Answer:
When it comes to capitalizing assets, all expenses that relate to the acquisition and installation of the asset will be capitalized.
Land
= Cost of land + razing cost + Legal fees + Title insurance - Salvaged lumber
= 400,000 + 42,000 + 1,850 + 1,500 - 6,300
= $439,050
Building
= Survey cost + Drawn up factory plans + liability insurance + Construction cost + interest cost
= 2,200 + 68,000 + 900 + 2,740,000 + 170,000
= $2,981,100
Answer:
The correct answer is letter "C": managerial accounting.
Explanation:
Managerial Accounting is an internal accounting system that helps managers to assess their decision outcomes. One common managerial accounting function is to assess the profit margin on the goods of the company. This information helps top executives set prices on those goods to ensure that good enough profit margins are being earned.
Answer:
D
Explanation:
Complementary goods are goods that are consumed together
If the cost of microchips fall, it becomes cheaper to produce hardware. As a result, there would be an increase in the supply of hardware. An increase in supply would lead to a rightward shift of the supply curve. As a result equilibrium price decreases and equilibrium quantity increases.
As a a result of the decrease in price of hardware, it would become cheaper to purchase hardware. Thus, the demand for hardware increase. Since hardware and software are complements, there would also be an increase in the demand for software. This would lead to rightward shift of the demand curve for software. . An increase in demand leads to a rightward shift of the demand curve. As a result, equilibrium price and quantity increases
Answer:
$27,720
Explanation:
The computation of the interest expense
= Principal amount × rate of interest × number of months ÷ (total number of months in a year)
= $198,000 × 14% × (12 months ÷ 12 months)
= $27,720
Basically we applied the simple interest formula to determine the interest expense and the borrowed amount is taken on January 1, 2018 and the interest expense should be reported on December 31, 2018 that comprises of 12 months
The organization that does not provide free or loss cost training and counseling associated with the Small Business Association is IBRD.
<h3>What is Small Business Association?</h3>
A Small Business Association are agencies that provides resources (like capital, skill, advice) to small businesses for innovation, growth etc
SCORE, VBOC and WBC are all agencies that provide free mentoring services, free training, loss-cost training, counseling etc
Hence, the organization that does not provide free or loss cost training and counseling associated with the Small Business Association is IBRD
Therefore, the Option A is correct.
Read more about Small Business Association
<em>brainly.com/question/2072884</em>
