Answer:
Option (c) is correct.
Explanation:
Average fixed costs is determined by dividing the total fixed costs by the amount of output produced.
For example:
Total fixed cost = $5,000
Number of units initially produced = 100 units
Therefore, the average fixed cost at 100 units is calculated as follows:
= $50 per unit
Now, suppose the number of units produced increases from 100 units to 200 units. Then, the average fixed cost is calculated as follows:
= $25 per unit
Therefore, we can conclude that as the output of a particular firm increases, as a result the average fixed cost decreases.
Answer:
$2,500; $1,500
Explanation:
Given that,
Total amount invested = $4,000
Let the amount invested at 2% be x,
and the amount invested at 3% be (4,000 - x)
Interest earned = $95
Time period = 1 year
Simple interest = Principle × Interest rate × Time period
$95 = (x × 0.02 × 1) + [(4,000 - x) × 0.03 × 1)
$95 = 0.02x + 120 - 0.03x
$95 = -0.01x + 120
0.01x = 120 - 95
0.01x = 25
x = 2,500
Therefore,
Amount invested at 2% = x = $2,500
Amount invested at 3% = (4,000 - x)
= 4,000 - 2,500
= $1,500
Answer:
A gain on the sale of a depreciated or to be depreciated asset.
Explanation:
A gain from sale of depreciated asset is added to net income while computing the net income.
While preparing the cash flow statement, using indirect method, we make adjustments to net income, in such adjustments, we decrease the value of gain recorded in such net income from sale of depreciated asset, as the entire amount of sale consideration is added in cash inflow from investing activity.
Thus the correct option for above is
Last Statement
A gain on the sale of a depreciated or asset which has to be depreciated.
Answer:
because they are in high demand because so many other people want them
Answer:
Entry for december 1, 2021:
Purchase Inventory=$853,000
Liability on purchase commitment=$902,900-$853,000
Liability On purchase commitment=$49000
Cash=$902,900
Explanation:
Entry for december 1, 2021:
Purchase Inventory=$853,000
Liability on purchase commitment=$902,900-$853,000
Liability On purchase commitment=$49000
Cash=$902,900
