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3 years ago

A variable cost

Business

1 answer:

olchik [2.2K]3 years ago

4 0

Answer:

b. changes in the same direction and in direct proportion to changes in operating activity.

Explanation:

Variable costs rise whenever production increases and falls whenever it decreases. This relationship shows that variable cost is a direct function of production volume. Examples are labor, packaging, raw materials, as these are utilized in a company's manufacturing process.

They are different from fixed costs as the latter remain the same irrespective of the volume of production your business generates. Fixed costs are also predetermined ,hence remain the same throughout a specific period.

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Answer:

Explanation:

In a situation such as this one the individual workers and their families may be better off or may actually do worse due to the real wage rises in terms of agricultural goods but the real wage in terms of the manufactured goods will actually fall. Therefore it depends on the worker's unique situation and in which sector they are in which determines if they are better or worse.

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3 years ago

Roper Electronics received its bank statement for the month of August with an ending balance of $11,740. Roper determined that c

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3 years ago

What might be an example of corporate social responsibility

Thepotemich [5.8K]

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3 years ago

Read 2 more answers

Dhaliwal Digital categorizes its accounts receivable into three age groups for purposes of estimating its allowance for uncollec

inysia [295]

Answer:

1. Estimate the appropriate 12/31/2021 balance for Dhaliwal’s allowance for uncollectible accounts.

$19,905 credit balance

2. What journal entry should Dhaliwal record to adjust its allowance for uncollectible accounts?

December 31, 202x, adjustment of bad debt expense

Dr Bad debt expense 45,605

Cr Allowance for uncollectible accounts 45,605

= $19,905 + $25,700 = $45,605

Explanation:

Accounts not yet due = $104,000; estimated uncollectible = 15%. ⇒ bad debt = $104,000 x 15% = $15,600

Accounts 1–45 days past due = $14,400; estimated uncollectible = 20%. bad debt = $14,400 x 20% = $2,880

Accounts more than 45 days past due = $5,700; estimated uncollectible = 25%. bad debt = $5,700 x 25% = $1,425

total bad debt expense = $15,600 + $2,880 + $1,425 = $19,905

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3 years ago

Able Trucking Corporation files a suit in a state court against Bob’s Service Company (BSC), and wins. BSC appeals the court’s d

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Answer:

Explanation:

An appellate court will reverse a lower court’s decision on the basis of the facts only

when the finding is clearly erroneous (that is, when it is contrary to the evidence

presented at trial) or when there is no evidence to support the finding. Appellate courts

normally defer to a trial court’s decision with regard to the facts of a case, however, for

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3 years ago