Answer:
B. the quantity of only one factor of production is fixed; the quantities of all factors of production can be varied
Explanation:
- As in the short run a firm can have a conceptual fixed time, while the other factors are variable in amount as the foxed costs have no impacts on the short run but may tend to have an impact on the form longer run that could potentially increase the output that could be increased by increasing the number of variable costs.
- Thus, in short, the form is in a monopolistically competitive market hence the quantity of at least one input is fixed.
Answer:
journal entry are given below
carrying value = $4000 and cash received is $2000
Explanation:
given data
delivery van cost = $20,000
accumulated depreciation = $16,000
Annual depreciation = $2,000
solution
journal entry are
date title debit credit
December 29, 2019 Cash $2000
Accumulated depreciation $16000
Delivery van $20000
note that
here carrying value is = $20000 - $16000
carrying value = $4000
and cash received is $2000
Answer:
The correct answer is C
Explanation:
Zero-balance accounts is the checking accounts in which zero amount of balance is maintained through automatically transferring the funds from the master account in an amount which is only large enough in order to cover the checks presented.
This account will not speed up the timing when use the funds from the checks written as it has keep a zero balance in the account.
Answer:
16 times
Explanation:
Calculation to determine what Bonita Corporation's price-earnings ratio is
Price-earnings ratio= ($1550000 -$400000)/387500
Price-earnings ratio=$1,150,000/387500
Price-earnings ratio=2.97
Price-earnings ratio= 48/2.97
Price-earnings ratio=16 times
Therefore Bonita Corporation's price-earnings ratio is 16 times
Answer:
The journal entry to record the merchandise return and the payment should be:
Dr Cash 2,940
Dr Sales discount 60
Dr Sales returns and allowances 600
Cr Accounts receivable 3,000
The second entry must be made to record the increase in inventory:
Dr Merchandise inventory 600
Cr Sales returns and allowances 600
Explanation:
The sales returns and allowances account is used to record returned merchandise, while the sales discount account is used to record discounts for early payments or other types of sales discounts.
