Answer:
Explanation:
Great question, intermediaries are sometimes necessary since they provide a service in which you might not be able to get the product if their service wasn't provided. That being said we can say that Caesar's claim is not valid in many cases. Intermediaries tend to add an additional cost to a certain product, but like mentioned above they are providing an essential value. In many cases the value they create more than offsets the costs they add. Therefore the validity of Caesar's claim is dependent on the intermediaries provided value.
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Answer:
Cash account
debit credit
opening 70,000
2) 50,000
4) 230,000
<u>5) 175,000</u>
75,000
Accounts receivable account
debit credit
opening 53,000
3) 250,000
<u>4) 230,000</u>
73,000
Accounts payable account
debit credit
opening 32,000
1) 195,000
<u>5) 175,000 </u>
52,000
Merchandise inventory account
debit credit
1) 195,000
<u>3) 140,000</u>
55,000
Wages expense account
debit credit
2) 50,000
Sales revenue account
debit credit
3) 250,000
COGS account
debit credit
3) 140,000
Answer: Charge a lower price after half-time
Explanation: Law of diminishing marginal utility holds that as the consumer consumes more and more units of a commodity, the incremental satisfaction derived from the successive units begins to fall after a certain point. Thus, as marginal utility begins to fall the persons willingness to pay shall also decline for the successive units. Therefore, the seller must sell the pop-corns at a lower price after half-time.
Answer:
$69,000
Explanation:
The computation of the operating income would be shown below:
= Buying cost - making cost
where,
Buying cost equals to
= 60,000 × $3
= $180,000
And, the making cost would be
= Variable cost + fixed cost × avoid percentage
= $90,000 + $70,000 × 30%
= $90,000 + $21,000
= $111,000
Now put these values to the above formula
So, the value would equal to
= $180,000 - $111,000
= $69,000
Answer:
$874.50
Explanation:
Calculation to determine the cost recovery deduction for 2020
2020 cost recovery deduction = $10,000 × 17.49% × ½
2020 cost recovery deduction = $874.50
Therefore the cost recovery deduction for 2020 is $874.50