Answer:
The daily consumption rate per capita is equal to USA daily consumption divided by the population in 2010.
This give us 0.062 barrels of oil (19,148,000/309,000,000).
Explanation:
The usage of barrels of oil is indicated in a daily total of 19,148,000 barrels.
The 2010 USA population is given as 309 million.
Therefore, to obtain the daily consumption of barrels of oil per person or the consumption rate per capita, the daily consumption is divided by the population.
Consumption rate per capita is the consumption per each head in the population.
This consumption rate per capita can be used to compare the consumption over time and with other countries with different population sizes. This rate also indicates how each individual citizen of the USA is affected by the consumption of oil.
It does not actually imply that each individual has or can consume such quantity of oil per day.
Answer:
In the wake of shutting overall gain/misfortune to the proprietor, capital record, the salary rundown will have a parity of O.
Explanation:
The equalization of Income summary accounts is a transitory record and is moved to portion the record the parity might be Income (if income is higher than costs) or Loss Of income is lesser than costs. At the point when the impermanent record close, its equalization comes back to zero Therefore, in the wake of shutting net gain/deficit to the proprietor, capital record, the pay rundown will have a parity of O.
Answer:
If the Profit under absorption costing is higher, this means ending inventory is higher than beginning inventory.
Amount of Per units fixed cost will be: $55,080 / 10,800 = 5.1 per unit
Profit impacting units = ($110,840 - $83,000) / 5.1
Profit impacting units = $27,840 / 5.1
Profit impacting units = 5458.823529
Profit impacting units = 5,459 units
So, between the beginning and the end of the year, the inventory level increased by 5,459 units
The realisation principle indicates that the revenue from these ticket sales should be recognised in the period in which the Wine tasting is held.
Explanation:
It complies with Revenue Recognition Accounting Policy 9. It will be a burden for the organization, until the moment services are provided for which the money is taken.
Revenue recognition is a GAAP which defines the specific conditions under which revenue can be recognized. Revenue recognition is a generally accepted concept of accounting. In fact, when the crucial event happened, profits are remembered and the value of the profit for the company is tangible.
For Example, when a product is sold, the profit accounting is relatively straightforward, and the customer pays the products. Nevertheless, the fact that a company takes a long amount of time to manufacture a commodity will confuse accounting. Consequently, there are a number of situations in which the concept of acknowledgment of profit may be excepted.
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