Answer:
$1,680,000
Explanation:
Based on the information given we were told that the fair value of the building was the amount of $1,680,000 which means that the amount that the company would record the building is the fair value amount of $1,680,000.
Therefore the amount that the company would record the building is $1,680,000.
Answer:
equivalent cost per unit for labor: $4.1982
Explanation:
complete and transferred 165,000
work on ending WIP 16,500 // 22,000 x 75%
previous work on beginning (8,000) // 20,000 x 40%
Equivalent units 173,500
labor cost added during the period 726,825
equivalent cost 726,825/173,500 = 4.198193084
equivalent cost per unit for labor: $4.1982
Answer:
Macaroni and cheese is an inferior good.
Explanation:
From the information given in the question, we can assume that macaroni and cheese are considered as an inferior good for this consumer because there is an inverse relationship between the income level of this consumer and the quantity demanded for macaroni and cheese.
If there is 10% increase in the income of an individual then as a result quantity demanded of macaroni and cheese decreases by 15% and the price of this good remains constant. This shows that macaroni and cheese is an inferior good.
Answer:
Which shop will benefit the most from its expansion?
- B. Donny, because his workers currently have less available capital to work with
The law of marginal returns applies here, that is why Sunshine donuts didn't produce twice as many by using more machines
How much should Donny realistically expect his production to increase with the new equipment?
Similar to the additional production that Sunshine had in the past.
How much should Sunshine realistically expect her production to increase with the new equipment?
Maybe even a little more than 50 dozen, but definitely less than 80 or 100.
