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2 years ago

The newborn's vision is estimated to be _____ on the snellen eye examination chart. 20/20 20/200 20/600 20/1200

2 answers:

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Snellen chart is an eye chart that can be used to measure visual acuity by determining the level of visual detail that a person can discriminate. The newborn's vision is estimated to be 20/200 on the Snellen eye examination chart. This means the new born can see at 20 feet what a normal adult can see at 200 feet.

BabaBlast [244]2 years ago

3 0

The newborn's vision is estimated to be 20/200 on the Snellen eye examination chart. The Snellen eye examination chart is the chart everyone is examined on when they go to the eye doctor. This chart allows the doctor to accurately determine the vision the patient has by how clearly or not clearly they can read the chart. A newborns vision is skewed to 20/200 instead of the ideal 20/20 until their vision evens out over their lifetime.

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Food Fanatics caters meals where their cost of producing an extra meal is $25. Each of their meals is standard and sells for $20

soldi70 [24.7K]

Answer: b.Produce fewer meals and increase their profit

Explanation:

The profit maximising point for production is generally said to be the point where Marginal Revenue equals Marginal Cost. At this point, the company producing is maximising its resources and wasting nothing whilst getting the highest amount of profit they can.

If they produce at a point higher than this point then Marginal Cost will be be higher than Marginal Revenue which is not profitable. This is the situation with Food Fanatics. They are producing at a point higher than the profit maximising level because their Marginal Revenue of $20 is lower than their marginal cost of $25.

The remedy to this is to produce fewer meals to the point where Marginal Revenue equals Marginal Cost, thereby increasing their profit.

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2 years ago

On January 2, 2018, Hernandez, Inc. signed a 10-year noncancelable lease for a heavy duty drill press. The lease stipulated annu

alex41 [277]

Answer:

The below additional piece of information is missing from the question:

In its 2018 income statement, what amount of interest expense should Hernandez report from this lease transaction?

The interest expense for 2018 is $150,000

Explanation:

Interest expense for 2018 is the implicit interest 10% multiplied by the difference present value of $1,800,000 minus annual payment of $300,000.

In order to compute the interest expense,the annual payment must be deducted first since the annual payment was made at the start of the year,hence interest is only due on the net amount of $1,500,000($1,800,000-$300,000).

Interest expense=$1,500,000*10%=$150,000

8 0

2 years ago

Kit Company borrows $5 million at 12% on January 1, 2016, specifically for the purpose of financing the construction of a buildi

kakasveta [241]

Answer:

1. The amount of interest expense Kit would capitalize related to the construction of the building is $300,000.

2. The amount of interest revenue Kit would recognize is $275,000.

3. The amount of interest revenue Kit would capitalized as per IFRS (IAS 23) is $25,000.

Explanation:

1. Compute the amount of interest expense Kit would capitalize related to the construction of the building.$

Note: See part 1 of the attached excel file for the calculation of average expenses incurred for the building

Average expenses incurred for the building = $2,500,000

Interest rate = 12%

Interest expense to capitalize = $2,500,000 * 12% = $300,000

Therefore, the amount of interest expense Kit would capitalize related to the construction of the building is $300,000.

2. Compute the amount of interest revenue Kit would recognize.$

Note: See part 2 of the attached excel file for the calculation of the total interest revenue.

Amount of interest revenue = $275,000

Therefore, the amount of interest revenue Kit would recognize is $275,000.

3. Assume that Kit uses IFRS. What amount of interest would be capitalized related to the construction of the building?$

The IAS 23 Clause 12 states that to the extent that an entity borrows funds specifically for the purpose of obtaining a qualifying asset, the entity shall determine the amount of borrowing costs eligible for capitalization as the actual borrowing costs incurred on that borrowing during the period less any investment income on the temporary investment of those borrowings.

Based on the above, the amount of interest that would be capitalized related to the construction of the building can be calculated as follows:

Amount of interest revenue to capitalized as per IFRS = Interest expense to capitalize - Total interest income = $3000,000 - $275,000 = $25,000

Therefore, the amount of interest revenue Kit would capitalized as per IFRS (IAS 23) is $25,000.

Download xlsx

4 0

1 year ago

Paris operates a talent agency as a sole proprietorship, and this year she incurred the following expenses in operating her tale

Marrrta [24]

Answer:

The total deductible amount of these expenditures is $450.

Explanation:

Half of any cost of meals and entertainment to which business discussion is associated and appropriate records kept is allowed to be deducted.

Since it is only tickets to the opera with a client following a business meeting that meet this condition, 50% of the total amount of $900 which is $450 is deductible.

3 0

2 years ago

Rosalyn is a single mother with two children ages 3 and 5, and she lives paycheck to paycheck. She is trying to save money for a

marta [7]

Answer:

This question is business question so I will answer it from business perspective. The least that I can do is offer her a one year package with an advance of $50. The monthly installment along with the interest that she will pay would be:

Monthly Installment including interest = (Amount Due/12months) + (Outstanding Amount * Interest Rate) ....Eq1

So I assume the interest rate is 5% and as we know the outstanding amount is $150.

By putting the values, we have:

Monthly Installment including interest = ($150/12months) + ($150 * 5%)

= $12.5 + $7.5 = $21 per month

Now the outstanding amount for the second month = $150 - $12.5 = $137.5

Now we will use this new outstanding amount to calculate the monthly installments including the interest by putting the values in the equation 1. Similarly for the next coming months the installments would be calculated.

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1 year ago