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FinnZ [79.3K]
3 years ago
10

What best determines whether a borrower’s interest rate on an adjustable rate loan goes up or down? a fixed interest rate a bank

's finances a market's condition a person's finances
Business
2 answers:
kolbaska11 [484]3 years ago
9 0

Answer:

C : Market Condition

Explanation:

brilliants [131]3 years ago
4 0

Answer:

market condition

Explanation:

I took the edg

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On January 15, 2017, Vern purchased the rights to a mineral interest for $3,500,000. At that time it was estimated that the reco
Dominik [7]

Answer:

Vern's depletion deduction is  $175000

Explanation:

given data

mineral interest = $3,500,000

recoverable units = 500,000

mined = 40,000 units

sold = 25,000 units

depletion rate = 22%

to find out

Vern's depletion deduction

solution

we get here depletion expense that is

depletion expense = \frac{cost - salvage\ value}{estimate\ no\ units} * number\ of\ unit\ extracted      ...........................1

put here value we get

depletion expense = \frac{3500000 - 0}{500000} * 25000  

depletion expense = $175000

and

percentage depletion = $800,000 × 22%

percentage depletion = $176000

we know that % depletion method is not accept as IRS for certain natural resources

so we use depletion method is use here

Vern's depletion deduction is  $175000

4 0
3 years ago
Please label the following statements regarding child labor as true or false. International trade is a key cause of child labor.
Nataliya [291]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

4 0
3 years ago
he journal entry for adjustment of overallocated manufacturing overhead includes a​ ________. A. credit to Manufacturing Overhea
QveST [7]

Answer:

C. Credit to Cost Of Goods Sold

Explanation:

Over allocation refers to the scenario of assigning more than actual manufacturing overhead costs. This means profits would be understated in such a scenario and costs overstated.

The journal entry for adjustment of overallocated manufacturing overheads is:

Manufacturing Overheads A/C                           Dr.

      To Cost Of Goods Sold A/C

(Being rectification entry for over allocated manufacturing overheads recorded)

Cost of Goods Sold is an expense and expenses are debited. A credit to such an account reduces it's balance as in the case above.

4 0
3 years ago
In 2020, Metlock Corporation had net cash provided by operating activities of $569,000, net cash used by investing activities of
Mashcka [7]

Answer:

See below

Explanation:

The cash balance as at the end of December 31 2020 is the net cash provided by operating activities, less net cash used by investing activities plus net cash provided by financing activities plus the beginning cash balance as at January 1, 2020

Net cash provided by operating activities = $569,000

Net cash used by investing activities = $988,000

Net cash provided by financing activities = $595,000

Beginning cash balance = $331,000

Closing cash balance = $569,000 - $988,000 + $595,000 + $331,000

Closing cash balance = $507,000

3 0
2 years ago
In 2021, due to a change in marketing forecasts, Barney Corporation reduced the projected life of its patent for producing round
Nikitich [7]

Answer: unaffected

Explanation:

We should note that a retrospective adjustment isn't necessarily needed when there's an alternation to a accounting estimate.

With regards to this Barney's retained earnings as of December 31, 2021, would neither be understated or overstated but would be unaffected.

8 0
3 years ago
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