Answer:
$44,700
Explanation:
The cost of the truck according to IAS 16 under IFRS would only include any cost incurred in bringing the asset to as location or state where it becomes available for use.
Given cost items;
cash price = $42,000
Accident insurance = $2,900
Sales taxes = $2,700
Motor vehicle license = $100
Painting and lettering = $400
From all the cost items stated above, the cost of the truck
= $42,000 + $2,700
= $44,700
Other cost elements will be expensed.
Given that <span>Dave Klein is a produce farmer in Northern California. His major customers
are grocery stores in the midwest. Dave's product is a perishable item
and will only last for about 2 weeks after it has been picked, so Dave
is concerned with getting his product to his customers quickly. he ships
almost daily when his produce is in season. However, he also needs to
be aware of the cost of shipping.
The form of shipping Dave will most
likely use is truck.</span>
Answer: Reduce output
Explanation: Profit = Total Revenue – Total Costs
Therefore, profit maximization occurs therefore, profit maximization occurs at the most significant gap or the biggest difference between the total revenue and the total cost.
TC = AC×Q = $4×500 = $2,000
Theoretically, profit maximization occurs where MR = MC
From the forgoing, producing an extra unit will increase the cost of the company thereby reducing profit.
The company should reduced output to around 499 units or less
Answer:
Accounting profit will be $500000
Economic profit will be $200000
Explanation:
We have given number of units produces = 200000
Cost of one unit = $10
So total cost of production = 100000×$10 = $1000000
Explicit cost = $1500000
And implicit cost = $300000
We know that accounting profit = revenue - explicit cost = $1000000-$1500000 = $500000
And economic profit = revenue - implicit cost = $1000000-$300000 = $200000
What human resources manager focus on when determining an organization's long-term staffing needs is the organization's vision and strategic plan.
<h3>What is Strategic planning?</h3>
Strategic planning can be regarded as the process where an organizational leaders determine their vision.
This helps the leader to prepare for the future as well as identify their goals and objectives for the organization.
Learn more about Strategic planning at;
brainly.com/question/24462624
