Answer:
Decrease the accounts receivable account in assets section of balance sheet by $1,000
Increase the cash account in assets section of balance sheet by $1,000
Explanation:
The Accounting equation for any entity is represented by the following equation:
Assets= Equity + Liability
When the entity receive any amount from customer in respect of the any credit sale made to him, the account receivable in the asset section will be decreased by the that amount and the cash section in the asset section will be increased by that amount.
In this case, Fitch supply services shall
Decrease the accounts receivable account in assets section of balance sheet by $1,000
Increase the cash account in assets section of balance sheet by $1,000
Answer:
Disadvantages
Revenue losses because of the various tax exemptions and incentives.
Many traders are interested in SEZ, so that they can acquire at cheap rates and create a land bank for themselves.
The number of units applying for settimg up EOU's is not commensurate to the number of applications for setting up SEZ's leading to a belief that this project may not match up to the expextions.
<h2>Hope it helps you.</h2>
Answer:
D At the output where marginal revenue equals marginal cost.
Explanation:
As we know that the monopolist have the market power so we can said that the prices can be set at the output level i.e. when the marginal revenue is equivalent to the marginal cost
So as per the given options, the option d is correct
And, the same should be considered and relevant
Answer:
The correct answer is letter "D": Actual unit price minus budgeted unit price, times the actual units produced.
Explanation:
Quantity or efficiency variance refers to the difference between the number of inputs budgeted to be used against the inputs that were actually used in production. Labor errors or budgeting mistakes may lead to having a difference between the two figures mentioned previously. <em>While calculating the direct-material usage variance the actual quantity used is subtracted from the standard quantity allowed and the result is multiplied by the standard price.
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<em>While calculating the direct-material price variance, it is calculated by subtracting the current unit price minus the actual unit price and multiplying the result by the units produced.</em>
