Answer:
$48.47
Explanation:
Data given in the question
Number of Anchors produced = 5,100
Average cost per anchor = $52
Fixed cost = $18,000
As we know that
Total cost = Fixed cost + variable cost
where,
Total cost is
= 5,100 anchors × $52
= $265,200
And, the fixed cost is $18,000
So, the variable cost is
= $265,200 - $18,000
= $247,200
And, the number of anchors is produced is 5,100
So, the variable cost for each anchor is
= $247,200 ÷ 5,100
= $48.47
Answer:
The correct answer is True.
Explanation:
The two areas are responsible for the physical management of any economic transaction of the entity, therefore effective control means the custody of said documents for proper internal management of financial information. Both checks and remittances are care transactions that must be properly supported.
Answer:
The accounting entry to record the depreciation expense on December 31, 2021 is:
Depreciation Expense - Equipment Debit $ 9,375
Allowance for depreciation Equipment Credit $ 9,375
Explanation:
The data in the question shows that the equipment is depreciated over the estimated useful life of the asset on an even basis, this implies that the method of depreciation is straight line method.
The equipment was purchased on August 01 2021 and the adjusting entry is required on December 31, so the depreciation needs to be recorded for 5 months.
The amount shall be computed by multiplying the monthly depreciation amount with the period
$ 1,875 * 5 months = $ 9,375.
The accounting entry is debited to the depreciation expense account and credited to the allowance for depreciation.
The equipment is shown on the balance sheet date at cost less allowance for depreciation.
Answer:
When the industry is growing rapidly..
Explanation:
<u>When the industry is growing rapidly and the target industry is comprised of several relatively large and well-established firms</u> is not a factor that makes it appealing to diversify into a new industry by forming an internal startup subsidiary to enter and compete in the target industry. And basically, the target Industry signifies a collection of employers firmly connected by a common product either service.
Answer:
D
Explanation: zero, and the supply curve is vertical.
