Acne company has an agreement with a major credit card company that calls for cash to be <u>a </u><u>variable</u><u> </u><u>cost</u>.
Variable costs are fees that change as the extent of modifications. Examples of variable charges are raw substances, piece-rate hard work, production substances, commissions, shipping fees, packaging materials, and credit card costs. In a few accounting statements, the Variable fees of manufacturing are referred to as the “cost of goods offered.”
A variable cost is a price that adjustments in share to manufacturing output or income. While manufacturing or income boom, variable expenses increase; when production or income lower, variable prices lower.
Variable value system. To calculate variable costs, multiply what it costs to make one unit of your product via the full range of merchandise you've got created. This method looks like this: overall Variable charges = value in keeping with Unit x overall variety of units.
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A monopolistically competitive firm may earn abnormally high profits in the short term. Monopolistically competitive firms then typically end up with zero profits long term. Monopolistic competition typically charges more than average cost for the item with a shortage of goods produced.
Answer:
The original records (Option C) is the only option that gives evidence that the event has occurred. Lets assume you own a car, now how will you prove that you own the car. Of course you will show the ownership papers to tell relevant authority that you own this car. Likewise in the company, their is huge flow of data. The events occurring are recorded in the accounting system but their evidences are kept in the file. According to the International Standard on Auditing ISA 500, the evidence is must be reliable. This means the original records are always reliable because they are confirmations from the parties that are independent of the company's operations.
Answer:
Accommodation and food services; finance and insurance; and health care and social assistance industries were the leading contributors to the 5.0 percent (annual rate) decrease in gross domestic product (GDP) in the first quarter of 2020, according to the Bureau of Economic Analysis.
Answer: Type the correct answer in the box. Spell all words correctly. Which general area of specialization are you in if you are managing the accounting.
Explanation: You are in the specialization if you are managing the accounting function for a large organization, such as one that trades on public stock exchanges.