True. <span>Because risk is associated with the potential for higher profits, businesspersons are motivated to choose organizational forms that limit their liability while allowing them to take risks that may lead to greater profits. Organization forms refers to how a company organizes different organizations within the company. A great deal of focus and planning goes into deciding how an organization should structure themselves to be the most profitable. </span>
Answer:
a. True
Explanation:
A revolving credit agreement is a line of credit, that is, a default limit that a firm can use to borrow money as much as possible until this limit is reached. The firm will have to pay the bank for a commitment to lend or extend such funds. The bank will also put some factors about the firm's ability to pay into consideration before revolving credit can be used.
It's called a inflamtion, when basict when the economy gets really strong ,we have a hard time keeping up with demand and need to make the economy more weaker to balance things out
Answer:
$480
Explanation:
Data provided in the question:
Machine Hours Repair Costs
2,400 $6,385
1,200 $3,480
2,000 $5,285
3,400 $8,980
Now,
Machine Hours Repair Costs
Highest 3,400 $8,980
Lowest 1,200 $3,480
Difference 2,200 $5,500
Unit variable cost = $5,500 ÷ 2,200
= $2.5
Total cost at high level = $8,980
Machine hours highest level = 3,400
Also,
Total cost at high level = Fixed cost + Variable cost at highest level
or
$8,980 = Fixed cost + [ $2.5 × 3,400 ]
or
Fixed cost = $8,980 - [ $2.5 × 3,400 ]
= $8,980 - $8,500
= $480
