Answer:
The answer is $994.85
Explanation:
This can be calculated using the proportion method.
Unit $ worth of the property costs = $550 / $68,000 = 0.008088
$123,000 worth of property costs = 0.008088 * $123,000 = $994.85
Answer:
See the explanation section.
Explanation:
Mar. 4 Cleaning supplies debit = $77
Accounts payable - Health-Rite Supplies credit = $77
<em>To record the purchase of supplies.</em>
Mar. 19 Office equipment Debit = $3,750
Accounts payable - office Warehouse Credit = $3,750
<em>To record the purchase of office equipment on account.</em>
Mar. 23 Cleaning supplies Debit = $224
Accounts payable - Rubble Supplies Credit = $224
<em>To record the purchase of supplies.</em>
False, in developed nations labor costs are much much higher which is why labor is sent over to less developed countries
Answer:
The answer is option A) The short run recommendation for a monopolistic firm is to remain at the current output level
Explanation:
In the short run, monopolistic firms could record losses but still continue to run in anticipation of a sustainable profit in the long run.
A self-employed profit-maximizing consultant specializing in monopolies understands that the short run losses experienced in a monopoly is also an advantage in that it reduces the participation of more players in the same industry/ market segment.
The best recommendation would be to remain at the current output level during the short run to cut losses, sustain patronage and then develop a long term strategy that will guarantee profitability in the long run.
When proprietors decide to combine their business and form a partnership, gaap usually requires that non cash assets be taken over at : C. fair market vale
The data will be used to calculate the percentages of ownership of each combined companies
hope this helps
