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Akimi4 [234]
3 years ago
14

Rina's Performance Pizza is a small restaurant in Dallas that sells gluten-free pizzas. Rina's very tiny kitchen has barely enou

gh room for the three ovens in which her workers bake the pizzas. Rina signed a lease obligating her to pay the rent for the three ovens for the next year. Because of this, and because Rina's kitchen cannot fit more than three ovens, Rina cannot change the number of ovens she uses in her production of pizzas in the short run.
However, Rina's decision regarding how many workers to use can vary from week to week because her workers tend to be students. Each Monday, Rina lets them know how many workers she needs for each day of the week. In the short run, these workers are.............. inputs, and the ovens are ....................inputs.
Business
1 answer:
ki77a [65]3 years ago
7 0

Answer: variable input; fixed input

Explanation:

Based on the information given, in the short run, these workers are variable inputs, and the ovens are the fixed inputs.

Fixed inputs are the inputs that can't be easily changed that's increased or reduced in the short run while variable inputs can be increased or reduced easily.

Since Rina cannot change the number of ovens she uses in her production of pizzas in the short run, they're fixed input. The workers are variable input.

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Byron is a partner in the Dowdy Group. At the close of the current year, Byron's basis in the partnership is $34,000. At that ti
Kitty [74]

Answer:

$17,000

Explanation:

The partnership takes on/out  the basis of contributed/ distributed property; cash is always consider basis as its face value.

The fair market value of property distributed is used to consider contributor’s gain/ loss only.

The basis in the partnership after distribution = current basis in partnership – cash distributed – basis of any other distribution

Thus Bryon’s basis in the partnership after the distribution = $34,000 - $8,000 = $17,000

6 0
3 years ago
Because of the sarbanes-oxley act, accountants must maintain financial documents and audit work for
BabaBlast [244]
Because of the Sarbanes-Oxley act, accountants must maintain financial documents and audit work for five years.
This act was enacted in 2002 in the US. It has to do with the accuracy of financial information, and was named after the sponsors of the act, US <span>Senator </span>Paul Sarbanes<span> </span><span>and U.S. Representative </span>Michael G. Oxley.

6 0
3 years ago
The _________________ is an accounting method that (a) estimates bad debts expense from credit sales during the period sales are
oksian1 [2.3K]

Answer:

A) Allowance method of accounting bad debts

Explanation:

Based on the allowance method, the bad debts should be calculated on either credit sales i.e. income statement method or receivable aging method i.e. balance sheet method. Also, the account receivable should be recognized at net realizable value

Therefore the allowance method of accounting bad debts is an answer

5 0
3 years ago
Connor ​Company's budgeted prices for direct​ materials, direct manufacturing​ labor, and direct marketing​ (distribution) labor
GalinKa [24]

Answer:

The answer is attached.

Explanation:

All the calculations were made based on the data provided by the exercise. It was a little difficul to rebuild the table, but with a little bit of research was possible. If any question, please no doubt to contact me.

Download xlsx
6 0
3 years ago
Chandler Sporting Goods produces baseball and football equipment and lines of clothing. This year the company had cash and marke
liraira [26]

Answer:

3. $2,123,612

Explanation:

As we know that

Net working capital = Current assets - current liabilities

where,

Current assets = Cash and marketable securities + inventory + accounts receivables + other current assets

= $335,485 + $1,651,599 + $1,488,121 + $121,427

= $3,596,632

Current liabilities = Accounts payable +  short-term notes payable

                            = $1,159,357 + $313,663

                            = $1,473,020

So, the net working capital is $2,123,612

4 0
3 years ago
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