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3 years ago

The traditional view is that the optimum level of inspection is where the

1 answer:

7 0

<span>The traditional view is that the optimum level of inspection is where the sum of inspection costs and the costs of passing defects is equal.

The optimum level of inspection is a company catching defects and making sure they are not letting a lot of defects slip by. The goal is to keep them under the average for the industry and as close to allowing no defects to slip through to consumers as possible.
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August 1 M. Harris, the owner, invested $8,000 cash and $34,400 of photography equipment in the company. August 2 The company pa

Dmitrij [34]

Answer:

Date : August 1

Assets (Cash $8,000 and Equipment $34,400) = Increase $42,400

Liabilities = No Effect

Equity (Capital $42,400) = Increase $42,400

Date : August 2

Assets (Cash and Equipment) = $3,300 decrease -cash and $3,300 increase - equipment

Liabilities = No effect

Equity = No Effect

Date : August 5

Assets (Cash and Supplies) = $1,520 decrease -cash and $1,520 increase - equipment

Liabilities = No effect

Equity = No Effect

Date : August 20

Assets (Cash ) = Increase $2,100

Liabilities = No Effect

Equity (Services Revenue) = Increase $2,100

Date : August 31

Assets (Cash = Decrease $881

Liabilities = No Effect

Equity (Utilities Expense) = Decrease $881

Explanation:

The accounting equation is stated as : Assets = Equity + Liabilities

Each and every transaction first identify the Accounts affected, then determine which accounts fall within the Asset, Equity or Liabilities category and the effect thereof to the category.

4 0

3 years ago

Issues of growth are generally considered in: Multiple Choice neither the short-run nor the long-run frameworks. the short-run f

liraira [26]

Answer:

the long-run framework.

Explanation:

In Economics, Growth can be defined as an increase or rise in the level of output and production of goods and services over a specific period of time by a business entity.

Issues of growth are generally considered by economists in the long-run framework because growth itself is a long-run phenomenon in economics.

A long-run growth refers to the continuous and sustained increase in the level of output of goods and services or quantity of production that a business is able to achieve.

Hence, all of the four factors of production affects the level of growth that is being experienced by an individual or organization. These factors are;

1. Capital.

2. Labor.

3. Land.

4. Entrepreneur.

<em>In a nutshell, business owners and economist usually consider the growth of a business as a long-run phenomenon rather than as a short-run phenomenon. </em>

7 0

3 years ago

Check the correct category for each of the following items. Note: for purposes of this exercise, consider cash in and out for th

liraira [26]

Answer:

1. The correct category for each of the following items:

Cash In/Income:

Personal income

Business Income

Cash Out/Expense:

Cost of business trip = variable

State tax liability = fixed

Clothing purchases = variable

2. For example, your mortgage would be considered a fixed expense, because the total amount does not vary. Conversely, grocery bills would be considered variable, because the actual amount is not fixed but varies.

Explanation:

Variable cost or expense has a fixed cost per unit, with the total amount varying, depending on the units or quantities consumed. Fixed cost does have a fixed total amount within the relevant range, but the cost per unit varies.

7 0

3 years ago

Suppose a new recreational neighborhood park would cost $20,000, including opportunity costs, to construct and maintain. if b

oksian1 [2.3K]

The decision to build the park or not would be based solely on the cost – benefit relationship of this project. Since there is no other factor considered in this problem, you only need to see if the benefit of constructing the park would exceed its cost. In this problem, the cost to construct the park is $20,000 while the marginal benefit would be $24,000 ($8,000 x 3 families that can benefit from this project). Therefore, you can say that the benefit has exceeded its cost. As a conclusion, the neighborhood park should be built because it benefits the families living in that area more than its cost.

8 0

2 years ago

(PLEASE ANSWER FAST!!) (13 POINTS)

suter [353]

Answer:

C. four years

Explanation:

hope this helps

7 0

2 years ago

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