The term that describes what a manufacturer spends for goods or services is called the 'cost.' When the manufacturer sells it to the consumer, this is called the price, and it is more often times than not, marked up in price.
Answer:
The $4,060,000 should be added to the net income under the operating activity.
Explanation:
Depreciation: It is the amount which shows a reduction in the value of the fixed assets due to tear and wear, obsolesce, usage, etc.
Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments also.
Moreover, the depreciation amount should be added to the net income amount because depreciation is a non - cash expense.
So, $4,060,000 should be added to the net income under the operating activity.
Answer:
a. Linda's acceptance is effective and a contract is created.
Explanation:
A contract is created when there is an offer and acceptance of a transaction. When the contract is created it is enforceable and not revocable unless with the consent of parties involved.
Bob made an offer to Linda to buy her 1,000 of her widgets. The offer is open for 3 weeks and Linda accepted the offer within one week.
Although Bob tried to revoke the offer, since Linda has accepted it the contract is created and enforceable on Bob.
Answer:
Define the problem.
List the alternatives.
Select the criteria.
Evaluate the alternatives.
Make a decision.
Explanation:
