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Naya [18.7K]
3 years ago
5

The Tech Hotel purchased a computer for $3,000 that the salesperson said was actually worth $3,500; it is projected that the com

puter will have a market value of $2,500 in one year. The cost principle dictates that the computer purchase be recorded at the date of purchase for:
Business
1 answer:
____ [38]3 years ago
3 0

Answer:

$3,000

Explanation:

<em>The historical cost principles states that asset purchased are to be recorded at their initial cost of historical cost value. </em>

<em>According to International Accounting Standards (IAS) 16, property plants and equipment, the cost of an asset includes all of the cost necessary to bring and make it ready for the intended use. </em>

These costs include purchase cost, fees and commission associated with the purchase transaction.  

Going by this principle, the computer should be recorded at the purchase cost of $3,000

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Economic systems differ according to which two main characteristics?
nikitadnepr [17]

Answer:

A.

Explanation:

Economic systems refers to the different ways in which a government moves and distributes the resources that the country needs, including labor, capital, entrepreneurs, physical resources and information resources. That being said the two main characteristics that explains how they differ would be who owns the factors of production which are the 5 stated above, and the methods used to coordinate economic activity.

4 0
3 years ago
The first step in marginal analysis is to determine
salantis [7]
 <span>Marginal analysis is the process of identifying the benefits and costs of different alternatives by examining the incremental effect on total revenue and total cost caused by a very small (just one unit) change in the output or input of each alternative.</span>
5 0
3 years ago
Read 2 more answers
During 2014, carlita's competitor farside had double the sales of carlita, but it also earned a gross margin of $30,000. what wa
Olegator [25]

The gross margin percentage is 12.5%.

Gross income is revenue much less the charges of products bought. Gross profit and gross margin are on occasion used interchangeably. in the meantime, gross margin and gross profit margin also are used interchangeably, Gross profit margin takes the gross income (sales much less value of goods bought) and divides it via sales.

Gross margin is revenue minus the price of goods bought (COGS). Gross margin is now and again used to refer to gross income margin, that's revenue minus price of goods bought (or gross income) divided by means of revenue.

Gross margin equates to internet sales minus the fee of products offered. The gross margin indicates the amount of profit made earlier than deducting promoting, standard, and administrative (SG&A) fees. Gross margin can also be called gross profit margin, that's gross profit divided via net sales.

Farside's sales = (Sales of Carlita * 2) = $120,000*2 = $240,000.

Farside's gross margin percentage

= (Gross margin / Sales) * 100

= ($30,000 / $240,000) * 100

= 12.5%

Learn more about gross margin here: brainly.com/question/8189926

#SPJ4

6 0
2 years ago
________ examines organizational units for efficiency, effectiveness, and adequate controls.
mel-nik [20]
Currently, I would say LEAN and Six Sigma.
8 0
3 years ago
Lindsay and Sandy run a landscaping firm that cuts lawns and prunes trees. Lindsay is more productive than Sandy at both tasks.
ELEN [110]

Answer:

True

Explanation:

A person (or company or country) must specialize in the production of the good or service for which they possess a comparative advantage.

Lindsay has an absolute advantage in both cutting lawns and pruning trees, but that doesn't mean that she has a comparative advantage at both.

7 0
3 years ago
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