Answer:
False
Explanation:
There is a huge difference between Diminishing marginal utility and law of diminishing marginal rate of technical substitution. The diminishing marginal rate of utility is used to construct short-run production function and it is based on cardinal utility. Correspondingly, the law of diminishing marginal utility is used to construct long-run isoquants and isocost curve, and it represents ordinal utility.
Depreciation is the residual value of an asset
Explanation:
Depreciation has been appeared in both profit and loss account and Balance sheet
In profit and loss account it was appeared in the debit side considering the depreciation as an expense and also it will appeared in the asset side of the balance sheet ., it must be deducted from the value of the related asset . since the asset was purchased in the beginning of the year 1 January 2018 and has a useful economic life of 5 years and zero residual value. under straight line depreciation method., the depreciation value can be calculated as
Purchase value of the asset/5 years., or
(20 percent of the purchase value of asset)
100/20 =5 years
13
6.7108864.10 is your answer in decimal form.
Answer:
Cost of Goods sold for Planner:
= Goods sold * Cost to produce
= 10,000 * 82
= $820,000
Cost of Goods sold for Schedule:
= Goods sold * Cost of acquisition
= 7,000 * 94
= $658,000
Answer:
the days payable outstanding is 91.25 days
Explanation:
The computation of the days payable outstanding is shown below:
Days' payable outstanding is
= (Accounts Payable ÷ Cost of goods sold) × total number of days in a year
= ($25,000 ÷ $100,00) × 365 days
= 91.25 days
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Hence, the days payable outstanding is 91.25 days