Firms that buy goods and services and sell them at a profit.
Re-sellers purchase things with the intent of selling them to other people and businesses and do not produce new goods or services.
Answer:
advise her friends this could constitute a violation of Sherman Antitrust Act
Explanation:
The purpose of the Sherman antitrust act is to promote the fairness and the competitiveness in order to regular the commerce i.e. intersttae
Since in the question it is mentioned that the commissions came up and comparision would be done on the commission rate so he should advise her friends that violate the Sherman antitrust act
SO the same is to be considered and relevant too
The financial records of any business should reflect that there is PROFIT from the respective business
Answer and Explanation:
The computation and the journal entries are shown below:
a. The depletion rate is
= $203,200,000 ÷ $12,700,000 tons
= $16 per ton
b. The amount of depletion expense for the current year is
= $16 × $2,980,000
= $47,680,000
c. The journal entry is shown below:
Depletion Expense $47,680,000
To Accumulated Depletion $47,680,000
(Being the depletion expense is recorded)
For recording this we debited the depletion expense as expenses is increased and credited the accumulated depreciation as it reduced the assets
Answer:
4,167 units
Explanation:
The computation of the minimum number of units that should be painted is as follows;
Let us assume the number of units in 3 years be x
So the labor cost without the machine is 1.4x
And, the Labor cost with the machine is 0.2x + $15000
Now the equation is
1.4x = 0.2 x + $15,000
x = $12500
Now
For Each year, it is
= $12,500 ÷ 3
= 4,167 units