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Sonja [21]
4 years ago
5

Suppose a competitive market has a horizontal long-run supply curve and is in long-run equilibrium. If demand decreases, we can

be certain that in the short-run, a. at least some firms will shut down. b. price will fall below marginal cost for some firms. c. price will fall below average total cost for some firms. d. at least some firms will enter the industry.
Business
1 answer:
Natali [406]4 years ago
3 0

Answer: C - Price will fall bellow average total cost for some firms

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On October 1, Robertson Company sold inventory in the amount of $5,800 to Alberta, Inc. with credit terms of 2/10, n/30. The cos
NeTakaya

Answer:

Option (d) is correct.

Explanation:

Given that,

Inventory sold to Alberta, Inc. on account = $5,800

Cost of goods sold = $4,000

The journal entries are as follows:

(i) On October 1,

Accounts receivable A/c Dr. $5,800

           To sales A/c                             $5,800

(To record the credit sale of inventory)

(ii) On October 1,

Cost of goods sold A/c Dr. $4,000

         To Merchandise inventory A/c     $4,000

(To record the cost of goods sold)

4 0
3 years ago
FitterYou Inc., a company that manufactures health products, hosts an event at a local hotel to generate potential customers. Th
Nastasia [14]

By inviting over 120 prospects to the event through direct mails, then the company that manufactures the health products is using a <u>seminar</u> to  generate sales leads.

<h3 />

What is a sales seminar?

Generally, a sales seminar are organized by company to persuade clients or train its employee on how to sell its products.

In conclusion, the company that manufactures the health products is using a <u>seminar</u> to  generate sales leads.

Read more about sales seminar

<em>brainly.com/question/23714927</em>

3 0
3 years ago
People want information communicated quickly and clearly. To make your writing more concise and understandable, avoid flabby exp
mash [69]

Answer:

The best revision for the following sentence is:

B) We have identified a problem with our expense sheet, but we will solve it.

Explanation:

In e-mail, letters, messages, memos, and other business documents intended for a busy audience who appreciates getting the information they need quickly and easily, replacing a phrases with a word  in a formal tone, detracting from adding meaning: "we have identified" instead of: "I am sending" or "we need to inform you", keeping the sentence just as it is with certain rhythm and concise.

Otherwise in option 1. I am sending you this letter to inform you that we have experienced an unexpected surprise within our expense sheet, but we are positively certain we will solve it.

The sentence has a redundant pair:  "send" and "inform", it is “wordy,” and includes irrelevant “fillers” as "unexpected" that makes it lack of conciseness in the substantive information, not getting to the point promptly. I also includes passive voice which is not a grammatical error, but it often leads to using more words than necessary frustrating or confusing the audience; and it has prepositional phrases overuse: "that", within", "but" making this sentence clunky and unclear.

In option A) We need to inform you that we have experienced an unexpected surprise with our expense sheet, but we are midway to an end result.

The sentence has unnecessary modifiers: "unexpected" and "end", and passive voice again.

In option C) I am sending you this letter to inform you that we have a problem with our expense sheet, but we are positively certain we have a solution.

The sentence has unnecessary modifier: "positively".

6 0
3 years ago
A department has budgeted monthly manufacturing overhead cost of $510000 plus $3 per direct labor hour. If a flexible budget rep
strojnjashka [21]

Answer:

Direct labor hour will be 158000

Explanation:

We have given manufacturing overhead cost = $510000

An total budgeted manufacturing cost = $984000

So balance variable cost = $984000 - $51000 = $474000

It is given that $3 per direct labor hour

We have to fond the number of labor hours

So number of direct labor hours will be =\frac{474000}{3}=158000

So dire t labor hour will be 158000

3 0
4 years ago
Expand Your Critical Thinking 24-2 (Part Level Submission)Ana Carillo and Associates is a medium-sized company located near a la
Natasha_Volkova [10]

Answer:

total budgeted costs = $141,570

budgeted production = 1,000 units

standard rate = $141,570 / 1,000 = $141.57 per unit

total actual costs = $135,810

actual production = 850 units

actual rate = $135,810 / 850 = $159.78 per unit

  1. total fixed overhead variance = actual overhead costs - budgeted overhead costs =  $135,810 - $141,570 = -$5,760 favorable. The actual overhead expense was lower than budgeted.
  2. controllable variance = (actual rate - standard rate) x actual units = ($159.78 - $141.57) x 850 units = $15,478.50 unfavorable. The actual overhead rate was higher than the standard rate, that is why the variance is unfavorable (more money was spent than budgeted).
  3. volume variance = (standard activity - actual activity) x standard rate = (1,000 - 850) x $141.57 = 150 x $141.57 = $21,235.50 unfavorable. Less units where produced than budgeted, that is why the variance is unfavorable.

5 0
4 years ago
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