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Bad White [126]
2 years ago
5

A list of financial statement items for Blossom Company includes the following:

Business
1 answer:
cricket20 [7]2 years ago
5 0

Answer:

Total current assets            $83,580

Explanation:

The preparation of the current assets section of the balance sheet is shown below:

<u>Current Assets                  Amounts </u>

Cash                                   $22,360

Debt investments(short term) $17,360

Accounts receivables     $30,100

Supplies                             $8,170

Prepaid Insurance              $5,590

Total current assets            $83,580

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Answer:

The correct answer is: a new law that interferes with economic efficiency.

Explanation:

A production possibilities frontier shows all the points where production is efficient. The resources are being completely employed. The points above the frontier are unattainable. The points below the frontier are attainable but inefficient.

If there is a movement from the frontier to a point below it. This means inefficient allocation of resources. It can happen because of some law interfering in efficient allocation of resources.

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3 years ago
Which of the following costs would continue to be incurred even if a segment is eliminated? A. Direct fixed expenses B. Variable
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Answer:

The correct answer is C. Common fixed costs.

Explanation:

A fixed cost is an expense that the company must incur, even if the company operates at medium speed, or does not, which is why they are so important in the financial structure of any company.

This is the case, for example, of payments such as leasing, since this, if nothing is sold, must be paid. It also happens with almost all labor payments, public services, insurance, etc.

Perhaps the main component of fixed costs is labor, therefore, it is not surprising that companies struggle every day for greater labor flexibility that allows them to convert those fixed costs into variables.

7 0
2 years ago
Chiquita produces bananas for an average explicit cost of $0.25 per banana and sells 1 million bananas per week for a price of $
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Answer:

Chiquita makes an economic profit of $250,000.

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2 years ago
The 2016 annual report for Mega Mills disclosed that 1 billion shares of common stock have been authorized. At the end of 2015,
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Issued shares referred to the total amount of authorised shares that has been issued to the public for subscription.

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3 years ago
What is the most important type of decision that the financial manager makes?
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The most important decision a financial manager can make is the allocation of funds to various investments

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2 years ago
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