Answer:
The correct answer is option c.
Explanation:
The variable costs are the cost incurred on the variable factors of production. The fixed costs are the costs incurred on the fixed factors.
In the short run, there are certain factors that are fixed and others that are variable. So in the short run, some costs are fixed and others are variable.
But in the long run, there is enough time for all the factors to be changed. So all the factors are variable and cost incurred on these variables is also variable.
So we can say that in the long run, there are no fixed costs.
Answer:
don't know how to help you with your answer sssssorryyyyyyy
The first step that an investor should take before beginning to invest should be to establish investment objectives.
Answer:0.94
Explanation: It's stating to assume that the operating revenues which is 4,000,000 is more than the expenses which is 5,000,000. so we are going to PRETEND that the 4,000,000 is 5,300,000 and the expenses stay the same which is 5,000,000. So you divide 5,000,000 by 5,300,000 which gives you the ratio of 0.94
Answer:
a. Cash basis - Service revenue is $900
b. Accrual basis - Service revenue is $2,100 (which is $1200 + $900)
Explanation:
In accounting, there are 2 basis for recognizing transactions; these are cash basis and accrual basis.
In cash basis, sales and expenses are not recorded unless cash has been collected and paid respectively. In the accrual basis of accounting, expenses and sales are recorded when incurred and earned respectively.
Revenue earned under the accrual basis would therefore include the revenue for which cash has been collected and those for which cash is yet to be collected.