It is a formula containing arguments. This is because a function maps the domain to its range. Argument is synonymous to domain.
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Answer:
a) Credit Balance R$1,000.00
Explanation:
The Duplicates Payable represents a Liability in Andorinha Ltd records.
When Andorinha Ltda paid a cash duplicate in the amount of R$500.000 the entries recorded will be :
Trade Payable-Duplicates R$500.000 (debit)
Cash R$500.000 (credit)
<em>Effect on Balance of Duplicates Payable</em>
Decrease in Duplicates Payable by $500,000
Remaining Balance is $100,000 (credit)
Answer:
b. Continue operating as the firm is covering all the variable costs and some of the fixed costs
Explanation:
A firm should shutdown operations if its price is less than average variable cost.
The price the firm sells is $15
Average variable cost is $10.
Price is greater than average variable cost in excess of $5.
The $5 covers some of the average fixed cost.
I hope my answer helps you
