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dsp73
2 years ago
10

Which of these assumptions is often realistic for a firm in the short run? a. The firm can vary both the size of its factory and

the number of workers it employs. b. The firm can vary the size of its factory but not the number of workers it employs. c. The firm can vary the number of workers it employs but not the size of its factory. d. The firm can vary neither the size of its factory nor the number of workers it employs.
Business
1 answer:
Romashka-Z-Leto [24]2 years ago
6 0

Answer:

The correct option here is C) the number of workers can be varied but not size of factory.

Explanation:

In the short run it would not be possible to shift or vary the size of factory and even if they try doing that it will talk lot of time and cost , which is in no way beneficial for the firm. But what firm can do is vary the number of workers they employ, like if they want to take advantage of economies of scale , they can do that by assigning less tasks to employees and for that they can make changes in the number of employees as per the requirement.

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Mikey initially invested $2,400 in a company and has held this investment for 3 years. He sold the investment after 3 years for
Tanzania [10]

Answer:

499.80

Explanation:

There is no 39.6% tax bracket, the highest marginal tax is 37%. But we can assume that Mikey had to pay 39.6% in taxes which means that he is in the seventh tax bracket (highest). Since he is classified under the highest tax bracket, he will also pay the highest capital gains rate which is 20%.

Mikey's long term capital gain = $4,950 - $2,400 = $2,550

if he paid regular income taxes = $2,550 x 39.6% = $1,009.80

since he pays capital gains taxes = $2,550 x 20% = $510

That means he saves $1,009.80 - $510 = 499.80

3 0
3 years ago
Assume selected financial data for Sun Health Group and Select Medical Corporation, two companies in the health-care industry, a
SVEN [57.7K]

Answer and Explanation:

The computation of receivables turnover ratio and average collection period for Sun Health and Select Medical is shown below:-

For Sun health

Accounts Receivables Turnover Ratio = Net Sales ÷ Average Accounts Receivables

= Net Sales ÷ ((Accounts Receivables at the beginning + Accounts Receivables at the end) ÷ 2)

= $3,630 ÷ (($300 + $287) ÷ 2)

= $3,630 ÷ 293.5

= 12.4 times

Average Collection Period = Number of days in a year ÷ Accounts Receivables Turnover Ratio

= 365 ÷ 12.37 times

= 29.5 days

For Sun medical

Accounts Receivables Turnover Ratio = Net Sales ÷ Average Accounts Receivables

= Net Sales ÷ ((Accounts Receivables at the beginning + Accounts Receivables at the end) ÷ 2)

= $3,940 ÷ (($499 + $438) ÷ 2)

= $3,940 ÷ 468.5

= 8.4 times

Average Collection Period = Number of days in a year ÷ Accounts Receivables Turnover Ratio

= 365 ÷ 8.41 times

= 43.4 days

6 0
3 years ago
When an insurance agency published an advertising brochure, it emphasized the company's financial stability and sound business p
Alex Ar [27]

Answer:

The right answer is 3. False financial statement

Explanation:

When a company gives statements about its processes that are different from those that are occurring inside it, it is considered false and misleading information. In the case of the previous approach as provided in the brochures that your financial situation is the best, we consider the answer 3 as correct since this information does not match what actually happens. therefore, in a false information.

3 0
2 years ago
On July 1, 2020, the beginning of its fiscal year, Ridgedale County recorded gross property tax levies of $5,100,000. The county
vampirchik [111]

Answer:

Dr Taxes Receivable- Current $5,100,000

Cr Allowance for Uncollectible Current Taxes $153,000

Cr. Revenues $4,947,000

Dr Cash $4,755,000

Cr Taxes Receivable-Current $4,755,000

Dr Taxes Receivable-Delinquent $345,000

Dr Allowance for Uncollectible Current Taxes $153,000

Cr Taxes Receivable-Current $345,000

Cr Allowance for Uncollectible Delinquent Taxes $153,000

(3%*$5,100,000)

Dr Interest & Penalties on Delinquent Taxes $15,400

Cr Allowance for Uncollectible Interest and Penalties $2,150

Cr Revenues $13,250

Dr Cash $63,200

Cr Taxes Receivable-Delinquent $57,500

Cr Interest & Penalties Receivable on Taxes $5,700

Explanation:

Preparation of the journal entries to Record entries for the transactions as stated and to Prepare the journal entries to record the tax levy on July 1, 2020, in the General Fund

Dr Taxes Receivable- Current $5,100,000

Cr Allowance for Uncollectible Current Taxes $153,000

(3%*$5,100,000)

Cr Revenues $4,947,000

($5,100,000-$153,000)

Dr Cash $4,755,000

Cr Taxes Receivable-Current $4,755,000

Dr Taxes Receivable-Delinquent $345,000

$5,100,000-$4,755,000)

Dr Allowance for Uncollectible Current Taxes $153,000

(3%*$5,100,000)

Cr Taxes Receivable-Current $345,000

Cr Allowance for Uncollectible Delinquent Taxes $153,000

(3%*$5,100,000)

Dr Interest & Penalties on Delinquent Taxes $15,400

Cr Allowance for Uncollectible Interest and Penalties $2,150

($15,400-$13,250)

Cr Revenues $13,250

Dr Cash $63,200

( $57,500+$5,700)

Cr Taxes Receivable--Delinquent $57,500

Cr Interest & Penalties Receivable on Taxes $5,700

7 0
2 years ago
Some major considerations when deciding on housing are needs and?
vaieri [72.5K]

Answer:

Budget

Explanation:

on edge2021! hope this helps!~ (*^▽^*)

5 0
3 years ago
Read 2 more answers
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