Answer:
The recorded balance will be = $445500
Explanation:
We have given that Metlock purchases the land for cash $430000
Property tax = $4600
The title and attorney fee = $2900
The clinic had a land graded for $8000
We have to find the amount the Metlock lnc record as the cost of land
The record will be equal to = $430000+$4600+$2900+$8000= $445500
So the recorded balance will be = $445500
Usually, a minimum wage that is set below a market's equilibrium wage will result in an excess demand for labor, which is, a shortage of workers.
<h3>What is a
market's equilibrium wage?</h3>
The equilibrium market wage refers to an intersection of the supply and demand for labor wage.
The minimum wage means the ceiling wage that must be paid to the labor.
Hence, when a minimum wage is set below a market's equilibrium wage, it will result in an excess demand for labor, which is, a shortage of workers.
Therefore, the Option B is correct
Read more about equilibrium wage
<em>brainly.com/question/6105258</em>
Answer:
Instructions are below.
Explanation:
Giving the following information:
Units Produced 20,000
Units Sold 17,000
Unit Sales Price $ 240
Full Manufacturing Cost Per Unit $97
<u>Under the absorption costing method, the fixed manufacturing overhead is part of the product cost.</u>
Income statement:
Sales= (17,000*240)= 4,080,000
Cost of goods sold= (17,000*97)= (1,649,000)
Gross profit= 2,431,000
Variable Selling Expenses= (71,000)
Fixed General and Administrative Costs= (88,000)
Net operating income= 2,272,000
They create obligations normally applied to government agencies
Answer:
Option A.
Current year prices to base year prices, holding the market basket content constant
Explanation:
In simpler terms the Consumer price index a value used in measuring inflation in an economy. It is a value that measures the weighted average of a basket of consumer goods and services such as food and transportation, healthcare etc. They are used to assess price changes associated with the cost of living in a particular society.
The formula for calculating The Consumer Price index is given as
CPI= (Cost of Market Basket in Base Year
/ Cost of Market Basket in Given Year
) ×100
This makes the correct answer option A.
