Answer:
production at this point is technically inefficient.
Explanation:
Efficient production processes requires a producer to either minimise the inputs they are using at a given output or maximise output level at a given input level.
Technical inefficiency is when input is not minimised or output maximised.
In the given instance the fixed cost (airplane) remains unchanged. However crew members can be variable.
If the airplane only requires 3 crew members and 4 crew members are now used, the company is not minimising inputs used so they are technically inefficient.
Answer:
Option D. Prepare a trial balance, prepare adjusting entries, prepare financial statements
Explanation:
The accounting cycle sequence is given as under:
- Analyzing the business
- Journalize the Transactions
- Post to Ledger Accounts
- Prepare a Trial Balance
- Posting adjusting entries and Preparing an adjusted trial balance
- Preparing the financial statements
- Journalize and post closing entries
- Prepare a post closing trial balance and financial statement
So we can see that the three steps highlighted above are the sequence shown in the option D. Hence option D is correct.
Answer:
Big buy must sell at large at a smaller price which will give tough time to Radio Shack and this is the threat that RadioShack don't want to bear.
Explanation:
Best Buy will choose large quantity because it helps in satisfying the needs of public at large at a lower price. This will force RadioShack to lower its price which will result in losses and this fear of losses will act as a enterance deterent. Though the profit on this strategy is lower but it will safeguard future revenues as RadioShack will not enter the market or get defeated very quickly.
The answer is The amount of VAT payable to both the business are:
VAT payable by Querrey Inc. is $11,16,000
VAT payable by Ronno Inc. is $3,72,000
What is the computation of VAT payable?
- For Querrey Inc.Sales Revenue = 12, 400, 000units* $9F = $11, 16, 00, 000
- VAT on Sales = $11, 16,00,000* 3%
- $33,48,000
- VAT on Material 12, 400, 000units * $6: = $22, 32,000
- For Ronno Inc.Sales Revenue = 12, 400, 000units $10= $12, 40, 00, 000
- VAT on Sales = $12, 40,00,000* 3%
- $37,20,000
- VAT on Purchase = 12,400,000units* $9= $33, 48,000
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The statement "in the cost approach to valuation, land value can be estimated by comparing sales of vacant land that are similar to the subject land" is true.
<h3>What is valuation?</h3>
Valuation is an estimation of the price of a good or a product. When a product is manufactured, its evaluation is estimated. It is estimated by seeing the manufacturing price, labor cost, and raw material cost.
Here, the valuation of vacant land and subject land is estimated, which is similar by seeing the comparison. So the statement will be correct about the comparison.
Thus, the statement is true.
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The question is incomplete. Your most probably complete question is given below:
State whether true or false.
