Answer:
$11,000 cost, five-year life, and $1,000 salvage value
Explanation:
given data
cost = $11,000
residual value = $1,000
estimated to be good = 5,000 hour
solution
as per the straight-line method
formula to compute the depreciation expense that is express as
depreciation expense = (Purchase value of generator - residual value) ÷ (estimated useful life) .......................1
and
here by considering here these three item
and other information that is not relevant that ignore
depreciation expense = ($11,000 - $1,000) ÷ 5 years = 2000
so $11,000 cost, five-year life, and $1,000 salvage value
Answer and explanation:
Demand elasticity measures the changes in quantity demanded as the result of changes in price. Demand elasticity is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the result is equal or higher than one (1) the product is <em>elastic </em>but if the result is lower than 1 the product is <em>inelastic</em>.
In the case, <em>as the elasticity of demand of the museum ticket is 0.45 it means the museum tickets is inelastic. This scenario implies that in front of changes of price the quantity demanded will not change. Thus, as a curator of the museum you should </em><u><em>increase the museum ticket price to increase revenue</em></u><em>.</em>
Answer:
Differential cost= $9.25
Differential revenue= $16
Explanation:
As the name suggest, differential cost is the difference between the costs of two alternative options. Now in this question, Patridge Co. has two products, PJ AND PD, <em>one of which (i.e PD) can be produced by further processing an already produced product (i.e PJ). But for the production of product D, Patridge Co. would have to incur additional cost of $9.25 per pound. </em>
The formula for differential cost is as follows;
Differential cost= total cost of alternative J - total cost of alternative D
Differential cost= $15.75 - ($15.75+$9.25)
Differential cost= $9.25
Differential revenue is similarly the difference between the revenue generated by two alternatives. In this question product J sells for $21 whereas product D sells for $37 so the differential revenue would be as follows:
Differential revenue = revenue of alternative D - revenue of alternative J
Differential revenue= $37 - $21
Differential revenue= $16
Answer:
The correct answer is the option C: Verifiability.
Explanation:
To begin with, the accounting concept of <em>"Verifiability"</em> indicates that the accounts of a company are verifiable in the cases when those accounts are reproducible so that indicates that given the same data and assumpitions it is understandable that an independent accountant can produce the same result the company actually did. Therefore that the verifiability is the concept that states that an accounting transaction should be supported by sufficient evidence to allow two or more qualified accountants to arrive at similar measures as it said before.
