Answer:
Setting up a business with the aim to make a profit.
is the correct answer
Answer:
$0
Explanation:
The computation of the value of firm profit is shown below:
As we know that
Profit = Total revenue - Total cost
where,
Total revenue is
= 10 widgets × $15
= $150
And,
Total cost = Variable cost + Fixed cost
= 10 widgets × $13 + $20
= $130 + $20
= $150
So, the profit is
= $150 - $150
= $0
Hence the firm is in break-even point where there is no profit or no loss
Answer:
Cash increases by $500,000
Equipment decreases by $300,000
Profit increases by $200,000
Explanation:
Cash increases by $500,000 because the equipment was exchanged for cash.
The equipment (property,plant and equipment account) decreases by $300,000 because this particular equipment will be removed from PPE account.
Equity increases by $200,000 because there is a profit of $200,000 from the sale.
Under activity-based costing, overhead includes all indirect costs. so correct answer is all indirect costs.
<h3>Indirect costs: What are they?</h3>
The term "indirect costs" refers to operating costs that aren't immediately associated with a specific grant, contract, project function, or activity but are still essential to the organization's overall functionality and the accomplishment of its tasks.
Costs that are usually referred to as overhead expenses, such as rent and utilities, as well as general and administrative costs, such as wages for officers, expenses for the accounting department, and expenses for the personnel department, are examples of indirect costs.
To know more about indirect costs visit:
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Solution :
a). The suspect may experience some emotional changes that are not necessarily due to a scandal or scam. We need to establish that the proper figures and facts are to be analyzed before reaching the conclusion. But however, the primary conclusion is that something is going on on the suspect's mind that needs to be further dealing. (2) increment in the income needs to be validated and also proper root cause of the changes should be analyzed.
b). No from the above facts we cannot conclude that the suspect had committed financial frauds. For this a full proof validation of the facts and the evidences are required for a solid conclusion for helding the suspect for committing financial frauds. Hence further investigation is needed for deriving a conclusion.