Answer:
$1,000
Explanation:
Fixed assets must be recorded at historic cost or purchase value. Their valuation is not affected by changes in market values, e.g. land might appreciate over time, but its historic cost will be used for accounting purposes.
In this case, Lisi doesn't have a bill to show the price of the rack, and since she paid in cash, she has no way of proving what she actually paid for it. In this case, in order to record the purchase of the rack you must use the fair market value of similar racks.
Imagine if someone could just say that they purchased things at X price but didn't get a bill, soon people would be recording buying pencils at $500 each because they are gorgeous and perfectly crafted.
Answer:
Assess the current reality
Explanation:
Assessing the current reality of a product in the market is a very important stage before introducing the real product. It helps to analyse the strength and weakness of a product and helps companies to improve them in a short period. To access the current reality the best procedure is to conduct a SWOT analysis.
Answer:
There is a Lower fixed cost of process A, So, until 2,000 units are not achieved ,the process A should be chosen as priority and above the 2,000 units, process B should be chosen.
Explanation:
Cross over point
= ( Difference in fixed costs) / ( Difference in variable cost per unit)
= ($20,000 - $8,000) / ($10 - $4)
= $12,000 / $6
= 2,000 units
As per the general rule of choosing, above the cross over point, the process with lower variable cost should be chosen and below cross over point, the process with lower fixed cost should be chosen
There is a Lower fixed cost of process A, So, until 2,000 units are not achieved ,the process A should be chosen as priority and above the 2,000 units, process B should be chosen
Answer:
d. $39,000
Explanation:
According to my research on the GDP, I can say that based on the information provided within the question the transactions described contribute $39,000 to the GDP for 2014. This is the addition of the first sale to Emily for $20,000 and the unsold second automobile for $19,000. Since new products that are produced but go unsold still count in the GDP of the year in which they were manufactured. The car that Emily sold to Jim does not get added since it is not part of Chevrolet's sale.
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#1) Where is the best place to look for a firmware upgrade for a printer?
Answer: your printer manufacturer's website. Knowning your exact model of printer will be required in installing firmware. Printer firmware is the program stored inside of a printer, which allows it to receive information from a computer and turn it into a printed image.