The cost of advertising is part of the firm's variable cost and if advertising enables the firm to sell a greater output, its average total cost does not change.
Variable costs are dependent on the production output and sales. The variable cost of production is a constant amount per unit produced.
As the volume of production and output increases, variable costs will also increase. Alternatively, when fewer products are produced, the variable costs associated with production will consequently decrease.
Different examples of variable costs are sales commissions, cost of raw material, direct labor costs, used in production, and utility costs.
To know more about variable costs here:
brainly.com/question/27853679
#SPJ4
Answer:
vp= $1,989.49
Explanation:
To calculate the present value we use the following formula;
Answer:
Date Account and Explanation Debit Credit
Bonds payable $476,000
Loss on bond redemption $7,140
(461,720 - 454,580)
Cash $461,720
(476,000 * 0.97)
Discount on bonds payable $21,420
(476,000 - 454,580)
<em>(To record redemption of the bonds)</em>
Answer:
Income Tax Expense (Dr.) $49,080,000
Deferred Tax Liability (Cr.) $49,080,000
Explanation:
Income tax expense = ( Taxable Income for the year + building and equipment taxable amount + Prepaid Insurance - Liability or contingency Loss ) * Tax rate
Income Tax expense = ( $117,000,000 + $14,700,000 + $2,300,000 - $11,300,000) * 40%
Income Tax expense = $49,080,000
Let's call
x = number of hours worked by Kyle in his old job.
y = number of hours worked by Kyle in his new job.
Writing the system of equations:
x + y = 54
5x + 7y = 338
Solving the system of equations:
5 (54-y) + 7y = 338
270-5y + 7y = 338
2y = 338-270
y = 68/2 = 34
Therefore, Kyle worked 34 hours in his new job.
