Answer:
Laser Messenger Service
Income Statement
For the Year Ended April 30, 2019
Revenues:
Expenses:
- Salaries Expense $307,100
- Supplies Expense $3,910
- Rent Expense $87,400
- Utilities Expense $33,400
- Depreciation Expense $11,500
- Miscellaneous Expense $4,600 <u>$447,910</u>
Net income $162,790
Answer:
$289,000
Explanation:
The computation of the adjusting basis in case of sale of the home is shown below:
= Purchase value of home + additional purchase cost + cost of swimming pool + new air conditioning system
= $250,000 + $4,000 + $30,000 + $5,000
= $289,000
In case of sale of the home, we consider all the costs which are given in the question as it related to the sale of the home
Answer:
A. Contribution margin increases and Break-even point decreases
Explanation:
The two factors that generate scarcity are related to the gap between limited resources and unlimited desires, generating an economic and social problem that impacts the lives of individuals.
<h3 /><h3>How to deal with scarcity?</h3>
For a country's economy not to be affected by scarcity, it is essential that there are strategic measures for the conscious use of scarce resources and the planning of public policies for social and economic development.
Therefore, scarcity must be fought with efficient allocation of resources, to avoid that the demand for a resource is greater than the supply and there is an economic imbalance.
Find out more information about scarcity here:
brainly.com/question/3081250
<span>when the sets are completely finished, the cost should be transferred to: </span>W<span>IP inventory-Finishing
WIP stands for work in progress, which is an account to placed all the amount of manufactured product that still not ready to be sold to the market.
Since the manufacter process is in finishing stage (coloring/packing), the appropriate account should be </span>WIP inventory-Finishing