Answer:
(A) when output increases, the firm spreads its total fixed cost over a larger output
Explanation:
The average fixed cost will decrease as the output increase because the company allocate ths cost over a larger amount making the weight on each unit decrease:
Using math we can determinate that the fixed cost tend to zer oas higher increase the amount of quantity produced.
Detrimental relationship is a type of harmful relationship that may hurt a person in a relationship. Detrimental is something that has a damaging and harmful effect on someone or something.
Answer:
Campus Stop, Inc.
Partial Income Statement
Sales revenue $323,300
Sales returns ($1,730)
Sales discounts and allowances <u> ($2,270)</u>
Net sales $319,300
Cost of goods sold <u>($172,870)</u>
Gross profit $146,430
Gross profit margin = $146,430 / $319,300 = 45.86%
Answer:
to solicit orders and get ratification and acceptance from his or her employer.
Explanation:
Legal authority is defined as the a provision of the law that carries the force of the law including statutes, rules, regulations, and court rulings.
So the legal authority of a person in a particular capacity is what he is legally allowed to do in a given transaction.
In this instance we are considering a salesperson. The legal authority of a salesperson is to solicit orders and get ratification and acceptance from his or her employer.
Answer:
$6,100
Explanation:
Calculation to determine what The amount of bad debt expense recorded on December 31 will be:
Using this formula
Bad debt expense=(Estimated % of accounts receivable*Accounts Receivable ending +balance)+Unadjusted balance of Allowance for Uncollectible Accounts
Let plug in the formula
Bad debt expense=(7%*$80,000)+$500
Bad debt expense=$5,600+$500
Bad debt expense=$6,100
Therefore The amount of bad debt expense recorded on December 31 will be:$6,100
