A new business should be based on an entrepreneur's individual interests because the entrepreneur must

When depreciation is computed for partial periods under a decreasing charge depreciation method, it is necessary to?

tatuchka [14]

Decide depreciation expense for the entire year and afterward customize the cost between the two-time frames included. Depreciation is the procedure by which an organization apportions an advantage's cost over the term of its valuable life. Each time an organization readies its money related explanations, it records a devaluation cost to allot a bit of the cost of the structures, machines or gear it has obtained to the current monetary year.

4 0

2 years ago

A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a

rusak2 [61]

The initial effect on the lettuce market is (C) a decrease in the supply of lettuce.

<h3>What is the lettuce market?</h3>

Lettuce is divided into two types: head (iceberg) and leaf (romaine, butterhead, and leaf).
Since colonial times, lettuce has been farmed in the United States.
The ice shipping industry emerged in the western states in the early 1900s, boosting the range and appeal of lettuce.
Only potatoes outnumber lettuce salads in terms of annual consumption per capita.
In 2015, the annual consumption of all varieties of lettuce was 25.8 pounds per person, with head lettuce accounting for 51% (13.3 pounds per person).
Consumption of lettuce was about the same as in the preceding three years, but down approximately 20% from ten years before.

As a severe drought has damaged this year's lettuce crop.

Therefore, the straightforward initial effect on the lettuce market is (C) a decrease in the supply of lettuce.

Know more about the lettuce market here:

brainly.com/question/13180141

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Complete question:

A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a _____

A. decrease in the demand for lettuce.

B. rightward movement along the demand curve for lettuce.

C. a decrease in the supply of lettuce.

D. a decrease in both the demand and supply of lettuce

6 0

2 years ago

Tracy Company, a manufacturer of air conditioners, sold 270 units to Thomas Company on November 17, 2021. The units have a list

tiny-mole [99]

Answer:

See explanation section

Explanation:

Requirement 1

November 17, 2021 Merchandise Inventory Debit $81,000 (Note - 1)

Accounts payable - Tracy Company Credit $81,000

Calculation - $270 units × $400 = $108,000

$108,000 × (100 - 25)% = $81,000

To record the purchase of office equipment on account with a trade discount and a credit terms of 3/10, n/30. As the company uses perpetual inventory system, merchandise inventory is debit.

November 26, 2021 Accounts payable - Tracy Company Debit $81,000

Cash Credit $78,570

Merchandise Inventory Credit $2,430

As Thomas gave the payment within 10 days, Tracy Company provided a 3% discount according to the terms.

Calculation - $81,000 - ($81,000 × 3)% = $81,000 - 2,430 = $78,570

Requirement 2

If Thomas paid on December 15, 2021, Tracy company would not give any discount. However, Thomas paid within 30 days.

Therefore, the journal entry to record the payment is as follows:

December 15, 2021 Accounts payable - Tracy Company Debit $81,000

Cash Credit $81,000

This time he did not receive the discount as he failed to pay within 10 days to get discount.

7 0

3 years ago

I really need Brainliest please it will help me a lot

alexgriva [62]

Give me brainliest and I’ll help

7 0

2 years ago

Your grandparents would like to establish a trust fund that will pay you and your heirs $120,000 per year forever with the first

natali 33 [55]

Answer:

$4,349,590.19

Explanation:

An perpetuity is a series of equal cash flows payable for life or foreseeable future

Where the first payment is expected at a date later than year 1 , it is called and advanced perpetuity.

To determine the worth today (present value) for an advanced perpetuity, follow the steps below

Step 1:

Determine the present value (PV ) of the perpetuity as though it is a standard perpetuity

PV of standard perpetuity = A/r

r- 2.3%, A - 120,000

PV = 120,000/ 0.023

= $5,217,391.30 (PV in year 8)

Note The PV formula helps to determine the PV at a year before the first one occurs, so because the first payment is expected in year 9, the PV is ascertained to be in year 8 terms.

Step 2:

Re-discount The PV in step 1 to year 0:

PV in year 0 = Cash flow × (1+r)^(-n)

= 5,217,391.30 × (1.023)^(-8)

= $4,349,590.19

My grandparents should deposit = $4,349,590.19

7 0

3 years ago