The theory that quantity supplied and price are positively related, other things constant is referred to as the law of supply. The law of supply states that when there is an increase in the prices of goods and services there is also an increase in the supply of such goods and services.
Answer:
Journal Entries
Account Dr. Cr.
1.
Repair and maintenance Expense $250
Cash $250
2.
Delivery truck $800
Cash $800
Explanation:
Property, plant and equipment are reported in the Fixed asset of the balance sheet. These assets are the depreciated. Fixed assets are initially recorded at cost.
Initially the amount capitalized includes the acquisition cost or purchase price and any direct cost incurred to make asset ready to use.
Any cost incurred to improve the efficiency of the asset will also be capitalised. In this question oil change is a routine maintenance cost needed to operate the asset. Installation of Special gear unit actually improved the efficiency of the asset as a whole. So, it is capitalised.
A man or woman has permission from a assets proprietor to hike at the proprietor's assets at some point of the fall months. The hiker has a license.
The required details for license in given paragraph
A license is an professional permission or allow to do, use, or very own some thing. A license is granted through a celebration to any other celebration as an detail of an settlement among the ones parties. In the case of a license issued through a government, the license is received through making use of for it. In the case of a non-public celebration, it's far through a selected settlement, commonly in writing . The best definition is "A license is a promise now no longer to sue," due to the fact a license commonly both lets in the certified celebration to have interaction in an hobby that is illegal, and challenge to prosecution, with out the license , or it lets in the certified celebration to do some thing that might violate the rights of the licensing celebration, which, with out the license, the certified celebration can be sued, civilly, criminally, or both.
In particular, a license can be issued through government, to permit an hobby that might in any other case be forbidden. It might also additionally require paying a price or proving a capability (or both).
To know about license click here
brainly.com/question/26006107
#SPJ4
$1000, as that was there original price that it was sold for. To save money, adding the freight charges in the claim isn’t necessary?
Answer:
a business is using its assets to generate sales.
Explanation:
The formula to compute the asset turnover ratio is shown below:
Asset turnover ratio = Net sales ÷ average total assets
where,
Average total assets = (Opening balance of assets + ending balance of assets) ÷ 2
And, the net sales = sales revenue - sales discounts - sales returns
Thus, option A is correct and the rest options are wrong
