Which of the following best

Last weekend, Bob attended the university football game. At the opening kickoff, the crowd stood up. Bob therefore had to stan

Tatiana [17]

Answer:

a non-cooperative game strategy, where participants independently choose their strategy to maximize their payoffs.

Explanation:

From the question, we are informed about Bob, who attended the university football game last week . At the opening kickoff, the crowd stood up. Bob therefore had to stand up as well to see the game. In this case, Bob was participating in a non-cooperative game of strategy, where participants collectively choose their strategy to maximize their joint payoffs. Non-cooperative game strategy can be regarded as the rational ways economic agent relate with each other so that their goals can be achieved. In this game both the available strategies as well as the outcome from various choices will be listed.

6 0

3 years ago

.Andrea sold a piece of machinery she used in her business for 9 months. The amount realized was $50,000 and the adjusted basis

Vinvika [58]

Answer:

Realized loss = $5000

Explanation:

The adjusted basis is the net cost of an asset after it has had depreciation deductions and/or capital expenditure increments. In other words, its actual worth at that particular point in time.

The amount realized is the fair market value and the sum of any money received at the sale of an asset.

A realized gain or loss is the difference between the amount realized from the sale of the asset and the asset's adjusted basis on the time of its sale. A positive figure proves to be a gain and a negative figure proves to be a loss. In other words, when an asset is sold for a price higher than what it is actually worth at the time of sale, it is a realized gain whilst if it is sold for a price lower than what its net cost is, it is a realized loss.

In this case,

$50,000 - $55,000 = $(5000)

There is a realized loss for Andrea of $5000 on the sale of this machinery.

8 0

3 years ago

Economists call pensions "defined benefits" plans, because:

xxMikexx [17]

Answer:

The correct answer is letter "B": pensions have traditionally been set as a fixed nominal dollar amount per year at retirement.

Explanation:

Pensions are retirement plans employees enroll during their working years. There are different types of pensions being the most common the 401(k), Individual Retirement Account (IRA), and Roth IRA each one with particular features. What all of them have in common is that they allow retired individuals to receive a fixed stream of income per year after they officially stop working. Therefore, that is the reason why economists call pensions as "defined benefits" plans.

4 0

3 years ago

On October 1, 2018, Northern Inc. purchased a patent for $204,000 cash. Although the patent gives legal protection for 20 years,

baherus [9]

Answer:

$183,600

Explanation:

Since the expected useful life of the patent is only 10 years, instead of 20 years, its cost should be amortized in 10 years. That means that for every year that passes, Northern has to amortize $20,400 (= $204,000 / 10). Only one year passed between September 30, 2019 and October 1, 2018, so the patent's account on the balance sheet is $183,600 (= $204,000 - $20,400).

6 0

3 years ago

The following is an account for a production department, showing its costs for one month: Work in Process Inventory Beginning Ba

Keith_Richards [23]

Answer:

$2,160

Explanation:

Total costs = Beginning Balance + Direct materials + Direct labor+ Overhead

Total costs = $5,400 + $21,600 + 16,200 + $10,800

Total costs = $54,000

Total transferred out = Total costs - Ending Balance

Total transferred out = $54,000 - $4,590

Total transferred out = $49,410

BGIP transferred out = Total transferred out - Assumed started and completed units cost

BGIP transferred out = $49,410 - $41,850

BGIP transferred out = $7,560

Cost to complete BGIP = BGIP transferred out - Beginning Balance

Cost to complete BGIP = $7,560 - $5,400

Cost to complete BGIP = $2,160

4 0

3 years ago