Answer: The correct answer is : Because menu costs and contracts become fixed and companies tend to be slow to adjust wages.
Explanation: The cost of the menu is the cost of changing prices for companies. The widespread use of computers and the internet has reduced menu costs. If the menu costs are eliminated, the short-term supply curve will be of positive slope.
<span>When a firm doubles its inputs and finds that its output has more than doubled, this is known as economies of scale. When a business has reached economies of scale, that means there is an equal amount saved in costs by increasing the production amount. The more you produce the lower the cost is to produce those items and the more amounts of items you have to sell.
</span>
Answer:
The situation that would not require the long-term liabilities to be reported as current liabilities on the balance sheet is :"The company intends to refinance the debt and did so prior to issuance of the financial statements".
Explanation:
Analyzing all the options given above:
- The long-term debt matures within the upcoming year- which means that the liability payable is less than one year, therefore, it is a current liability.
- The creditor has the right to demand payment due to a contractual violation- which means that the money is immediately payable. Therefore, it refers to the current liability.
- The long term debt is callable by the creditor - which means it is also to be recorded as a current liability.
The above three statements clearly explain that they are recorded as a current liability, but when the company intends to refinance the debt and did so prior to issuance of the financial statements does not record the current liability.
Answer:
Decrease tax expense by $1,275 million
Explanation:
Changes in deferred tax asset account inversely affects tax expense. Changes in the deferred tax liability account, directly affects tax expense.
The increase in deferred tax assets and decrease in deferred tax liabilities both decrease tax expense for the year
= $939 + $336 million
= $1275 million
Therefore, These balance-sheet changes will affect tax expense on the income statement for the year by Decreasing the tax expense by $1,275 million.
