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Law Incorporation [45]

2 years ago

4

Currently, the most valued penny is the 1909 S VDB penny. It was minted in San Francisco and only 484,000 were minted with the i

nitials on the back. In 2015, the S VDB penny in uncirculated condition is worth $3,200. When will it be worth $15,000?

1 answer:

Llana [10]2 years ago

7 0

Answer:

2019

Explanation:

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A department store has budgeted sales of 12,800 men's coats in September. Management wants to have 6,800 coats in inventory at t

BigorU [14]

Answer:

Dollar amount of purchases is 1,228,400.

Explanation:

Total purchase of suits is equal to Inventory at the end plus sales minus inventory at the beggining.

Inventory at the beggining is 4,800
Inventory at the end (management desire) = 6,800
Budgeted sales = 12,800
Purchase of suits = 6,800 + 12,800 - 4,800 = 14,800

The explanation is if i have 4,800 units at the beggining, and i want to sell 12,800, i will need to purchase the difference (8,000 units). Plus the existence needed at the end, 8,000 + 6,800 = 14,800.

The cost per unit is $83, so the total cost is 14,800 * 83 = 1,228,400.

8 0

2 years ago

Chocolotto, a chocolate manufacturer, displays a brown dot in a brown square symbol, instead of a green dot in a green square sy

Naddika [18.5K]

Answer: social requirements

Explanation: In simple words, social requirements refers to the steps and precautions that a firm should take for operating their business efficiently in an environment.

The Indian community consist of a large number of vegetarians having religious sentiments that do not allow them to eat non veg. Thus, it is necessary for the firm to properly communicate them the presence of animal based ingredients in the product.

5 0

2 years ago

On January 1, 2017, a subsidiary sold equipment to its parent for $520,000. The subsidiary's original cost was $200,000 and as o

Mnenie [13.5K]

Answer:

C. $340,000

Explanation:

Compute the Subsidiary's Unrealized Profit

This will help to determine, this will help us get the amount by which the Equipment Account will be reduced.

First, we calculate the Unrealized profit made on selling of the equipment

The equipment was sold for $520,000

The original cost to the Subsidiary was $200,000.

Furthermore, the Accumulated Depreicaiton of the Asset = $20,000

The Net Book Value of the Equipment = Cost - Accumulated Depreciation

The Net Book Value = $200,000 - $20,000 = $180,000

The Profit on Sale of the Equipment

= Sales Value - The Net Book Value

= $520,000 - $180,000 = $340,000

7 0

2 years ago

KFC in Japan altered the sweetness of its coleslaw to appeal to Japanese tastes. This is an example of which type of global mark

polet [3.4K]

Answer:

c.Product customization

Explanation:

What is Product customization?

Its a type of strategy that companies implement to attarct more customers. It usually implies the modification of designs, uses and/or characteristics of their items to satisfy the customer’s needs or desires.

This policy has the benefit of giving the company the opportunity to stand out from the competitors by fine-tuning items and services. Therefore the company gains a bigger portion of market share

In this case, KFC, altered their global formula in order to gain more acceptance in the Japanese market

7 0

2 years ago

The Baldwin Company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. The exp

Svet_ta [14]

Answer:

b. $4,908,000

Explanation:

According to the FASB GAAP, the straight line method is used in this given question which is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($40,900,000 - $4,090,000) ÷ (15 years)

= ($36,810,000) ÷ (15 years)

= $2,454,000

In this method, the depreciation is same for all the remaining useful life

For two years, the accumulated depreciation would be

= Annual year depreciation × number of years

= $2,454,000 × 2 years

= $4,908,000

7 0

2 years ago