Janice's choice is an example of fiscal responsibility. Fiscal responsibility is characterized as utilizing the assets of the patient to amplify medical advantages while at the same time using the assets of the organization to boost cost-adequacy. Being monetarily dependable means settling on capable asset portion choices.
<span>I think this would complete the sentence.</span><span>
</span><span>A test plan consists of detailed procedures that specify <u>test equipments.</u> </span><span>
</span><span> The test plan can lead to the identification of the needed test equipment to successfully implement the test plan. I hope this answered your question.</span>
Answer: The company should not buy the new equipment
Explanation:
For the 1st case:
Revenue = Selling price × Number of units
= 1 × 30000
= $30,000
Total cost = Fixed cost + Variable cost
= 14000 + (0.5 × 30000)
= 14000 + 15000
= $29000
Profit = Revenue - Cost
= $30000 - $29000
= $1000
For the 2nd case:
Revenue = Selling price × Number of units
Revenue = Selling price × Number of units
= 1 × 50000
= $50,000
Total cost = Fixed cost + Variable cost
= 20000 + (0.6 × 50000)
= 20000 + 30000
= $50000
Profit = Revenue - Cost
= $50000 - $50000
= $0
Based on the calculation above, the company should not buy the new equipment as no profit will be made while currently a profit of $1000 is made.
Answer:
Units produced in the year
Explanation:
The production method of calculating depreciation helps in calculating the depreciation that truly reflects the fall in value of the asset by the production of number of units. This way of allocation of is useful where the life of the machinery can be easily measured and also that the method truly represents the fall in value.
The complete formula is under:
Depreciation = (Cost – Residual Value) * Act. Production / T.Estd Production
