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devlian [24]
3 years ago
12

If a firm faces ________________________, while the prices for the output the firm produces remain

Business
1 answer:
DerKrebs [107]3 years ago
3 0

Answer:

The correct answer is letter "B": lower costs of production.

Explanation:

Production Costs are any expense associated with manufacturing a good or providing a service. Production Costs provide a baseline for determining a product's profitability. The lower the production costs of a company, the higher the profits they will earn.

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As a business owner, you're responsible for making the decisions that pertain to the profitability of your business. This decisi
kobusy [5.1K]

Answer: Independence

Explanation: Independence can be explained as a state of existence where one's personal decisions, actions or steps does not hinge on another person's approval or acceptance. It could be seen as a state of autonomy where one can personally decide and actions one feels is best for a certain process at a particular time.

As a business owner, one thinks and acts based on one's personal volition of what is best for his or her business without having to sit and discuss with a group of individual's who may habiur different perceptions or scope. This freedom is usually enjoyed by small business owners rather than large groups of companies or corporations.

7 0
3 years ago
The accompanying list describes the responses of four individuals to a bureau of labor statistics (bls) survey of employment. 1.
kramer
Frictional unemployment is the unemployment that fallouts from period consumed between jobs when an employee is looking for, or moving from one occupation to another. It is otherwise known as search unemployment and can be grounded on the conditions of the individual. So the answer is letter a, Mollie is the frictionally unemployed since she is looking for a job for 3 months already. She is searching and waiting for a job.
7 0
3 years ago
Aleutian Company produces two products: Rings and Dings. They are manufactured in two departments: Fabrication and Assembly. Dat
Wittaler [7]

Answer:

Estimated manufacturing overhead rate= $3 per machine hour

Explanation:

Giving the following information:

Machine Hours Per Unit:

Rings= 6 (1,000 units)

Dings= 11 (2,040 units)

All of the machine hours take place in the Fabrication Department, which has an estimated total factory overhead of $85,200.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 85,200/(6,000 + 11*2,040)= $3 per machine hour

6 0
3 years ago
A. The company provided $2,200 in services to customers that are expected to pay the company sometime in January following the c
FrozenT [24]

Answer:

Year end journal entries are given below in explanation

Explanation:

a. Company provided service to customer which means that company has earned revenue

Account                                             Dr                  Cr

Accounts Receivable                       2200

Sales/Revenue                                                        2200

b. Wages expense have incurred but are not paid yet. Thus, its Liability should be booked.

Wages Expense                                1200

Wages payable / Liability                                        1200

c. The company has taken loan from the bank. Interest due on the loan is 416 but are not paid yet.

Interest Expense                                416

interest Payable                                                       416

d.  The company had contract for lawn service. To book the expense of lawn service

Lawn Service Expense                        520

Lawn Service Payable                                                520

e. The company has also made some investment. $ 220 is earned on that investment. to book the non operating income

Interest revenue receivable                220

Interest revenue - Non operating income                   220

f. Salaries of Supervisor is due on  31 st December but are not paid yet.

Salaries Expense                                   920

Salaries payable                                                              920                              

6 0
3 years ago
Read 2 more answers
A company implementing a(n) ____ strategy would demonstrate the greatest willingness on the part of the company to meet or excee
Allushta [10]
The answer would be : Proactive strategy

Proactive strategy is carried out to prevent the occurrence of challenging behavior from the society towards the company. Company with proactive strategy tend to do a lot of Corporate social Responsibilities to win the crowd's favor. 
8 0
3 years ago
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