An organization that offer goods and services to customers to earn a profit are known as, for profit organizations. A for profit organization is a organization that has a goal to earn profit from their customers.
When using credit, you are giving up spending in the future to spend money now. This trade off involves costs (interest). So borrowing money from your future to buy now, will cost you more in the long run that paying cash.
Answer:
Option E. CREDIT to Accumulated Depreciation for $9,000
Explanation:
The formula to compute depreciation expense is given as under:
Depreciation Expense = (Cost - Scrap Value) / Useful Life
By putting values we have:
Depreciation Expense = (100,000 - 10,000) / 10 Years = 9,000 per year
The double entry for the year 2 would be:
Dr Depreciation Expence 9,000
Cr Accumulated Depreciation 9,000
Answer:
$11.2 per unit
Explanation:
The computation of the variable cost per unit is shown below:
= Variable direct materials cost per unit + Variable direct labor cost per unit + Variable factory overhead cost per unit + Variable selling and administrative cost per unit
= $4.34 per unit + $5.18 per unit + $0.98 per unit + $0.70 per unit
= $11.2 per unit
We simply added the entire variable cost per unit so that the accuracy per unit could be reached
<span>“I think you handled the problem in a very clever way.” is the correct sentence
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