The accrual basis of accounting:___

A monopolistically competitive firm is producing at an output level in the short run where average total cost is $4.75, price is

Scorpion4ik [409]

Answer: With a loss

Explanation:

The firm here has its Marginal cost higher than it's marginal revenue.

This means that for every additional unit sold, the company is incurring a loss of $0.50 which is the difference between the marginal cost and the marginal revenue.

The company is therefore operating at a loss because every additional unit is costing them instead of benefitting them. To counter this, they need to reduce production so that marginal cost will fall.

5 0

3 years ago

All of the transactions of Harding Trading Co. for the year have been journalized and posted. The following information has been

Solnce55 [7]

Answer:

supplies expense 500 debit

supplies 500 credit

--to record supplies --consumed--

insurance expense 100 debit

prepaid insurance 100 credit

--to record expired --insurance

depreciation expense 1000 debit

acc. Dep. equipment 1000 credit

-to record depreication over the year--

unearned revenue 3000 debit

service revenue 3000 credit

--to record accrued revenue from customers--

wages expense 4000 debit

wages payable 4000 credit

--to record earned wages from emplyees--

accounts receivables 500 debit

sales revneue 500 credit

--to record completion on services--

Explanation:

Supplies:

900 balance less 400 at hand = 500 use of supplies during the period.

(if there was purchaseds then we should also add them to the consumed / expensed amount)

Insurance 1,200 is the value of a year we need to know the first month of December which as expired:

1,200 a year / 12 months per year = 100 per month

wages:

5,000 full week

we recognize until Thursday thus 4 days:

5,000 / 5 days per week = 1,000 per day

1,000 per day x 4 days = 4,000 accrued wages and salaries

rest are selft-explanatory and there is no calculation needed

4 0

3 years ago

Candy crunchers wants to see if their new candy is enjoyed more by high school or middle school students. they decide to visit o

lukranit [14]

The answer would be: all students who attend one middle school and one high school in Miami, FL. As the company, Candy Crunchers, only took surveys from one high school and one middle school only, that would be the sample of the population.

7 0

3 years ago

Read 2 more answers

What is the main reason the government creates regulations? to keep control over what is bought and sold in the us to make sure

zubka84 [21]

to make sure business is conducted safely and fairly

The government creates regulations in order to make sure business is conducted safely and fairly. Without regulation the market would have to auto regolate itself, which is a thing that it does, but the cost of this autoregulations are often too much. The government can help create basic directories to ensure that the trade is safe done.

5 0

3 years ago

Read 2 more answers

Consider the following information carefully and do as per the instruction given under the table below.

strojnjashka [21]

The network diagram for the activities indicated above is given in the attached image.

<h3>What is a network diagram?</h3>

A network diagram is a graphical depiction of a project that consists of a number of connected arrows and boxes that illustrate the interdependence of the project's operations.

The activity description is represented by boxes or nodes, and the interaction between the activities is represented by arrows.

<h3>What is the use of a network diagram?</h3>

A network diagram enables a project manager to keep track of each component of a project and easily communicate its status to others.

It also provides:

visual depiction of progress for stakeholders; and
Creating project workflows.

Learn more about a network diagram:
brainly.com/question/26643103
#SPJ1

6 0

1 year ago

The accrual basis of accounting:____