Total cost per week = $3600
The correct option is <u>C.$3,600</u>.
<u>Explanation</u>:
<em><u>Given</u></em>:
Cost for constructing and purchasing the equipment for restaurant = $520,000
Minimum return = 10% of investment
Restaurant is opened = 52 weeks per year
No. of meals = 900 meals/per week
Cost of meal = $5
Expense for material and electricity= $600
Expense for weekly wages = $1000
Fixed cost per week = ([520,000(.10)]/52) + 1000 = 2000
Variable cost = 1000 + 600 = 1600
Total cost = Fixed cost per week + Variable cost
= 2000+1600 = 3600.
Total cost per week = $3600
Answer:
That is correct this is a liability
Explanation:
That is correct this is a liability. That is because a liability refers to being legally responsible for something. In this scenario, since they paid you $200 for hair coloring then you owe the client that. Meaning that you are legally responsible to provide hair coloring services to the client and until you do that you are liable.
Answer:
d. In the following year using a half-year convention
Explanation:
Since the mechine will only be in service in January of the following year, The corporation cost recovery should begin in the following year using a half year convention.
The answer to that question is letter D. hope this helps
