Answer: how much butter she buys at each price point.
Explanation: The demand curve shows how much a person chooses to buy at different prices. In order to graph the curve, we need to know how much butter Jenna buys when it costs $1, $1.50, and $1.75.
Depends on the banks policy. My bank is pretty good, and with my opt in overdraft protection, there are no incurred fees.
Answer:
Balance = $1,650
Explanation:
As Norma company has paid 4 months rent in advance, therefore at the end of June, norma company will record its 1-month expense as follows
Adjusting entry at the end of June would be
DEBIT CREDIT
Entry
Rent Expense $550
Prepaid Rent $550
The balance on Norma's prepaid expense would be
Prepaid Rent = $2200
Rent Expense = ($550)
Balance = $1,650
If a company would like to improve its degree of using leverage it should increase its Fixed Costs relative to its Variable Costs.
<h3>What is the relationship between variable cost and fixed cost with profit?</h3>
As they are time-related, or stable across time, fixed costs. Variable costs depend on volume and shift as the quantity of output does.
Variable costs are those that rise or fall in line with the volume of goods produced, while fixed costs remain constant regardless of output levels. Gross profit is significantly influenced by both fixed and variable costs; when production costs rise, gross profit decreases.
The amount of product generated determines the fluctuation in variable costs. Raw materials, labor, and commissions are examples of variable expenses. Regardless of the level of production, fixed expenses stay constant. Lease and rental payments, insurance, and interest payments are examples of fixed costs.
To learn more about variable cost and fixed cost refer to:
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