Answer:
$18,000
Explanation:
According to the Internal revenue service, the useful life of the rental property would be 27.50 years.
The computation of the maximum amount of depreciation is shown below:
= (Purchase cost of building - allocated value of land - salvage value) ÷ useful life
= ($600,000 - $104,950 - $0) ÷ 27.50 years
= $495,050 ÷ 27.50 years
= $18,000
Answer:
$1,000
Explanation:
Beginning balance in supplies account = $200
The supplies account is an asset account and ordinarily should have a debit balance. If additional supplies of $1,400 were purchased during the month, it goes into the account as a debit.
If at the end of the month, only $600 of supplies was still on hand total supplies expense
$200 + $1,400 - supplies expense = $600
supplies expense = $200 + $1,400 - $600
= $1,000
The supplies expense is debited when supplies are used and the corresponding credit goes to the supplies account.
Kate and Sarah own a bakery together. The two figures illustrate the production possibilities available to them if they work at their bakery for 8 hours a day.
If kate and sarah both specialize in the good in which they have a comparative advantage the;
Answer;
-the total production of bread will be 16 and total production of pies will be 17.
Explanation;
-Comparative advantage is the ability of a firm or individual to produce goods and/or services at a lower opportunity cost than other firms or individuals. A comparative advantage gives a company the ability to sell goods and services at a lower price than its competitors and realize stronger sales margins.
-It is important to note that a comparative advantage is not the same as an absolute advantage. The latter implies that one is the best at something, while the former relates more to the costs of the particular endeavor.
Answer:
Z-Mart purchased $3,000 worth of merchandise on credit. Transportation costs were an additional $100, paid cash to the cartage company on delivery. Z-Mart returned $300 worth of merchandise and paid the invoice on time, and took a 2% purchase discount. The amount of this payment was <u>$2744</u>
Explanation:
Purchases excluding freight $3,000
Less:Goods returned -$300
Add:freight charges $100
Net Purchases $2,800
Less:Discount on payment($2,800*2%) -$56
Net cash paid $2,844
Answer:
Demand curve for Sheila's plates and cups
Explanation:
we have to write the demand function for Shiela's
we solve for a solving for the line that cross two points:
Then we solve for b:
b = 22.5
Last we build the demand curve
