Answer:
7 pounds
Explanation:
Let us assume the x for the 1 pound of bluegrass seed and y for the pound of drought resistant seed
Now the first equation would be
x + y = 25 ............................ (i)
we can write
y = 25 - x
Now the second equation would be
2x + 3y = 68 .............................. (ii)
Now put y value in the equation 2
So
2x + 3(25 - x) = 68
2x + 75 - 3x = 68
x= 7
Therefore the bluegrass seed is 7
Now for drought-resistant it would be
7 + y = 25
y = 18
Answer: A) Fair value of the asset(s) given up.
Explanation:
Non-monetary exchange occurs when non-financial assets are exchanged in a transaction. Recording this transaction is based on the fair value of the assets exchanged and the recording is usually done in one of 3 ways being,
1. At the fair value of the asset transferred in exchange for it with a gain or loss on the exchange being recorded.
2. At the fair value of the asset received, if the fair value of this asset is more evident than the fair value of the asset transferred in exchange for it.
3. At the recorded amount of the surrendered asset, if no fair values are determinable or the transaction has no commercial substance.
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Answer:
$2,000 and it is favourable
Explanation:
Direct material quantity variance is defined as the efficiency with which materials are converted into products. It is calculated by multiplying standard price of material by the difference between standard quantity and actual quantity used.
Standard price (SP)= $2.50
Standard quantity (SQ)= 30,000 units
Actual quantity (AQ)= 29,200 units
Material quantity variance = SP * (SQ - AQ)
Material quantity variance= 2.50 * (30,000 - 29,200)
Material quantity variance= $2,000
Answer:
See Explanation section
Explanation:
For T-Accounts, Match the color to see the transactions easily.
For others, the following images are the original answers.
Rose & Co can withhold their <u>working papers</u> and <u>partially completed work.</u>
"Working papers" are preliminary documents that show the information gathered and the information behind the reports that are generated.
