Answer:
Start-up cost; variable cost
Explanation:
Start-up cost is the cost incurred in developing a new product. It is a one time cost that is incurred only at the time of creating something new. Start-up cost includes borrowing cost, research and development cost and expenses incurred on technology.
Variable costs change with the change in units of output produced. Cost of chemicals depend on the amount of drugs produced. So, research and development cost is start-up cost and cost of chemical is variable cost.
Answer:
No. Account Titles & Explanation Debit Credit
1.
Cash $38,000
Barry Capital Account $38,000
2.
No Entry Requires as Employee are only Hired there id no financial transaction involved in hiring the employees only.
3.
Prepaid Rent $10,800
Cash $10,800
4.
Wages Expense $500
Cash $500
5.
Cash $2,900
Revenue $2,900
Explanation:
1. Cash paid is the capital contribution in the business so cash account will be debited and capital account will be credit as per their nature.
2. Hired an employee does not need any transaction as there is no financial involvement in just hiring an employee.
3. Prepaid expense is actually an asset for us as we paid expenses in advance which is not incurred yet. It will be recognized as expense with passage of time.
4. Payment to worker is an expenses against a credit to cash as wage is paid in cash.
5. Revenue earned should be recorded and also received so cash will be debited for the receipt from sales and revenue shold be debited due to its nature of account.
Answer:
Differentiation strategy
Explanation:
Differentiation strategy is an approach by a business to make its products and services unique and better in comparison to products from its competitors. The strategy aims at creating a perception in customer's minds that the company products are superior.
The company aims to attract more sales by distinguishing itself from the competition.
Answer: Option B
Explanation: Marginal revenue is the additional revenue from selling one more unit.
A. Marginal revenue equals zero means there is no additional revenue from selling one more unit, the demand could be positive.
B. Negative marginal revenue shows that the revenue earned from selling additional unit is less than the additional unit sold before.
C. Positive marginal revenue shows that the revenue earned from selling additional unit is more than the additional unit sold before.
D. Marginal revenue increases when price and quantity both increases.
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