Answer: $231.50
Explanation: Price of helmet = $20 Price of bike = $260
To solve:
$260 - $25 = $235 (Subtract starting price from the first discount)
$235 x 10% = $23.50 (Take the extra discount off the $25 off price)
$235 - $23.50 = $211.50 (Subtract - get final bike price)
$211.50 + $20 = $231.50 (Add final bike price to helmet price)
Answer and Explanation:
The journal entries are shown below:
On Sep 1
Cash $500
To Sales revenue $500
(Being the sale is recorded))
On Sep 1
Cost of goods sold $200
To Finished goods inventory $200
(Being the the cost of mower sales is recorded)
On Sep 1
Warranty expense (8% × $500) $40
To Warranty liability $40
(Being the estimated warranty expense is recorded)
On Jan 24
Warranty liability $35
To Repair parts inventory $35
(being the cost of warranty repairs is recorded)
Answer:
b.) fixed cost
Explanation:
Fixed cost is a cost which has incurred and does not varies with change in the amount of goods being produced or being sold in the market.
These are expenses are paid by the company
Fixed costs are independent of any business related activities.
Here,
the lease amount is paid once for a vehicle and the lease amount of this truck does not varies with the amount of products company produces.
Answer:
C
Explanation:
$25 dollars because this is the highest valued alternative forfeited
Answer: Option (C) is correct.
Explanation:
Constant returns to scale production function: When there is an increase in inputs (i.e capital and labor) as a result output increases by the same proportion.
For example: If the amounts of equipment and workers are both doubled in the production of bread then as a result the output of bread also doubled.
Suppose the capital and labor increases by 10% then as a result output also increases by 10%.
