temporary difference × (Tax rate - corporate tax rate)

= $100,000 × (34% - 21%)

= $13,000

Now put these values to the above formula  

So, the value would equal to

= $6,300 - $13,000

= $6,700

6 0
3 years ago
IBC stands for A None of the above B Idea Basics for Certifications C Industry Based Certification D Introductory Business Certi
Feliz [49]
C industry based certificate
3 0
3 years ago
For each of the following unrelated situations, calculate the annual amortization expense and prepare a journal entry to record
Montano1993 [528]

Answer:

(a) Debit Amortization expense - Patents for $43,750; and Credit Patents for $43,750.

(b) Debit Amortization expense - Patents for $5,230; and Credit Patents for $5,230.

(c) Debit Amortization expense - Franchise for $14,000; and Credit Franchises for $14,000.

Explanation:

(a) A patent with a 10-year remaining legal life was purchased for $350,000. The patent will be commercially exploitable for another eight years.

Annual amortization expenses = Purchase cost of the patent / Number of commercially exploitable years = $350,000 / 8 = $43,750

Therefore, the journal entries will look as follows:

General Journal

<u>Description                                             Debit ($)            Credit ($)    </u>

Amortization expense - Patents             43,750

Patents                                                                                43,750

<u><em>(To record patent amortization.)                                                           </em></u>

(b) A patent was acquired on a device designed by a production worker. Although the cost of the patent to date consisted of $52,300 in legal fees for handling the patent application, the patent should be commercially valuable during its entire remaining legal life of 10 years and is currently worth $400,000.

Annual amortization expenses = Legal fees / Remaining legal life = $52,300 / 10 = $5,230

Therefore, the journal entries will look as follows:

General Journal

<u>Description                                             Debit ($)            Credit ($)    </u>

Amortization expense - Patents             5,230

Patents                                                                                 5,230

<u><em>(To record patent amortization.)                                                           </em></u>

(c) A franchise granting exclusive distribution rights for a new solar water heater within a three-state area for five years was obtained at a cost of $70,000. Satisfactory sales performance over the five years permits renewal of the franchise for another three years (at an additional cost determined at renewal).

Annual amortization expenses = Cost of acquiring the franchise / Number of years acquired = $70,000 / 5 = $14,000

Therefore, the journal entries will look as follows:

General Journal

<u>Description                                             Debit ($)            Credit ($)    </u>

Amortization expense - franchise           14,000

franchise                                                                               14,000

<u><em>(To record franchise amortization.)                                                           </em></u>

4 0
3 years ago
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