Answer: $38,410,000
Explanation:
When recording investments in fixed assets, it is best to use the market value at the time.
The market value of the land will therefore be the relevant cost here.
Initial investment in fixed assets = Market value of land + Cost to build plant + Cost of grading
= 7,700,000 + 29,300,000 + 1,410,000
= $38,410,000
Correct/Complete Question:
The answers to an economy's three central economic problems are determined by the interaction of three forces: economic forces, political forces, and social forces. True or False
Answer:
True
Explanation:
The above forces, economic, political and social determine the answers to the three economic problems and also determines how economic forces operate in an economy. The three economic questions are;
- What goods and services should be produced?
- How should these goods and services be produced?
- Who consumes these goods and services?
Political forces are forces that influence the economic and political stability of the market. Social forces include cultural influences on the economic stability of the market. Economic forces on the other hand are the factors that determine/influence the competitiveness of the market in which a firm operates.
I hope this helps.
Answer:
umm I don't really understand the question
Explanation:
a
Answer:
9.60; 10.62
Explanation:
In 2016:
Average accounts receivables:
= (Beginning accounts receivable + Ending accounts receivable) ÷ 2
= (37,500 + 40,800) ÷ 2
= 39,150
Accounts receivable turnover = Net sales ÷ Average accounts receivables
= $376,000 ÷ 39,150
= 9.60
In 2017:
Average accounts receivables:
= (Beginning accounts receivable + Ending accounts receivable) ÷ 2
= (40,800 + 43,000) ÷ 2
= 41,900
Accounts receivable turnover = Net sales ÷ Average accounts receivables
= $445,000 ÷ 41,900
= 10.62
