Answer:
c. LeMond's net fixed assets as shown on the balance sheet will be higher at the end of the year.
Explanation:
Provided information,
There is a purchase of new production line. On which the company plans to charge depreciation as per straight line method for 5 years. As per the recent amendment the company has to charge depreciation fr 7 years under straight line method.
Thus, depreciation per year will be decreased.
As depreciation is an expense which is going to decrease with increase in duration, therefore, income will increase and accordingly taxes will increase.
Also the net balance of fixed assets will be higher, as depreciation is less.
Therefore, correct statement is
c. LeMond's net fixed assets as shown on the balance sheet will be higher at the end of the year.
Answer:
B
Explanation:
Proximate cause means “legal cause,” or one that the law recognizes as the primary cause of the injury. ... In other words, the plaintiff will have to show that the injuries were the natural and direct consequence of the proximate cause, without which the injuries would not have occurred.
Answer:
Total direct material variance= $1,000 favorable
Explanation:
Giving the following information:
Company had a favorable direct materials price variance of $3,000 and an unfavorable direct materials usage variance of $2,000.
<u>To calculate the total direct material variance, we need to use the following formula:</u>
<u></u>
Total direct material variance= price variance +/- quantity variance
Total direct material variance= 3,000 - 2,000
Total direct material variance= $1,000 favorable
Allocator- Price thus serves the function of allocator. First, it allocates goods and services among those who are willing and able to buy them. (As we noted in Chapter 1, the answer to the economic question “For whom to produce?” depends primarily on prices.) Second, price allocates financial resources (sales revenue) among producers according to how well they satisfy customers’ needs. Third, price helps customers to allocate their own financial resources among various want-satisfying products.
The answer is "incidental beneficiary".
An incidental beneficiary refers to somebody who indirectly acquires an advantage as the aftereffect of the fundamental reason for the trust. An incidental beneficiary is a recipient who isn't a planned recipient. For instance, a grandchild may profit by his/her parent accepting a blessing which could be utilized by the whole family, or which he/she may acquire from the parent.
