Answer:
Supplies Expense 1625 Dr
Supplies Account 1625 Cr
Explanation:
First, we need to determine the supplies expense for the period. The supplies expense can be calculated by deducting the year end supplies balance from the supplies account balance.
The supplies expense = 2600 - 975 = $1625
The adjusting entry that will be made at the end of the period is,
Supplies Expense 1625 Dr
Supplies Account 1625 Cr
Answer:
See below
Explanation:
Marginal cost is the additional expenses incurred in producing one more unit of output. Marginal cost is the expenses associated with the production of one extra unit.
In this case, there will be marginal costs in producing the first item. There is no extra unit in the first unit. Marginal costs will be zero. The second item's marginal cost will be the difference between the cost of the second and the first item.
First bike
=0
The fourth bike:
=Forth bike - third bike
=$130 -$110
= $20
The sixth bike
=sixth - fifth
=$210 -$160
=$50
The seventh bike
=seventh - sixth
=$270 -$210
=$60
Answer:
b. Net Purchases + beginning inventory - ending inventory.
Explanation:
The formula to compute the cost of goods sold is shown below:
Cost of good sold = Beginning inventory + net purchase - ending inventory
We simply added the net purchase and deduct the ending inventory to the beginning inventory so that the correct value can be determined
It records that cost which is directly related to the product that means it excludes the indirect cost
Answer:
NPV= $60.52
Explanation:
Giving the following information:
Robbins Inc. is considering a project that has the following cash flow: −$950 $500 $400 $300
Cost of capital= 10.00%
To calculate the net present value we need to use the following formula:
NPV= -Io + ∑[Cf/(1+i)^n]
Cf= cash flow
For example= Year 3: 300/1.10^3= 225.39
NPV= $60.52
Answer:
True
Explanation:
In industry, inventory buildups are cancelled with increased sales and marketing activities, which attract rewards and punishments. This is why it is always a taboo to observe idle workers. Idle workers cost the entity much in expenses. Workers are employed based on productivity and profitability indexes. There is no business entity that employs workers for the fun of employment.
