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3 years ago

Identify the following costs as fixed or variable:

Business

1 answer:

kumpel [21]3 years ago

7 0

Answer:

In simple words, fixed cost refers to the cost that remain stable every time whereas the variable cost are the costs that changes with every change in the level of operations. Thus, the given expenditures can be categorized as follows :

1. Variable cost

2. Fixed costs

3. Variable costs

4. Fixed cost

5. Fixed cost

6. Variable cost

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Which of the following are the characteristics of a competitive market? (Check all that apply.)

kakasveta [241]

A competitive market refers to a market where there is no monopoly of producers of goods and services, therefore, competition is high because they all have mission to satisfy the wants of a large consumers.

The characteristics of a competitive market are:

Homogeneity of product: The product are made by different producers and encourages competition.

There are existence of many buyers and sellers in the market.

There is an access to derive perfect information on price of a product at any outlet in the market.

There are no charges for transaction costs in a competitive market

No barriers to entry into or exit.

In conclusion, there is no producers which can affect the market price through its supplying rate because there are excess supply of similar product in the market.

Learn more about competitive market here

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5 0

2 years ago

Hazel decided to offer her employees a bonus of $100 for ideas on how to improve the business, and they provided several good id

Aleks04 [339]

Answer:

Firstly by sending him a check for $100, Hazel informs him that she adopting the idea and because it his idea he can use the loopholes of the competitor's advantage.

Hazel might be sued for using the idea for her business as the idea is now an idea of a competitor.

Explanation:

3 0

3 years ago

All of these factors affect supply EXCEPT:

Elanso [62]

Answer:

it is b

Explanation:

because a net worth of a company will mot affect

5 0

2 years ago

Following are the average accounts receivable and net sales reported recently by two large bever age companies (dollar amounts a

Vlada [557]

Answer:

A) Accounts receivable turnover ratio = Net credit sales / Average accounts receivable

The following table shows the accounts receivable turnover ratio of MCB and ABI:

Particulars MCB ABI

Net sales $8320 $17400

Average Accounts Receivable $720 $900

Accounts Receivable Turnover rate 11.5 19.3

Day's sale outstanding = Accounts receivable / Total credit sales × 365

The following table shows the days sale outstanding of MCB and ABI:

Particulars MCB ABI

Net sales $8,320 $17,400

Average Accounts Receivable $720 $900

Day's sale outstanding 31.58 18.88

Explanation:

3 0

3 years ago

Because of an accident Royce was involved in, his insurance company has increased his annual premium for auto insurance by 5.2%.

lapo4ka [179]

Answer:

D) $571.24

Explanation:

Royce' premiums for the previous year were:

bodily injury $22.50
property damage $144.75
collision $275.75
comprehensive $100

The total premium of the policy was $543

Since the premiums will increase by 5.2%, the new total premium will be = $543 x 1.052 = $571.24

4 0

3 years ago

Read 2 more answers