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2 years ago

Imagine yourself as a business owner just before an economic event such as a recession or depression. What impact would

1 answer:

5 0

I’d be like —> aww hecc my business gonna lose so much customers now I gotta figure out ways to cut costs and I may have to fire some people. Now I have to decrease my prices... stupid economy. I want my good paying customers back ;(

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What are some reasons that a business would borrow funds

algol [13]

Answer:

Start up costs have to be paid. Before a single sale can be made, there needs to be something to sell. ...

Working Capital is Needed to Keep Cash Flowing. ...

Use The Investment To Make More Than It Costs To Borrow. ...

Borrowing Money Reduces Personal Risk. ...

Insufficient Funds.

Explanation:

5 0

2 years ago

The existence of ending Work In Process Inventory necessitates the use of the 5minusstep process costing procedure. true or fals

tensa zangetsu [6.8K]

Answer:

The statement is: True.

Explanation:

The Work In Progress (WIP) Inventory represents the sources needed during the production of a good. While calculating costs for those sources it is necessary to follow the 5-steps of process costing which are the following:

1) Determine the flow of units generated.

2) Adjust the inventory to calculate the equivalent units.

3) Identify the total cost.

4) Calculate the average cost per equivalent unit.

5) Record these costs to finished units and Work in Process units.

8 0

3 years ago

K-Too Everwear Corporation can manufacture mountain climbing shoes for $13.5 per pair in variable raw material costs and $13.44

Alborosie

Answer:

Production costs= $4,310,400

Explanation:

Giving the following information:

$13.5 per pair in variable raw material costs and $13.44 per pair in variable labor expense.

The production costs are the sum of direct material, direct labor, and variable overhead.

Production costs= (13.5 + 13.44)*160,000= $4,310,400

8 0

2 years ago

Read 2 more answers

In the short run, a perfectly competitive firm will always shut down if total revenue is ____ at all positive output levels. les

sdas [7]

Answer:

None of the options is correct.

Explanation:

In a perfectly competitive market a company will shut down in the short run if its product's price is less than the variable cost (total revenue is less than total variable costs).

Since all the companies are price takers in a perfectly competitive market, then the company cannot increase their prices, so they will temporarily shut down until the equilibrium price increases above its variable cost.

4 0

3 years ago

When Toyota introduced its Scion line of cars, the lowest-price model was listed for $15,000 while the highest-priced model was

Minchanka [31]

Answer:

Toyota used the price lining approach of pricing

Explanation:

Price lining is also known as the product line pricing which is a process of marketing, wherein the products or the services within a particular group are set at the different points of the price.

So, the company used the approach of price lining where they have the highest price as well as the lowest price list.

3 0

2 years ago