Answer:
The $5,400 is the amount should Bad Brads BBQ record the equipment.
Explanation:
According to the Generally Accepted Accounting Principles (GAAP), the amount of asset is recorded at cost or fair market value which ever is lower.
The motive behind this is to present the financial statement in true and fair value rather than mislead values.
Since in the given question, the equipment purchase cost is $5,000 and shipping charges is $400.
So,
The total cost is = Purchase cost + shipping charges
= $5,000 + $400
= $5,400
And, the fair market value is $7,000.
By using the above explanation, the $5400 is the lesser amount than the $7,000.
Hence, the $5,400 is the amount should Bad Brads BBQ record the equipment.
Answer:
I believe that this answer is true
Explanation:
<span>Opening up to international trade would lead a country to increasing its production and specialization of goods. For example, if a country opens international trade and some factories are making a household appliance, the instructions would need to be in the trade countries languages as well as the native language. The number of household appliances made would need to be increased to meet the growing need.</span>
The lower in demand method the market price will FALL and finally, there could be a go-out by using existing corporations.
An economic concept that relates to a consumer's desire to buy items and services and willingness to pay a specific rate for them. A boom in the charge of a terrific or service has a tendency to decrease the quantity demanded. Demand can be defined as the amount of a commodity that a consumer is in a position and inclined to shop for, at each feasible fee, over a given period of time. critical elements of demand are amount, capability, willingness, fees, and time frame.
if a patron is hungry and buys a slice of pizza, the primary slice may have the best advantage or software. With every additional slice, the patron will become extra happy, and the application declines. In principle, the primary slice may fetch a higher rate from the patron.
The call for the feature is what describes a courting among one variable and its determinants. It describes how a lot of quantity of products is purchased at alternative costs of goods and associated goods, alternative income tiers, and opportunity values of different variables affecting demand.
Learn more about Demand here:
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