Answer:
b. Revised to reflect the use of the new principle.
Explanation:
- As most of the changes in the account principles need to be disclosed that justifies the changes in the first set of the financial statements. That the change is made and all changes using this retrospective approach needs a prior adjustment and all chances are accounted retrospectively. Thus is revised to make use of the new principle.
Answer:
B. $3 per hour
Explanation:
Given that
Cost of air travel = $300
Time of air travel = 6 hours
Cost of bus travel = $150
Time of bus travel = 56 hours
Therefore, the extra amount paid to travel by air is
Cost of air travel - cost of bus travel
= 300 - 150
= $150.
Also, the extra time saved from air travel is
Time of bus travel - time of air travel
Given as
56 - 6
= 50 hours
Thus,
The minimum value of one's time = (extra Cost paid) ÷ (Time saved)
= $150 ÷ 50 hours
= $3 per hour
Answer:
The answer is A. This statement is true.
Answer:
$48,478
Explanation:
Calculation to determine What is the operating cash flow for this project
Operating cash flow = [$66,100 ×(1 -.35)] + [$15,750 ×.35]
Operating cash flow = [$66,100 ×.65)+5,513.
Operating cash flow = 42,965+5,513
Operating cash flow = $48,478
Therefore the operating cash flow for this project will be $48,478
Answer:
In economics, the principle of absolute advantage refers to the ability of a party (an individual, or firm, or country) to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources
(i.e : India has an absolute advantage in operating call centers compared to the Philippines because of its low cost of labor and abundant labor force.)
Explanation: