This action is a violation of Cost Principle or Historical Cost Concept.
<h3>What is Historical Cost Concept?</h3>
The historical cost principle states that a company or business must account for and record all assets at the original cost or purchase price on their balance sheet and not at its market price.
The historical cost principle forms the foundation for an ongoing trade-off between usefulness and reliability of an asset.
Thus, if the modern enterprises reported all assets in the accounts at current market value. This action is a violation of Cost Principle or Historical Cost Concept.
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Answer:
C. $0.11
Explanation:
When there is excess capacity and there are no incremental fixed costs the break even transfer price would be the marginal cost of production. This is the least transfer price the Bells can sell to Rattle without making a loss. The most likely transfer price then would be $0.11 which allows the bells to cover their costs and also make 1 cent in profits. Option A, B and D would all be making losses where as Option E and F are two steep a price and may be unprofitable for rattle.
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Answer:
D. Although sales tax rates remained unchanged, the government's revenue from sales taxes increased considerably this year
Explanation:
If revenues froms sale tax have increased, then, consumption has increased too. A sales tax is a form of consumption tax, hence, consumption and revenues from this tax are correlated, and are directly proportional. This would weaken Tabitha's argument if true.
I think the answer us purchase
Answer: After 50 minutes the bell is at a depth of 2000 ft so we can find the average rate by
2000/50 =40 ft per minute.
We ignore the 400 ft in 12 minutes because that is included when we take out the average at 50 minutes and adding it in would be an error of doubly entry.
Explanation:
