Answer:
4 houses per month.
Explanation:
Note: See the attached file for the calculation.
Efficient scale of production is can be described as the number of units of production where average total cost (ATC) of production is lowest.
From the attached file, the ATC of $70 is the lowest at 4 houses per month and 4 houses per month is therefore the efficient scale.
Answer:
The answer is D. Deflating nominal income for inflation.
Explanation:
Real income is how much money an individual or entity makes after accounting for inflation. it is the income of an individual or a nation after adjusting inflation. It is calculated by dividing nominal income by the price level.
Hence we can say real income is determined by Deflating nominal income for inflation
Answer:
Monitoring internal controls
Explanation:
Monitoring internal controls -
It refers to the activity to take charge of the internal control over time , is referred to as the method of Monitoring internal controls .
The method uses evaluating the management and the third party to scan the issue and communicate to resolve the issue .
Hence , from the given scenario of the question ,
The correct term is Monitoring internal controls .
Answer:
$8,760
Explanation:
The movement in the warranty payable account balance over a period is as a result of the additional warranty expenses payable due to sales and the amount paid as warranty expense during the period.
Given that State Street Digital estimates warranty expense at 4 % of sales, the Warranty Expense for the year
= 4% * $219,000
= $8,760
