As production workers become better organized and more familiar with equipment, the average cost per unit decreases. This is called the ________
A) demand curve
B) experience curve
C) skimming cost
D) penetration cost
E) marginal utility
B
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The value to consumers that comes from making an item easy to purchase through the provision of credit cards and financial arrangements constitutes ________ utility.
A. place B. time C. market D. form E. possession
In year one, McClintock Co. acquired a truck that cost $75,500 with an estimated $14,000 salvage value and 4 year estimated useful life. Depreciation in the first year was $15,375. McClintock had the following transactions involving plant assets during Year 2. Unless otherwise indicated, all transactions were for cash. Jan. 5Paid $5,000 to put a new engine in the truck that is expected to make the truck run more efficiently and increase the truck's useful life by one year. The salvage value did not change.Mar. 1Paid $2,000 to replace a broken tailgate that was damaged when a heavy carton was inadvertently dropped on it.Dec. 31Recorded straight-line depreciation on the truck.Prepare the general journal entries to record these transactions.
What will be an ideal response?
Identify actions you should take when preparing for a meeting.
What will be an ideal response?
The owner of legal title to the property in a trust is the:
a. grantor. b. settlor. c. beneficiary. d. trustee.