1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
BaLLatris [955]
3 years ago
9

By shutting​ down, a firm A. can avoid paying taxes on its previously earned profits. B. stops receiving revenue but continues t

o pay variable costs. C. stops receiving revenue and is stuck with its fixed costs. D. avoids its sunk costs as well as its variable costs.
Business
1 answer:
stiv31 [10]3 years ago
4 0

Answer:

<h2>C. Stops  receiving revenue and is stuck with its fixed costs  </h2>

Explanation:

Shut down means that a firm is temporarily suspending the production but not exiting the industry or going out o business and the firm would start production if the market improves. It is a short-run decision.  A firm that has been shut down generates zero revenue and doesn't incurs variable costs, but does incurs the fixed costs. Its profits is equal to the negative of fixed costs. R<em>ents and other business costs that remains constant regardless of the good and services produced is called fixed costs</em>.

You might be interested in
Mark the example as ethical behavior, unethical behavior, or conflicts of interest:
NikAS [45]

Answer:

Just here to keep the question going

Explanation:

5 0
3 years ago
Read 2 more answers
Imagine a day or a week in which you accomplish everything you want while maintaining a comfortable degree of stress and a nice
STatiana [176]

I am figuring this question out for you! one moment please

Explanation:

4 0
3 years ago
Merriweather Post Pavillion received a $820 check from a customer for the balance of accounts due. The transaction was erroneous
Andru [333]

Answer:

C) debit Cash $540 and Service Revenue, $280, credit Accounts Receivable, $820

Explanation:

The correct journal entry should have been:

Dr Cash 820

    Cr Accounts receivable 820

But since the transaction was erroneously recorded as:

Dr Cash 280

    Cr Sales revenue 280

an adjusting entry is necessary for the difference:

Dr Cash 540

Dr Sales revenue 280

    Cr Accounts receivable 820

This way cash account will have increased by $280 + $540 = $820, sales revenue will remain unchanged $280 - $280 = $0, and accounts receivable will decrease by $820.

7 0
3 years ago
Why might you complete a 1040 intead of a 1040EZ?
11111nata11111 [884]
B. You make less than 100’000
7 0
3 years ago
Merchandise is ordered on november 10; the merchandise is shipped by the seller and the invoice is prepared, dated, and mailed b
kifflom [539]

Answer:

The answer is <u>"November 13".</u>

Explanation:

November 13 is the date from which credit period begins in the given scenario because credit period refers to the no. of days that a client is permitted to hold up or wait before paying a receipt or an invoice. It does not refer to the number of days that the client takes to pay an invoice.

6 0
3 years ago
Other questions:
  • If company managers want to pursue cost-saving actions that can potentially result in their company achieving a sustainable cost
    12·1 answer
  • Mica buys "Nature," a movie, through Open View, an online entertainment vendor. Before completing the purchase and downloading "
    6·1 answer
  • Fixed costs included in this income statement are $2,000 for meal production and $400 for administrative costs. Maria has receiv
    9·1 answer
  • Alternative B may be replaced with an identical item every 30 years at the same cost and annual benefit. Using a 10 percent inte
    10·1 answer
  • Stor Manufacturing stores hazardous and volatile chemicals in its warehouse. The warehouse has state-of-the-art equipment to mak
    15·2 answers
  • Apple hosts a large number of forums, which become customers' primary source of product information after warranties expire and
    7·1 answer
  • Kuhn does not have any retained earnings available to finance this project, so the firm will have to issue new common stock to h
    10·1 answer
  • The payroll records of Speedy Software show the following information about Marsha Gottschalk, an employee, for the weekly pay p
    5·1 answer
  • A firm has three different investment options. Option A will give the firm $10 million at the end of one year, $10 million at th
    15·1 answer
  • Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 130 shares of its common st
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!