I don’t know for sure so check on google or quiz let
The answers are state, and international system
I hope that helped
Answer:
The correct answer is B that is gain of $1,000
Explanation:
The amount of gain or loss on the disposal of the fixed assets is computed as:
Amount of loss or gain = (Selling Price + Accumulated depreciation) - Cost of fixed assets
where
Selling Price is $27,500
Accumulated depreciation is $3,500
Cost of fixed assets is $30,000
Putting the values above:
= ($27,500 + $3,500) - $30,000
= $31,000 - $30,000
= $1,000
It is a gain of $1,000 on disposal of the fixed assets.
Answer:
correct option C. increase production.
Explanation:
given data
producing = 37 units
marginal cost MC = $3
sell MR = $5
solution
the profit is maximum at MR = MC ..............1
and here MR = $5 and MC = $3
then production should be increased up to the MC = MR = $5
so correct option is C. increase production
Answer and Explanation:
Particulars Microscopes
Made units 11,800
Less : Sold units 7,800
Closing Inventory 4,000
Now
Cost per Microscope is
= $66,375,000 ÷ 11,800
= $5,625.
Now
The Portion of Transportation Cost still in hand in Ending Inventory is
= $5,625 × 4,000
= $22,500,000
Now the identification of the financial statement elements are as follows
Assets Overstated $22,500,000
Liabilities Not Affected
Retained earnings Overstated $22,500,000
Revenue Not Affected $22,500,000
Expense Understated $22,500,000
Net income Overstated $22,500,000
The liabilities and the revenue is not affected and the other items would affected accordingly
