variable cost are Raw material, Direct labour, Supplies and Utilities. Fixed cost are Depreciation, Property taxes, Interest in borrowed money, administrative salaries, payroll taxes and Insurance.
A variable cost is a type of business expense that varies depending on how much a firm makes or sells. Variable costs grow when production increases and fall when output lowers, depending on the amount of a company's sales. An expense known as a variable cost fluctuates in relation to industrial output or sales. Variable costs rise in tandem with rising output or sales, whereas falling production or sales result in falling variable costs. Contrasting with fixed costs, which do not alter in accordance with production or sales volume, are variable costs. When calculating a product's contribution margin the parameter used to establish a business' break-even or target profit level variable expenses play a key role.
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Departmental overhead rates typically do a better job of matching each department's overhead costs to the products that use the department's resources than do plantwide overhead rates. t/f
Departmental overhead rates typically do a better job of matching each department's overhead costs to the products that use the department's resources than do plantwide overhead rates. The statement is true.
Costs associated with running a firm that are not directly tied to the creation of products or services. An recurring cost of running a firm is referred to in business as overhead or overhead charge. Contrary to operating expenses like labour and raw materials, overheads are costs that cannot easily be linked to or recognised with any one revenue unit. Project Director and senior level workers, office space, electricity, benefits, insurance, taxes, and other expenses can all be considered overhead costs. These expenses are typically thought of as fixed expenditures and are applicable to all company-wide initiatives. The recurring costs of a firm that aren't specifically related to providing a good or service are referred to as overhead.
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One payroll engagement objective is to determine whether segregation of duties is proper. Which of the following activities is incompatible?
a. Preparing attendance data and preparing the payroll.
b.Hiring employees and authorizing changes in pay rates.
c. Preparing the payroll and filing payroll tax forms.
d. Signing and distributing payroll checks.
Preparing attendance data and preparing the payroll. so the option A is the correct answer of the given question.
A payroll is a list of the employees of an organisation who are entitled to compensation and other benefits, together with the amounts that each employee is expected to receive. Payroll can refer to the department inside the business that deals with compensation, or it can refer to the records of earlier payments to workers, such as salaries and wages, bonuses, and taxes deducted, as well as the amounts that each employee should get for time spent or tasks accomplished. Either all elements of the payroll process can be handled internally by the firm, or certain steps can be contracted out to a payroll processing company.
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While conducting a market analysis survey for all positions in her organization, Ariana ahs been unable to find market data for a single incumbent job. Which process would be most useful for determining the pay grade for the job?
-slot the job into a pay grade with other jobs that have comparable job requirements
-place the job in the same pay grade as the current incumbent's salary
-send a survey to job incumbents to evaluate their compensation satisfaction
-create a new pay grade using the employee's salary as the midpoint
-ask the supervisor to review the job and place it in a pay grade
The hiring manage for an open position comes to you because he has made 3 offers to candidates but every one has been declined. the salary range for the open position is in line with his department staff's salary ranges. He is wondering if the starting pay rate he offered is competitive within the market. you determine that the compa-ratio for this position is 0.75. How can you explain what that means to the hiring manager?
-the starting pay rate is 25% below the industry average
-the starting pay rate is 75% below the industry average
-the starting pay rate is 25% above the industry average
-the starting pay rate is 75% above the industry average
-75% of employees in your organization are paid the industry average
-25% of employees in your organization are paid the industry average
Coral Manufacturing has decided to cross-train employees for shipping to production for potential job-sharing between these two departments. So far, no employees have volunteered to learn the new machines. Which approach is most likely to increase employees' willingness to cross-train?
-offer overtime pay for employees who cross train
-develop a rotation plan so that everyone works in all departments
-send managers through training on motivating employees
-tell employees that cross-training is required
-create a compensation plan that rewards employees for learning new skills
Offering competitive compensation is a crucial factor in deciding on a wage scale. You can predict what an employee will make by looking at the median salary for a specific position.
Which process is most useful for determining pay grade?The degree of tasks carried out in accordance with the job description, the amount of power held by the position, and the number of years the employee has worked in the role all contribute to determining the pay grade.Job grading is the process of assessing a job's worth or value in comparison to another, independent of the traits or background of the particular person holding the role at any one moment.Offering competitive compensation is a crucial factor in deciding on a wage scale. You can predict what an employee will make by looking at the median salary for a specific position.To learn more about Job grading refer to:
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if the economy is producing at a point inside the production possibilities frontier, which of the following must be true?
If the economy is producing at a point inside the production possibilities frontier, it must be true that resources are being underutilized.
The production possibilities frontier (PPF) is a graphical representation of the maximum combination of two goods that can be produced using a fixed amount of resources and technology. It shows the trade-off between the production of two goods and the opportunity cost of producing more of one good and less of another. If the economy is producing at a point inside the PPF, it means that it is not utilizing its resources to the fullest extent possible. The PPF represents the maximum attainable combination of output and the production of a good at a point inside the frontier means that the economy is not operating at its full capacity. This can occur for several reasons:
Inefficient resource allocation: The economy may not be using its resources in the most efficient manner, leading to underutilization of some resources and lower output.Lack of technology: The economy may not have access to the latest technology, limiting its ability to produce more output.Unemployment: If there is unemployment in the economy, it means that some resources, such as labor, are not being fully utilized, leading to lower output.In conclusion, if the economy is producing at a point inside the PPF, it is not using its resources efficiently, and there is potential for increasing output by improving resource allocation, adopting new technology, and reducing unemployment. The PPF provides a framework for analyzing the trade-offs between different production choices and the opportunity cost of each decision.
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in the circular-flow diagram, in the markets forselect one:a.the factors of production, households and firms are both buyers.b.goods and services, households are sellers and firms are buyers.c.goods and services, households and firms are both sellers.d.the factors of production, households are sellers and firms are buyers.
In the circular flow diagram, households act as buyers and businesses as sellers in the markets for goods and services.
The circular flow diagramcan be used to comprehend how money circulates within an economy and a culture as a whole. Once wealth is introduced to the economy, it circulates in a variety of ways, allowing individuals, groups, businesses, and the government to purchase the goods and services they need to carry out their everyday activities. Although the model is built in this way, actual cash patterns are more complex. Economists have added new variables to better depict the intricate modern economies. The national income or domestic product of a nation is made up of these components (GDP). Because of this, the model is also known as the cyclic flow of income model.
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one of the basic facts of life is that people must make choices as they try to attain their goals. this unavoidable fact comes from a reality an economist calls part 2
This means that resources are limited, and people must make choices about how to allocate these resources in order to meet their wants and needs.
In this context, the concept of opportunity cost arises, which is the cost of the next best alternative that must be given up in order to pursue a particular choice. Therefore, people must make choices based on the trade-off between their goals and the limited resources available to them, and this is an ongoing process in all area.
Scarcity is one of the fundamental problems of economics, and refers to the limited resources available to fulfill unlimited human wants and needs. This concept highlights the reality that resources are finite and there is not enough of them to satisfy all our desires, therefore we must make choices about . This situation of scarcity leads to the need for trade-offs and the fundamental choice between two or more alternatives. It requires individuals and society as a whole to prioritize their needs and wants, and to make decisions that balance their economic goals with the available resources
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Vygotsky's view of cognitive development differs from Piaget's in the importance and emphasis placed on a person's _________.
Vygotsky's view of cognitive development differs from Piaget's in the importance and emphasis placed on a person's interpersonal interactions.
What is cognitive development?
The process by which humans learn to gather, comprehend, organise, and make different uses of knowledge is known as cognitive development. The late Swiss psychologist Jean Piaget played a significant role in the investigation of children's cognitive development. According to him, there are four stages that it goes through sensory-motor, preoperational, concrete operational, and formal operational. A psychologist by the name of Jean Piaget was tasked with translating English intelligence tests into French in the 1920s. He saw that kids think differently than adults do and have a distinct perspective on the world during this process. He started monitoring tiny children who couldn't talk and spoke with older children while also keeping an eye on their development to study children from infancy through adolescence.
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Accounts ___ is an asset on the balance sheet that reports the amounts owed by customers for sales or services provided on credit.
Accounts Payable is a liability that shows how much money will need to be paid in the future for purchases made on credit. Receivables from customers are an asset.
What do you mean by money?
Money is a centralised, widely used, acknowledged form of exchange that makes it easier to exchange goods and services. In an economy, money serves as a medium of trade for a variety of products and services. Governments and nations have different monetary systems.
What makes something a money?
It was derived from the Latin word moneta, which was used to refer to the Roman goddess Juno, at whose temple or close by, approximately 300 BCE, the Romans first started minting coins. (Read the article on money in Britannica by Milton Friedman.)
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which of the following qbo navigation bar selections would not provide information about customers and customer transactions?
The following QBO Navigation Bar selections that would not provide information about customers and customer transactions are Expenses. The correct option is d.
The updated QuickBooks Online navigation menu provides rapid access to your day-to-day chores such as invoicing, banking, payroll, and more. This condensed experience employs the terminology and concepts that you employ in your business.
The information about the expenses of the customers and customer transactions are not provided by QBO Navigation Bar even though it allows to tracks and managing the business's expenses such as bills, credit card charges, etc.
Therefore it can be concluded that QBO Navigation Bar selections that would not provide information about customers and customer transactions are Expenses.
Thus, the correct option is d.
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Which of the following QBO Navigation Bar selections would not provide information about customers and customer transactions?
Multiple Choice
a)Reports
b)Sales
c)Projects
d)Expenses
The objective for a car company is to launch a new series of cars. Which three of the following could be examples of key results?
a. Create a best-in-class midsize sedan.
b. Improve the customer satisfaction survey score by 15%.
c. Distribute 98% of the product on time to dealerships.
d. Meet production deadlines 95% of the time.
The three of the following for a car company could be examples of key results are:
b. Improve the customer satisfaction survey score by 15%.
c. Distribute 98% of the product on time to dealerships.
d. Meet production deadlines 95% of the time.
What is company?
A company is an entity that is legally recognized as a separate entity from its owners and shareholders. It is a business entity that is created to conduct business, earn profits and pay taxes. Companies have legal rights and liabilities separate from their owners, and they can be bought and sold. Companies can be limited or unlimited and can be structured in different forms such as a corporation, partnership, or sole proprietorship. Companies can be publicly traded or privately held. Companies are also responsible for filing legal documents, including articles of incorporation, to be registered and recognized as a legitimate business entity.
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alison, age four, needs to learn to speak up louder in class. her parents and teacher agree that whenever alison speaks up loudly in class, she will get a star on her chart. whenever she accumulates 25 stars, she will get to go to baskin-robbins for ice cream. alison starts speaking up in class more frequently. this is an example of . group of answer choices
She will get to go to Baskin-Robbins for ice cream every time she earns 25 stars. Alison starts participating more actively in class. An illustration of operant conditioning is this.
Operant conditioning: what is it?Operant conditioning or instrumental conditioning as it is more commonly referred to is a type of learning that is frequently attributed to B.F. Skinner and in which the likelihood that a response would be repeated relies on its effects. T
hrough the process of operant conditioning, behaviors that are rewarded or reinforced are more likely to be repeated whereas behaviors that are punished are less likely to do so.
John B. Watson had left academic psychology by the 1920s, and other behaviorists were starting to gain recognition and support non-classical conditioning strategies for learning. The most significant of these was probably Burrhus Frederic Skinner. However, B.F. Skinner is the name he is most frequently referred to for obvious reasons.
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how to find how much overhead will be assigned to each unit produced given the following budgeted amounts?
The amount of overhead assigned to each unit produced is calculated by dividing the total budgeted overhead costs by the total number of units produced.
The amount of overhead assigned to each unit produced will depend on the type of overhead costs being budgeted, as well as the number of units produced. To calculate the overhead assigned to each unit produced, divide the total budgeted overhead costs by the total number of units produced.
For example, if the total budgeted overhead costs are $10,000 and the number of units produced is 1,000, then the overhead assigned to each unit produced would be $10 ($10,000/1,000).
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accounting question please answer and share the solutions to both problems in picture provided
1) Filling in the chart with the company's total and average costs per cup of coffee at the indicated activity levels is as follows:
1,000 Cups 1,100 Cups 1,200 Cups
of Coffee of Coffee of Coffee
Fixed cost $2,200 $2,200 $2,200
Variable cost 660 726 792
Total cost $2,860 $2,926 $2,992
Average cost per cup $2.860 $2.660 $2.493
2) The average cost per cup of coffee served decreases as the number of cups of coffee served increases.
What is the average cost?The average cost is the quotient of the total cost (fixed and variable) divided by the number of production units.
Within a relevant range, the average cost tends to decrease as the number of units produced increases.
1,000 Cups 1,100 Cups 1,200 Cups
of Coffee of Coffee of Coffee
Fixed cost $2,200 $2,200 $2,200
Variable cost 660 726 792 (1,200 x $0.66)
Total cost $2,860 $2,926 $2,992
Average cost per cup $2.860 $2.660 $2.493 ($2,992/1,200)
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projects are subject to limitations of time and resources such as funding and people and they should follow a planned and organized approach with a defined beginning and end. (True or False)
Answer:
True
Explanation:
Using time value of money tables (Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, Exhibit 1-D), calculate the following.
a. The future value of $550 six years from now at 7 percent. (Round your FV factor to 3 decimal places and final answer to 2 decimal places.)
b. The future value of $700 saved each year for 10 years at 8 percent.
c. The amount a person would have to deposit today (present value) at an interest rate of 5 percent to have $1,000 five years from now.
d. The amount a person would have to deposit today to be able to take out $500 a year for 10 years from an account earning 8 percent.
We can use the following formula to compute the future value of an asset with current value V0V0, period.
Define future value?
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value is important to investors and financial planners, as they use it to estimate how much an investment made today will be worth in the future.Future value is what a sum of money invested today will become over time, at a rate of interest. For example, if you invest $1,000 in a savings account today at a 2% annual interest rate, it will be worth $1,020 at the end of one year. Therefore, its future value is $1,020.Present value is the sum of money that must be invested in order to achieve a specific future goal. Future value is the dollar amount that will accrue over time when that sum is invested. The present value is the amount you must invest in order to realize the future value.To learn more about future value refers to:
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which of the following is usually a secured debt? group of answer choices auto loan credit card student loan checking account
Credit card is usually a secured debt. In this case, option B is correct.
The legal ownership of debt securities can be easily transferred from one owner to another because they are negotiable financial instruments. Of these securities, bonds are the most prevalent type. They are legally binding agreements between the borrower and the lender to pay a predetermined rate of interest on the principal over a predetermined amount of time and to repay the principal at maturity.
Fixed-rate bonds and bonds with a zero coupon are examples of common structures. Debt securities also include things like floating-rate notes, preferred stock, and securities backed by mortgages. However, a non-negotiable financial instrument is one such as a bank loan.
Debt securities are tradable financial instruments.
Government and non-governmental organizations both have the authority to issue bonds.
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T/F the role played by women may present some difficult ethical problems for firms doing business internationally.
True. The role played by women may present some difficult ethical problems for firms doing business internationally.
This is because of the varying cultural, social and religious norms that exist in different countries. For example, in some countries, women may not be allowed to take part in certain business activities, such as attending business meetings or negotiating contracts.
Additionally, in some countries, women may not be allowed to work in certain industries or be given equal pay and benefits as their male counterparts. This can create an ethical dilemma for firms that want to operate legally and ethically in different countries but may be limited by cultural and legal restrictions.
Furthermore, in some countries, women may be subject to discrimination and harassment and may not have access to the same resources and opportunities as their male counterparts. These issues can present a difficult ethical challenge for firms trying to do business abroad.
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various states are trying to reduce the time and cost of settling vehicle injury cases. one alternative is
Several states are attempting to speed up and lower the cost of the settlement of auto accident lawsuits. Using the no-fault system is one option.
What is meant by cost?The term "cost" describes any expense a corporation faces when producing its products or rendering its services. It is essentially the amount of money businesses spend on buying and selling goods. The four main categories of costs are fixed costs, variable costs, direct costs, and indirect costs.Cost can mean a variety of things. It is the value of money that we spent to produce something in accounting, retail, research, and production. Therefore, it is no longer possible to use that money. In business, the phrase may refer to the sum of money used to purchase something.The three different forms of product costs labour, materials, and overhead as well as period costs are known as the Elements of Cost.To learn more about cost, refer to:
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the trial balance of crane fashion center contained the following accounts at novemeber 30, the end of the company's fiscal year
A trial balance is an accounting worksheet where the balances of all ledgers are totaled into equal quantities in the column for the both debit and credit accounts.
A company periodically generates a trial balance, frequently at the conclusion of the each reporting period. To check that the entries in a company's bookkeeping system are mathematically correct, a trial balance is generally produced. It is so named because it offers a basic assessment of a group of books but does not do a thorough audit of them. Since it allows auditors to confirm that there aren't any mathematical errors in the bookkeeping system before proceeding on to more complex and also in studies, a balance sheet is often the first stage in an auditing process.
The trial balance is given below:
1. Nov. 30
Dr. Supplies Expense =4,000
Cr. Supplies =4,000
2. Nov. 30
Dr. Depreciation Expense =15,000
Cr. Accumulated Depreciation =15,000
3. Nov. 30
Dr. Interest Expense =11,000
Cr. Interest Payable =11,000
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fill in the blank. president trump's trade wars increase tariffs between foreign countries and lead to a reduction in___, an increase in___, and a reduction in___of numerous traded goods.
A trade war, initiated by the United States, would do serious damage to the global economy as protectionist moves increase.
Countries that impose tariffs and countries subject to tariffs would experience losses in economic welfare while countries on the margins would experience collateral damage. One of President Trump most prominent policy actions in office was to increase tariffs which significantly damages the US economy. Trade barriers such as tariffs increase the cost of consumer and producer goods and depress the economic benefits of competition which inhibits economic growth. Although China responded with its own tariffs the US tariffs had an impact on the Chinese economy hurting manufacturers and causing a slowdown. In December each nation agreed to stop imposing new taxes. The tariff war ceasefire continued into 2019. A trade war occurs when a nation imposes tariffs or quotas on imports, and foreign countries retaliate with similar forms of trade protectionism. As a trade war escalates, it reduces international trade. A trade war begins when a nation tries to protect its domestic industry and create jobs.
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The amount of revenue shown on the income statement may differ from the amount of cash inflow from operating activities shown on the statement of cash flows. This statement isa) true.b) false.
The amount of revenue proven on the income declaration may additionally differ from the quantity of cash inflow from working things to do proven on the announcement of money flows. This announcement is a) true.
What makes the earnings statement exclusive from the cash glide statement?A cash waft declaration sets out a business's cash flows from its operating activities, its financing activities, and its investment activities. An profits declaration offers users with a business's revenues and gains, as well as prices and losses, over a specific duration of time
Revenue is the money generated from regular enterprise operations, calculated as the common sales charge instances the variety of units sold. It is the pinnacle line (or gross income) discern from which fees are subtracted to decide internet income. Revenue is additionally regarded as sales on the profits statement.
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https://brainly.com/question/16232387#SPJ4TRUE/FALSE. populists refused to support the creation of labor unions and opposed government interference in the economy.
Instead of concentrating on global expansion, the United States was concentrating on home progress. Populists opposed government involvement in the economy and refused to support the formation of labour unions. So statement is false.
How did the populists approach reaching out to the industrial workforce?The Populists attempted to win over industrial workers by empathising with their plight and proposing concrete measures in their 1892 Omaha Platform that would help industrial workers.
Did the Populists stand up for the miners on strike?They backed Coxey's Army's calls for the government to offer jobless benefits. They defended miners who were on strike. By comparing the places and regions to their descriptions, determine the economic circumstances in the South.
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Today's effective business leaders have generally gained their positions because they
a. did not listen to anyone else.
b. were self-interested.
c. valued teamwork.
d. had a sense of community.
c) valued teamwork. Today's effective business leaders have generally gained their positions because they valued teamwork and had a sense of community.
Effective business leaders are individuals who are able to lead their organizations towards success by making smart decisions, inspiring their employees, and building strong relationships. While some leaders may have gained their positions through self-interest or a refusal to listen to others, this is generally not a recipe for success in the long-term. Instead, the most effective business leaders are those who value teamwork, understand the importance of collaboration, and have a strong sense of community. They understand that the success of their organization depends on the collective effort of all employees, and that creating a positive work environment is essential for motivation and productivity.
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Wordsmith, a small newsletter-writing company, has just installed a new server that will host newsletters online as podcasts. The CEO, Margaret, is excited about broadening Wordsmith's client outreach.o Increasingly diverse workforceo Innovative communication technologieso "Anytime, anywhere" and nonterritorial offices
The CEO, Margaret, is excited about broadening Wordsmith's client outreach Innovative communication technologies.
Transmitting information is often how communication is characterised. Additionally, the phrase can be used to describe the message itself or the area of study that examines these transmissions, known as communication studies. Talking, writing, listening, and reading are all forms of communication. Sharing knowledge is also a type of communication. Good communicators pay close attention, are clear in their speech or writing, and respect the views of others. an interactional process wherein people communicate with one another using a shared set of signs, symbols, or actions. By enabling us to express commodity our needs and experiences and connect with others, communication supports us in forming connections in daily life. Because it enables us to communicate our thoughts, share information, and express our emotions, it is essential to life.
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Nelson Company experienced the following transactions during Year 1, its first year in operation.
Issued $12,000 of common stock to stockholders.
Provided $4,600 of services on account.
Paid $3,200 cash for operating expenses.
Collected $3,800 of cash from accounts receivable.
Paid a $200 cash dividend to stockholders.
The amount of retained earnings appearing on Nelson Company's December 31, Year 1 balance sheet is:
$1,200.
$1,000.
$1,400.
$13,200
The amount of retained earnings appearing on Nelson Company's December 31, Year 1 balance sheet is $1,200.
given data:
amount to common stock = $12,000
Service Revenue = $4,600
Operating Expenses = $3,200
Dividend = $200
Net Income = Service Revenue – Operating Expenses
= $4,600 - $3,200
= $1,400
Ending Retained Earnings = Beginning Retained Earnings + Net Income – Dividend
= 0 + $1,400 - $200
= $1,200
An accounting document known as a balance sheet lists a company's assets, liabilities, and shareholder ownership. One of the three essential financial statements used to assess a company is the balance sheet. It offers a picture of a company's financial situation as of the publishing date. In financial accounting, a balance sheet is a statement of the financial standing of a person or organisation, whether they be sole proprietorships, commercial partnerships, corporations, private limited companies, or other organisations like the government or not-for-profit entities.
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brady industries has average variable costs of $1 and average total costs of $3 when it produces 500 units of output. the firm's total fixed costs equal a. $4. b. $2,000. c. $1,000. d. $2.
Brady industries has average variable costs of $1 and average total costs of $3 when it produces 500 units of output. the firm's total fixed costs equal : $1,000
What Is a Variable Cost?Costs that vary according on how much of a good or service a company produces are known as variable costs. The total of marginal costs across all units produced represents variable costs. They may also be regarded as typical expenses. The two elements of total cost are fixed costs and variable costs.An expense for the company that varies according on how much is produced or sold is called a variable cost. Depending on a company's production or sales volume, variable costs grow or fall. They climb as production rises and reduce as production declines.Over a given time frame, fixed costs are constant. Depending on the company's output, variable costs may go up or down. Rental fees, taxes, and insurance are some instances of fixed costs.Learn more about Variable cost refer to :
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true/false. licensing is perhaps the easiest method of entering into international trade. another method of entering international trade, which can be relatively low risk, is select which opens several levels of involvement to company.
Licensing is perhaps the easiest method of entering into international trade. Another method of entering international trade, which can be relatively low risk, is select which opens several levels of involvement to company. The given statement is False.
What do you mean by Licensing?
Licensing is a process of giving permission to use certain intellectual property, such as a trademark, patent, copyright or trade secret. It is a contractual agreement between a licensor and licensee, in which the licensor grants the licensee the right to use the licensor's intellectual property in exchange for a fee, royalty or other form of compensation. Licensing is an important tool for businesses to protect and exploit their intellectual property rights and to generate revenue streams. It also allows companies to enter new markets, increase brand awareness and protect their products and services from competitors. Licensing is a complicated process and requires careful consideration of the terms and conditions of the agreement, including the scope of the license, the duration, the geographical area, and any additional restrictions.
So, The given statement is False.
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the correct definition of a balance sheet includes which of the following statements? (check all that apply.) multiple select question. the statement reports revenues and expenses over a period of time. the statement explains the changes in equity over a period of time. the statement reports assets, liabilities and equity at a point in time. the statement reports the financial position of a company at a point in time. the statement reports the equality of the accounting equation at any point in time.
The statement reports assets, liabilities and equity at a point in time. The statement reports the financial position of a company at a point in time.
What is balance sheet?The balance sheet, one of the three fundamental financial statements, is crucial to accounting and financial modelling. The balance sheet displays the total assets of the company along with the method of financing those assets, which might be either debt or equity. A statement of net worth or a statement of financial status are other names for it. The basis for the balance sheet is the fundamental equation Assets = Liabilities + Equity.
Consequently, there are two sides to the balance sheet (or sections). On the left side of the balance sheet, the assets of the firm are all displayed. On the right side of the balance sheet, the company's obligations and shareholders' equity are listed.
The divisions for current and non-current (long-term) assets and liabilities are separated.
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In developing data for accounts receivable for the pro forma balance sheet, the analyst is most likely to turn to the
A.pro forma income statement.
B.cash budget.
C.prior balance sheet.
D.statement of retained earnings.
The analyst is most likely to turn to the B. Cash budget a for accounts receivable for the pro forma balance sheet. In developing the accounts receivable data for the pro forma balance sheet, the analysis will most likely turn to the cash budget.
Cash budget can be interpreted as a tool used by companies to forecast cash flows. Where is the estimated amount of cash flow that will occur at a certain time or period. So that there is what is called an estimate that applies to the determination of cash flows, this determination aims to find out whether the company's budget is sufficient or not. This budget assessment will be tested and managed so as to provide certainty whether or not to meet the operational needs of a company.
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The accounts receivable account had a beginning balance of $200,000, cash received on account was $240,000, and sales on account were $100,000. The ending Accounts Receivable balance was ________.
The answer is 60,000$ debit, The accounts receivable account had a beginning balance of $200,000, cash received on account was $240,000, and sales on account were $100,000. The ending Accounts Receivable balance was 60,000$.
Is debit positive or negative?Debit is the positive side of a balance sheet account and the negative side of a result item. In accounting, a debit entry is one that appears on the left side of a double-entry bookkeeping system and denotes either the addition of an asset or expense or the reduction of a liability or revenue. A credit is the reverse of a debit.
Does debit imply that I owe money?Your account is in credit if it has a balance that reads "we owe you." You owe us indicates a debt balance. Your credit will be used to pay future expenses if you pay your monthly Direct Debit invoices in installments.
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