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2 years ago

Which of the following statement is TRUE about variable expenses?

Business

1 answer:

german2 years ago

6 0

Answer:

B. The amount you spend on variable expenses changes from month to month.

Explanation:

A variable expense is an expense which is bond to fall or rise in its totality given the status of factors such as; a change in the total sales, change in the ammount of supply or production.

Hense, this ammount is bond to change from time to time.

Some examples of variable expenses include; Labor, expense of raw materials, e.t.c

The expenses which are fixed are known as fixed expenses, they do not change. Some examples are; Insurance, rent and such like expenses.

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As a CEO, you are concerned that your firm and the industry in your country are being devastated by foreign imports. Trade lawye

sashaice [31]

Answer:

The company can file antidumping case against the leading foreign rivals. The probability of winning the case is only high when there is cash deposits near to zero in the country and balance of payment is negative.

Explanation:

There can be a law suit files against the foreign rivals but the company will have to bear lawyers fee for this. There is a threat to employment of labor in the home country as most of the goods are imported so factories in the home country will be moved towards shut down because consumers will be buying imported goods which are offered at low price.

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3 years ago

The first US Airline:

olga2289 [7]

Answer:

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3 years ago

Read 2 more answers

A company that manufactures and sells kitchen scrubbing sponges has significantly lower cost structures than its competition. Th

chubhunter [2.5K]

Answer:

The correct answer is “Pricing below competitors”.

Explanation:

It is given that the organization is operating with a lower cost structure as compared to its competitor and it is also enjoying the economies of scale. Since lower cost structure makes the organization capable to keep the price of its product lower as compared to its competitor. Moreover, the lower price of a commodity will attract new customers. Consequently, its sales volume will increase.

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2 years ago

In a fractional-reserve banking system with no excess reserves and no currency holdings, if the central bank buys $100 million w

NARA [144]

Answer:

c. reserves increase by $100 million and the money supply increases by more than $100 million

Explanation:

Based on the information given in a situation where a FRACTIONAL-RESERVE BANKING SYSTEM has no availability of EXCESS RESERVES and no CURRENCY HOLDINGS, which means that if the central bank buys BONDS that worth $100 million, the RESERVES will tend to INCREASE by the amount of $100 million while the MONEY SUPPLY on the other hand will INCREASES by more than $100 million.

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3 years ago

The burden of a tax is shared by producers and consumers. Under what conditions will consumers pay most of the tax? Under what

juin [17]

Answer:

The correct answer is option C.

Explanation:

Imposition of tax causes the market equilibrium price to increase. This creates a tax wedge by increasing the price paid by the buyer and reducing the price received by the seller.

So the burden of tax is shared by both buyers and sellers. Who will share most of the burden depends on their elasticity.

If the demand is more inelastic, consumers will share most of the burden. If the supply is more inelastic, producers will bear most of the burden.

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3 years ago