goal: get only x on one side and only a number on the other side
distribute first
3x + 4x - 2 = 33
Now add both x terms together and then add 2 to both sides of the equation.
Result: 7x = 35
Then divide both sides by 12:
x = 5
Answer:
The correct answer here is Cash basis.
Explanation:
One of the methods of recording accounting transactions for income and expenses is cash basis accounting , where the transactions are only recorded when income is received in cash or expenses are paid in cash. This accounting method is not accepted by GAAP (Generally accepted accounting principle ) and IFRS ( International financial reporting standards ) because this method violates the income ( revenue ) and expense recognition principle.
Answer: $1,196
Explanation:
Based on the information and the values that are provided in the question, the worth of the investment of the rate of interest is 11% will be calculated as:
=(250 / 1.11) + (520 / 1.11²) + (750 / 1.11³)
= 225.23 + 422.04 + 548.39
= $1,195.66
= $1196 approximately
The worth of the investment will be $1196.
Answer: Yes, the firm should continue to produce in the short run as its revenues cover all of its total variable cost of $16,000.
Explanation:
Given that,
Produces = 3,000 units
Total cost = $36,000
Fixed cost of production = $20,000
price of each good = $10
Total cost = Total fixed cost + total variable cost
$36,000 = $20,000 + Total variable cost
Total variable cost = $36,000 - $20,000
= $16,000
Revenues = 3,000 units × price of each good
= 3,000 × $10
= $30,000
Yes, the firm should continue to produce in the short run as its revenues cover all of its total variable cost of $16,000.