Answer:
Escalation of commitment
Explanation:
Escalation of commitment is the situation where an individual invest the resources into a course of action which is failing. Resources could be time, energy and money which an individual continue to invest into an investment as the individual do not want to be inconsistent.
So, in this situation, before releasing the payment, he ensures that the targets should be met for the performance. He is avoiding the situation of escalation of commitment bias.
Answer with its Explanation:
On February 14, the repairment of transmission is the repair and maintenance cost and hence it must be accounted for as an expense.
The Double entry would be:
Dr Repairs and Maintenance Expense $2,300
Cr Cash $2,300
On the same date, the installation of GPS system is an addition of an asset in the delivery truck hence it must be capitalized.
The Double entry would be:
Dr Delivery Van $450
Cr Cash $450
Answer:
7,780 units
Explanation:
When using the weighted-average method in its process costing system we are only interested in the equivalent units of the output in that particular process. Outputs being Units completed and transferred and units in ending work in process.
Units in Ending Work in Progress calculation
Units in Ending Work in Progress = 1,300 units + 8,300 units - 6,800 units
= 2,800 units
Conversion Costs
Units completed and transferred (6,800 x 100%) 6,800
Units in Ending Work in Progress (2,800 x 35 %) 980
Equivalent units of Production - Conversion Costs 7,780
Conclusion
the equivalent units for conversion costs for the month in the first processing department are 7,780 units
Answer:
The answer is below
Explanation:
Given that Section 1231 assets are a term that is used to describe the real or depreciable trading property acquired for more than a year. For example, landed property, buildings, etc.
Hence, in this case, the correct answer or statement to the question are:
1. If Section 1231 assets are sold and the taxpayer has a realized loss, the loss is a fully deductible ordinary loss
2. If Section 1231 assets held long-term are sold for a realized gain, the taxpayer has a potential long term capital gain that may be taxed at favorable capital gains rates but this result often does not occur
Answer:
C. households, firms, and the government.
Explanation:
In the actual economy, goods and services are purchased by households, firms, and the government.
