Answer:
are achieved when a firm reduces its average cost of production as it produces more.
Explanation:
Economies of scale is reduction in the average cost as production increases due to the large size of the firm which makes it more efficient.
It is large firms that enjoy economies of scale.
Economies of scale can be achieved by buying supplies in large quantities. When firms buy in large quantities, they enjoy discounts which reduces their average cost. This is a form of internal economies of scale.
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Answer:
$1,890,000
Explanation:
Calculation to determine what income (loss) is reported in 2021
2021 Reported Income loss=[$2,700,000-($2,700,000 × 30%)]
2021 Reported Income loss=($2,700,000-$810,000)
2021 Reported Income loss=$1,890,000
Therefore the income (loss) that is reported in 2021 will be $1,890,000
These transaction will affect the adjustments at the end of the period by:
- Decrease Unearned Revenue
Since the gift cards was redeemed during the month which means that Unearned Revenue will have to be decreased by the costs of gift cards that was redeemed during the month.
Calculated as:
Unearned Revenue=$5,600-$3,200
Unearned Revenue=$2,400 decrease
Since the gift cards was redeemed during the month which means that will have increased Sales revenue by the costs of of gift cards that was redeemed during the month.
Calculated as:
Sales revenue=$5,600+$3,200
Sales revenue=$8,800 Increase
Inconclusion These transaction will affect the adjustments at the end of the period by:
- Decrease Unearned Revenue
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Answer:
yes
Explanation:
role of music is very important
