Answer:
The correct option is;
Remain constant in total regardless of changes in activity
Explanation:
In the field of Economics, fixed costs are costs that remain the same or does not undergo change when the quantity of produced goods or rendered service increases or decreases. Fixed cost are not dependent on the fluctuations in the level of produced goods and/or service.
Fixed cost are cost that are charged based on the duration of use of the facility, such as the rent paid for the factory premises.
Therefore, we have; within the relevant range, fixed costs <u>remain constant in total regardless of changes in activity</u>
Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $5,200
To Sales revenue A/c $5,000
To Sales tax payable A/c $200
(Being the cash is collected in respect of sales and sales tax)
Since the cash is collected so we debited the cash accounts and the sale is made. Along with it, the sale tax is also collected so these two accounts are credited.
Answer:
1. The obligation to transfer the vacuum cleaner in lieu of the price.
2. To honour one year warranty for any product defect that is part of the purchase contract and an inherent obligation.
Explanation:
The contract for purchase of a vacuum cleaner has two performance obligations;
1. The obligation to transfer the vacuum cleaner in lieu of the price.
2. To honour one year warranty for any product defect that is part of the purchase contract and an inherent obligation.
it may be noted that the extended warranty is a separate performance obligation as it can be purchased at the same time of original purchase or later and separate consideration is payable for that and there is no direct co-relation of the extended warranty obligation with the initial purchase.
Abc airlines is adopting an <u>"assimilate"</u> option for managing diversity.
The idea of diversity includes acknowledgment and regard. It implies understanding that every individual is one of a kind, furthermore, perceiving our individual contrasts. These can be along the measurements of race, ethnicity, sex, sexual introduction, financial status, age, physical capacities, religious convictions, political convictions, or different philosophies. It is the investigation of these distinctions in a sheltered, positive, and supporting condition. It is tied in with seeing each other and moving past straightforward resistance to grasping and praising the rich measurements of assorted variety contained inside every person.
Joachim is a financial analyst at a local housewares manufacturer. he knows that saving for college for his 5-year-old twin boys is important but also challenging. he was excited to learn that his employer planned to implement a college tuition plan that lets parents and other family members defer taxes on their contributions to the plan. The type of plan being implemented is a 529 savings plan.
The manufacturing characteristic is on the whole accountable for enforcing and operating the production device to be able to produce the product. production might also consist of buying, distribution, and setting up as well as the physical manufacture of the thing.
Production is subject to the united states as it presents high-wage jobs, industrial innovation (the country's biggest supply), a key to change deficit discount, and disproportionately massive contribution to environmental sustainability.
There are four simple manufacturing procedures for producing favored. form of a product. these are casting, machining, becoming a member of (welding, mechanical fasteners, epoxy, and so forth.), and deformation strategies.
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