If your taking about resturants a busser usually buss tables meaning they clean and make sure the table is nice and clean for the next customer who arives.
Answer:
the seller must record the land at the purchase price = $137,000
Explanation:
Fixed assets like land must always be recorded at historical cost. This is specially important regarding land because it doesn't depreciate and its carrying value will always be the purchase cost since it cannot be adjusted if the fair market value changes.
Answer: d. The book value of the mine decreased $573,400 during 2014.
Explanation:
Book value of the mine is:
= Cost + Amount spent to make mine ready
= 4,324,000 + 760,000
= $5,084,000
The depreciation for this mine will be done based on the amount of minerals removed per year from the estimated total. It will be based on the depreciable value which is the book value net of the residual value.
In year 2014, depreciation is:
= Proportion removed * (Book value - Residual value)
= 61,000 / 460,000 * (5,084,000 - 760,000)
= $573,400
Answer:
Net profit: 52,500
Explanation:
Sales revenue 125,000 (Only recogniced by the sold goods)
COSG -75,000 (Only recogniced by the sold goods)
Commission 12,500 (recognized even without being collected)
Freight cost <u>-10,000</u> (It´s an expence of the period)
Net Profit: 52,500
The rest of goods given to consignee is an Asset (Consignment inventory) for 25,000
The avertising paid for by consignee, to be reimbursed $5,000 is a liability.
Answer:
a. percentage change in quantity demanded divided by percentage change in price equals price elasticity of demand
Explanation:
As we know that
The price elasticity of demand shows the relationship between the change or varied in quantity demanded with respect to change or varied in price
Here the change or varied in quantity demanded comes on the numerator side while the change or varied in price comes on the denominator side
So the first option is correct
