Some potential economic consequences that Richard did not consider before making his decision are:
- The cost of maintenance for used trucks.
- The cost of gasoline from the town to the nearest city.
- The location of the places that goods will be transported to and from.
<h3>What are economic considerations?</h3>
These are the factors that will affect the profitability and viability of a business.
In Richard's case, he needed to have considered various costs such as the higher cost of maintaining used trucks and the cost of gasoline that he will incur for living so far from big cities.
He also needs to consider the distance his trucks will have to travel to pick up good and deliver them.
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Answer:
Annual rate 0.017
Explanation:
Computation of the annual rate on the real bond.
Using this formula
Annual rate = Par Zero coupon inflation index/(1+r) ^Numbers of years =Inflation-indexed bond
Let plug in the formula
Annual rate=100 / (1 + r) ^10 = 84.49
Annual rate= (100 / 84.49)^1 /10 − 1
Annual rate=(1.18357)^0.1-1
Annual rate=1.016-1
Annual rate=0.017
Therefore the annual rate of return will be 0.017
Answer:
Cash; account receivable
Explanation:
The journal entry to reestablish an account previously written off is given below:
Cash Dr XXXXX
To account receivable XXXXX
(being the reestablish an account previously written off is recorded)
Here the cash is debited as it increased the assets and account receivable is credited as it decreased the assets
Answer:
Explanation:
The total equivalent units of direct materials and conversion costs for the month has been computed and attached.
Note that the conversion cost for the ending work in process was calculated as:
= $35,000 × 28%
= $35,000 × 0.28
= $9,800
Check the attachment for further analysis.
Answer:
The journal entry to record applied conversion costs for May will include a debit to raw and in-process inventory for $300,000.
Explanation:
Raw materials of all kinds are measured at the start and recorded into a list plus account, with a credit to the accounts collectible account, and a debit to the raw materials inventory account.
The accounting treatment will vary when raw materials are consumed speculating on their standard as direct or indirect materials.
Thus, the journal entry to record applied conversion costs for May will include a debit to raw and in-process inventory for $300,000.
