Answer:
$30,000
Explanation:
In this question, the matching account principle is used which means the total revenue is matched with the total expenses in a given year.
The computation of the warranty expense is shown below:
= Number of selling units × average unit sold per unit
= 2,000 unit × $15 per unit
= $30,000
The whole amount $30,000 should be recorded as warranty expense
<span>P= -1000,000 +5000q - 0.25q2
q= 30n + 0.01n2
n = 20
substituting for q in P
P= -100,000 + 5000(30n+0.01n^2) - 0.25(30n+0.01n^2)
dp/dn = 5000*30+2*0.01*5000 - 0.25*2(30n+0.001n^2)+30+2*0.01n
dp/dn = 0.005n^2 +85.02n+150030
substituting for n=20 and solving
dp/dn = 151,732</span>
Answer:
December 31 (office equipment depreciation expense)
- Dr Depreciation Expense - office equipment 1,400
- Cr Accumulated Depreciation - office equipment 1,400
Dec. 31 (production equipment depreciation expense)
- Dr Depreciation Expense - production equipment 2,650
- Cr Accumulated Depreciation - production equipment 2,650
Explanation:
Since depreciation is an expense and it increases, it should be debited.
Since accumulated depreciation is a contra asset account and it increases, it should be credited.
Answer:
e. accessory equipment
Explanation:
Accessory equipment are the goods and services that are used by firms and organizations to complete their daily operation. They consist of products and services which are used in the production processes. Likewise, they are considered import which makes them expensive compared to other capital goods. These goods can easily be replaced without affecting the whole process.
