Answer:
c. Depreciation $1,000
f. Property, Plant and Equipment $12,000
Explanation:
Tom's Grocery purchased 5 new cash registers which amount $2400 each. They have useful life of 5 years. Using straight line depreciation the annual depreciation charge will be $2,400 / 5 which is $480 per year per cash register. There are 5 cash registers so total depreciation expense will be $480 * 5 = $2,400 per year for 5 registers.
The registers are bought on August 1st, 2013 and the year end is December 31st, 2013 there are 5 months, the depreciation expense will be prorated based on the months.
$2,400 * 5/12
$1,000.
Answer:
The correct answer is the option C: Downward sloping.
Explanation:
To begin with, the concept known as "Economies of Scale" is a vary famously term in the microeconomics theory due to the fact that it refers to the particular situation that a company achieves when their costs are at the lowest possible point in the long run becuase of the great volumen in production that the organization is starting to handle so that means that the more they start to produce the less the amount that the company will have to spend in the costs. Therefore that the curve in the graphic will be downward sloping due to the decrease of the prices in the costs implicating the amount that the company is handling.
1John Maynard Keynes (1882-1946)
2Friedrich August von Hayek (1899-1992)
3Milton Friedman (1912-2006)
Answer:
Option D. $0
Explanation:
The reason is that Taj will have to recognize a bad debt expense of $12,000 which would decrease the receivable with the same amount.
The entry would be:
Dr Bad Debt Expense $12,000
Cr Accounts Receivables $12,000
This means that the Taj will not reconize loss, all he will do is pass a bad debt expense entry. So the correct answer is option D.
Answer:
both the government control and the private sector exist
Explanation:
The mixed-market economies are economies that have primarily developed from the command economies, but have implemented market economy elements as well. In this type of economies we have a situation where the governments still have a very important role in the economy, while in the same time, the private businesses are also thriving. The government is usually in control of the most important and abundant natural resources, thus providing security for the country's people and economy. The private businesses are able to operate freely, and they collaborate with the government as a business partner., with both of them being dependent on each other.
