The salvage value applied in this case is B. $20,000.
For year 3, the depreciation amounts to $80,000 calculated using the sum of the Years' Digits method on an asset with a purchase price of $500,000 and a useful life of 8 years. The salvage value taken into account for the depreciation calculations stands at $20,000.
Net worth is calculated as total assets minus total liabilities.
The total assets are
325,000 + 750 + 15,000 + 8,000 + 2,100
which equals 350,850.
Concerning total liabilities, we calculate
245,000 + 9,000
for 254,000.
Thus, net worth is evaluated as
350,850 - 254,000
resulting in 96,850.
I hope this helps!
The gross profit method of inventory valuation is invalid under the circumstance where the gross margin percentage experiences significant changes throughout the year.
Answer:
export products with a greater labor-to-land ratio than those imported from Honduras
Explanation:
According to the factor proportions theory (also known as Heckscher-Ohlin model), nations tend to export goods that utilize their plentiful production factors. For instance, nations such as Japan, which have a high availability of labor and capital but limited land, typically manufacture and export industrial items that are labor- and capital-intensive. In contrast, countries like Argentina with ample labor and land resources tend to export agricultural goods.
Specifically, when comparing El Salvador to Honduras, El Salvador possesses a surplus of labor, meaning its exported products to Honduras will exhibit a greater labor-to-land ratio, attributed to the labor abundance.
The accurate response is option "C": class factors. American sociologist Herbert Gans, born in 1927, asserts in his book "The Levittowners" (published in 1967) following his observations of Long Island residents that demographic elements, including class, ethnicity, and culture, play significant roles in shaping neighborhood lifestyles. Of these, class is identified as the most dominant factor influencing the success of communities.
