Answer:
b. All rocks in the Earth's crust will, at some point, be subducted and melted to create igneous rock.
Explanation:
There are 3 types of rock:
1. Igneous, wich are formed when 2 tectonic plates collide and magma goes to surface getting cold
2. Sedimentary: when many layers of preexistent rocks produce pressure and heat by weigth melting the rocks.
3. Metamorphic: a new rock is formed by chemical and/or physical reaction over preexistent rocks
Sedimentary and metamorphic would be subducted in order to produce new igneus rocks.
Answer:
cannot sue John for the extra $250 asJohn made the promise to him based on past consideration.
Explanation:
When Gerald was helping John build the garage, there was no agreement between them on payment for services. After the two weeks John made the promise to pay Gerald.
This is not a binding promise as John is paying Gerald at his own discretion as a past consideration, since no contract was agreed between them.
Gross Domestic Product (GDP) of a country is the total market value of all the finished products in that country. It is calculated on an annual basis but can be calculated on quarterly basis also. It acts as an indicator of the growth of economy of a country.
GDP includes only final goods and services. It does not include the second hand products, transfer payments and financial transactions.
Answer: (d) ALL OF THE ABOVE
Answer:
(US)$136,36
(CA)$154
NO
NO
Explanation:
Hi, to answer the first question we have to divide the price of the textbook in Canada $150(CA) by $1.10.( since (CA) $1.10 = (US) $1.00.)
U.S. price of the textbook purchased in Canada: 150/1.10 = (US)$136,36
Canadian price of the textbook purchased in the U.S: $140 x 1.10 = (CA)$154
Taking shipping costs into account, (US) $5.00 if we purchase the book in the U.S. and sold in it Canada, it will cost:
$154(CA) + (5(US) X 1.10 ) = 154 (CA) +5.5 (CA)= $159.5(CA)
The textbooks are likely to be purchased in Canada directly, because they are cheaper ( $159.5(CA) >$150(CA))
Taking shipping costs into account, if we purchase the book in the Canada and sold in it the US, it will cost:
$136 + $5 = $141
The textbooks are likely to be purchased in the USA directly, because they are cheaper ( $141(US) >$140(US))
Answer:
$35,000
Explanation:
An asset is said to be impaired when the carrying amount is more than the recoverable amount. The recoverable amount is the higher of the value in use which is the present value of the future cash flows expected from the use of the asset and the fair value less cost to sell of the asset.
The amount of impairment to be recognized is the difference between the book value of the asset and the fair value. This will ensure that the asset is not carried at an amount higher than it's fair value.
Impairment loss
= $160,000 - $125,000
= $35,000
