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3 years ago

Identify which statement is a characteristic of long-run for a firm.

Business

2 answers:

Pani-rosa [81]3 years ago

7 0

Answer:

D. Time period when constraints are most likely to be variable

Explanation:

The long run is a period of time in which all factors of production and costs are variable. In the long run, firms are able to adjust all costs, whereas in the short run firms are only able to influence prices through adjustments made to production levels.

MariettaO [177]3 years ago

5 0

Answer:

D. Time period when constraints are most likely to be variable

Explanation:

The long run period of a firm is when the factors of production such as land, labor , capital etc varies. In this period, a firm is flexible in its production decision due to the variability in the factors of production.

In the long run, a firm has time to build a bigger factory hence respond to changes in demand. Also, the price level(general), expectation, and contractual wages , all adjust to the prevailing economic condition in the long run period.

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Based on an annual disposable income of $40,000, calculate the average amount o money a person would save in japan; in the unite

Gekata [30.6K]

Answer:

Japan $760

The United States $1,600

France $6,320

Explanation:

Total personal revenue is the disposable income less personal taxes. Employee earnings minus employee actual taxes in terms of national reports reflect net established income.

The household saving rate is specified as total saving divided by disposable income.

Household saving = Disposable income * Households saving rate

Japan:

$40,000*1.9% = $760

United States :

$40,000*4% = $1,600

France :

$40,000*15.8% = $6,320

7 0

4 years ago

The expectancy theory proposes that ________. extrinsic rewards will reduce intrinsic interest in a task employees can view work

Citrus2011 [14]

Answer: The strength of a tendency to act in a certain way depends on the strength of our expectation of a given outcome and its attractiveness

Explanation:

The Expectancy Theory defines the efforts of individuals at work. It suggests that people only work as hard as they think is needed for them to get a certain reward or benefit. This is why when there is just a basic salary, employees are not very hard-working but if a car is thrown in as a bonus for the employee of the year, they really put in work.

It therefore shows that the strength to act in a certain way is based on how an individual believes they will be compensated and if that compensation is worth it.

3 0

3 years ago

1.)It takes one of your employees about four and a half hours to design new displays for the front windows and about four hours

Kitty [74]

Answer:

$1,235.48

Explanation:

4.5 + 4 = 8.5hrs

8.5hrs x $8.55 = $72.675 per display changes

52 weeks / 3 = 17.33 times of changes for the whole year (17 rounded)

$72.675 x 17= $1,235.48

4 0

3 years ago

Recording Transactions Using Journal Entries and T-Accounts Receive $40,000 cash in exchange for common stock. Purchase $4,000 o

Paladinen [302]

Answer:

a. See the explanation below for the journal entries.

b. each of the following accounts have an ending balance (in red color) after the recording as follows:

Cash, $27,000;

Common stock, $40,000;

Accounts payable, $4,000;

Accounts receivable, $3,000;

Equipment, $10,000.

However, each of the other accounts will have a zero ending balance.

Explanation:

a. Recording Transactions Using Journal Entries

The journal entries will look as follows:

Accounts Name Dr ($) Cr ($)

Cash 40,000

Common stock 40,000

(To record cash receipts for common stock.)

Inventory 4,000

Accounts payable 4,000

(To record inventory purchase.)

Account receivable 6,000

Sales 6,000

(To record credit sales.)

Cost of sales 4,000

Inventory 4,000

(To record cost of sales.)

Cash 3,000

Account receivable 3,000

(To cash collected from credit sales.)

Equipment 10,000

Note payable 10,000

(To record purchase of equipment by issuing note.)

Wages 2,000

Cash 2,000

(To record wages paid in cash.)

Note payable 10,000

Cash 10,000

(To record note due paid.)

Dividend 4,000

Cash 4,000

(To record cash dividend paid.)

b. Recording Transactions Using T-Accounts

Note: See the attached excel file for the T-Accounts.

From the attached excel file, each of the following accounts have an ending balance (in red color) after the recording as follows:

Cash, $27,000;

Common stock, $40,000;

Accounts payable, $4,000;

Accounts receivable, $3,000;

Equipment, $10,000.

However, each of the other accounts will have a no or zero ending balance.

Download xlsx

8 0

3 years ago

What is a business idea?

mart [117]

A business idea is an idea that one or more people come up with to start a business. The idea will state what the business is, how they think it should be run and what their customer base will be. After a business idea is planned the developer typically develops a marketing plan and from there they try and receive funding or get approval for their business idea.

3 0

4 years ago

Read 2 more answers