Answer:
Requirement 1
<u>Machine A</u>
Cash $24,500 (debit)
Accumulated Depreciation $ 64,133 (debit)
Machine $80,700 (credit)
Profit on Sale of Machine $7,933 (credit)
Requirement 2
<u>Machine B</u>
Loss on Sale of Machine $9,300 (debit)
Accumulated Depreciation $ 16,200 (debit)
Machine $25,500 (credit)
Explanation:
For every sale of an Asset the following must happen :
- De-recognise the Asset Cost
- De-recognise the Accumulated Depreciation to date
- Recognise the Proceed (if any)
- Recognise the Profit or Loss on Sale of Asset in Income Statement
Answer:
Option E
Explanation:
A variable cost refers to the business expense that varies in relation to revenue from manufacturing. Based on the volume of output of a business, variable expenses gets significantly impact; these increase as productivity increases, and decline as production declines. Sources regarding variable costs typically involve raw material and storage costs.
Thus, from the above we can conclude that all of the mentioned costs are variable costs as direct labor , bottles and water will all increase as the level of production will increase.
Answer:
Gap 4, which deals with lowering customer expectations, can be closed at any time. While the first three gaps are concerned with raising company performance to meet expectations, gap 4 aims to lower customer expectations to meet perceptions.
Explanation:
The users of financial statements need to understand the change in the inventory level, this can be calculated by the users by comparing the current and last year's financial statement.
<h3 /><h3>What is Inventory?</h3>
Inventory is the current asset held by the company which is sold to customers to earn profits. This inventory is also called Stock, the inventory is presented in the financial statements under the current assets head.
The inventory breakup is also given in the notes to the financial statements and users are able to view and analyze that also.
Learn more about Inventory at brainly.com/question/27111629
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BCG matrix is a framework created by Boston Consulting Group to evaluate the strategic position of the business brand portfolio and its potential. It classifies business portfolio into four categories based on industry attractiveness (growth rate of that industry) and competitive position (relative market share