Answer:
Jackson Ltd
Software Development ($50,000) and Purchase ($100,000):
The accounting treatment consistent with the framework is to:
a. Recognise an asset of $100 000 and expense of $50 000.
Explanation:
The development cost of the Software which is abandoned cannot be capitalized. Software development cost can only be capitalized after testing for usability. Otherwise, Software development costs are expensed as they are incurred. On the other hand, the purchased Software can be recognized as a long-term asset, Plant, Property, and Equipment as it will be in use for more than 2 years.
Answer:
Decrease in Supply ; Increase in Price
Explanation:
Complements in Production are goods which are produced jointly using a given resource. Eg : Beef , leather belts & wheat , straw.
Law of Supply states that Price of a good & its supply are directly related. Price & supply of complements in production are also directly related.
If price of a good rises, supply of the good & its complement(s) in production rise. If price of a good falls, supply of the good & its complement(s) in production fall.
So: Leftwards shift in demand curve of beef, i.e decrease in demand of beef- will create excess supply of beef. Excess supply will create competition among sellers & reduce its price.
As beef & leather belt are complements in production : Decrease in price of beef will reduce the supply of leather belts. This decreased supply (leftwards shift) will create excess demand in leather belt markets & competition among buyers increase their price.
Answer:
D, neither excludable nor rival in consumption, a tornado siren is a public good.
Explanation:
A tornado siren is a siren that is used to give emergency warnings to a large population of an impending danger or danger that has passed.
A tornado siren otherwise known as the civil defense siren is of public good and as such is not a rival neither can it be excluded from consumption.
Cheers
Community Supervision and Corrections Departments are residential facilities run by the Department of Corrections at which offenders on probation and post-parole release receive supervision, vocational training, and counseling.
Beginner
My bad if i'm not wrong or i am
