Fixed costs are costs that remain the same in total dollar amount as the activity base changes. vary with the costs of the activity. Read below on fixed costs.
<h3>What are fixed costs?</h3>
Fixed costs are costs that remain the same in total dollar amount as the activity base changes. Cost per unit changes inversely to changes in the activity base. Total cost remains the same regardless of changes in the activity base.
Therefore, the answer is option A. vary with the costs of the activity.
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Answer:
Explanation:
1. The journal entries are shown below:
On December 1
Cash A/c Dr $1,260
To Deferred Service Revenue $1,260
(Being cash is received)
On December 31, 2016
Deferred Service Revenue $420 ($1,260 ÷ 3 months)
To Service revenue $420
(Being service revenue is recorded)
2. Income statement
Earned income from car washing services $420
Balance sheet
Assets
Cash $1,260
Liabilities
Deferred Service Revenue $840 ($1,260 - $420)
Before the foundation of the United States, the Kingdom of Britain owned the 13 colonies on the East shore of North America. Those colonies were separated into 3 regions: the New England, the Middle Colonies, the Southern Colonies. Economic activities and trade was dependent of the environment in each of those regions. Economy in the New England : ship building industry, fishing, trade. Economy in the Middle Colonies: farming, lot of jobs for skilled workers. Also merchants invested money in colonies. In the Southern Colonies: cotton and tobacco-industry. The economy impact the livelihood of the original 13 colonies by giving jobs and money to the colonists.
Jim Moon has a very assertive personality His relationship with the Rhode Island bank has fetched him a positive outcome when there is a financial crisis
For heavy-duty vehicles, sintered-metal brake linings
are typically use for better performance and brake lining rivets is the best
choice to secure brake shoe linings on trucks and other vehicles. Sintered brake
linings offers a stable friction coefficient and produce good bite right away
for safer travel. Moreover, they
have good properties such as the ability to handle extreme heat well, they are
resistant to fade, typically last longer than other types, and perform well
even in rain and mud, which make it to be a choice for heavy-duty vehicles. <span>However, rivet heads may score the drum if the linings
are not replaced soon enough, so proper maintenance should not be neglected.</span>
