The most effective strategy to use your website to enhance the visitor experience is to provide opportunities for user-generated material to gather. As a result, choice (C) is appropriate.
What is meant by guest experience?The interactions you have with your visitors from the time they arrive until they check out are referred to as the guest experience. This phrase is frequently used in the hospitality sector to describe how well your customers are treated.
A positive guest experience is at the very heart of hospitality. Additionally, it should be a key component of your hotel's operations since, if done well, it will encourage clients to leave favorable internet reviews and even become devoted regulars.
Hence, option (C) is accurate.
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High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 1,495 $198,720 2,650 223,450 3,795 309,120 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) $fill in the blank 1 per unit Total fixed cost: $fill in the blank 2 b. Based on part (a), estimate the total cost for 1,900 units of production. Total cost for 1,900 units: $fill in the blank 3
Answer:
1. Variable cost per unit = [Total cost at highest level - Total cost at lowest level] / (Highest level of unit- Lowest level of unit)
Variable cost per unit = [$309,120 - $198,720] / [3,795 - 1,495]
Variable cost per unit = $110,400 / 2,300
Variable cost per unit = $48
Fixed costs = Total cost at highest level - [Variable cost per unit*Highest level of unit]
Fixed costs = $309,120 - [$48*3,795]
Fixed costs = $309,120 - $182,160
Fixed costs = $126,960
2. Total cost = Fixed cost + Variable cost
Total cost = $126,960 + $48*(1,900 units)
Total cost = $126,960 + $91,200
Total cost = $218,160
XS Supply Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized:
Current Year Previous Year
Balance Sheet at December 31
Cash $ 33,300 $ 28,250
Accounts Receivable 34,000 27,500
Inventory 40,000 37,500
Equipment 113,500 95,000
Accumulated Depreciation—Equipment (29,000) (24,500)
Total Assets $ 191,800 $ 163,750
Accounts Payable $ 35,000 $ 26,500
Salaries and Wages Payable 1,500 1,650
Note Payable (long-term) 33,500 39,000
Common Stock 85,600 72,100
Retained Earnings 36,200 24,500
Total Liabilities and Stockholders’ Equity 191,800 163,750
Income Statement
Sales Revenue 115,000
Cost of Goods Sold 67,500
Other Expenses 35,800
Net Income 11,700
Additional Data:
Bought equipment for cash, $18,500.
Paid $5,500 on the long-term note payable.
Issued new shares of stock for $13,500 cash.
No dividends were declared or paid.
Other expenses included depreciation, $4,500; salaries and wages, $19,500; taxes, $5,500; utilities, $6,300.
Accounts Payable includes only inventory purchases made on credit. Because there are no liability accounts relating to taxes or other expenses, assume that these expenses were fully paid in cash.
Required:
1. Prepare the statement of cash flows for the current year ended December 31 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)
XS SUPPLY COMPANY
Statement of Cash Flows
For the Year Ended December 31
Cash Flows from Operating Activities:
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Cash Flows from Investing Activities:
Cash Flows from Financing Activities:
Answer:
XS Supply Company
XS Supply Company
Statement of Cash Flows
For the current year ended December 31
Cash Flows from Operating Activities:
Net Income $11,700
Non-cash expenses: Depreciation 4,500
Changes in working capital:
Accounts Receivable -6,500
Inventory -2,500
Accounts Payable 8,500
Salaries and Wages Payable -150
Net cash from operations $15,550
Investing activities:
Purchase of Equipment -$18,500
Financing activities:
Note payable repaid -$5,500
Issue of common stock 13,500
Net cash from financing $8,000
Net cash flows $5,050
Reconciliation:
Cash in hand, beginning $ 28,250
Net cash flows 5,050
Ending balance $ 33,300
Explanation:
a) Data and Calculations:
Current Previous
Balance Sheet at December 31 Year Year Changes
Cash $ 33,300 $ 28,250 +$5,050
Accounts Receivable 34,000 27,500 +6,500
Inventory 40,000 37,500 +2,500
Equipment 113,500 95,000 +18,500
Acc. Depreciation—Equipment (29,000) (24,500) (4,500)
Total Assets $ 191,800 $ 163,750
Accounts Payable $ 35,000 $ 26,500 +$8,500
Salaries and Wages Payable 1,500 1,650 -150
Note Payable (long-term) 33,500 39,000 -5,500
Common Stock 85,600 72,100 +13,500
Retained Earnings 36,200 24,500 +11,700
Total Liabilities and Stockholders’ Equity 191,800 163,750
Income Statement
Sales Revenue 115,000
Cost of Goods Sold 67,500
Other Expenses 35,800
Net Income 11,700
Additional data:
Purchase of Equipment $18,500
Note payable repaid $5,500
Issue of common stock $13,500
Depreciation $4,500
A pen producer in a monopolistically competitive market recently changed ink suppliers which caused a decrease in total cost of production. Using the data collected below, which includes the firm's new cost schedule, what should this firm set price and quantity at to maximize profits on pen sales?
Costs of Production for Boxes of Pens
Price Quntity Total Revenue Total Cost Marginal Revenue Marginal Cost
$16 0 $50
$15 50 $750 $700 $15 $13
$14 100 $1,400 $1,350 $13 $12
$13 150 $1,950 $1,850 $11 $11
$12 200 $2,400 $2,350 $9 $10
$11 250 $2,750 $2,800 $7 $9
$10 300 $3,000 $3,200 350 $3 $7
Answer:
The firm should set price at $13 per pen and quantity at 150 to maximize profits on pen sales.
Explanation:
a) Data and Analysis:
Price Quantity Total Total Cost Marginal Marginal
Revenue Revenue Cost
$16 0 $50
$15 50 $750 $700 $15 $13
$14 100 $1,400 $1,350 $13 $12
$13 150 $1,950 $1,850 $11 $11
$12 200 $2,400 $2,350 $9 $10
$11 250 $2,750 $2,800 $7 $9
$10 300 $3,000 $3,200 $3 $7
b) The monopolistic competitor's profit-maximizing price and quantity will be at the point where the marginal revenue equals the marginal cost. In other words, producing 150 pens and selling each for $13, where MC = MR, the producer will maximize its profit.
when you start your career do careers require you To Move far away depending on The career That your doing
Answer:
It depends on where you applied for that career.
Answer:
It really just depends on what you choose to apply for.
Campbell Co. has net sales revenue of $1,340,000, cost of goods sold of $760,900, and all other expenses of $299,000. The beginning balance of stockholders' equity is $409,000 and the beginning balance of fixed assets is $370,000. The ending balance of stockholders' equity is $609,000 and the ending balance of fixed assets is $398,000. The fixed asset turnover ratio is closest to:
Answer:
3.50
Explanation:
Given the information above, we need to find first the Average fixed assets.
Average fixed assets = Fixed assets beginning balance + Fixed assets ending balance / 2
= ($370,000 + $398,000) / 2
= $384,000
Then , the fixed assets turnover will be calculated as;
Fixed assets turnover = Net revenue / Average net fixed assets
= $1,340,000 / $384,000
= 3.50
Therefore, Campbell Co. Fixed asset turnover ratio would be 3.50
Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an invoice with a list price amount of $6,000 and payment terms of 1/10, n/30. Alison uses the net method to record purchases. Alison should record the purchase at: Group of answer choices
Answer:
$5,940
Explanation:
Purchase under Net method:
= Gross profit - Discount
= $6,000 - (1% of $6,000)
= $6,000 - $60
= $5,940
Therefore, Alison should record the purchase at $5,940.
A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond
Those are your only choices
Answer:
A. An interest-bearing IOU
Explanation:
standards for all managers ethical responsibillities are covered in a companys
Standards for all managers' ethical responsibilities are covered in a company's code of ethics.
There are two projects under consideration by the Rainbow factory. Each of the projects will require an initial investment of $35,265 and is expected to generate the following cash flows: First Year Second Year Third Year Total Alpha Project $32,000 $22,500 $4,500 $59,000 Beta Project 8,000 23,000 27,627 58,627 A. Calculate the internal rate of return on both projects. Use the IRR spreadsheet function to calculate
Answer and Explanation:
The computation of the internal rate of return is shown below:
Year Alpha project Cash flows Beta project Cash flows
0 -$35,265 -$35,265
1 $32,000 $8,000
2 $22,500 $23,000
3 $4,500 $27,627
IRR 42% 25%
Coline has the following capital gain and loss transactions for 2020.
a. Short-term capital gain $6,700
b. Short-term capital loss (2,814)
c. Long-term capital gain (28%) 8,040
d. Long-term capital gain (15%) 2,680
e. Long-term capital loss (28%) (14,070)
After the capital gain and loss netting process, what is the amount and character of Coline's gain or loss?
Answer:
Net short-term capital gain; $536
Explanation:
Calculation to determine the amount and character of Coline's gain or loss
Net short-term capital gain= ([$6,700-$2,814] - [($8,040-$14,070)-$2,680])
Net short-term capital gain= $3,886-$3,350
Net short-term capital gain= $536
Therefore After the capital gain and loss netting process, the amount and character of Coline's gain will be NET SHORT-TERM CAPITAL GAIN of $536
Dose stockholders get one vote for each share they own?
Answer:
Investors with common stock are generally allowed one vote per share they own.
Explanation:
Stockholder voting rights are the privileges granted to shareholders of a company to vote on matters that affect the company, such as the election of directors and the approval of major corporate actions, and to have a say in how the company is run.
Investors who own shares of the common stock of a company usually have shareholder voting rights.
Thus, an investor who owns 1,000 shares of stock may have 1,000 votes to cast.
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In a graduated tax system,
a. the tax rate says the same regardless of taxable income.
b. the tax rate gets lower as taxable income gets larger.
c. the tax rate gets higher as taxable income gets smaller.
d. the tax rate gets higher as taxable income gets larger
Answer:tax rate gets high the more I come
Explanation:
More money earned means more tax return
Selected Balance Sheet Information
Dec. 31, 2019 Dec. 31, 2018
Cash $20,000 $17,500
Accounts receivable 10,500 8,000
Inventory 18,000 21,000
Accounts payable 15,000 10,000
Income taxes payable 1,000 2,500
Burch Company Income Statement
For the year ended December 31, 2019
Sales $250,000
Cost of goods sold (160,000)
Depreciation expense (15,000)
Other expenses (35,000)
Income tax expense (12,000)
Net income $28,000
Required: Compute the net cash flows from operating activities using the indirect method.
Answer:
$47,000
Explanation:
Computation for the net cash flows from operating activities using the indirect method.
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $28,000
Adjustments to reconcile net income to
Net cash provided by operating activities
Depreciation expense $15,000
Increase in Accounts Receivable -$2,500 ($8,000-$10,500)
Decrease in inventory $3,000
($21,000-$18,000)
Increase in accounts payable $5,000
(15000-10000)
Decrease in income taxes payable -$1,500 ($1,000-$2,500)
Net cash flows from operating activities $47,000
Therefore the net cash flows from operating activities using the indirect method is $47,000
In the Month of March, Digby received orders of 159 units at a price of $15.00 for their product Drat, and in April receives an order for 40 units of their product Drat at $15.00. Digby uses the accrual method of accounting and offers 30 day credit terms. Digby delivers 0 units in March, 159 units in April and 40 units in May. They received payment for 159 units in April, and payment for 40 units in May. How much revenue is recognized on the March income statement from this order
Answer: 0
Explanation:
Accrual accounting method simply means when revenue or expenses are written down and recorded at the time that the transaction took place and not when payment was gotten.
The revenue that is recognized on the March income statement will be 0. This is because the delivery was in April and none took place in March.
Wizard Corp. needs to take out a one-year bank loan of $600,000 and has been offered loan terms by two different banks. One bank has offered a simple interest loan of 10% that requires monthly payments. The loan principal will be paid back at the end of the year. Another bank has offered 7% add-on interest to be repaid in 12 equal monthly installments.
Based on a 360-day year, what will be the monthly payment for each loan for November?
Value
Simple interest monthly payment 58,850.00
Add-on interest monthly payment 48,150.00
42,800.00
53,500.00
Choose the answer that best evaluates the following statement:
A bank loan officer has been approached by a start-up company that needs a five-year loan to purchase the equipment for its first project. The project will have a life of five years. At the end of five years, the equipment will be worthless. The founders of the company told the loan officer that they would be willing to pay a much higher interest rate on a simple interest loan rather than contracting to an add-on interest loan.
A. The loan officer should offer the company an add-on interest loan because there is a high risk that the company will not be able to repay the principal on the loan at the end of the project's life.
B. The loan officer should offer the company a simple interest loan. The bank will make more money in the long run, because it can charge a much higher interest rate.
Answer: a. $53500
b. A. The loan officer should offer the company an add-on interest loan because there is a high risk that the company will not be able to repay the principal on the loan at the end of the project's life.
Explanation:
a. Based on a 360-day year, the monthly payment for each loan for November will be:
Principal = $600,000
Interest rate = 10%
Simple interest = (P×R×T)/100
= (600000 × 10× 1) /100
= $60000
The simple interest per month which will also be thesame for Novemeber will be:
= 60000/12
= $5000
Since add on interest is 7%, then the interest will be:
= 7% × $600,000
= 0.07 × $600,000
= $42000
Therefore, the interest for month of November will be:
=(600000 +42000)/12
= $642000 / 12
= $53500
b. The answer that best evaluates the statement given is option B. It should be noted that since it's a startup company, there may be challenges in repaying the loan. Therefore, the best scenario will be that the loan should be given on add on interest basis.
On January 2, 2021, L Co. issued at face value $22,500 of 2% bonds convertible in total into 1,500 shares of L's common stock. No bonds were converted during 2021. Throughout 2021, L had 1,500 shares of common stock outstanding. L's 2021 net income was $4,500. L's income tax rate is 20%. No potential common shares other than the convertible bonds were outstanding during 2021. L's diluted earnings per share for 2021 would be: Multiple Choice $1.50. $1.62. $1.65. $3.00.
Answer:
L's diluted earnings per share for 2021 would be $1.62.
Explanation:
Amount of increase in net income if bonds are converted = Total value of convertible bonds * Bond rate * (100% - Tax rate) = $22,500 * 2% * (100% - 20%) = $360
Total earnings available to Equity Shareholders = Net income + Amount of increase in net income if bonds are converted = $4,500 + $360 = $4,860
Number of common shares obtainable from convertible bonds = 1,500
Total number of shares outstanding = Number of shares of common stock outstanding during 2021 + Number of common shares obtainable from convertible bonds = 1,500 + 1,500 = 3,000
Diluted earnings per share = Total earnings available to Equity Shareholders / Total number of shares outstanding = $4,860 / 3,000 = $1.62
You need a 30-year, fixed-rate mortgage to buy a new home for $235,000. Your mortgage bank will lend you the money at an APR of 5.35 percent for this 360-month loan. However, you can afford monthly payments of only $925, so you offer to pay off any remaining loan balance at the end of the loan in the form of a single balloon payment. How large will this balloon payment have to be for you to keep your monthly payments at $925? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Balloon payment
Answer:
$343,995.87
Explanation:
The computation is shown below;
But before that we need to determine the present value
Given that
PMT = $925
I = 5.35% ÷ 12 = 0.4458333%
FV = 0
N = 360
The formula is given below:
= -PV(RATE;NPER;PMT;FV;TYPE)
SO, the PV is $165,647.87
Now The amount of principal still pending is
= $235,000 - $165,647.87
= $69,352.13
Now the balloon payment is
= $69,352.13 × (1 + (5.35% ÷ 12))^360
= $343,995.87
Suppose that the spot rate on the Canadian dollar is C$1.40. The risk-free nominal rate in the U.S. is 8 percent while it is only 4 percent in Canada. Which one of the following one-year forward rates best establishes the approximate interest rate parity condition?
a. C$1.355.
b. C$1.344.
c. C$1.278.
d. C$1.456.
Answer:
b. C$1.344.
Explanation:
Calculation to determine Which one of the following one-year forward rates best establishes the approximate interest rate parity condition
One-year forward rates =C$1.40 *[1 + (.04 - .08)]^1
One-year forward rates= C$1.344
Therefore the following one-year forward rates that best establishes the approximate interest rate parity condition is C$1.344
(a) List the main functions of CU and ALU. [4]
(b) Write the logical steps taken by a computer system along with the roles of
its main units in each step while transforming input data to useful
information.
Answer:Controlling and arithematic operations
Explanation:
a) The main functions of the Control Unit (CU) and Arithmetic and Logic Unit (ALU) in a computer are:
Control Unit: The CU is responsible for controlling the overall operation of the computer. It fetches instructions from memory, decodes them, and then activates the necessary circuits to execute the instructions.
Arithmetic and Logic Unit: The ALU is the part of the computer that performs arithmetic and logical operations. It can add, subtract, multiply, and divide numbers, as well as perform logical operations such as AND, OR, and NOT.
b) Here are the logical steps taken by a computer system, along with the roles of its main units, in transforming input data to useful information:
Input: The input data is entered into the computer through some type of input device, such as a keyboard or a scanner.
Storage: The input data is stored in the computer's memory (e.g., RAM or hard drive) for processing.
Processing: The Control Unit fetches instructions from memory and decodes them. It then activates the necessary circuits in the Arithmetic and Logic Unit to perform the required operations on the input data.
Output: The processed data is sent to some type of output device, such as a display or printer, for presentation to the user.
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ound Hammer is comparing two different capital structures: An all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 160,000 shares of stock outstanding. Under Plan II, there would be 110,000 shares of stock outstanding and $1.4 million in debt outstanding. The interest rate on the debt is 7 percent, and there are no taxes. a. If EBIT is $400,000, what is the EPS for each plan
Answer:EPS of Plan I = $2.50
EPS of Plan II = $2.75
Explanation:
Plan I Earning per share (EPS) = EBIT ÷ Number of shares
= $400,000 / 160,000 = $2.50
Plan II
Given that
debt outstanding = $1.4 million and interest rate on debt is 7percent
Interest = $1,400,000 × 7% = $98,000
Plan II's EPS= (EBIT - Interest ) ÷ Number of shares
= ($400,000 - $98,000 )/ 110,000
= 302,000/ 110,000=2.75
Which form of ownership generally has the least ability to accumulate capital? Partnership Sole proprietorship Corporation S-corporatio
Answer:
Option B (Sole proprietorship) is the right option.
Explanation:
A single trader, as well as an entrepreneur, seems to be an unaccompanied undertaking with only one manager paying payroll taxes even more on profit derived from such an undertaking, would be considered as Sole proprietorship.Considering the lack of state intervention, cooperatives are simple to configure as well as deconstruct or popularize among very small company owners including construction company groups.Other provided options aren't related to the given scenario. So option B is the correct one.
_______involves streamlining the processes and communications between the buyer and supplier using software applications
Answer:supplier relationship management
Explanation:
Supplier relationship management concerns facilitating the operations and communications between the buyer and supplier using software applications.
What is supplier relationship management?Supplier relationship management (SRM) is the method of determining the providers or suppliers that are essential to a business and executing a system of managing connections with those critical suppliers.
The objective of SRM is to increase the importance of supplier connections and to streamline acquisition processes. Without an adequate SRM technique, buyers risk cut off supply chains, etc.
Therefore, Supplier relationship management is concerned with the facilitation of operations and communication between the buyers and the suppliers.
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Kelly’s Kites began operations on 1/1/11. When preparing her budget for 2012, Kelly estimated in January that she would sell 5,000 kites to local beach shops, for $10 per kite. She estimated that sales would increase 5% each month from the prior month. All sales are made to the local beach shops on credit. Kelly estimates that 50% of the sales will be collected within the same month of the sale, 40% will be collected the following month, and 10% will be collected two months after the sale. Sales in November, 2011 were 3,500 kites, and in December 2011 were 4,000 kites.
a. Prepare the sales budget for the 1st quarter of 2012.
b. Prepare the cash receipts budget for the 1st quarter of 2012.
Answer:
Total sales for the Quarter1 is $157,630
Total cash receipts for Quarter1 is $148,315
Explanation:
SALES BUDGET
Jan Feb Mar Q1
Budgeted Sales units 5,000 5,250 5,513 15,763
Selling price per unit 10 10 10 10
Total Sales 50,000 52,500 55,130 1,57,630
EXPECTED CASH COLLECTIONS
Jan Feb Mar Q1
Nov month sales 3,500 3,500
Dec month sales 16000 4000 20000
Jan Month sales 25,000 20000 5000 50,000
Feb month sales 26250 21000 47,250
March month sales 27565 27,565
Total Cash Collections 44,500 50,250 53,565 1,48,315
Pick one of the three policies to address pollution that are listed below (these are covered in chapter 15, section 15.3) and describe why you believe it to be the best way to curb climate change. Your choices are:
1. Command and control
2. Pollution taxes
3. Cap and trade You must pick one and you must defend it as the best option.
Answer:
The correct option is the first one: Command and control.
Explanation:
To begin with, all three matters are necessary in order to try to achieve a reduction in the pollution of the planet. However, I do believe that the most important one tend to be the command and control focus due to the fact that the other three will also depend on that matter as well primarily.
So, it is necessary to understand that the "Command and Control" theme refers to the intervention of the government in matters of pollution when it comes to try to protect the environment by regulating the forces of the industry who on purposely damage their work surronding without care. Moreover, this point of view also focus on the control that the laws and regulations have on those companies so that will impact them directly to the way they act.
A bus company believes that its diesel fuel expenses might rise in the coming year and wants to create a hedge against the increase. The current price of diesel fuel is $3.50/gallon, and the company uses 10,000 gallons per month. The company purchased a futures contract for 10,000 gallons of diesel at $3.50/gallon to be delivered in six months. The price of the contract was $250.00. In six months, the spot price of diesel fuel is $3.85/gallon. The bus company accepted delivery of the contract commodity. What was the economic substance of the futures contract
Answer:
The contract produced savings of $3,250
Explanation:
Calculation to determine the economic substance of the futures contract
First step is to calculate the Increased in price of diesel fuel
Increase in diesel fuel price=$3.50/gallon to $3.85/gallon
Increase in diesel fuel price=.35/gallon
Second step is to calculate the amount saved by the firm
Amount saved=$0.35 × 10,000 gallons
Amount saved=$3,500
Now let determine the economic substance of the futures contract
Futures contract economic substance=$3,500 − $250
Futures contract economic substance=$3,250
Therefore the economic substance of the futures contract is $3,250
Presented below is information related to Vaughn Company. Cost Retail Beginning inventory $252,960 $281,000 Purchases 1,368,000 2,097,000 Markups 93,700 Markup cancellations 15,700 Markdowns 36,900 Markdown cancellations 4,900 Sales revenue 2,243,000 Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method $enter the dollar amount of the ending inventory using conventional retail inventory method
Answer:
Conventional Retail Method
Cost Retail Cost to Retail ratio
Beginning Inventory 252,960 281,000
Add: Net Purchases 1,368,000 2,097,000
Add: Net Markups 78,000
2,456,000
Cost-to-retail Percentage 66.00% (1620960/2456000)
Less: Net Markdowns -32,000
Goods Available for Sale 1,620,960 2,424,000
Less: Net Sales -2,243,000
Estimated Ending Inventory at Retail $181,000
Estimated Ending Inventory at Cost = $181,000*66% = $119,460
what is the most common ways an organization uses the internet for business?
Answer:
Amazon.com. If you're serious about using the world of internet marketing to build your business, hop on the Amazon Marketplace bandwagon. Blog, Blog, Blog. Social Media Optimization. Online Reviews.
The most common ways an organization uses the internet for business are:
I) advertisements
II) expansion of market online
III) various competitions like hackathons give new innovation for the expansion of organization
A firm suffering economic losses decides whether or not to produce in the short run on the basis of whether:_________
a. revenues from operating are sufficient to cover fixed plus variable costs
b. firms suffering economic losses will always shut down
c. Price cover minimum variable costs
d. revenues from operating are sufficient to cover fixed costs
Answer:
C
Explanation:
A firm is making economic losses if opportunity cost is greater than accounting profit.
In the short run, a firm should shut down if price is less than variable cost.
A short run is the period where all the factors of production are fixed
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
If production is zero or if production is a million, Mortgage payments do not change - it remains the same no matter the level of output.
Hourly wage costs and payments for production inputs are variable costs
Variable costs are costs that vary with production
If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.
Dextra Computing sells merchandise for $5,000 cash on September 30 (cost of merchandise is $3,000). Dextra collects 8% sales tax. Record the entry for the $5,000 sale and its sales tax. Also record the entry that shows Dextra sending the sales tax on this sale to the government on October 15.
Record the cash sales and 8 % sales tax
Answer:
Date General Journal Debit Credit
Sep 30 Cash $5,400
Sales $5,000
Sales taxes payable $400 ($5,000 * 8%)
Sep 30 Cost of goods sold $3,000
Merchandise inventory $3,000
Oct. 15 Sales taxes payable $400
Cash $400
2. What was the reasons/motives of each contributors/authors behind developing such management theory
Explanation:
[tex]Cosθ[/tex]
Cos(θ)