Answer:
The materials and supplies in the planning budget for November
= $2,090 + $15 per vehicle
= $2,090 + $15 x 89 vehicles
= $2,090 + $1,335
= $3,425
The correct answer is D
Explanation:
The materials and supplies in the planning budget are comprised of a fixed cost of $2,090 plus a variable cost of $15 per vehicle. The number of vehicle budgeted for was 89 vehicles. Thus, the materials and supplies in the planning budget will be $2,090 plus $1,335 x 89 vehicles.
Answer:
The answer is: C) oversees the operations of the FASB.
Explanation:
The Financial Accounting Foundation (FAF) is an independent and private organization that is responsible for establishing and improving financial accounting and operating standards. It is also responsible for educating its members about any changes in the accounting and operating standards.
The FAF is responsible for the oversight, administration and financing of the Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB).
Answer:
284%
Explanation:
You calculate it using the conversion method
Answer:
The answer is: B) Debit balance of $10,000
Explanation:
Accounts Receivable account is an asset, and when assets increase, they have to be debited.
Before any adjustment was made, Accounts Receivable had a $6,000 balance. The new contract is worth $24,000 hat shall be divided into 6 months, which means $4,000 per month.
So at the end of the month the $4,000 form the new contract must be added to Accounts Receivable. This has to be done be a debit record of 6,000, so the adjusted balance of the account is 10,000.
Answer:
The correct answer is D. not able to be calculated from the information given.
Explanation:
The consumer surplus is the gap between the maximum price that the consumer is willing to pay and the price the consumer actually pay.
So, in this case, to get consumer surplus , we have to know the price that Mister Smith was willing to pay and the price he actually paid. We only have the price he paid and we don't know how much he was willing to pay.
Then , we are not able to calculate consumer surplus with the information given.
