Answer:
Consider the following calculations
Explanation:
Step 1. Given information.
Asset Cost Adjusted Basis
--------------------------------------------------
Skidder 230,000 40,000
Driller 120,000 60,000
Platform 620,000 0
-------------------------------------------------
Total 970,000 100,000
Step 2. Formulas needed to solve the exercise.
Allocation for each asset = value sold * (adjusted basis / total)
Gain on sale = Sales price - Adjusted basis amount
Step 3. Calculation and Step 4. Solution.
Sales price is allocated on the basis of adjusted value.
- Skidder = 300.000 * 40.000/100.000 = 120.000
- Driller = 300.000*60.000/100.000 = 180.000
- Platform = 300.000*0/100.000 = 0
Gain on sale = Sales price - Adjusted basis amount
= 300.000 - (40.000 + 60.000 + 0)
= 200.000
This is a loaded political question. But I think the question is trying to get you to think about who is doing the best for society as a whole and who is thinking about doing what's best for them.
However, some would argue that doing what's best for yourself will also lead to the greater good of society, but I think this question (as unfair as it may be), is leading you to say that democrats are more concerned with achieving broad happiness and republicans are concerned with fulfilling selfishness.
Answer:
Standard Overhead rate is $1.25 per Direct labor hours
Explanation:
Total variable cost (2000 unit * $2.50) = $5,000
Total fixed cost = <u>$5,000</u>
Estimated Overhead cost = <u>$10,000</u>
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Estimated Direct labor hour = 2000 unit * 4 hours = 8,000 hours
Standard Overhead rate = Estimated overhead cost / Estimated Direct labor hour
Standard Overhead rate = $10,000 / 8,000 hours
Standard Overhead rate = $1.25 per Direct labor hours
When an entrepreneur makes the decision to own and run a business, he or she assumes risks that are offset by the potential of earning a profit.
<h3>Who is an entrepreneur?</h3>
This is the person that is referred to as the one that opens and runs a business for the sake of making gains which is referred to as profit.
The entrepreneur is a person that is interested in being able to come open and run a business and also manage the risks that are involved in the business. Such a person is innovative in nature and they are able to take risks.
Hence When an entrepreneur makes the decision to own and run a business, he or she assumes risks that are offset by the potential of earning a profit.
Read more on an entrepreneur here: brainly.com/question/353543
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