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sladkih [1.3K]
3 years ago
11

It is important to organize your time when taking a college course, True False​

Business
1 answer:
JulijaS [17]3 years ago
6 0

Answer:

imma say true

Explanation:

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The first step in creating a budget is to identify your expenses. true or false.
sergij07 [2.7K]

The answer is True. Hope this helps


5 0
3 years ago
Read 2 more answers
5-7 Short Run versus Long Run A firm sells 1,000 units per week. It charges $70 per unit, the average variable costs are $25, an
irina1246 [14]

<u>a. The firm should carry out the activities. </u>

<u>b.The firm should carry out activities until it is covering the cost. </u>

<u>c. The firm should shut down business activities when the price of the product goes below $25 in short-run. </u>

<u>d. The firm should shut down business activities when the price of the product goes below $65 in long-run. </u>

Further Explanation:

a  

Steps taken by the firm in the long run:

The sales price of the product is $70. The total average cost of the product is $65. The firm can cover all its costs (variable and fixed) and generating a profit of $5. So it should continue to carry out its business operations in the short run.  

b.

Steps taken by the firm in the long run:

In the long run, all the costs of the firm are variable. In the current case, the fixed cost is around 60% of the total cost. So the firm should attempt to decrease this cost. If the firm can decrease the total cost, it should carry out the business activities. The firm can continue to carry out the operational activities until it is making the profit and covering all the product cost.

c.

The appropriate price for shutting down the business in the short-run:

The firm can shut down the business in the short-run when the price of the product is below $25.

In the short run, the firm can only control the variable cost. The firm can not control the fixed cost of the product. In the given case, the variable cost of the product is $25. Therefore, the firm should shut down the business when the price of the product goes below the variable cost ($25).

d.

The appropriate price for shutting down the business in the long-run:

The firm can shut down the business in the long-run when the price of the product is below $65.

In the long run, the firm can influence all the costs of the business. It can influence the variable cost and the fixed cost of the business. Therefore, it should cover the total cost of the product. Thus, the firm should shut down the business when the price of the product goes below the total cost ($65).

Learn more:

1. Learn more about the variable costing

brainly.com/question/9203162

2. Learn more about the overhead expenses

brainly.com/question/4612804

3. Learn more about the cost of the product

brainly.com/question/1757741

`

Answer details:

Grade: Senior School

Subject: Economics

Chapter: Decision making (Short-run & Long-run)

Keywords: Short Run, Long Run, sells, units, week, charges, average variable costs, average costs, long run, Why, price, consider, shutting down the long run.

6 0
3 years ago
Waterway Co. purchased land as a factory site for $536,000. The process of tearing down two old buildings on the site and constr
geniusboy [140]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
5 0
3 years ago
Which of the following defenses can an alleged infringer use to prove that the patent is invalid? Group of answer choices The in
Strike441 [17]
The invention has produced unexpected results
6 0
2 years ago
When examining whether a company has underrecorded accounts payable, all of the following ratios are helpful EXCEPT: a. Quick as
Valentin [98]

<u>Answer:</u> Option B

<u>Explanation:</u>

Under recording the liability in the balance sheet such as accounts payable may become a liability fraud case. It is significant that the balance sheet has to be analysed using the acid test ratio which is quick assets/current liabilities. If this ratio has increased suddenly then it is clear that the accounts payable is understated.

Unearned revenue/ accounts payable ratio is used to determine the current liability of the company. This ratio cannot be used to find the under recorded accounts payable.

3 0
3 years ago
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