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3 years ago

A fixed cost is a cost which

Business

1 answer:

ale4655 [162]3 years ago

4 0

Answer:

The answer is c. remains constant in total with changes in the level of activity.

Explanation:

In a cost structure of a firm, for decision-making purpose, it is usually divided into fixed cost and variable cost.

Variable cost is the type of costs which will increase following an additional production of an extra unit of product/service, that is, level of activity has been risen up given the production is taken place. A good example of these cost are material cost, labeling cost.

Fixed cost, as it name may tell, is costs that are unchanged regardless of a firm's activities level. That is, regardless of how many product/service is produced, these costs remain the same. A good example of these cost are depreciation cost, rental cost.

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true or false: firms should obey all the laws, including but not limited to labor, consumer protection, and the environment.

lesya [120]

False. The actions of the company that are expected by society but are not specified by legislation are included in its ethical duties. The need that the company be environment friendly is one of the ethical responsibility criteria.

The company should be constantly mindful of its operations and how they impact the environment. It is the moral and ethical responsibility of every human and every business. A business that upholds the law is also a business that values social responsibility. The company is free to operate whatever it sees fit, but only within the confines of the rules set down by numerous laws, including labor, environment, and criminal laws.

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5 0

2 years ago

The interest accrued on $7,500 at 6% for 90 days is:

Oksi-84 [34.3K]

405,000
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3 0

4 years ago

Wendell Company provided the following pertaining to its recent year of operation:â€¢ Common stock with a $10,000 par value was

den301095 [7]

Answer:

Option (D) $27,000

Explanation:

Data provided in the question:

Cash dividends declared = $20,000

Dividends paid = $15,000

Net income = $70,000

Market value of the stock dividend = $23,000

Treasury stock = $9,000

Selling cost of the treasury stock = $7,000

Now,

Retained earnings increase during the recent year of operation will be

= Net income - Cash dividends declared - Market value of the stock dividend

= $70,000 - $20,000 - $23,000

= $27,000

Hence,

Option (D) $27,000

3 0

3 years ago

The proper order of the following steps in the accounting cycle is prepare unadjusted trial balance, journalize transactions, po

photoshop1234 [79]

Answer:

The Accounting Cycle is as follows:

1. Transactions are analyzed and recorded in the journal.

2. Transactions are posted to the ledger.

3. An unadjusted trial balance is prepared.

4. Adjustment data are asssembled and analyzed.

5. An optional end-of-period spreadsheet is prepared.

6. Adjusting entries are journalized and posted to the ledger.

7. An adjusted trial balance is prepared.

8. Financial statements are prepared.

9. Closing entries are journalized and posted to the ledger.

10. A post-closing trial balance is prepared.

8 0

3 years ago

Interest is eligible to be capitalized as part of an asset's cost, rather than being expensed immediately, when:

Lelu [443]

Answer:

The Asset is a Qualifying Asset.

Explanation:

Qualifying Assets take substantial period of time to get ready for its intended use and purpose and that will require capitalizing interest costs or borrowing cost to the asset.

4 0

3 years ago