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Komok [63]
3 years ago
11

Why can the big candy makers produce candy that is less expensive per price?

Business
1 answer:
cricket20 [7]3 years ago
8 0
Bc a lot of people buy their products, so they have enough money to make a profit even if they sell it at a lower cost.
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On December 16, Carboy, Incorporated, borrows $120,000 cash from Third National Bank at 9 percent annual interest. The note is d
iren [92.7K]

Since there is an interest due of 450, interest payable becomes debit as the payment is done. The same as for notes payable. Carboy records an adjusting entry at December 31, 2019.

<h3>Journal Entry </h3>

Interest Expense (Debit) 450 (Note - 1)

    Interest Payable  (Credit) 450

Note - 1: Borrowing - $120,000; Interest Rate = 9%; Maturity date = 45 days.

(Assuming 360 days = 1 year).

Therefore, interest expense = ($120,000*0.09)*(15/360) = $450.

Since the maturity date is 45 days, from December 16 to December 31, it should be 15 days. And the maturity date should be January 30, 2020.

The journal entry to record the interest plus principal paid -

Date          Particulars               Debit        Credit

Jan-30, 2020 Interest Expense             900

           Interest payable              450

           Notes Payable            120,000

                   Cash                           121,350

The interest expense for this month to be payable = $(120,000*0.09)/12 = $900.

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6 0
2 years ago
a company recorded an event that had no affect on total assets, net income, or cash flow. this could have been caused by ______.
NemiM [27]

This action could have been caused by writing off an uncollectible account.

A write-off can be described as the removal of an accounts receivable that cannot be collected which was put in the general ledger.

If an account is uncollectible, then it means that the amount that would not be collected would be eliminated. It also means that a previous allowance balance is going to get reduced.

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3 0
3 years ago
able below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price (dollars) Quantity Demanded
aniked [119]

Answer:

The profit maximizing output for a monopolist is the output level where marginal cost is equal to marignal revenue.

Explanation:

Price  Q Demanded Marginal Revenue Marginal Cost

$76     100                 $76                         $25

71        200                  66                           68

66       300                  56                           56

61        400                  46                           82

56       500                  36                           76

51        600                  26                           48

Arranging the information in the chart above, we can see that for a quantity demanded of 300 units, and a price of $66, marginal revenue and marginal cost are exactly the same, $56.

Thus, the profit-maximizing level of output is 300 units.

4 0
2 years ago
Suppose you read a news article reporting that your local government has denied a request by an entrepreneur to build a new coff
finlep [7]

Answer:

Yes, I would support the denial because rules and regulations apply to everyone, and that includes businesses. Zoning rules exist in real estate to make sure that some areas or neighborhoods are used for certain specific purposes, e.g. residential areas, industrial areas or commercial areas. If those rules regulations didn't exist, it would be a complete mess and anyone could just set a factory besides a condo or a school. Either everyone follows the rules or no one does.

Explanation:

3 0
2 years ago
In order to determine ____________, the firm's total costs must be divided by the quantity of its output. Group of answer choice
Deffense [45]

In order to determine average variable cost, the firm's variable costs are divided by the amount of output.

<h3><u>What is average variable expense formula?</u></h3>

The variable cost per unit in economics is the average irregular cost. By dividing the overall variable cost by the output, one may get the average variable cost. In the near term, the businesses utilize the average changing cost to choose when to end their presentation.

<h3><u>How do you calculate variable cost examples?</u></h3>

More specifically, the two primary categories of variable costs—total labor costs and total material costs—combine to form unstable costs. As an alternative, variable costs may be calculated by dividing the cost per unit by the overall quantity produced.

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