Answer:
loss on fire and storms 710,000
insurance expense zero as the firm didn't acquire any
Explanation:
Notice it state <u><em>"if the company were to obtain insurance"</em></u> Which means it currently has none insurance.
If the firm had an insurance the amount of losses would be deducted from the insurance policy but there is none so we disclosure the entire loss as a result of the period.
Hence, we should recognize the entire loss on fire and storm damage of 710,000 during the year and no insurance expense.
Answer:
Option "C" is correct.
Explanation:
This occurs when the portion of the marginal cost curve is above its average cost curve.
Uhh like any other job it varies but uhh on average I’d say about $50,000 a year. But it ranges from 15,000 to 120,000. And the average hourly pay is like $16-$25 and hour.
Hope this helps!
Answer:
The correct answer is letter "B": It is taking deposits and progress payments.
Explanation:
Advance deposits and progress payments are the amount of money taken by an organization as part of the total amount charged for a good or service that is going to be provided. It is a form of endorsement that proves the buyer has a real intention in acquiring the good or service but also helps the organization to have immediate cash flow to pay for expenses such as the raw material that will be used for production (in the case of a good).
Answer:
''there will be at most as many POSITIVE rates...''
Explanation:
The measure of investments' rate of return which excludes external factors such as inflation is known as Internal Rate of Return(IRR)
It is used in;
(1). Savings and loans.
(2). Liabilities
(3). Fixed incomes
(4). Private equity and capital management.
(5). Maximizing total present value and so on.
It can be calculate using the formula below:
NPV= C(n)/(1+r)^n = 0
That is internal rate of return can be use in solving NPV = 0.
Therefore, 'With respect to engineering economics and the internal rate of return (IRR), Descartes’ rule of signs indicates there will be at most as many POSITIVE rates of return as there are sign changes in the cash flow profile.''