Answer:
The correct answer is a. variable cost changes with production activity and fixed cost remains constant.
Explanation:
The fixed cost is constant and does not changes with the output level. It remains constant through out the production process. fixed costs are those expenses which are paid independent of activity. So it is not affected by quantity of production.
While on the other hand variable cost is the cost of raw materials and other inputs. So, it changes with the level of production.
What is the question? Lol
Answer:
The journal entry for the issuance of the common stock is shown below:
Explanation:
Cash A/c.............................................Dr $33,000
Common Stock A/c........................Cr $30
Paid in Capital A/c...........................Cr $32,970
Working Notes:
Cash = Number of shares × Issue Price
= 3,000 × $11
= $33,000
Common Stock = Number of Shares × Par Value
= 3,000 × $0.01
= $30
Paid in Capital = Cash - Common stock
= $33,000 - 30
= $32,970
Answer:
Advantages of using credit include the ability to make purchases when cash inflow is low and the convenience of not carrying cash or checks. Credit cards can eliminate the need for carrying large amounts of cash.
Explanation:
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