Answer: the correct answer is A. $500
Explanation:
Amount realized is the amount received from the sale of an asset. The money received for Roberta is $500.
Answer:
3,000 physical units in the production
Explanation:
Given that,
Oxford started work on 3,000 units during the period
Units were 70% of the way through manufacturing
Therefore,
Physical units in the production = 3,000 units
Equivalently units of production is as follows:
= 70% of Physical units in the production
= 0.7 × 3,000 units
= 2,100 units
Hence, it would be correct to say that the company has 3,000 physical units in the production.
Answer:
c. There is greater potential for high yield over a longer period
Explanation:
Answer:
The correct option is A, Samantha weed and Adam will rake because these are the goods each has a comparative advantage in.
Explanation:
The opportunity formula comes handy in this case, which is given below:
opportunity cost formula=what one sacrifices/what one gains
If Samantha were to weed flower beds, opportunity cost is computed thus:
Opportunity cost of Samantha weeding flower beds=8/4= 2 bags of leaves raked
The opportunity of Adam weeding flower beds=25/5 =5 bags of leaves raked.
In a nutshell ,if Samantha weeds flowers they would lose 2 bags of leaves raked while if Adam were to do so same, they would lose 5 bags of leaves raked, conclusively Samantha should weed flower beds since she has lower opportunity, higher comparative advantage
Answer:
Flip Flop Inc can still treat Interests as Interest expense and treat penalties as Fees, dues, and subscriptions.
Explanation:
Interest expense is a non-operating expense shown on the income statement. It represents interest payable on any borrowings – bonds, loans, convertible debt or lines of credit. It is essentially calculated as the interest rate times the outstanding principal amount of the debt
Penalties can be categorized under deductible expenses called Fees, dues, and subscriptions.
Levies and other fees paid to an accountant or bank; memberships fees to professional organizations, subscriptions to industry publications and funds paid as penalties are all deductible.
