Answer:
Falling long-run average cost curve.
Explanation:
A firm encountering economies of scale over some range of output will have a falling long-run average cost curve because the firm uses the lowest or most efficient cost per unit at each level of production. Economies of scale in business management refers to the process when there's an increased level of production (more units of goods or services can be produced), yet with fewer input or proportionate savings costs.
Also, The long-run average cost (LRAC) curve represents the firm's lowest cost per unit at each level of production, assuming the factors of production chosen are variable and thus, being the optimal factor of production mix.
Hence,The falling long-run average cost (LRAC) is in essence an advantageous or efficiencies in cost or production that results in increased level of output for a firm.
Answer:
The correct answer is letter "C": orientation.
Explanation:
Building orientation refers to the positioning of a building at the moment of its construction considering seasonal variations, the sun's path, and wind patterns. It is important at the moment of increasing the natural energy of the house since it can save important amounts of money in power service due to heating, lighting, and cooling.
In such a way, a correct building orientation contributes a house to feel more comfortable if it has more sunlight or cool breezes during summer.
Answer: Please see answer in explanatory column
Explanation:
1) Journal entry to establish the fund on January 1st.
Account Debit Credit
Petty Cash $250
Cash $250
2) journal entry to record re-imbursement on January 8.
Account Debit Credit
Postage expense $43
Merchandised inventory $14
Delivery Expense $16
miscellaneous expenses, $32
Cash $105
3) journal entries to record reimbursement of the fund and increment to $300 on January 8
Account Debit Credit
Petty Cash $150
Cash $150
Petty cash increasing to $300, therefore the increased amount
$300- $250= $150
Answer:
No Net Impact on Pumpkin's Accounting Equation from collection of cash.
Explanation:
Sales transaction has already been recorded and there is a Account receivable with $500 balance which is an asset account. On January 11 Cash has been received and the transaction was as follows:
Dr. Cash $500
Cr. Account receivable $500
Cash and Account receivable are both assets account therefore there will be no net impact on pumpkin's accounting equation one type of asset account balance is increasing the other type of asset account balance is decreasing when we post transaction.
Accounting Equation
Asset = Equity + Liability
Dr. Cash +500 0 0
Cr. Account Receivable <u>-500 0 0</u>
Total Impact <u> 0 0 0</u>
