Answer:
yes
Explanation:
As we know that the unearned revenue is a liability account that contains the normal credit balance also the sales revenue i.e. a revenue account contains the normal credit balance.
So if the unearned revenue is incorrectly listed as a sales revenue so still the trial balance is in the balance as both accounts have a credit balance
Therefore, the given statement is true
<span>The idea that there should be little interference by the government or society in economic competition is called social darwinism. Social darwinism wants/believes people are subject to the same laws that natural plants and animals have been. They believe that we all come from the similar sources and the evolution of how humans came to life. They also believe that there should be little government intervention and we should change the way we think to reflect the natural side of life. </span>
Answer:
True
Explanation:
It prevents the chances of whiplash that could occur in a rear end collision
Answer:
The 1st plant with a storage reservoir is a better option as compared to that of the 2nd plant.
Explanation:
Suppose the factor for variation in hourly demand is 2 So the average hourly demand is given as
Average Hourly Demand=Factor x Average Daily Demand
AHD=2 x 18000 m3
AHD=36000 m3
For the first pump
The Quantity in storage tank is 3975 m3
So the amount of pumping required is
![Q_{pump1}=AHD-Q_{reservoir}\\Q_{pump1}=36000-3975 \\Q_{pump1}=32025 m^3](https://tex.z-dn.net/?f=Q_%7Bpump1%7D%3DAHD-Q_%7Breservoir%7D%5C%5CQ_%7Bpump1%7D%3D36000-3975%20%5C%5CQ_%7Bpump1%7D%3D32025%20m%5E3)
For this value the pump will work for following hours
![t_{pump1}=\frac{Q_{pump}}{pumping rate_1}\\t_{pump1}=\frac{32025}{1750}\\t_{pump1}=18.3 \, hours](https://tex.z-dn.net/?f=t_%7Bpump1%7D%3D%5Cfrac%7BQ_%7Bpump%7D%7D%7Bpumping%20rate_1%7D%5C%5Ct_%7Bpump1%7D%3D%5Cfrac%7B32025%7D%7B1750%7D%5C%5Ct_%7Bpump1%7D%3D18.3%20%5C%2C%20hours)
So the pump 1 can complete the demand of the town by working for 18.3 hours.
Now in order to complete the demand, the second pump is given as
![Q_{pump2}=AHD\\Q_{pump2}=36000 m^3](https://tex.z-dn.net/?f=Q_%7Bpump2%7D%3DAHD%5C%5CQ_%7Bpump2%7D%3D36000%20m%5E3)
For this the pump will work for as
![t_{pump2}=\frac{Q_{pump2}}{pumping rate_2}\\t_{pump2}=\frac{36000}{2250}\\t_{pump2}=16 \, hours](https://tex.z-dn.net/?f=t_%7Bpump2%7D%3D%5Cfrac%7BQ_%7Bpump2%7D%7D%7Bpumping%20rate_2%7D%5C%5Ct_%7Bpump2%7D%3D%5Cfrac%7B36000%7D%7B2250%7D%5C%5Ct_%7Bpump2%7D%3D16%20%5C%2C%20hours)
So the pump 2 requires 16 hours to complete the demand of the town.
Here it is important to note that the realistic demand of the water can vary from the average value and thus when there is a drastic requirement of water in certain cases, the pump 2 will fail. Also pump 2 has to be run continuously and will produce excessive water which will be wasted if the hourly demand is less than that of the production value.
In context of this, the 1st plant with a storage reservoir is a better option as compared to that of the 2nd plant.
Answer: Average unit cost=$5.800 per unit
Cost of Ending inventory =$3,190
Explanation:
Average unit cost
First purchase= 650 units x $4=$2,600
Second Purchase=750 units x $6 =$4,500
Third Purchase= 850 units x $7 = $5,950
Total Cost = $13,050
Average unit cost = Total cost/ number of units =13,050/(650+750+850)= 13,050/2250= $5.8 per unit
Cost of Ending inventory = 550 unts at hand x $5.8 =$3,190
(using the average cost method)