Answer:
D. The ability of the firm to change its plant size.
Explanation:
The long run in economics is a period of time in which all inputs in the production process can be varied. It allows firms to have the ability to change its plant size that would be more or less fixed in the short run. The factors of production used in the long run are variable inputs. Variable inputs are inputs that can be change or altered in a production system. The firm in the long run has the abilities to respond to changes in the market and demand and can build bigger factory or larger plants.
Both must be familiar with the new and old products as well as updates and quick fixes. However those in corporate are in charge of developing new products and keeping the older ones updated.
Answer: A - Emphasizes the external financial statements
Explanation: The characteristic of management accounting information are what makes the accounting information relevant and they include:
1. Verifiability: Management Accounting information must be verifiable that is one must be able to confirm the information on the accounts using other source documents.
2. Objectivity: Management Accounting information must be useful in decision making and planning for the future of an organisation.
3. Relevance: Management Accounting information must be reliable for decision making. The owners and decision makers must be able to rely on the information presented in the management account
4. Understandability: Management Accounting information must be understood by any user of the information presented therein. Information therein must be simple and not complex.
5. Comparability: Management Accounting information must be easy to compare with others in the same industry and also from year to year to enhance a good decision making process.
Answer: $47,065.06
Explanation:
When interest is compounded continuously, the formula is:
Future value = Principal * <em>e</em>^(rate * time period)
= 2,000 * <em>e⁰.³² ˣ ¹⁰</em>
= $49,065.06
Amount of interest earned:
= $49,065.06 - 2,000
= $47,065.06
