For a restaurant, some variable costs could be labor costs/ worker wages, raw product/ purchasing food to cook, and energy and fuel/ utilities.
Answer:
September 1, 202x, petty cash fund established
Dr Petty cash fund 220
Cr Cash 220
September 10, 202x, petty cash expenses and replenishment of petty cash fund
Dr Postage expenses 78
Dr Supplies expenses 51
Dr Cash short and over 15
Cr Cash 144
September 15, 202x, petty cash fund is increased
Dr Petty cash fund 85
Cr cash 85
A financial manager because credit analysis analyze the credit rating of people or companies but since he is reviewing financial data he would be a financial manager hope that helps :)
The firm experiences economies of scale at which output levels output levels less than M.
A firm experiences economies of scale when as quantity produced increases, total cost reduces. This is because total cost associated with production is spread out over a large quantity of goods.
A firm experiences economies of scale at the downward sloping part of the long run average total cost curve.
A firm experiences constant returns to scale between M and N of the long run average total cost curve.
A firm experiences diseconomies of scale at the upward sloping part of the long run average total cost curve.
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Answer:
The answer is b
Explanation:
Demand for money is the situation in which money are held in cash form without spending it. The demand for money is a derived demand in the sense that people do not spend all their salaries when they receive it at the end of the month. The portion of their salaries which they do not spent immediately they are received is what we referred to as the demand for money. There are three reasons for holding money which are
Transaction motive :This is the desire to keep money in order to meet the day to day transaction of business such as buying of foodstuff and to meet other family need .
Precautionary motive : This is the desire to keep money in order to meet the unforseen circumstances which are not planned for but which immediately occur, such as sickness, unexpected visitors, breakdown of one's car,
Speculative motive :This is the desire to keep money with the hope of using the money in making quick money. It is a money held with the hope of giving it out in form of loan if the interest is high and at a short period of time.for instance purchasing shares at a lower prices and re-selling it at higher prices .it also includes buying goods at a lower prices and re-selling at a higher prices for example cars.