Answer:
correct option is a) $441,000
Explanation:
given data
Cash payments = $455,000
beginning accounts payable = $64,000
ending accounts payable = $50,000
solution
we use here T account equation and get accrual-basis purchases that is
ending accounts payable = beginning accounts payable + Accrual purchases - Cash payments .......................1
put here value we get
$50,000 = $64,000 + Accrual purchases - $455,000
solve it we get
Accrual purchases = $441,000
so correct option is a) $441,000
Other things equal, if more firms enter a monopolistically competitive industry the demand curves facing existing firms would shift to the left. The correct option among all the options that are given in the question is the first option or option "a". The situation is bound to become more price elastic and thsi has already happened and so it is a proved condition.
Answer:
Classifications :
- Direct Costs
- Indirect Costs
- Product Costs
- Period Costs
- Variable Costs
- Fixed Costs
Reasons for classifying costs :
- Inventory valuation
- Profit Measurement
Explanation:
The first step in Cost Classification if to Identify the Cost object.The Cost object is the unit or entity for which determination of cost is required.
By observing the cost accumulating on the cost object we would identify two types of costs :
- Direct Cost - Costs that can be traced on the cost object
- Indirect Cost - Costs that can not be directly traced on the cost object
Another category used to classify costs is whether or not they will be included in product valuation.
- Product Cost - Attached to Product and included in valuation
- Period Cost - Not attached to product and thus not included in product valuation
Lastly the Costs Behaviors bring about different classifications as follows :
- Variable Costs
- Fixed Costs
- Semi-fixed Costs
- Semi - Variable Costs
Using the internal rate of return method, a conventional investment project should be accepted if the internal rate of return is equal to or greater than the discount rate.
The internal rate of return is a method of calculating the rate of return on an investment. The term internal refers to the fact that the calculation excludes external factors such as base rates, inflation, cost of capital, or financial risk. This method can be applied after the fact or before.
Internal rate of return (IRR) is a metric used in financial analysis to estimate the potential return on investment. IRR is the discount rate that drives the net present value (NPV) of all cash flows to zero in a discounted cash flow analysis. The calculation of IRR is based on the same formula as NPV.
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