Answer:
Kate should keep the business open in the short run, but plan to go out of business in the long-run
Explanation:
Using the information given, we see that:
- Kate's 24-hour diner offers one item
- item is $5.00
- Average variable cost is $3.95.
- Average fixed cost is $1.25
Therefore we have,
$$
$
The result gotten shows that the <em>Average total cost is $5.2 </em>which is higher than price.
Because the <em>Average Variable Cost</em> is less than <em>Price</em> and the <em>Average Total Cost</em> is greater than <em>Price</em>, Kate should keep the business open in the short-run, but plan to go out of business in the long-run.
Answer:
Explanation:
1. April 1, 2018
Dr Notes Receivable 570,000
Cr Cash 570,000
2. Dec 31, 2018
Dr Interest Receivable 47,025
Cr Interest revenue 47,025
*Interest Revenue = Face value*Annual int. rate*Fraction of the year = 570,000*11%*9/12 = 47,025
3. April 1, 2019
Dr Cash 632,700
Cr Notes receivable 570,000
Cr Int receivable 47,025
Cr Int revenue 15,675
*Int revenue = 570,000*11%*3/12 = 15,675
The essential function a bank can perform is that of transferring money from savers to borrowers.
<h3>What do you mean by the bank?</h3>
A bank refers to the financial institution that is entitled to receive deposits and make loans.
Transferring funds from savers to borrowers is a very important function that financial institutions perform that is critical to the economy's growth prospects as these account balances constitute a larger portion of the money supply.
Learn more about bank here:
brainly.com/question/7275286
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Answer:
The correct answer is letter "C": Henri Fayol's administrative management.
Explanation:
Turkish economist Henri Fayol (1841-1925) is considered the father of modern management. Fayol summarized his ideas on corporate management in 14 principles in which he emphasizes <em>organizational hierarchy, fair and kind employee treats, and corporate spirit.</em>