Answer:
A. Mar 31
Dr Raw materials $50,400
Cr Account pay $50,400
B. 31
Dr Factory labour $61,300
Cr Factory wages $61,300
Explanation:
Preparation of the Journal entries for Sunland Company
A. Since we were told that the company purchases the amount of $50,400 of raw materials on account this means that the transaction will be recorded as:
Mar 31
Dr Raw materials $50,400
Cr Account pay $50,400
B. Based on the information given we were told that the company incurs the amount of $61,300 of factory labor costs this means that the transaction will be recorded as:
31
Dr Factory labour $61,300
Cr Factory wages $61,300
Answer:
<em>zero economic profits; lesser or smaller</em>
Explanation:
<em> Long-run is basically comes in form when the cost which is been spent by the industry remains equal to the money which has been earned by the industry.</em>
<em>If every firm in the industry will be adopt costly antipollution devices, then the firm will be earn </em><u>zero economic profits</u><em> and the industries will able to produce in </em><u>lesser or smaller</u> <em>quantity of outcome. </em>
Answer:
Total present value= $4,369.14
Explanation:
Giving the following information:
Year Cash Flow
1 $1,130
2 $1,000
3 $1,510
4 $1,870
Discount rate= 9%
<u>To calculate the present value, we need to use the following formula on each cash flow:</u>
PV= Cf/(1+i)^n
PV1= 1,130/1.09= 1,036.70
PV2= 1,000/1.09^2= 841.68
PV3= 1,510/1.09^3= 1,166
PV4= 1,870/1.09^4= 1,324.76
Total present value= $4,369.14
Answer:
the minimum point on the AVC curve
Explanation:
The average variable cost denoted as AVC represent all the variable costs as electricty, water, gas, etc. divided by the output produced.
Where VC is the variable cost and Q represent the output produced.
In the short-run, a firm can "increase profits if the marginal revenue obtained from selling a product if exceeds the marginal cost of making that product".
And the lowest point on a competitive firm short run needs to correspond to the minimum point on the AVC curve since we assume that we are in a competitive firm's scenario, all the prices and variable costs needs to be as lowest possible in order to be competitive.
Quality of customer service can either make or break a client's experience, impacting whether they decide to come back another time, quite possibly taking their business elsewhere.
Unpopular opinion: Chick-Fil-A's food is overpriced and quite honestly doesn't taste much better than anywhere else. Some restaurants have superior food. Chick-FIl-A has the slowest drive thru time from order-receipt of the food in the United States. But people keep coming back. Why? It's the smiles, the warm atmosphere, the "my pleasure"'s, and human decency that you cannot reliably get at any other fast food establishment. Investing in good customer service has shot Chick-Fil-A so far in the sky.