Answer:
Computer; $ 3800
Printer; $3150
Desk; $4000
File Cabinet; $3200
Explanation:
First we need to determine how to determine the depreciable basis for the asset.
The basis of assets converted from personal use to business use in terms of depreciable amount is the lesser of (1) fair market value on date of conversion or (2) basis on the date of conversion (the cost price)
Now we apply this to the following assets
Computer: Depreciable base of $ 3800 ( FMV < Purchase price )
Printer: $3150 ( FMV < Purchase price )
Desk: $4000 ( FMV < Purchase price )
File Cabinet: $3200 ( FMV > Purchase price )
Answer:
The correct answers in order are:
Executory
Fulfilled their obligations
Not illegal
Explanation:
The Statute of Frauds prevents the enforcement of an executory contract, which is a contract in which the parties have not fulfilled their obligations. These contracts are not illegal.
Answer:
<em>Surveys and questionnaires allow you to collect data efficiently and economically from groups of people.</em>
Explanation:
<em>Surveys are research often used to assess opinions, thoughts, and feelings of people towards a subject area or environment. it can either be limited or specific or they also can have more widespread goal which can be global.</em>
<em>Questionnaires is a set of questions written or printed with answer choices , devised for the purposes of a statistical study or survey.</em>
it's b (: it's simply regular butter but with the milk solids removed.
Answer:
$3,500
Explanation:
Under variable costing method, product costs are calculated on variable manufacturing costs only.
Step 1 : Determine unit Product Cost
Product Cost = Variable Manufacturing Costs
= $ 35
Step 2 : Determine the units in Inventory
Units in Inventory = Opening Stock + Production - Sales
= 0 + 7,210 - 7,110
= 100 units
Step 3 : Determine Inventory value
Inventory value = Units x Cost per unit
= 100 units x $ 35
= $3,500
Conclusion :
the ending inventory of finished goods under variable costing would be: $3,500
