Answer:
The answer is option A)
In order to continue operating, in the long-run a firm must A) Charge a price equal to its AVC
Explanation:
In order to continue operating, in the long-run a firm must charge a price equal to its Average Variable cost AVC.
This is because, a long run is a period of time in which all factors of production and costs are variable.
Over the long run, a firm will search for the production technology that allows it to produce the desired level of output at the lowest cost. If a company is not producing at its lowest cost possible, it may lose market share to competitors that are able to produce and sell at minimum cost.
The typical selection process has several well-structured steps. This process includes setting up interviews, performing background checks on selected candidates, and establishing probationary periods.
The process of selection involves finding and recruiting candidates to fill open positions in a business. The process of choosing employees involves matching their credentials and skills to the needs of the firm.
Selecting the best applicant for a job opening that is open in a business is referred to as selection. It entails the process of interviewing candidates and assessing their qualifications and skills for a particular position.
Learn more about selection process here
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Answer:
d. increases assets, increases stockholders' equity
Explanation:
The journal entry for earning revenue is shown below:
Cash A/c Dr. XXXXX
To Sales revenue A/c XXXXX
(Being revenue is earned)
Since the revenue is earned so we debited the cash account which increases the asset balance and credited the sales revenue account which increases the stockholders' equity balance.
Answer:
Fashion industry is very dynamic. The reason for low sales is due to change is customer preference for certain type of clothing.
Explanation:
As a brand manager, we need to understand markets trends and then analyse sales. The main reason for constant low sales is mainly due to change in fashion sense of customer. There can be some seasonal effect which cause decline in sales. Normally gents wear t.shirts and formal shirts because they are office going people. They will require formal suiting which will make them feel gentlemen and decent clothing. They will require consistent quality products and if there is any issue with the cloth stuff, they will move to another brand.
