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3 years ago

When a firm experiences continually declining average total costs, the firm is a?

1 answer:

5 0

When the firm is to experience a declining average in total cost and are continually occurring, this is referred to be the natural monopoly. The natural monopoly usually happens when there is need of startup cost in a business and it will exist because of the result provided by it.

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Torres Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that T

Karo-lina-s [1.5K]

Answer:

Torres Company received $4,800 on May 12.

Explanation:

When The Sale was made, the following entries apply :

Trade Receivable $5,000 (debit)

Sales Revenue $5,000 (credit)

Cost of Sales $3,000 (debit)

Merchandise $3,000 (credit)

Freight Expenses $110 (debit)

Cash $110 (credit)

When Campbell Company returned Merchandise :

Sales Revenue $200 (debit)

Trade Receivable $200 (credit)

When Campbell Company pays for the goods

The payment is made 2 days out of the discount period, therefore not eligible for discount.

Settle amount in full less Return Allowance of $200

Trade Receivable $4,800 (debit)

Cash $4,800 (credit)

Conclusion :

Torres Company received $4,800 on May 12.

6 0

4 years ago

The cash account for Stone Systems at July 31, 20Y5, indicated a balance of $17,750. The bank statement indicated a balance of $

omeli [17]

Answer:

The bank reconciliation statement is as shown below:

Amount in $

Balance per bank statement 33,650.00

Deposit in transit 9,150.00

Outstanding check (17,865.00)

Bank charges 80.00

Note collected (6,095.00)

Returned check (540.00)

Check drawn (630.00)

Book balance  17,750.00

Explanation:

Deposit in transit has been recorded in the books, thus the addition to the bank balance. Bank charges have been deducted from the bank balance but not in the cash book hence it is added back. Note collected is yet to be recognized in the books hence the deduction from the bank balance.

Amount recorded from the check returned is more than the actual by $540 hence the deduction. The check drawn has been over charged by the bank to the tune of $630 hence the deduction.

5 0

4 years ago

Kathyâ€‹ Champe, a public relations specialist for a regional chain ofâ€‹ pharmacies, regularly contacts members of the local an

WITCHER [35]

Answer:

press relations

Explanation:

According to my research on public relations functions, I can say that based on the information provided within the question this is an example of the press relations function. This function refers to forming and maintaining a good relationship between a business/company/organization and the press/media by communicating regularly and providing information, help and access where needed, such community events and fundraisers.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0

3 years ago

Hitzu Co. sold a copier costing $6,500 with a two-year parts warranty to a customer on August 16, 2017, for $13,000 cash. Hitzu

Morgarella [4.7K]

Answer:

1) 390 warranty expense

2) 390 warranty liability

3) zero as the amount is deducted from the liability

Explanation:

the warranty expense was determinated using an allowance of 3% of the sale:

$ 13,000 x 3% = $ 390

the warranty liability will be created for the same amount

On 2018 it will decrease the liability against inventory It will not recognize a warranty expense.

4 0

3 years ago

Ikea asked for the help of its customers in designing new furniture. this is an example of?

jasenka [17]

Ikea asked for the help of its customers in designing new furniture. this is an example of crowdsourcing.
Crowdsourcing involves obtaining work or information or opinions from a large group of people who could submit their data through internet, social media, and smartphone apps.

People who are involved in crowdsourcing sometimes work as paid freelancers however others may perform small tasks voluntarily.

For example, traffic apps like waze encourages different drivers to report the accidents and other roadway incidents to provide real-time and updated information to app users.

To know more about crowdsourcing here:

brainly.com/question/9452858

#SPJ4

3 0

2 years ago