Answer:
Company logo cost and the two year service contract
Explanation:
The capitalized cost of the asset includes those costs that is shown on the asset side of the balance sheet.
In the given scenario, the capitalized cost includes acquisition cost, sales cost, and the title transfer fee
But the cost that is not capitalized and is not reflected on the balance sheet is a company logo on the van and the two-year service contract
Answer:
Equilibrium Price = 40 ; Equilibrium Quantity = 600
Explanation:
Equilibrium is where : Market Quantity Demanded = Market Quantity Supplied
Market Quantity Demanded = No. of Consumers x Individual Demand Curve
= N x Qi = 100 [10 - 0.1P] = 1000 - 10P
Market Quantity Supplied = Qs [Given]
So, Equilibrium is where :
1000 - 10P = 20 P - 200
1000 + 200 = 20P + 10P
1200 = 30P
P = 1200 / 30 = 40 [Equilibrium Price]
Equilibrium Quantity : Putting Equilibrium price value in Quantity demanded & quantity supplied;
Quantity Demanded = 1000 - 10 (40) = 1000 - 400 = 600
Quantity Supplied = 20 (40) - 200 = 800 - 200 = 600
Answer:
Debt Salaries payable is $8800
Credit Salaries expense is $8800
Explanation:
given data
earn unpaid and unrecorded salaries = $8,800
paid = $22,000
to find out
journal entry to reverse the effect
solution
here journal entry to reverse the effect January 1 journal entry to reverse the effect of the December 31 salary expense accrual is as
particular debt credit
Salaries payable $8800
Salaries expense $8800
as here unpaid salaries of December is paid in January
The idea that is not consistent with perfect competition is product differentiation.
<h3>What is a perfect competition?</h3>
A perfect competition is a market where there are many buyers and sellers of identical goods and services. Market prices are set by the forces of demand and supply. This, they are price takers. There are no barriers to entry or exit of firms into the industry.
Here are the opti0ns to this question:
product differentiation
freedom of entry or exit for firms
a large number of buyers and sellers
price-taking behavior
To learn more about perfect competition, please check: brainly.com/question/17110476s
Answer:
Labor Rate Variance:
= Actual direct labor hours × (per actual direct labor hour price - per Standard direct labor hour price)
= 368 × (16.50 - 15)
= $552 U
Labor Efficiency Variance:
= Per Standard direct labor hour price × (Actual direct labor hours - Standard direct labor hours)
= 15 × (368 - 400)
= $480 F
The journal entry to record labor variances is:
Work in process A/c Dr. $6000
Labor rate variance A/c Dr. $552
To Labor efficiency variance $480
To Payroll $6,072
(To record labor variances)
