Answer:
The sum of a tax and a product’s price
Explanation:
The tax final burden increases the price and is payed by consumer.
Answer:
The answer is "400 meals at 2.50 dollars a day".
Explanation:
Please find the complete question and the solution in the attachment file.
In this question, when we compare the MR value as well as the MC, the monopolist produces up to the point where MR>MC.
In this, it happens before 400 meals at 2.50 per day and, so "400 meal at 2.50 dollars a day".
Answer:
Direct material used= $420
Explanation:
Giving the following information:
Sales revenue= $4,000
Purchases of direct materials= $400
Direct labor= $450
Manufacturing overhead= $620
Operating expenses= $650
Beginning raw materials inventory= $200
Ending raw materials inventory= $180
Beginning work in process inventory= $320
Ending work in process inventory= $410
Beginning finished goods inventory= $250
Ending finished goods inventory= $200
Direct material used= ?
Direct material used= beginning inventory raw material + purchase - ending inventory raw material
Direct material used= 200 + 400 - 180= $420
Answer:
a.
Date Account Details Debit Credit
Cash $27,000
Common Stock $27,000
b.
Date Account Details Debit Credit
Land $9,000
Notes Payable $9,000
c.
Date Account Details Debit Credit
Vehicles $18,000
Cash $2,000
Notes Payable $16,000
d.
Date Account Details Debit Credit
Vehicles $800
Cash $800
e. This does not require a journal entry as it is a personal transaction.