Answer:
cheap input factors
Explanation:
Based on the information provided within the question it can be said that BioThink's competitive advantage in this situation would be their very cheap input factors. This refers to any resource that a company uses in order to output a certain product. Therefore by paying less on the resources they use they are then able to price their product cheaper than their competitors, thus giving them a competitive advantage.
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If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2021 would be (D) $31,000.
<h3>
What is depreciation?</h3>
- Depreciation in accounting refers to two aspects of the same concept: first, the actual decrease in fair value of an asset, such as the decrease in value of factory equipment each year as it is used and worn, and second, the allocation of the original cost of the assets to periods in which the assets are used in accounting statements (depreciation with the matching principle).
- Thus, depreciation is the loss in asset value and the mechanism used to reallocate, or "write down," the cost of a tangible asset (such as equipment) throughout its usable life period.
To find If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2021:
- Annual depreciation expense = (Cost - Salvage value) ÷ 10
- = (380,000 - 70,000) ÷ 10
- = 310,000 ÷ 10
- = $31,000
Therefore, if the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2021 would be (D) $31,000.
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The correct question is given below:
A factory machine was purchased for $380000 on January 1, 2021. It was estimated that it would have a $70000 salvage value at the end of its 5-year useful life. It was also estimated that the machine would be run 37000 hours in the 5 years. The company ran the machine for 3700 actual hours in 2021. If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2021 would be
(A) $62000.
(B) $70000.
(C) $38000.
(D) $31000.
Answer:
E. Is the purpose realistic?
Explanation:
A purpose would be referred to as realistic, when it is backed by real evident reasons which determine the chances of happening or non happening of an event. It refers to realistic perception which is backed by logics, reasons and practicality rather than a desire, whim or an impulse.
In the given case, the company is going through a rough patch financially. In such a scenario, one of it's employees is desirous of pay raise and is considering to compose and send a message for the same object.
With available facts and situation apparent to the employee, it would first realistically seek an answer to the question, whether realistically his demand would be met, given the situation.
The employee needs to weigh in the pros and cons and decide if it would be the right time to send such a message and the possibility of how such a demand would be responded/reacted to.
Answer:
Finished goods = $85,800
Ending inventory = $5,280
Explanation:
beginning WIP 400 units
$11,080
8000 units started
$80,000
units finished and transferred out = 8,000 + 400 - 600 = 7,800
ending inventory 600 units
80% complete
equivalent units = 7,800 + (600 x 80%) = 8,280
total costs = $91,080
cost per equivalent unit = $91,080 / 8,280 = $11
Finished goods = 7,800 x $11 = $85,800
Ending inventory = 480 x $11 = $5,280
Answer:
A. NA = NA + NA NA -NA = NA NA NA
Explanation:
As Year 2 the customer paid Loudoun the $1,050,which was written off On April 4, Year 1.
Therefore, the following journal entries to record the transaction.
Accounts receivable debit $1,050
Allowance for doubtful accounts credit $1,050
To record reinstatement of accounts receivable.
Cash debit $1,050
Accounts receivable credit $1,050
As one asset account is increase and another asset account is decreased.
