1. Divide price by quantity:
6/5 = 1.20 each
2. 3/2 = 1.50 each
3. profit/ loss = sold - purchased price
1.50 - 1.20 = 0.30 profit
A change from straight-line depreciation to double-declining-balance depreciation would be reported as a restatement of the prior period statements only.
The term depreciation refers to an accounting technique used to spread the cost of a tangible or physical asset over its useful life. Depreciation indicates how much of an asset's value has been used. It allows companies to generate income from the assets they own by making payments over a period of time.
Depreciation expense is apportioned to charge a reasonable portion of the depreciation amount for each accounting period over the expected useful life of the asset. Depreciation includes the depreciation of assets with a predetermined useful life.
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Answer:
The correct answer is Repetitive process.
Explanation:
Repetitive or series processes: those processes that produce items in large quantities, in bulk at regular intervals, where large quantities of homogeneous products are produced, such as the automotive, electronics, toys, food, etc.
Generally these processes are mechanized and even automated, the adjustments of the machines are scarce, the volumes are high, the labor force is little specialized and there is a permanent maintenance service.
Answer: fixed position layout
Explanation:
Some of the vital factors that are considered with regards to the location of a facility are the closeness to the customers, and the suppliers, future expansion and environmental regulations.
The type of facility layout whereby machines, tools, and other resources move toward the product is referred to as fixed position layout.
The initial net working capital requirement for this project exists $69,000.
<h3>What is meant by net working capital?</h3>
The difference between a company's current assets such as cash, accounts receivable/unpaid invoices from customers, and inventories of raw materials and completed goods and its current liabilities such as debts and accounts payable is known as working capital, sometimes known as net working capital (NWC).
The difference between a company's current assets and current liabilities is known as net working capital. A company's balance sheet is used to calculate net working capital. The more net working capital you have, the more probable it is that your business will be able to pay its present commitments.
net working capital requirement = $61,000 − 28,000 + 36,000
net working capital requirement = $69,000
The initial net working capital requirement for this project exists $69,000.
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