Vaughn Company signed a long-term non cancellable purchase commitment with a major supplier to purchase raw materials in 2021 at a cost of $1,001,000. At December 31, 2020, the raw materials to be purchased have a market value of $955,300. In 2021, Vaughn paid $1,001,000 to obtain the raw materials which were worth $955,300. Vaughn uses a periodic inventory system. Prepare the entry to record the purchase.

Laws corporation is considering the purchase of a machine costing $16,000. estimated cash savings from using the new machine are $4,120 per year. the machine will have no salvage value at the end of its useful life of six years and the required rate of return for laws corporation is 12%. the machine's internal rate of return is closest to (ignore income taxes) (a) 12% (b) 14% (c) 16% (d) 18%

Which of the following has the largest impact on opportunity cost

Power plants that rely on coal increase the amount of sulfur dioxide that dissolves into the air, eventually increasing the acidity of precipitation. the higher acidity of rain and snow can damage forests by making it more difficult for plants to absorb minerals from the soil. the equations below provide information about the market demand and supply of electricity. there is a constant marginal external cost of $25 per unit of electricity.d: qd= 200 – 2ps: qs=p – 10what quantity of electricity satisfies allocative efficiency in this market? a. 60b. 70c. 50d. 43.3