FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

how is this question being solved ? 9. At the end of the year a firm sells an item of inventory for 180. The item

image text in transcribedhow is this question being solved ?

9. At the end of the year a firm sells an item of inventory for 180. The item was bought for 120 at the start of the year & replacement cost is 150. General inflation has been 5%. What is the real financial capital maintenance adjustment? a. 0 b. 6 c. 24 d. 30 ANSWER: b

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Alaskas Permanent Fund Dividend Examining Its Suitability As A Model

Alaskas Permanent Fund Dividend Examining Its Suitability As A Model

Authors: K. Widerquist, M. Howard

2nd Edition

0230112072, 9780230112070

More Books

Students also viewed these Accounting questions

Question

★★★★★
Kruz Co. purchases a machine for $10,400, terms 1/10, n/60, and FOB shipping point. The seller prepaid the $235 freight charges, adding the amount to the invoice and bringing its total to $10,635....

Answered: 1 week ago

Question

★★★★★
10. When using an STD, what three basic things must be defined?

Answered: 1 week ago

Question

★★★★★
Danai and Bill each have a die and throw it simultaneously. If both dice land on an even number, the game ends. If not, they continue with another round of each throwing their die. (i) What is the...

Answered: 1 week ago

Question

★★★★★
Easy Use Electronic Center began October with 80 units of inventory that cost $57 each. During October, the store made the following purchases: Easy Use uses the periodic inventory system, and the...

Answered: 1 week ago

Question

★★★★★
Carrie is a single taxpayer who is under 65 and in good health. For 2020, she has a salary of $25,000 and itemized deductions of $7,000. Q1/ How much is Carrie's adjusted gross income? [ Select ]...

Answered: 1 week ago

Question

★★★★★
XYZ Company sold merchandise for $30,000 on credit. The cost of goods sold was $18,000. Subsequently, $2,000 of goods were returned by customers. Requirements: a. Prepare the journal entry to record...

Answered: 1 week ago

Question

★★★★★
It is typical for stakeholders to seek to minimize risk in construction projects. One way owners may do this is by selecting the appropriate project delivery system and the right team for the...

Answered: 1 week ago

Question

★★★★★
Imagine you are in your kitchen making "Buttered Toast". Identify an example of each of the seven wastes that are often present (observed personally) within this process, and how they could be...

Answered: 1 week ago

Question

★★★★★
Mental health ( e . g . , nurse, veterans ) ( how to make an infrastructure that can help people who are suffering from job / life stress ) Feasibility: how your idea is financially and legally...

Answered: 1 week ago

Question

★★★★★
1. Imagine that you are the chief executive or equivalent in a company which has operations across the globe, and that you plan to introduce best practice supply chain management into the...

Answered: 1 week ago

Question

★★★★★
28. A Veteran is feeling ill on vacation and wants to be seen at the Orlando VA. The veteran currently receives care at the VA in Jackson, MD. When the Veteran arrives at the

Answered: 1 week ago

Question

★★★★★
Would you want to work in a company with a culture like Huaweis? Why or why not?

Answered: 1 week ago

Question

★★★★★
Do you think it is possible to sustain such a culture as leaders change? Why or why not?

Answered: 1 week ago

Question

★★★★★
How might the border tax impact Mexican workers and what responsibility does GM have to them? Should a global company care more about its home-country workers than host-country workers?

Answered: 1 week ago

Previous Question Next Question