Answer:
(B) False
Explanation:
The Vacation Benefits payable account represents a liability that the employer has with the employee that has already earned its days of paid vacations but has not used them yet. When the employee is going to enjoy paid vacations days, this account (as all liability accounts) is decreased through a debit, and the bank's account is credited.
<u>Answer:</u>
Variable expenses are generally the principal costs that individuals attempt to slice when they have to begin setting aside cash. Sadly, factor expenses are additionally the absolute hardest costs to reduce, because it requires an everyday pledge to cheap essential leadership.
It is important to start reducing costs, take a consideration at both your variable fixed costs. Dedicating a Saturday evening to looking into the majority of your memberships, protection designs, and repeating month to month bills may assist you with cutting the expenses .
The difference between the total value of assets and the total value of liabilities is equity. Also known as common equity and owners equity.
Assets represent valuable resources that your company manages. Liabilities represent the company's obligations, while both debt and equity represent how the company's assets are financed.
The sum of the difference between assets and liabilities is equity, which is the remaining net ownership of the company by the owners.
In its simplest form, a balance sheet can be divided into two categories: assets and liabilities. assets are items owned by a company that can provide future economic benefits. A liability is something you owe to another party.
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Answer:
More resources, less responsibility
Answer:
Option d: Production function describes the maximum output that can be achieved with any given combination of inputs. An isoquant identifies all of the different combinations of inputs that can be used to produce one particular level of output.
Explanation:
Factors of Production
They includes Inputs in the production process (labor, capital, materials)
Production Function
This simply is that function that is displaying or showing highest output firm can produce. It depicts what technically feasible is and when firm operates efficiently.
Isoquant
This is simply refered to as a curve tbat depicts or shows all possible efficient combinations of input that are very able to produce a certain quantity of output. It usually a downward sloping and convex and it can never slope upward. This shows also that adding more inputs keeps output constant.
Isoquant Map
This is simply a graph showing a combination of a number of isoquants, used to describe a production function.
