Answer:
b
Explanation:
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Answer:
The answer is "debit"
Explanation:
The debit amount should equal the credit amount. This bookkeeping process is called Dual-Input. throughout the mathematical point of view, think of debit as a supplement to the account whereas a credit leaves a checking account so that the cash which is removed and registered on a bank account is a debit.
Answer:
The static budget variance of revenues is 36000 Unfavorable
Explanation:
Lincoln Corporation
Static Budget Variances
Actual Budgeted Static Budget
Units sold Units sold Variance
42,000 units 39,000 units
Sales Price $ 12 $ 12
Revenues 504000 468000 36000 Unfavorable
Variable costs $ 168,000 $ 158,000 10,000 Unfavorable
Fixed costs $ 46, 000 $ 48,000 2000 Favorable
The Static Budget Variance is calculated by subtracting the budgeted amounts from the actual amounts.
In a static budget the actual amounts are not changed for different activity levels. Instead the actual is compared with the budgeted so that exact variance is obtained for an organization.
Answer:
In a long-run equilibrium - only a perfectly competitive firm operates at its efficient scale - option A is the correct answer.
Explanation:
In the long-run equilibrium, only a perfectly competitive firm that operates at its efficient scale and a monopolistically competitive firm sets off with overabundant capacity.
Therefore, in a long-run equilibrium - only a perfectly competitive firm operates at its efficient scale - option A is the correct answer.
