Answer:
$17,600 ; $29,000
Explanation:
The computation of the net income is shown below:
Based on Cash basis
= Received cash - Expenses incurred in cash - prepaid expenses
= $56,000 - $26,900 - $11,500
= $17,600
Based on Accrual basis
= Revenue earned - expenses incurred
= $64,000 - $35,000
= $29,000
The cash expenses incurred is
= $35,000 - $8,100
= $26,900
Answer:
$0.1
Explanation:
The per unit cost of a production is the sum of variable cost and fixed cost divided by the total number of units produced. The per unit cost is given by the formula:
Per unit cost = (Variable cost + Fixed cost) / Number of units produced
Variable cost = Cost of raw material = Units of raw material × Cost of each unit of raw material = 5 units × $4/unit = $20
Fixed cost = Cost of labor + Capital =(Units of capital × Cost of each unit of capital) + (Units of labor × Cost of each unit of labor) = (8 units × $3/unit) + (2 units × $10/unit) = $24 + $20 = $44
Variable cost + Fixed cost = $20 + $44 = $64
Per-unit cost of production = (Variable cost + Fixed cost) / Total output = $64 / 640 = $0.1
Answer:
maintaining equipment
shepherding tourists and luggage
socializing
setting up meals
Explanation:
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Answer:
Domestic factor mobility. refers to the ease with which productive factors like labor, capital, land, natural resources, and so on can be reallocated across sectors within the domestic economy. Different degrees of mobility arise because there are different costs associated with moving factors between industries.
Explanation: