Aunt Anastasia's available hours for paint and seal have fallen from 80 hours to 60 hours because of other commitments. How will this affect her profits?
A) Profits will increase by $30.
B) Profits will decrease by $20.
C) Profits will increase by $20.
D) Profits will not change.
Answer: D
Business
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Equipment was purchased for $24,000 on January 1, 2016
The equipment's estimated useful life was five years, and its residual value was $4,000. The straight-line method of depreciation was used. Calculate the gain or loss on sale if the equipment is sold for $18,000 on December 31, 2016, the end of the accounting period. Prepare the journal entry to record the sale of equipment. What will be an ideal response
Business
From the graph given below, identify the fixed costs line
A) OB B) AC C) AD D) AE
Business