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Radda [10]
3 years ago
6

It would be acceptable to have the selling price of a product just above the variable costs and expenses of making and selling i

t in:_________
A) monopoly situations
B) both the short run and long run
C) the long run
D) the short run
Business
2 answers:
Gnoma [55]3 years ago
8 0

Answer:

B.both the short run and long run.

Bas_tet [7]3 years ago
6 0
Answer is b I had it on my test and got it right
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Which component within a corporation elects the board of directors?
dmitriy555 [2]

Answer:

A. shareholders

Explanation:

i took the quiz sorry i did not do it sooner

3 0
2 years ago
Pick the correct statement related to pro forma statements from below. Multiple Choice Fixed assets must increase if sales are p
Alisiya [41]

Answer:

The correct statement related to the pro forma statements is:

The addition to retained earnings is equal to net income less cash dividends.

Explanation:

When the beginning retained earnings are increased by the addition to retained earnings, it means that the cash dividends have been subtracted from the net income.  This addition is the leftover net income after offsetting the dividends.  It increases the retained earnings by the end of the financial period.

3 0
2 years ago
The Canon Corporation sells ten copiers to the Title Company on October 15 for $40,000. Canon delivers the copiers to Title on O
elena-14-01-66 [18.8K]

Answer:

$0

Explanation:

In this method, the transaction reporting will be performed on an accrual basis which means whether or not the payment is paid but it is reported in the account books.

Once the expenditure is incurred or the revenues is earned the same is to be recorded in the books of accounts whether cash paid or not and in case of revenues whether cash received or not

In the given case, the Canon corporation sells on October 15 so it would be recorded on October itself .

Therefore, no revenue would be recognized on the month of November

3 0
2 years ago
The most recent comparative balance sheet of Giacomelli Corporation appears below: Which of the following classifications of cha
Delvig [45]

Answer:

The correct option is B: "The change in Accounts Receivable is a source; The change in Inventory is a use"

Explanation:

However, you will need to look at the asset section as well in order to determine the correct response to this question statement. Depending on how the accounts receivable and inventory changes, you will be able to ascertain which is a source and which is a use. For instance, if the balance in Accounts Receivable and the Inventory has increased, the change is a use. And vice versa.

8 0
3 years ago
Product B has revenue of $39,500, variable cost of goods sold of $25,500, variable selling expenses of $16,500, and fixed costs
Kay [80]

Answer:

We should discontinue Product B

Explanation:

We should check if Product B generates a contribution or not:

We subtract from the sales revenues the variable cost:

revenue                                   39,500

variable cost of goods sold   (25,500)

variable selling expenses   <u>   (16,500) </u>

Contribution                              (2,500)

<em>As the contribution is negative, we should discontinue </em>Product B as is less expensevely to stop production than continue.

3 0
3 years ago
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