Answer:
D. increase marginal revenue
Explanation:
If marginal revenue is less than marginal cost then they are producing too much product and need to decrease production until marginal cost and marginal revenue are equal.
1 ) <span>In a company's SWOT analysis, which of the following is an example of a threat?
</span>In a company's SWOT analysis, if there are many competitors in the market, that can be an example of a threat.
Answer: the supply to increase as farmers plant more corn.
Explanation:
According to the law of supply, quantity supply of a good is positively related to its price. When price of the good rises, producers will take advantage of the higher price by increasing supply. While, when price of the good falls, producers will supply less to the market.
Thus, when corn prices rise significantly and farmers expect the price of corn to continue rising relative to other crops, then we would expect the supply to increase as farmers plant more corn.
Answer and Explanation:
The journal entry to record while receiving the note is shown below:
Notes receivable Dr. $14,000
To Accounts receivable $14,000
(Being receiving of the note is recorded)
Here the note receivable is debited as it increased the assets and credited the account receivable as it decreased the assets
The same is to be considered
Answer:
The $500 is the opportunity cost.
Explanation:
The sunk cost can be defined as a cost that has already been incurred. Such as cost can no longer be recovered. A sunk cost is considered to be irrelevant and is excluded from decision making.
If an individual decided to take an accounting course and paid the tuition fee of $500 and gets a job offer later. If he/she decides to take up the job the tuition fee paid will be the sunk cost which cannot be recovered anymore.
