For most businesses, annual straight line depreciation expense on the company's building is fixed cost.
A fixed cost is one that does not change no matter how many units of a good or service are produced or sold. Fixed costs are expenses a company must pay regardless of the specific economic operations it does. As a result, fixed expenses are often indirect because they have nothing to do with how a firm produces any goods or services. Both fixed expenses and variable costs, which together make up a company's total costs, are common. It's common practice to reduce fixed expenses by using shutdown points.
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The right answer for the question that is being asked and shown above is that: "C. chapter 15." If a business filing bankruptcy has assets in the United States and one or more foreign countries, that business should file under: <span>C. chapter 15</span>
Answer:
a. Inflation
Explanation:
In the context of economics, inflation refers to the increase in the price of goods and services
Moreover, we also know that
(1 + Nominal rate of return) = (1 + real rate of return) × (1 + inflation rate of return)
According to the given situation, it is mentioned that The general goods and services prices are expected to rise substantially over the next five years which represents the concept of inflation
Hence, the option a is correct
Answer: The Southern Corporation manufactures a single product and has the following cost structure:
Explanation:
Fixed costs per year: Production$98,770 Selling and administrative$86,920 Last year, 5,810 units were produced and 5,610 units were sold. There was no beginning inventory. The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be:
According to Marxist-socialist tenets, law is strictly subordinate to prevailing economic conditions, such fundamental propositions as private ownership, contracts.
Marxists contend that compared to a capitalist society, a socialist one is far better for the majority of people. "The socialization of production is bound to result in the conversion of the means of production into the property of society," wrote Vladimir Lenin before the Russian Revolution.
The core tenets of the Marxist worldview hold that social class is the most significant category of people and that the economic circumstances of a society form its foundation. Another tenet states that community ownership of the means of production will replace private property as the primary institution of capitalism.
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