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goblinko [34]
3 years ago
14

Candice is a jewelry shop owner, specializing in beaded necklaces. For each of the following inputs, classify each item as a var

iable input or a fixed input in the long run.
i. Shipping
ii. Chairs
iii. Upper Managment salary
iv. Beads
v. Hourly Labour
vi. Computers
vii. 2 years Lease on office and rental space
Business
1 answer:
Valentin [98]3 years ago
6 0

Answer:

Fixed Inputs : ii , iii , vi , vii

Variable Inputs : i , iv , v

Explanation:

Short run is a period in which few factors (inputs) of business can be changed. Fixed Inputs are inputs of the business which are constant in short run.  Variable Inputs are inputs of business which are change-able in short run.

Fixed Inputs : Chairs , Upper Management Salary, Computers , 2 Years lease on office & rental space. As, these can't be changed in short run.

Variable Inputs : Shipping , Beads , Hourly Labour. As, these can be changed in short run.

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2 years ago
During the year ended December 31, 2018, Kelly’s Camera Shop had sales revenue of $180,000, of which $90,000 was on credit. At t
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Answer:

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Cr Accounts Receivable   $ 1,400

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Dr Bad Debt Expense $ 752  

Cr Allowance for Uncollectible Accounts  $ 752

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Cr Allowance for Uncollectible Accounts  $ 500

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Dr Accounts Receivable  $ 60,000  

Cr Sales  $ 60,000

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Cr Accounts Receivable   $ 58,000

(a) On December 10, a customer balance of $1,400 from a prior year was

determined to be uncollectible, so it was written off.  

Dr Allowance for Uncollectible Accounts $ 1,400  

Cr Accounts Receivable   $ 1,400

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Dr Bad Debt Expense $ 752  

Cr Allowance for Uncollectible Accounts  $ 752

6 0
3 years ago
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IRINA_888 [86]

Answer:

When owners are separated from the business

Explanation:

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Hence when owners are separated from the business is the correct answer.

7 0
2 years ago
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