Answer:
d.an unfavorable change in the efficiency of using fixed assets to generate sales.
Explanation:
Since as we can see in the given situation that there is the reduction in the fixed asset turnover ratio i.e. it is reduced from 3 to 2.2 this means that there is a change i.e. unfavorable or non-favorable with respect to the efficiency of applying the fixed asset in order to producing or generating the sales
Therefore the option d is correct
Answer: Can be issued in return for money borrowed from a bank.
Explanation:
Short term notes payable are liabilities issued by a company indicating that they have an obligation to pay a certain amount (including interest) within the a year which makes it a current liability.
It can be issued in lieu of money borrowed from a bank as well as an accounts payable.
Answer:
C. deep-level diversity
Explanation:
Deep-level diversity is a type of diversity among individuals that is not easily observable, and includes traits such as working styles, values, beliefs, cognitive, or decision-making styles. These are usually psychological. These traits are less observable.
According to the information given in the question above about the Olivia and her employees, we can infer that Olivia and her employee display deep-level diversity, as the designers have traits that are not easily observable such as the different working styles they have while they still work effectively together as a team.
Answer:
$62,800
Explanation:
Following Garfield Corp's policy, the number of pet beds that must be purchased, assuming no initial inventory, is given by the expected number of sales in March (1,300 units) added to 30% of the expected sales in April (30% of 900 units):
Since the company purchases each pet bed for $40, total budgeted purchases are:
Garfield Corp's total budgeted purchases for March are $62,800.
Answer:
$200; $10; $6
Explanation:
(i) Profit is the difference between total revenue and total cost.
Profit = Total revenue - Total cost
= (Average revenue - Average cost) Q
= ($10 - $8) × 100 units
= $200
(ii) Under a perfectly competitive market conditions, the average revenue and marginal revenue are equal and profit maximizing firms under these market conditions producing at a point where marginal revenue is equal to the marginal cost.
Therefore, the marginal cost is equal to $10.
(iii) The average cost is the sum total of average fixed cost and average variable cost.
AC = AFC + AVC
AVC = AC - AFC
= $8 - ($200 ÷ 100 units)
= $8 - $2
= $6
Therefore, average variable cost is equal to $6.
