The percentage of the money given to practitioner is called "commission"
Answer:
Net Income
Cash basis $10,800
Accrual basis $20,500
Explanation:
Computation of Roma company’s first-year net income under both the cash basis and the accrual basis of accounting will be:
Cash basis Accrual basis
Revenue $39,000 $47,000
Expenses $28,200 $26,500
Net Income $10,800 $20,500
Cash paid $20,950
Add Prepaid cash $7,250
=$28,200
Therefore first-year net income cash basis will e $10,800 and accrual basis will be $20,500
Answer:
The correct answer is option B.
Explanation:
Diseconomies of scale refer to the situation when a firm reaches that stage where increasing output causes the average cost of production to increase instead of decreasing.
This stage comes after the firm has reaped the economies of scale. Diseconomies can arise because of external as well as internal factors.
The main reason behind the diseconomies is that as the firms become increasingly large, it becomes difficult to efficiently coordinate production.
With large scale production, overcrowding of machines and workers create a mismatch and causes the cost to increase. Also with large scale communication between workers and departments become less effective. All these make it difficult to coordinate the production process.
Answer:
Variable cost=$750,000
Fixed costs= $13,000
Explanation:
Giving the following information:
The firm must purchase $60 in raw meat and pay $50 in wages for labor and $40 in fuel costs. Also, the firm rents a factory for $10,000 per month and makes 3,000 in monthly payments on meat packaging equipment. Suppose the firm prepares and transports 5,000 packages of meat per month.
Variable cost= raw meat + wages + fuel= (60 + 50 + 40)*5,000= $750,000
Fixed costs= rent + packaging equipment= 13,000
Answer: "systematic review" .
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