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olga2289 [7]
3 years ago
7

Identify whether each statement describes the market period, the short run, or the long run.A.Output and the number of firms are

fixed. B.Plant capacity is flexible. Firms can enter and exit an industry. C.Plant capacity and the number of firms are fixed. Firms can employ more labor if needed.a.short run b.long run c.market period
Business
1 answer:
AfilCa [17]3 years ago
4 0

Answer: A. Market Period.

B. Long Run

C. Short Run

Explanation:

A.Output and the number of firms are fixed

The MARKET PERIOD is a very short period that refers to a situation where all resources are FIXED. This means that Output itself is fixed and therefore cannot adjust to demand.

B.Plant capacity is flexible. Firms can enter and exit an industry.

This is the LONG RUN. A time where all resources are Variable. This means that factors such as Plant Capacity which is FIXED in the Short Run will simply be Variable and hence flexible in the long run. Other Firms are also free to enter or leave the Industry during this time.

C.Plant capacity and the number of firms are fixed. Firms can employ more labor if needed

This refers to the SHORT RUN which is a situation where AT LEAST one resource is FIXED and others are VARIABLE. As long as there is a Fixed Resource with some Variable Resources, it is the Short Run. Plant Capacity and Number of Firms are fixed but Labor is Variable. This makes this scenario a Short Run Scenario.

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pochemuha

Answer:

the numbers are missing, so I looked for a similar question:

a. On ​1, Tree Service prepaid $7,200 for six​ months' rent. Give the adjusting entry to record rent expense at Include the date of the entry and an explanation. Then post all amounts to the two accounts​ involved, and show their balances at adjusts the accounts only at ​31, the end of its fiscal year.

Dr Rent expense 1,200 (= $7,200 / 6)

    Cr Prepaid rent 1,200

Balances:

Prepaid rent 6,000

Rent expense 1,200

b. On ​1, Tree Service paid $1,050 for supplies. At ​31, has $400 of supplies on hand. Make the required journal entry at 31. Then post all amounts to the accounts and show their balances at 31. Assume no beginning balance in supplies.

Dr Supplies expense 650 (= $1,050 - $400)

    Cr Supplies 650

Balances:

Supplies 400

Supplies expense 650

c. On ​1, Tree Service prepaid for six​ months' rent. Give the adjusting entry to record rent expense at Include the date of the entry and an explanation. Then post all amounts to the two accounts​ involved, and show their balances at adjusts the accounts only at ​31, the end of its fiscal year. Prepare the adjusting journal entry to record the rent expense at 31.

SAME AS QUESTION A

6 0
3 years ago
In the short-run, fixed costs __________ with quantity produced. variable costs _________ with quantity produced.
Anvisha [2.4K]

In the short-run, fixed costs<u> all</u> with the quantity produced. Variable costs<u> at least some</u> with the quantity produced.

A Variable cost is a corporate price that changes in share to how plenty an employer produces or sells. Variable charges grow or decrease depending on an enterprise's manufacturing or income extent—they rise as manufacturing will increase and fall as production decreases.

Variable costs are charges that trade as the volume changes. Examples of variable costs are raw substances, piece-price labor, manufacturing resources, commissions, transport charges, packaging resources, and credit card expenses. In some accounting statements, the Variable costs of manufacturing are called the “fee of goods offered.”

Variable costs are prices that trade as the quantity of the good or carrier that a commercial enterprise produces modifications. Variable charges are the sum of marginal fees over all devices produced. They also can be taken into consideration in everyday expenses. Fixed charges and variable expenses make up the 2 components of general value.

Learn  more about Variable costs here brainly.com/question/5965421

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3 0
1 year ago
Companies need consistency in their HR practices to avoid charges of discrimination. Senior management usually approves broad gu
Romashka [77]

Senior management usually approves broad guidelines for HR activities, like hiring and firing, performance appraisals, promotions, and discipline. These are called standing plans.

<h3>Standing plans </h3>

A standing plan is a business plan that is intended to be used many times. It is designed to guide managerial decisions and actions that tend to be recurring. It is used over a long period, sometimes indefinitely, and is altered as circumstances change.

Examples of standing plans include policies for hiring, employee interaction, procedures for reporting internal issues, or complaints to the HR department, etc. and regulations in terms of what is permitted and what is prohibited in the workplace.

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8 0
1 year ago
Bruce &amp; Co. expects its EBIT to be $185,000 every year forever. The firm can borrow at 9 percent. Bruce currently has no deb
ivolga24 [154]

Answer:

$751,562.50 and $837,203.125

Explanation:

The formula to compute the value of the firm under the MM proposition approach is shown below:

In first case

= {EBIT × ( 1 - tax rate)} ÷ WACC

= {$185,000 × ( 1 - 0.35)} ÷ 16%

= $120,250 ÷ 16%

= $751,562.50

Since no debt is there which means the firm is unlevered firm and computation is done accordingly.

All other information which is given is not relevant. Hence, ignored it

In second case

= {EBT× ( 1 - tax rate)} ÷ WACC

= {$172,850 × ( 1 - 0.35)} ÷ 16%

= $112,352.50 ÷ 16%

= $702,203.125

EBT = $185,000 - $135,000 × 9%

       = $185,000 - $12,150

       = $172,850

So, the value of firm would be

= $702,203.125 + $135,000

= $837,203.125

5 0
2 years ago
Jason purchases a patent at a cost of $24,000. The patent has 8 years of legal life remaining from the date of purchase. a. The
mina [271]

Answer: a. The patent is an intangible so it is amortized for cost recovery

Explanation:

Just as Depreciation exists for the wearing and tearing of tangible Assets, so does AMORTIZATION exist for Intangible Assets like goodwill, patents, licenses, copyrights and logos.

It follows essentially the same process as Depreciation and the useful life estimation is usually discretionary because some Intangible Assets can give benefits forever such as logos.

Generally though, only Intangible Assets with estimable useful lives are amortized such as Patents and Trademarks.

6 0
3 years ago
Read 2 more answers
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