The government may either sell goods or render services like train, city bus, electricity, transport, posts and telegraphs, water supply, etc. The government also earns revenue from the production of commodities like steel, oil, life-saving drugs, etc.
The Money is the price of labour
Answer:
$52,000
Explanation:
The computation of the cost of inventory is shown below:
= Cost of merchandise + freight charges + insurance during transit + import duties - discount
= $50,000 + $1,500 + $500 + $1,000 - $1,000
= $52,000
The discount is computed below:
= Cost of merchandise × given percentage
= $50,000 × 2%
= $1,000
The advertising and the sales commission should not be considered. Hence, ignored it
Answer:
Company should load 1,479.9 motorcycles on each truck.
Explanation:
Cost per trip = $1,000
Demand for motorcycles = 300 per day
Cost per engine = $500
Holding cost = 20% of $500
= $100
Assuming that company plant works for 365 days in a year,
Annual demand = 300 motorcycles × 365 days
= 109,500 motorcycles
where,
D = Annual demand in units
S = Set up cost per order
H = Handling cost per order
= 1,479.9
Thus, the company should load 1,479.9 motorcycles on each truck.
Answer: An estimate is recorded by debiting debt expense and crediting allowance for doubtful account in the same period as the related sale.
Explanation:
The entry to record the write off a specific customer which is typically recorded later accounting period than when sales occur.
