The <u>Full cost view of maintenance</u> takes into account such costs as deteriorated customer relations and lost sales.
a cost that an employer has when they employ someone, in addition to the cost of paying the person's salary or wages. cost is the amount or equivalent paid or charged for something .
Examples of costs are rent and lease costs, salaries, utility bills, insurance, and loan repayments.
Direct, indirect, fixed, and variable are the 4 main kinds of cost.
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Answer:
They are exempt from paying tax
Explanation:
Taxable income is the amount of an individual's gross income that the government deems subject to taxes.
However, because they are aged (above 65), and their taxable income -which should be $32000 after deductions - is less than the percentage tax relief,they are exempted from paying tax for that particular year.
Answer:
The answers are,
For A. It's the revenue recognition principle in which revenue is recognised when it is earned, now when the cash is realized.
For B. Its the matching concept in which all expenses related with earnings are debited against it to find the profit or loss.
For C. It's full disclosure principle in which all events in material nature has to be disclosed. We can say that going concern effects this as well, as if any event affect the continuity of an entity, it has to be disclosed as well.
For D. It's the historical cost principle in which you account the assets and expenses at the price you paid for them. When the value increases over time, you can reevaluate and adjust it.
Explanation:
FOB shipping point
Explanation:
FOB affects the buyer's inventory cost adding liability for shipped goods increases inventory costs and reduce net income.
