Answer; True
Explanation;
When a company has excess capacity, it means that potentially it could produce more than it is producing at the moment. As this potential already takes into account the fixed costs, this means that given the fixed costs it currently has, more goods could be produced on those same fixed costs and they wouldn't increase.
Increasing production level would therefore only increase variable costs which rise whenever production rises as they are directly related to the production of goods.
The correct answer is D. Socializing can actually increase productivity.
Although socializing outside of work can be productive for the work
itself later on, socializing in the workplace can deter you from working
and can ultimately be bad for the company. If you're always running
around form office to office having fun and not working you're not doing
your company a favor.
Answer:
December 31, 2020
- Dr Bad Debt expense 18,690
- Cr Allowance For Doubtful Accounts account 18,690
Explanation:
First we need to determine the total amount of uncollectible accounts receivable = $385,600 x 6% = $23,100
Then we must subtract the amount already recorded in allowance for doubtful accounts from our total uncollectible accounts = $23,100 - $4,410 = $18,690
We have to debit the difference and credit the contra asset account:
Dr Bad Debt expense 18,690
Cr Allowance For Doubtful Accounts account 18,690
Answer:
Because the elasticities of supply and demand measure how much market participants respond to market conditions, larger elasticities imply larger DW losses.
Explanation:
As a tax grows larger, it distorts incentives more, and its DW loss grows larger. Because a tax reduces the size of the market, however, tax revenue does not continually increase. It first rises with the size of a tax, but if the tax gets large enough, tax revenue starts to fall.
