Explanation:
If the tax rate is 0%, the government will earn no revenue. If the taxation rate is 100%, the government will be the recipient of all revenue generated by the economy, and will thereby maximize its own revenue.
The statement, inventory can be calculated by dividing the total number of customers that arrived during a period of time by the length of that period of time, is false.
Inventory cannot be calculated by dividing the total number of customers which arrived during a period of time by the length of that period of time because that is how you calculate average flow rate.
First in calculating inventory, you will need to know the inventory levels on the first day of the accounting period. Then the inventory values must be multiplied by the number of items on hand with the unit price of the items.
Hence, one determines the total costs of goods available in that period to calculate inventory.
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I think it would be “oligopoly”
The amount of utilities cost for July that appears on the flexible budget is12,500*$0.33 = $4.
<h3>Flexible budget </h3>
A flexible budget is one based on different volumes of sales. A flexible budget flexes the static budget for each anticipated level of production. This flexibility allows management to estimate what the budgeted numbers would look like at various levels of sales.
<h3>How do you calculate flexible budget?</h3>
To do this, multiply the total production output by the variable cost of each unit produced. For example, if the total production output is 1,000 products and the variable cost for each unit is $25, the total variable cost is $25,000. You can also calculate average variable costs that are not related to production.
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Answer:
a. Capitalized : Equipment
b. Expensed
c. Capitalized : Building
d. Expensed
e. Capitalized : Equipment
f. Capitalized : Building
g. Capitalized : Building
h. Capitalized : Equipment
Explanation:
The Cost of Property, Plant and Equipment item according to IAS 16 includes, the Purchase Cost and any cost directly incurred in putting the assets in location and condition intended for use by management.
The costs exclude amounts collected in tax on behalf of third parties
Also not Capital expenditures increase the earning ability of the asset whilst revenue expenditure is the maintenance of such asset.