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konstantin123 [22]
4 years ago
8

What is variable costs

Business
1 answer:
Juliette [100K]4 years ago
7 0
Variable costs are corporate expenses that vary in direct proportion to the quantity of output. Unlike fixed costs, which remain constant regardless of output, variable costs are a direct function of production volume, rising whenever production expands and falling whenever it contracts.
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2. On January 1, 2021, Legion Company sold $250,000 of 8% ten-year bonds. Interest is payable semiannually on June 30 and Decemb
Shalnov [3]

Answer:

$10,942.20

Explanation:

The computation of the bond interest expense for the six month is shown below:

= Carrying value of the bond × effective interest rate × number of months ÷ total number of months in a year

= $218,844 × 10% × 6 months ÷ 12 months

= $10,942.20

By multiplying the carrying value of the bond with the effective interest rate and the number of months we can get the bond interest expense and the same is to be considered

4 0
3 years ago
The broccoli market is perfectly competitive. This means that the price of broccoli is ________ than the price would be if the m
LiRa [457]

Answer:

Price is lower than ; Quantity is higher than Monopolistic Competition

Explanation:

Perfect Competition is a market form with many buyers & sellers, selling homogeneous products at constant prices. Having uniform prices, It has perfectly elastic horizontal demand (Average Revenue) curve, ie = Marginal Revenue curve. Equilibrium price is where MR = MC ; So price = MC. This leads to optimal quantity supplied in market

Monopolistically competitive is market form having many sellers, selling slightly differentiated products, at different prices. Their demand curve (AR curve) is usually downward sloping, lies above the MR curve. Market equilibrium quantity is determined at MR = MC. The corresponding price is determine as per higher demand (AR) curve. Price > MC implies less than optimal quantity supplied in markets

Hence : Broccoli would be lower priced & higher supplied in case of perfect competition market, relatively higher priced  & less supplied in case of monopolistic competition market.

7 0
3 years ago
A local chamber of commerce plans a seminar on ""the social responsibility of business in our community. "" what does the term r
Mashcka [7]

A local Chamber of Commerce plans a seminar on “the social responsibility of business in our community.” What does that term reference?

( The expectations that the community imposes on firms doing business inside its borders.) correct answer of your question ✅
8 0
2 years ago
_____ is a financial asset that cannot be directly used as a medium of exchange but can be readily converted into cash or checka
shusha [124]

Answer: The correct answer is "near moneys".

Explanation: <u>near money is a financial asset that cannot be directly used as a medium of exchange but can be readily converted into cash or checkable bank deposits.</u>

It is a term that in finance is used to refer to an asset that despite not being usable money as a medium of exchange, has a high degree of liquidity, that is, it has the facility to quickly become cash.

3 0
3 years ago
Which of these changes are planned and based on situations that are expected to arise?
VLD [36.1K]
Exponential could be a good strategy
6 0
4 years ago
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