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2 years ago

How does Reagan's evidence compare to the available

Business

2 answers:

Alex2 years ago

6 0

Answer:

Reagan’s claim that inflation rose sharply under Carter is supported by the data.

Explanation:

Correct on edg

skad [1K]2 years ago

3 0

Answer:

A.) Reagan’s claim that inflation rose sharply under Carter is supported by the data.

Explanation:

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For $20 million, Ross Adams Mining acquired a tract of land containing a large deposit of anthracite coal. Ross Adams believes t

ziro4ka [17]

Answer:

$6.25 per ton of coal

Explanation:

the depletion base = purchase cost + restoration costs

purchase cost = $20 million
restoration costs = $6 million

depletion base = $26,000,000

depletion rate per ton of coal = (depletion base - salvage value) / estimated reserves = ($26,000,000 - $1,000,000) / 4,000,000 = $6.25 per ton of coal

The depletion rate follows the same concepts as depreciation of fixed assets, but instead of using a fixed asset, you are extracting materials and decreasing the value of the deposits.

8 0

2 years ago

Accountants and Economists differ in their calculations of profits in that; a. economists consider sunk costs b. accountants c

zysi [14]

Answer:

The correct answer is letter "C": accountants consider explicit costs only.

Explanation:

Explicit costs are those necessary for the operations of the company such as wages, rent or raw materials. Implicit costs are the opportunity costs companies as a result of giving up factors such as purchases or qualified employee hires.

The accounting profit of a company is calculated by subtracting the explicit costs from the firm's total revenue. The economic profit is computed by subtracting the result of adding the explicit and implicit costs from the company's total revenue.

4 0

2 years ago

Primo Industries collected $105,000 from customers in 2022. Of the amount collected, $25,000 was for services performed in 2021.

Gala2k [10]

Answer:

Net Income for 2022 = $33000

Net Income for 2022 = $36000

Explanation:

The cash basis accounting follows that all the transactions should be recorded in the period in which cash is either received or paid out as a result of that transaction rather than in the period to which they relate to.

Thus, the Net Income for 2022 under cash basis will be,

Cash Receipts in 2022

Collections from customer 105000

Less: Cash Payments in 2020

Expenses paid (72000)

Net Income 33000

Under accrual basis, the transactions should be recorded in the period to which they relate to rather than in the period when cash is received or paid out.

Thus, net income for 2022 under accrual basis will be,

Revenue 2022 = 105000 - 25000 + 40000 = $120000

Expenses 2022 = 72000 - 30000 + 42000 = $84000

Net Income = 120000 - 84000 = $36000

5 0

2 years ago

Lomani Ltd acquired two new machines for cash on 1 January 2017. The cost of machine A was $400 000, plus GST, and of machine B,

cricket20 [7]

Answer:

2017

Machine A (Dr.) $400,000

Machine B (Dr.) $600,000

Cash (Cr.) $1,000,000

2018

Depreciation Expense (Dr.) $93,000

Accumulated Depreciation (Cr.) $93,000

2019

Depreciation Expense (Dr.) $93,000

Accumulated Depreciation (Cr.) $186,000

2020

Depreciation Expense (Dr.) $93,000

Accumulated Depreciation (Cr.) $279,000

2021

Machine C (Dr.) $420,000

Machine A (Cr.) $200,000

Cash (Cr.) $220,000

(To record trade in of machine A)

Repairs expense Machine B (Dr.) $66,000

Cash (Cr.) $66,000

(To record repairs of machine B)

2022

Depreciation Expense (Dr.) $79,450

Accumulated Depreciation (Cr.) $358,450

2023

Cash (Dr.) $300,000

Machine B (Cr.) $284,550

Gain on selling (Cr.) $15,450

Explanation:

Straight line depreciation recognize an assets carrying amount evenly over its useful life.

Straight line Depreciation = (Cost - Estimated Residual Value) / useful life

Depreciation expense for Machine A:

($400,000 - $20,000) / 10 years

= $38,000

Depreciation expense for Machine B:

($600,000 - $50,000) / 10 years

= $55,000

Depreciation expense for Machine C:

($420,000 - $20,000) / 8 years

= $50,000

Revised Depreciation of Machine B:

($314,000 - $19,500) / 10 years

= $29,450

6 0

2 years ago

Consider the following projects, X and Y where the firm can only choose one. Project X costs $600 and has cash flows of $400 in

Maksim231197 [3]

Answer:

Neither any of the projects should be accepted

Explanation:

In this question, we have to use the net present value formula which is shown below:

Net present value = Present value of all years cash flows - Initial investment

where,

The Present value of cash inflows is calculated by applying the discount rate which is presented below:

For this, we have to first compute the present value factor which is computed by a formula

= 1 ÷ (1 +rate) ∧ number of year

number of year = 0

number of year = 1

Number of year = 2

So,

Rate = 25%

For year 1 = 0.800 (1 ÷ 1.25) ∧ 1

For year 2 = 0.640 (1 ÷ 1.25) ∧ 2

Now, multiply this present value factor with yearly cash inflows

For Project A,

The present value of year 1 = $400 × 0.800 = $320

The present value of year 2 = $400 × 0.640 = $256

and the sum of all year cash inflow is $576

So, the Net present value would be equal to

= $576 - $600 = -24

And,

For Project B,

The present value of year 1 = $500 × 0.800 = $400

The present value of year 2 = $275 × 0.640 = $176

and the sum of all year cash inflow is $576

So, the Net present value would be equal to

= $576 - $600 = -24

Since in both the projects, the NPV is negative.

Hence, neither any of the projects should be accepted

4 0

2 years ago