Answer and Explanation:
The computation of the depreciation expense using straight line method is shown below:
Formula to be used:
= (Purchase cost - salvage value) ÷ (estimated service life)
For 2021
= ($35,000 - $5,000) ÷ (10 years)
= $3,000
For 4 months, it would be
= $3,000 × 4 months ÷ 12 months
= $1,000
And, for the year 2021, it would be the same i.e. $3,000
Answer:
D. a premium roof top restaurant in the same city.
Explanation:
The reason for the selected option above is not far fetched, it was said that the restaurant is located within the premises of the hotel, being a five-star. Secondly, the customers of Golden Harvest Restaurant are concerned about the quality dining and not bothers on how much they pay to enjoy their quality dining.
Answer:
Consumers are basis for any economy to work out.It is the consumers for which the country works and makes sure to fulfil the demand of the market. New businesses come into existence because they create needs in the consumers and fulfil those needs. These businesses become a part of the economy and therefore give an input.
If there are no consumers, there will be o demands and the produces will have no needs or demands to fulfil which would lead to less production and therefore leading towards the fall of the economy.
POWER & RESPECT COMES ALONG WITH BUSINESS PLAN'S
Answer:
b. who supplies the smallest quantity of the good among all sellers, and the marginal buyer is the buyer who demands the smallest quantity of the good among all buyers
Explanation:
- Marginal sellers and buyers are one who sells at a price that is lower than the other and barley sells in the market. Thus he sells his goods at the economic costs and does not earn a surplus.
- Thus he has to maintain a margin within the market he can also leave the market if the prices tend to be lower.
