If,at the current level of output, a firm's average cost is greater than its marginal cost, then:

Executives who make assumptions about what an adversary can and cannot do put their organization's performance in jeopardy. Grou

ehidna [41]

Answer:

The statement is: False.

Explanation:

Managers must make decisions based on facts and support data -such as the accounting books of the company- since those sources provide objective information on what is happening in regards to the organization. Even if they might be allowed to follow their instinct in taking risky investment decisions, a study must be made before taking a step forward to analyze what the best output could be.

Thus, guessings and personal points of view are not enough for managers to conduct business.

4 0

2 years ago

Sandra Sousa, Registered Dietician Trial Balance July 31, 2018 Balance Account Title Debit Credit Cash 33000 Accounts Receivable

kirza4 [7]

Answer:

Requirement 1. Prepare the income statement for the month ended July 31, 2018.

Sandra Sousa, Registered Dietitian

Income Statement

For the Month Ended July 31, 2018

Service Revenue $11,258

Salaries Expense -$1,500

Rent Expense -$1,200

Utilities Expense -$350

Net income $8,208

Requirement 2. Prepare the statement of owners equity for the month ended July 31, 2018.

Sandra Sousa, Registered Dietitian

Statement of Owner's Equity

For the Month Ended July 31, 2018

Sousa, Capital balance July 1, 2018 $22,000

Investment during month $0

Net income $8,208

subtotal $30,208

Withdrawals during the month -$2,000

Sousa, Capital balance July 31, 2018 $28,208

Requirement 3. Prepare the balance sheet &s of July 31, 2018.

Sandra Sousa, Registered Dietitian

Balance Sheet

For the Month Ended July 31, 2018

Assets:

Cash $33,000

Accounts Receivable $9,600

Office Supplies $2,200

Prepaid Insurance $2,800

Equipment $18,000

Total assets $65,600

Liabilities and equity:

Accounts Payable $3,100

Unearned Revenue $292

Notes Payable $34,000

Sousa, Capital $22,000

Retained earnings $6,208

Total liabilities and equity $65,600

Requirement 4. Calculate the debt ratio as of July 31, 2018.

debt ratio = liabilities / assets = $65,600 / $37,392 = 175.44%

debt to equity ratio = liabilities / equity = $37,392 / $28,208 = 132.56%

7 0

3 years ago

Critically discuss if government interventions to alleviate poverty are sustainable over a long period of time

Nostrana [21]

I don’t believe that government interventions are sustainable over a long time.
Government interventions such as social welfares are in reality good policies to aid deprived people sustain themselves for a short period of time. Howeveri in order to entirely eradicate their poverty, they have to ultimately get a decent job to maintain their own living, otherwise, the Government just keep on spending and increases national debt over time.

7 0

3 years ago

VLC Corporation sold merchandise with a cost of $200 on account for $300 to PRT Corporation; credit terms were 2 / 10, n / 30. V

tatyana61 [14]

Answer:

The entries in VLC's accounting information system to record all the preceding events will include all of the following except:

C. A credit togross profit

Explanation:

An entry to Gross Profit does not exist because the gross profit it's the result of the total sales minus the Cost of Goods, so the Gross Profit it's a result and not a journal entry.

The other entries are used as follows:

A. A debit to cost of goods sold

D. A credit to inventory

B. A debit to delivery expense

A credit to Cash

3 0

2 years ago

Which best describes the business, management, and administration career cluster?

Arte-miy333 [17]

Answer:

are careers that are focused on running businesses.

Explanation:

The Business, Management, and Administration career cluster includes business skills essential to efficient, productive operations for any company (Administrative and information support, Business analysis, Business, financial management and accounting, Human resources, Management..) The Business, Management, and Administration career cluster is best described with the following: These are careers that are focused on running businesses.

Correct answer: A

4 0

1 year ago