Answer:
$35,000
Explanation:
According to accounting standard IFRS 16 Property, Plant and Equipment is initially recorded at its cost. Estimated market value and offer price will not be considered to record this transaction. Cost incurred for this equipment is as follow:
Cash payment = $15,000
Note payable = $20,000
Total Cost = $15,000 + $20,000 = $35,000
The definition of commodity is D. Some examples are gold, silver and copper.
Answer:
increase by $15,600
Explanation:
Fixed cost remains constant throughout a period. If production is through the use of idle capacity, fixed cost will not change.
Change is income will result from the total contribution margin realized from the special order.
The total contribution margin is the contribution margin per unit multiplied by total units.
Contribution margin per unit = special offer price - variable costs
=$23.40- $18.20
=$5.20
change in income will be $5.20 x 3000
=$15,600 increase
False. <span>Labor and population statistics are examples of sources for internal data that are accessed by a database. The correct answer is sources for external data. External data refers to data that is collected from an outside data source and stored in table like programs for company to use when evaluating their labor and population around their area. </span>
Answer:
D. $5
Explanation:
Accountants calculate only explicit costs, or costs that are directly attributed to the process. (This is different than how an economist would calculate costs, because economists would also include the implicit costs such as the opportunity cost of the wages Walter could be earning at the store if he wasn't making bird houses).