A market is
e. all of the above
Explanation:
A market has the following characteristics,
- It is often a physical place facilitates to market
- exchanges between buyers and sellers typically
- involves monetary transactions
- might not have well-defined geographical limits
- the value, cost and price of items traded are as per supply and demand in a market.
- Physical market is a place where buyers can directly meet the sellers physically and purchase their desired merchandise from them in exchange of money.
- A market is a place where people can go to buy or sell things.
Answer:
controllable margin for the year is $180,000.
Explanation:
The Controllable Margin is the Profit that is controllable by the divisional manager.
<u>Calculation of Controllable Margin : </u>
Contribution Margin $360,000
Less Controllable fixed costs ($180,000)
Division Controllable Margin $180,000
A major result of increasing urbanization in african nations has been the movement of people from the country to the city and probably less people involved in agriculture. Also, it would probably result in a more informed populace since cities tend to be more complex societies than villages and more connected to what is happening in the world.
Answer: $738,000
Explanation:
The amount they should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020 goes thus:
The amortization for 2018 and 2019 will be:
= $1,230,000 × 2/10
= $246,000
Then, the carrying value of patent in the beginning of 2020 will be:
= $1,230,000 - $246,000
= $984,000
It should be noted that the remaining life will be:
= 6 years - 2 years
= 4 years
2020 Amortization will then be:
= $984000/4 =
$246000
Accumulated Amortization will be:
= $246,000 + $246,000
= $492,000
Therefore, the amount reported in patents will be as at December 31, 2020 will be:
= $1,230,000 - $492,000
= $738,000
These kind of expenses are under the capital costs. Capital costs are fixed costs acquired when you build the establishment in order to make it commercially operable. For example, when you want to open up your own clinic, you would have to build your own office and spend money to buy medical equipment and their installation costs. Moreover, you would have to spend on legal works to register and acquire your business permit. These costs are one-time only and incurred at the early stages of your milestones.
