Answer: $907,580
Explanation:
Under Absorption Costing you remove the opening fixed cost balance and add the ending fixed cost balance to find out the net income in this manner,
Net Income under Variable Costing = $911,000
Opening Fixed Overhead Cost
= 1.8 x 56,100
= $100,980
Closing Fixed Overhead Cost
= 1.8 x 54,200
= $97,560
= 911,000 - 100,980 + 97,560
= $907,580
This is the income under Absorption Costing.
If you need any clarification do react or comment.
Answer:
the amount paid for pickup truck is $32,000
Explanation:
The computation of the amount paid for pickup truck is shown below
= Fair value of machinery + cash paid
= $23,000 + $9,000
= $32,000
hence, the amount paid for pickup truck is $32,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Rest of the values would be ignored
Answer:
The answer is:
1) Purchase inventory from cash;
2) Pay trade accounts payable
4) Purchase stock in R&D partner
Explanation:
Please see the below for detailed explanations:
1) Purchase inventory from cash: Cash should decrease as cash payment needs to be made to supplier in exchange for inventory. The usual entry is Dr Inventory, Cr Cash;
2) Pay trade accounts payable: Cash balance should fall as cash will be transferred to creditor for settling Account Payable. The usual entry is Dr Account Payable Cr Cash;
3) Accruing operating expenses: this is to record expenses incurs but not yet paid or expenses had already prepaid in the past but had not yet incurred. Thus, cash balance will not be changed.
4) Purchase stock in R&D partner: Cash should decrease as cash payment needs to be made to partner in exchange for inventory.
5) Depreciation expenses: this is a non-cash expense.
Answer:
D
Explanation:
So, lets go over what inflation and purchasing power mean.
Inflation is the increase in money of something.
Purchasing power is a persons ability of pruchasing something.
Now, heres an example. A 300 dollar apple phone was quickly being purchased, and apple infalted the price to 600 dollars. Since people can only afford to purchase so much, some might not be able to afford this. This means not as many people can purchase it.
Since the price was raised, this measn the inflaction was increased.
Since the amount of people that could afford the apple phone shrunk, the purchasing power decreased.
So basically, to summarize this:
As the infaltion of an item is increased, the purchasing power is decreased, for less people can afford the higher price.
Answer:
<u>D - As the rate of inflation increases, purchasing power decreases.</u>
Hope this helps!
Answer:
d. rightward shift of the long-run aggregate supply curve.
Explanation:
Economic growth is an increase in the potential output of a country.
The long run aggregate supply curve is a vertical line. Economic growth is shown as a rightward shift of the long run aggregate supply curve.
I hope my answer helps you
