Answer: A. make rational economic decisions.
Explanation:
The marginal benefits refer to the maximum payment that a consumer will make for an additional good or service.
Marginal cost is the additional cost involved in manufacturing a product with an additional service, due to the additional manufacturing of the product.
These two measures determine how the value of a product should change; if the price increases or decreases due to marginal benefit or marginal cost.
For example, <em>when buying one unit of a product the cost is usually higher than when buying multiple units. Likewise, when a product is purchased that has exclusive use or whose unit creation is high, the cost of the product will also be high due to its marginal benefit.</em>
<em>I hope this information can help you.</em>
Answer:
the entrance ticket is individual, while souvenirs are transferable
Explanation:
Based on the scenario been described in the question, the museum charges different entrants fee from children, which make the ticket and individual ticket at it was able to reduce the price for children, while the museum charges the same price for all the group on souvenirs, that is because souvenirs are transferable compared to the tickets.
Answer:
$275,400
Explanation:
Accumulated depreciation is the amount of depreciation which is accumulated against each years depreciation and carried until the disposal of the asset. This account will be closed on the disposal of the asset with cost of the asset.
Cost of Machinery = $459,000
Useful life = 5 years
In sum of the year method we add all the years and calculate the respective depreciation based on the year of depreciation as follow
Sum of Years = 5 + 4 + 3 + 2 + 1 = 15
As only only 2 years depreciation is accrued and accumulated from April 1, 2019 to March 31, 2021.
Accumulate depreciation = $459,000 x (5+4) / 15 = $275,400
Answer:
Wei Company
Journal Entry:
Debit Allowance for Doubtful Accounts $7,800
Credit Accounts Receivable $7,800
To write-off accounts determined to be uncollectible.
Explanation:
a) Data and Calculations:
Allowance for Doubtful Accounts (Balance) = $35,000
Uncollectible accounts:
Oakley Co. $1,400
Brookes Co. $6,400
Total = $7,800
b) The amount of $7,800 considered to be uncollectible is written off against the Accounts Receivable. This reduces the Accounts Receivable while correspondingly increasing the Allowance for Doubtful Accounts.
Answer:
The correct answer is B. Correct! Since Ace is not in control of the actions of Kosier (an independent contractor), Ace would generally not be responsible for Kosier's torts.
Explanation:
An independent contractor is a person who is hired to do a specific job. It is said that she is her own boss because she controls how and where the work is done.
These people have greater freedom and only undertake to perform the specific function they agreed with the person owning a company. For example, the independent contractor agrees that he will serve clients at a 9 a.m. store. at 1 p.m. or that he will go to the meetings and prepare a report on the subject assigned to him. Outside these specific functions, the independent contractor controls how he manages his time.
