Answer:
The Journal entries are as follows:
(i) Sale of Equipment
Cash A/c Dr. $20,300
Accumulated Depreciation A/c Dr. $22,500
To Equipment $40,000
To Gain $2,800
(To record the sale of equipment)
(ii) Sale of Equipment
Cash A/c Dr. $12,700
Accumulated Depreciation A/c Dr. $22,500
Loss A/c Dr. $4,800
To Equipment $40,000
(To record the sale of equipment)
Workings:
Accumulated Depreciation = [(40,000 - 2,500) ÷ 5] × 3 years
= 7,500 × 3 years
= $22,500
Answer:
This question is incomplete, it misses the multiple choice options. The following are the options:
a. opportunity cost.
b. conversion cost.
c. sunk cost.
d. differential (incremental) cost
And the correct answer is the option B: conversion cost.
Explanation:
To begin with, a <em>''conversion cost''</em> is the name given in cost accounting to refer to the type of cost that includes the combination of direct labor costs and manufacturing overhead costs that are necessary in order to finish the final product whose goal is to be delivered to the client. That is why the wage costs of the additional drivers that will have to be hired for the long haul operations can be best described as a conversion cost due to the fact that the new direct labor costs will need to be included with the other manufacturing overhead costs in order to establish the new price of the product.
Answer:
lower the prices of imported components
Explanation:
In simple words, Job outsourcing allows American businesses to compete more effectively in the international economy. It enables them to advertise to international markets through their abroad operations. They keep labor costs cheap by recruiting in developing countries with poorer living conditions. As a result, the pricing of the items they send back to the United States are lower.
Answer:
✓Technological advance
✓quantity of capital
✓education and training
✓economies of scale, and improved ✓resource allocation
Explanation:
growth of productivity can be regarded as when the value of outputs that is been produced increased as regards to the level of input after some particular period of time