The cost of renting the skies at a local sporting goods store is given and we have to find the suitable equation which supports the given data.
Given
cost of renting is $15
Per day cost $20
<h3>Fixed and Fluctuating cost</h3>
The renting cost is $15 and is a fixed cost which will remain constant i.e. $15 , no matter you rent skies for how many days.
The cost per day for renting skies is a fluctuating cost and it will change with the change in number of days.
The equation should be
where;
$20 is the price per day
d represents the number of days
$15 is the rental price
Therefore the equation that models the relationship between the total cost to rent, c, and the length of the rental in days, d is "" and OPTION C is correct.
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Answer:
see explanation
Explanation:
The most they should invest on January 1, 2020 is called the Present value Amount. Thus calculate the Present Value.
Answer:
Option (a) is correct.
Explanation:
Here, shoes are normal goods as there is a positive relationship between the income level of the consumer and the quantity demanded for shoes. It can be seen that as the income of the consumer increases from $19,000 to $21,000 then as a result the quantity of pairs of shoes demanded increases from 9 to 11 pairs. Normal goods are generally have positive income elasticity of demand.
Therefore, the shoes are normal goods in this case.
Answer:
$2,468,000
Explanation:
LIFO reserve = “Allowance to Reduce Inventory to LIFO” = the difference between the inventory method used for internal reporting purposes and LIFO.
LIFO effect = the change in the Allowance balance from one period to the next = the adjustment that companies must make to the accounting records.
Dr Cost of Goods Sold $168,000
($486,000- $318,000)
Cr Allowance to Reduce Inventory to LIFO $168,000
$2,300,000 +$168,000 =$2,468,000
Therefore the amount that Bramble should report as Cost of Goods Sold in the 2018 income statement is $2,468,000