The money a person gains after paying a citizens fee ( or for owning property or a building).
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If liability is classified as current, rather than noncurrent, the company's working capital will <u>decrease</u>.
Legal responsibility is something someone or an agency owes, usually a sum of money. Liabilities are settled over time through the switch of financial benefits inclusive of cash, goods, or services.
Assets are the items your corporation owns that could offer destiny economic benefit. Liabilities are what you owe different parties. In brief, belongings are placed to cash in your pocket, and liabilities take cash out.
In economic accounting, legal responsibility is described as the future sacrifices of economic advantages that the entity is obliged to make to other entities due to past transactions or different past activities.
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Think its the second one but not sure
Answer:
Variable cost per unit= $4
Explanation:
Giving the following information:
Georgia had total costs of $50,000 at its lowest level of activity when 5,000 units were sold. When, at its highest level of activity, sales equaled 12,000 units, total costs were $78,000.
Using the high-low method, we need to use the following formula to determine the unitary variable cost:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (78,000 - 50,000) / (12,000 - 5,000)
Variable cost per unit= $4
Answer:
$21
Explanation:
The computation of the minimum transfer price that should be accepted is shown below:
here the minimum transfer price should be equivalent to the variable cost per unit i.e. $21
Because the fixed cost is irrelevant in the given situation as it is remain fixed whether the production is increased or not
hence, the minimum transfer price is $21