<span>You might be able to cope with future issues more easily this the correct answer. : )</span>
What we own are asset, adjustments ensure that asset balances are reported
<h3>
What is an asset?</h3>
An asset is of worth that has economic value and future benefit. An asset can serve as a source of income generating money for present and future endeavors.
Therefore, what we own are asset, adjustments ensure that asset balances are reported
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Answer:
(E). Rebates
Explanation:
A price break is a reduction in price of goods to encourage purchase.
Rebates may be offered in form of a return of a portion of the cash paid, to a customer after purchase has been made, or as a discount on price of goods during purchase.
This is done to encourage consumers to make purchases.
Answer:
the material quantity variance is $1,350 unfavorable
Explanation:
The computation of the material quantity variance is given below:
Materials quantity variance is
= (Actual quantity × Standard price) - (Standard quantity × Standard price)
= (21,200 × $1.50) - [(2,900 × 7) × 1.5]
= $31,800 - $30,450
= $1,350 Unfavourable
Hence, the material quantity variance is $1,350 unfavorable
The number of burritos that will be supplied depends on the costs the supplier incurs.
You did not include any charts that can be used to answer this specific question so I will give a general answer.
When a supplier is deciding the price at which to supply a good, they look at:
- Their costs both fixed and variable
- The price others are charging
- The demand for the good
The most important factor is their costs. If in this case, it costs more than $1 to produce a burrito, they will not supply burritos. If their costs are less than a dollar, the number of burritos supplied will then depend on other factors but they will supply some.
In conclusion, if the cost to make the burrito is less than $1, the supplier will supply no burritos but if the cost is less, they will supply based on other factors.
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