Answer:
b. do not vary as output varies.
Explanation:
Fixed cost are defined as those cost that is incurred by a business that do not vary with level of production. For example if a company pays rent wether it produces goods or not it will incur the same rent expense. So this cost does not vary with output.
Variable cost on the other hand varies with production. The higher the level of production the higher the variable cost. For example the more the output required the more the labour employed to achieve higher output.
Answer:
Myopic loss aversion
Explanation:
Loss Aversion is defined as the likelihood for individuals to strongly prefer making or avoiding losses over getting or acquiring gains.
Myopic loss aversion is simply defined as likelihood to look(focus) on avoiding short-term losses, even at the hands or expense of long-term gains. It is simply written as;
MLA = Loss aversion + mental accounting.
It is a kind of loss aversion that comprises mainly the idea that people do not see far enough into the future to invest in the right sense and as such life cycle hypothesis is forgotten or ignored.
Answer:
True.
Explanation:
According to the indirect method of cash flow statement, we will add net changes in working capital with net income and non-cash items.
Net income for the year $29,500
Cash flow from operation:
Add: Accounts receivable increased ($2,500)
Accounts payable increased $5,400
Cash flow provided by operating activities = $32,400
Therefore, the statement is true.
Answer:
A cold snap hits Florida, as a result crops in Florida get affected by this freezing temperature. This cold temperature in Florida also affects the crops of orange, so there is a reduction in the supply of oranges in the supermarkets. Thus, there is a shortage of oranges in the market.
Therefore, decrease in the supply of oranges will generally lead to higher price of oranges in the markets.
This rise in price of oranges is due to the cold snap which damages the orange crops.
Answer:
yes
Explanation:
because source document serve as proof of a transaction having occurred
