Answer:
Total cost= $100
Explanation:
Giving the following formula:
Joao pays each of his workers $50 per day while incurring a fixed cost of $100 and a variable input cost of $0.20 per cup of coffee for beans, cream, sugar, and paper cups.
I<u>f he does not hire any workers and does not sell a single cup of coffee, his total cost equals his fixed cost.</u>
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Total cost= $100
Answer:
How does voluntary exchange help set prices in a market economy?
Voluntary exchange enables fluctuation in prices and makes it to be vary in the market system, this uncontrolled prices enables customers to buy same goods at different prices because each supplier sells at any convenient prices that suits them not adding both variable cost and fixed cost to determine the price.
Explanation:
Answer:
Section officer are important to give and take the services , cater the services effectively , distribute work among the staff as evenly as possible , drafts laws , put up notes , prepare summaries , manage the relevant record and data of concerned department, reply to letters , communicate with other departments , maintain order and discipline in the section maintenance, etc
<span>If the ending balance is $59,000, and this is increased by $11,000 over last year, then the beginning balance is $59,000 - $11,000 = $48,000. Add to the beginning amount the supplies purchased: $48,000 + $260,000 = $308,000. Again, since the ending balance is $59,000, we subtract this to get the difference, which will equal the expenses for the year: $308,000 - $59,000 = $249,000.</span>
Answer: Retained Earnings
Explanation
The profit for the year less the dividends paid, is finally adjusted in the balance sheet under the name Retained earnings. This means that the retained profits increases the equity by the amount retained.
