Economies of scale exist when the long run average cost curve:

A contest for an honor or an award is called?

seraphim [82]

Answer:

D. a competition.

Explanation:

A contest for an honor or an award is called a competition. The competition most times appears to be a thing not multiple people can attain at a time.

7 0

3 years ago

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EasyOpen Inc. gained a patent for an electronic corkscrew. Soon the company made a huge profit on this device. Recently, however

n200080 [17]

Answer:

2. EasyOpen's patent expired after 20 years

Explanation:

Patent rights last for about a limited period of time, as well as the right to file a lawsuit on other sides for infringement of the patent is centered on that time.

Inventors and other patent proprietors may therefore choose to measure and evaluate their patent's expiry date.

It will mostly rely heavily on the date of filing of your patent application, and also the sort of patent they obtained.

Patents are defined as utility patents, patents on designs or patents on plants.

Patent protection for utility patents, which are the most common type of patent, and which EasyOpen Inc is part of, lasts 20 years after the patent application's filing date.

5 0

3 years ago

Jay sold three items of business equipment for a total of $300,000. None of the equipment was appraised to determine its value.

olasank [31]

Answer:

Consider the following calculations

Explanation:

Step 1. Given information.

Asset Cost Adjusted Basis

--------------------------------------------------

Skidder 230,000 40,000

Driller 120,000 60,000

Platform 620,000 0

-------------------------------------------------

Total 970,000 100,000

Step 2. Formulas needed to solve the exercise.

Allocation for each asset = value sold * (adjusted basis / total)

Gain on sale = Sales price - Adjusted basis amount

Step 3. Calculation and Step 4. Solution.

Sales price is allocated on the basis of adjusted value.

Skidder = 300.000 * 40.000/100.000 = 120.000

Driller = 300.000*60.000/100.000 = 180.000

Platform = 300.000*0/100.000 = 0

Gain on sale = Sales price - Adjusted basis amount

= 300.000 - (40.000 + 60.000 + 0)

= 200.000

6 0

3 years ago

The __________ is a listing of all the balance sheet and income-related accounts

fenix001 [56]

Answer : Chart of accounts Explanation: A chart of accounts (COA) is a created list of the accounts used by an organization to define each class of items for which money or the equivalent is spent or received. It is used to organize the finances of the entity and to segregate expenditures, revenue, assets and liabilities in order to give interested parties a better understanding of the financial health of the entity.

8 0

3 years ago

Cherokee Inc. is a merchandiser that provided the following information: Number of units sold 14,000 Selling price per unit $ 16

DanielleElmas [232]

Answer:

Results are below.

Explanation:

First, we need to calculate the cost of goods sold:

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

COGS= 12,000 + 87,000 - 23,000

COGS= $76,000

Traditional format income statement:

Sales= 14,000*16= 224,000

COGS= (76,000)

Gross profit= 148,000

Total selling expense= (20,000 + 14,000*1)= (34,000)

Total administrative expense= (13,000 + 14,000*1)= (27,000)

Net operating income= 87,000

Contribution format income statement:

Sales= 14,000*16= 224,000

Total variable cost= (76,000 + 14,000 + 14,000)= (104,000)

Contribution margin= 120,000

Total fixed selling expense= (20,000)

Total fixed administrative expense= (13,000)

Net operating income= 87,000

5 0

3 years ago