Answer: Ordinal scale.
Explanation:Ordinal scale is the level of measurement that gives the ranking of data without showing the degree of variation between them. It helps in identifying if object has more or less characteristic when compared to another object but does not tell the exact weight of the characteristic. Data in Ordinal scale is usually given in order of magnitude since there is no standard of measurement of differences. For example 1=most willing to 5=least willing.
Answer:
Variable costs are costs that vary with production. If production rises, the variable cost rises.
Fixed cost are costs that do not vary with production.
The time frame and contracts allows for distinction between fixed and variable cost in the short run.
in the short run, some costs of production cannot be changed for various reasons. Some of the reasons include, supply contract and Labour laws. Due to labour contracts, it might be difficult if not impossible to change wages paid to workers or fire workers. This makes wages fixed in the short run.
Some costs can be varied easily, for example if sales are low, shipping cost would reduce because the amount of orders are smaller.
, nd
Fixed costs include:
advertising expenditures
interest on company-issued bonds
payments for raw materials
Real estate tax
Executive salary
insurance premiums
wage payments
depreciation and obsolescence charges
rental payments on leased office machinery
Variable costs include :
fuel
shipping charges
sales taxes
All costs are variable in the long run because in the long run production decisions which appeared fixed can be changed. For example, Labour contract can end and the firm can decide to adjust or retain the contract in line with the current economic situation. The firm can decide to move to a cheaper location and reduce rental cost.
Explanation:
Answer: .(a) Arises from peripheral or incidental transactions - corresponds to the definition of gains and losses.
(b) Obligation to transfer resources arising from a past transaction. - Corresponds to Liabilities.
(c) Increases ownership interest. - Investment by owner, Comprehensive Income.
(d) Declares and pays cash dividends to owners. - It is the Distributions to Owners.
(e) Increases in net assets in a period from nonowner sources. - Corresponds to Comprehensive Income.
(f) Items characterized by service potential or future economic benefit. - Is the definition of Assets.
(g) Equals increase in assets less liabilities during the year, after adding distributions to owners and subtracting investments by owners. - Comprehensive Income.
(h) Arises from income statement activities that constitute the entitys ongoing major or central operations. - Corresponds to the definition of Revenues and Expenses.
(i) Residual interest in the assets of the enterprise after deducting its liabilities. - Equity.
Answer:
Sinking fund
Explanation:
Sinking fund is a term used to describe an account that a bind trustee managed for the sole purpose of redeeming bonds early.
sinking fund: This can be seen as a type of fund that is created for the sole aim of repaying debt. It is created for the purpose of making debt easier to pay off.
The sinking fund account owner set aside a particular amount of money for a specific purpose.
Sinking funds is used to entice investors because in the case of default or bankruptcy, sinking fund will still allow investors to get their investment back. it is also a means used by corporations for bonds and deposits money to buy back issued bonds or parts of bonds before the maturity date arrives.
Option C
Production runs can be scheduled in one or two shifts
<u>Explanation:</u>
A production run is several factors that are offered continuously by a production line. It is normal for a factory to create one kind of thing coveted levels of inventory are obtained. An assortment of related goods that are designed by employing a particular group of construction methods, means or circumstances.
Up to twice the production line's First Shift Capacity can be cataloged for all products. The production runs that pass the First Shift Capacity occur in unless Overtime and/or a Second Shift, depending on the Operator Complement.
