Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
Land not currently used in operations - Long-term investments
Notes payable (due in five years) - Long-term liabilities
Accounts receivable - Current assets
Trademarks - Intangible assets
Accounts payable - Current liabilities
Store equipment - Plant assets
Wages payable - Current Liabilities
Cash - Current assets
Answer:
positive public image, attracting more customers
Explanation:
Answer:
$8,884
Explanation:
The computation of the economic profit is shown below:
= Received amount - dance earnings - insurance paid - music and licensing fees - boom box - rent and utilities
= $60,480 - $34,000 - $4,300 - $1,846 - $150 - $11,300
= $8,884
The economic profit is come from subtracting the explicit cost, implicit cost from the revenue earned and the same is reflected above
Answer:
Management Level
Explanation:
A cost allocation method is not an activity based costing typically.
Interviews with management that have adequate knowledge and the cost classification are usually done at management level
