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3 years ago

In the short run:

Business

1 answer:

prisoha [69]3 years ago

8 0

Answer:

C)some inputs are fixed and some inputs are variable.

Explanation:

Usually, the fixed cost are usually fixed for a some levels of activity. However, as the level of activities increases, the fixed cost may also increase.

Variable cost on the other hand changes directly as the level of activities (say number of units produced) changes.

As such, in the short run, some inputs are fixed and some inputs are variable.

Option C is right.

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15. Snowland and Pledza are neighboring countries. Pledza imports more products than it exports. Over the last decade, Pledza im

antiseptic1488 [7]

Answer:

trade deficit

Explanation:

From the question, we are informed about Snowland and Pledza are neighboring countries. Pledza imports more products than it exports. Over the last decade, Pledza imports from Snowland have been rapidly increasing but not fast enough to offset the exports to Snowland. In this case we can say about Pledza has a trade deficit. trade deficit also known as "negative balance of trade" can be described as a method to measure international trade. It can be regarded as the amount by which cost spent on the imports in a country exceeds the cost of exports. We can calculate trade deficit by finding the difference in value of exports of country and its imports.

5 0

2 years ago

QS 19-10 Computing contribution margin LO P2 D’Souza Company sold 11,500 units of its product at a price of $77.00 per unit. Tot

vivado [14]

Answer: $317,400

Explanation: The first step is to calculate the sales value

Sales = Unit sold × Price per unit

11500 × $77.00 = $885,500

calculation Total variable cost

i. Variable production cost = Units × variable production cost per unit

11500 × $39.70 = $456,550

ii. Variable selling and administrative cost = unit × variable selling and administrative cost per unit

11500 × $9.70 = $111,550

Total variable cost = Variable production cost + variable selling and administrative cost

Total variable cost = $456,550 + $111,550

= $568,100

Calculation of contribution margin

Contribution margin = Sales - total variable cost

= $885,500- $568,100

= $317,400

7 0

2 years ago

The cash account for American Medical Co. at April 30 indicated a balance of $334,985. The bank statement indicated a balance of

Bas_tet [7]

Answer:

1. Cash balance according to bank statement $370,000

Cash balance according to company’s records $370,000

2. a. April 30

Dr Cash $42,000

Cr Notes Receivable $40,000

Cr Interest Income / Interest Revenue $2,000

b. April 30

Dr Accounts Payable - Targhee Supply Co $6,840

Dr Miscellaneous Expenses [Bank service charge] $145

Cr Cash $6,985

3. $370,000

Explanation:

1. Preparation of a bank reconciliation

AMERICAN MEDICAL COMPANY

Bank Reconciliation

April 30

Cash balance according to bank statement $388,600

Add: Deposit of April 30, Not recorded by bank $42,500

Add: Bank Error in Charging check as $420 instead of $240 [$420 - $240] $180

Deduct: Outstanding Checks $61,280

Adjusted balance $370,000

Cash balance according to company’s records $334,985

Add: Note and Interest Collected by bank $42,000

Deduct: Error in Recording Check [$7,600 - $760] $6,840

Deduct: Bank Service Charges $145

Adjusted balance $370,000

2. Preparation of Journal entries.

Journal entries

a. April 30

Dr Cash $42,000

Cr Notes Receivable $40,000

Cr Interest Income / Interest Revenue $2,000

b. April 30

Dr Accounts Payable - Targhee Supply Co [$7,600 - $760] $6,840

Dr Miscellaneous Expenses [Bank service charge] $145

Cr Cash $6,985

($6,840+$145)

3. Based on the information given If a balance sheet is prepared for American Medical Co. on April 30, the amount that should be reported as cash will be $370,000

8 0

2 years ago

Which of the following is the riskiest choice for your money? A. Savings account B. Government bonds C.CDs D REI

Vikki [24]

D., REI. hope that helped

7 0

2 years ago

Read 2 more answers

Melba purchases land from Adrian. Melba gives Adrian $225,000 in cash and agrees to pay Adrian an additional $400,000 one year l

Scorpion4ik [409]

Answer:

Melba's adjusted basis for the land at the Acquisition date is $625000
Melba's adjusted basis for the land one year later is $645000

Explanation:

The adjusted basis for a property/land is the net cost of the property after adjusting for factors that might attract tax as related to the land

The adjusted basis for the land at the acquisition date is the net cost of the land at the acquisition date which will be ( $225000 + $400000 ) because that was the net cost of the Land at the date of acquisition before an agreement was later reached by Melba requiring him to pay $400000 plus an interest of 5%

Hence the adjusted basis for the land one year later will be

= ( $225000 + $400000 ) + 5% of $400000

= ( $625000 ) + $20000

= $645000

6 0

3 years ago