Answer:
9,800 units were produced in March
Explanation:
Ending inventory is calculated by adding Beginning inventory in production for the year and deducting any items sold during the year.
The formula for Ending Inventory is as follow
Ending Finished Goods Inventory = Beginning Finished Goods Inventory + Production in the period - Sales Made During the period
As we have the ending Inventory we need to calculate the production during March. Placing the available amounts in the formula
1,400 units = 2,100 units + Production in the period - 10,500 units
1,400 units -2,100 units + 10,500 units = Production in the period
Production in the period = 9,800 units
Increasing ,increasing
the reason is that when the economy is
growing more money is flowing ,unemployment is decreasing so more goods
and services are produced ,as a result of low unemployment ,more
consumption and total output increasing total income is increasing
Answer: $30,000
Explanation:
Amortization from September 1, 2019 - January 1, 2021 :
September 1, - december 31 = 4/12 = 0.333333
(1 + 0.333333) × (135000 × 10) = $18,000
Value left before patent defense :
$(135,000 - 18,000) = $117,000
Amount reported for patent amortization expense 2021:
$(117,000 + 33,000) ÷ 5
$150,000 ÷ 5 = $30,000
Brenda is not correct because the total value of her assets could be less than the liabilities.
<h3>
What are liabilities?</h3>
A liability is an obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like cash, products, or services.
Liabilities on the balance sheet's right side are represented by debts like as loans, accounts payable, mortgages, deferred revenue, bonds, warranties, and accumulated costs.
Assets can be contrasted with liabilities. Assets are items you own or owe money to, whereas liabilities are debts or other obligations.
An obligation between two parties that has not yet been fulfilled or paid for is generally referred to as a liability.
Learn more about liabilities
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Answer:
Yes. This is basis the type of the good.
Explanation:
For Example, a Luxury good will be bought only if it priced high and if it is priced less, no one will buy - Example gold.
Normal goods it is otherwise. They will swich for alternatives.
