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3 years ago

Whats considered a fixed assest

Business

1 answer:

Igoryamba3 years ago

3 0

Answer:

see below

Explanation:

Fixed assets are valuable items that cannot be converted into cash quickly. They are assets not meant for sale or consumption up in the current financial year.

Fixed assets are tangible or physical assets used by businesses in the productions or provision of services. They provide long term financial benefits to a business. Fixed assets have a useful life of more than one year. Land, buildings, motor vehicles, plant, and equipment are examples of fixed assets.

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_____ occur when the average unit cost of a good or service begins to increase as the capacity and/or volume of throughput incre

Alja [10]

 The Economies of scale  occur when the average unit cost of a good or service begins to increase as the capacity and/or volume of throughput increases.

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3 years ago

Suppose there are 1.000 identical firms producing diamonds. Let the total cost function for each firm be given by C(q, w) = q2 +

alexandr402 [8]

Answer:

For the price of $20 = $3,333.33

For the price of $21 = $3,500

Kindly go through the explanation for the other answers required.

Explanation:

(a)

C = q2 +wq = q2 + 10q

Firm's short run supply curve is its marginal cost (MC) schedule.

MC = dC / dq = 2q + 10

So, supply curve is: p = 2q + 10

Or,

q = (p - 10) / 2 = 0.5p - 5

Total industry supply, Q = 1,000 x q = 500p - 5,000

p = (Q + 5,000) / 500 [Industry supply curve]

When p = 20, Q = 500 x 20 - 5,000 = 5,000 [Number of diamonds supplied]

When p = 21, Q = 500 x 21 - 5,000 = 5,500

So, when P = 21, 500 more diamonds will be supplied.

(b)

(i)

If w = 0.002Q then

w = 0.002 x (1000q) [Since Q = 1000q]

w = 2q

C = q2 +wq = q2 + (2q)q = 3q2

So, MC = dC / dq = 6q

MC = 6 x (Q / 1000)

So, MC depends on Q.

(ii)

Long run supply schedule is when price = MC

p = 6q = 6 x (Q / 1000)

p = 3Q / 500 [Long run industry supply schedule]

(iii) When p = 20, Q = p x (500/3) = 20 x 500 / 3 = 3,333.33

(iv) When p = 21, Q = p x (500 / 3) = 21 x 500 / 3 = 3,500

(v) Short run supply curve is the positive part of MC.

p = 6q

Therefore, the SR supply curve is a straight line from origin, sloping upwards.

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3 years ago

Different customer statement types are available to suit different client situations. Heather wants to help her client send out

motikmotik

Answer: b. Open Item

Explanation:

The statement that Heather wants to help a client send out is to include unpaid invoices, unapplied payments, and Credit Memos which are essentially signs that the creditor has not been paid.

An open item statement would therefore work best because it is to include open accounts that are yet to be paid so will include all those entries described above.

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3 years ago

Will the fact that the euro has become the standard currency in the EU help or hinder a new McDonald's franchise in Europe?

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3 years ago

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Harold bought land from Jewel for $150,000. Harold paid $50,000 cash and gave Jewel an 8% note for $100,000. The note was to be

Flauer [41]

Answer: b. Harold is not required to recognize gross income but must reduce his cost basis in the land to $130,000.

Explanation:

When Harold bought the land for $150,000 he acquired a basis of $150,000 in the land. Due to Jewel's cash problems, he managed to pay $20,000 less for the land.

For tax reporting purposes, he need not recognize gross income but he must reflect that he acquired the land for $20,000 less in his basis for the land thereby reducing the basis to $130,000.

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4 years ago