Answer:
$7,200
Explanation:
According to the scenario, computation of the given data are as follows,
Total cost = $84,000
Salvage value = $12,000
Estimated life = 10 years
So, we can calculate depreciation expense by using following formula,
Depreciation yearly = (Total cost - Salvage value) ÷ Estimated life
= ($84,000 - $12,000) ÷ 10
= $72,000 ÷ 10
= $7,200
Answer:
A) are possible because proportional increases in inputs yielding the same proportional increase in output may induce higher input prices.
Explanation:
Constant returns to scale mean that any proportional increase in inputs will result in an equally proportional increase in outputs.
The price of inputs might also rise because their supply curves are also upward sloping. This would result in an increasing cost industry, that will have an upward sloping long run supply curve.
So an industry can have constant returns to scale and upward sloping supply curve.
Answer and Explanation:
The Journal entry is shown below:-
Cash Dr, $3,000
Cost of goods sold Dr, $1,500
Estimated inventory returns Dr, 600 ($3,000 × 20%)
To Inventory $1,500
To Refund liability $600
To Sales revenue $3,000
(Being cost of goods sold is recorded)
Here the sale and the cost of goods sold is recorded in which some accounts are debited and some are credited
Answer: B- target market
The firm'sTarget market_ must recognize that its competencies give it an advantage over the competition.
Explanation:Target Market:This Is a group of customers that the business directs it's production and marketing efforts on.
it is necessary for establishments to know the consumers purchasing from the company and how to continually cater for thier needs because Companies and manufacturers have competitors who can compete with them with thier target market
A company must be willing and able to have an edge over it's competitors by improving the benefits they provide to their target market , This is by knowing who buys from the company, thier wants and needs and prospective/intending consumers by implementing strategies essential for the business to thrive or have a competitive advantage over it's competitors.