Answer:
Option (D) is correct.
Explanation:
Given that,
Current market price = $7.50
Average variable cost = $8.00
Average total cost = $8.25
It can be seen from the above information that current market price is less than the average variable cost, i.e, $7.50 < $8.00.
Mrs. Smith should shut down its production in the short run as well as in the long run until the point where current market price is greater than or equal to average variable cost.
Answer:At year-end (December 31), Chan Company estimates its bad debts as 0.80% of its annual credit sales of $831,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $416 account of P. Park is uncollectible and writes it off as a bad debt. On June 5, Park unexpectedly pays the amount previously written off. Prepare the journal entries for these transactions. View transaction list 1 Record the estimated bad debts expense. 2 Wrote off P. Park's account as uncollectible. 3 Reinstated Park's previously written off account 4 Record the cash received on account. Credit Note :· journal entry has been entered Record entry Clear entry View general journal
Answer: we can conclude Chuy plans to save $55 a week
Explanation:
Answer:
The correct answer is the last statement.
Explanation:
Actions that are intended to make economic outcomes fairer may cause a reduction in economic efficiency. This is because we have limited resources with alternative uses and we need to use these resources to satisfy our unlimited wants and needs. If we increase spending resources on one use we need to sacrifice its alternative. If we try to achieve equity we need to compromise with efficiency.
<span>do all of these</span><span>
Risk management is when you identify, prioritize and assess risks followed by organized application of your resources in order to track, lessen and control events that are fortuitous or unfortunate in nature. This is used in economics in order to get the most for the realization of goals and business prospects. Risk management aims to prove that uncertain, unexpected and unordinary events do not affect or hinder the business to succeed and reach the end goal. This is why this is important in the planning process.</span>
