Answer:
$33,840
Explanation:
The computation of the depreciation per units or tons under the units-of-production method is shown below:
= (Original cost - residual value) ÷ (estimated tons)
= ($158,400 - $0) ÷ (22,000 tons)
= ($158,400) ÷ (22,000 tons)
= $7.20 per tons
Now for the year 2021, it would be
= Tons during 2021 × depreciation per tons
= 4,700 × $7.20 per tons
= $33,840
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Answer:
D. Tim consumes more hamburgers and fewer hot dogs.
Explanation:
For his utility to remain constant, Tim will neither consume more goods in total, nor spend more money than before.
Therefore, because the price of hot dogs has risen, while the price of hamburger has remained the same, he will now buy more hamburgers and less hot dogs, because eating more hamburgers and less hot dogs will not decrease his satisfaction, it will remain the same. We can also conclude from that both fast food products are perfect substitutes for Tim.
Answer:
Service Firms is the correct answer.
Explanation:
For the purpose of allocating the transaction price to multiple performance obligations, if a stand-alone selling price cannot be directly observed, the seller should estimate the stand alone price by seeing all the things that maximizes the use of observable inputs.
Seller must apply different estimation methods which are consistent to similar circumstances of the not availability of stand alone price.
Different methods which can be used for estimating the stand-alone selling price of a good or service include the following:
Expected cost plus margin
Adjusted market assessment
Residual value.
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