Answer:
Cost price formula = Cost + Profit
Explanation:
The Cost price formulas count two factors the gives price of product and services. The cost price formula has two factors cost of product and profit percentage that seller want to generate from specific product or services.
Answer:
Cullumber Company
Balance Sheet
As at 2022
Explanation: Amount in $
Current Assets
Accounts Receivable 12,500
Cash 13,000
Prepaid Insurance 6,600
Supplies 4,600
Total Current Assets 36,700
Non-Current Assets
Equipment (225,000-36,900) 188,100
Total Assets <u> </u><u>224,800</u>
Liabilities & Shareholders' Equity
Current Liabilities
Accounts Payable 10,600
Notes Payable 65,000
Salaries Payable 3,900
Total Current Liabilities 79,500
Equity
Common Stocks 97,000
Retained Earnings (25,900+133,000-21,400-13,600-2,600-16,800-33,500-6,700) 64,300
Dividends (16,000)
Total Equity 145,300
Total Liabilities & shareholders' equity <u>224,800</u>
<u>Explanation:</u>
When the wages of the laborers increase the cost to the company increases so the company tries reduce the in take of the labors. When the intake is reduced the demand for the labor falls down. When there is a low demand then the demand curve will shift to left in the graph.
When the wages are low then the firms would intake many employees as labor is cheap in the market. This would increase the demand for labor and the demand curve would shift to right.
Answer:
A
Explanation:
If price of equipment which can be used as substitute for labour then company will prefer to buy that equipment which will decrease the demand for labour in a perfectly competitive labour market. Equipment will work as the replacement of labour.
Answer:
Depreciation Expense
Explanation:
There are two sections consist of debit columns and credit columns in the trial balance. Moreover, the debit and the credit total are always equaled and matched
While the adjusted trial balance is the trial balance that is prepared after recording the adjusting entries
So, the depreciation expense should probably would not be appear as it is to be charged over the remaining life of the fixed asset