Basic Answer
a carpenter sells furniture, whereas an automobile manufacturer sells cars.
Bussiness Answer
a carpenter sells style , whereas an automobile manufacturer sells mobility.
Answer:
<u>Equipment:</u>
Dr. Cr.
Depreciation Expense $5,520
Accumulated Depreciation $5,520
<u>Land:</u>
Land never depreciates, so there is no adjusting entry for the Land purchased on year end.
Explanation:
Year end is not given in the data so, it is assumed the December 31 is the end of the year
Equipment
Depreciation for the year = ( Purchase price - Residual value ) / useful life
Depreciation for the year = ( $32,000 - $4,400 ) / 5 years
Depreciation for the year = $5,520
Answer:
Produce throughout the shorter term but depart the industries run if the circumstances don't start changing because the losses are incurred.
Explanation:
The given values are:
Gold sells,
Q = 50
Price,
= $5000
Total cost,
= $300,000
Fixed cost,
= $100,000
So,
⇒ 
⇒ 
($)
Now,
⇒ 
⇒ 
So that,
⇒ 
On substituting the values, we get
⇒ 
⇒ 
So the above is the correct answer.
Answer:
The correct answer is C. An internal cost
Explanation:
An internal cost is cost the internal struggle that is going on within oneself. Unlike external cost, it is not paid through material things, rather it is paid by internal mental strategies.
This is an example of an internal struggle because the roommate cannot be categorized into a third party, and it is your internal struggle that you cannot focus while there is noise. For some people, noise helps to concentrate.
Therefore, it would be considered as the internal cost that you pay due to your roommate.
