Answer:
The anwser you are looking for is number 2
Step-by-step explanation:
Answer:
Option A is correct.
Step-by-step explanation:
As we see the graph, we can say that the correct statement is :
A.)All repairs requiring 1 hour or less have the same labor cost. We can see that the coat from 0 hours to 1 hour is $50. So, the number of hours falling in this range has the same repairing cost.
B.) Labor costs the same no matter how many hours are used for a repair. This is wrong as the graph is increasing after 1 hour.
C.) Labor costs for a repair are more expensive as the number of hours increases. This is wrong as the hours are increasing from 0.25 to 0.5 then to 0.75 but they all have the same cost.
D.)There is no cost of labor for a repair requiring less than 1 hour. This is also wrong. The cost is $50.
Answer:

Step-by-step explanation:


Subtract 9 from both sides:


Add 6x to both sides:


Divide both sides by -4:


The concept of historical cost in accounting involves valuing business resources at their purchase price. This is further explained below.
<h3>What is the historical cost?</h3>
Generally, historical cost is a value of measure used in accounting that records the value of an asset on the balance sheet at its original cost when purchased by the firm.
In conclusion, valuing business resources at their purchase price is what historical cost is about.
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