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MaRussiya [10]
2 years ago
8

Once expenses have been identified, they can be categorized as either fixed expenses or variable expenses.

Business
1 answer:
AlexFokin [52]2 years ago
5 0

Answer:

Once expenses have been identified, they can be categorized as either fixed expenses or variable expenses.

For example, your mortgage would be considered a __fixed__ expense, because _the total amount does not vary_. Conversely, grocery bills would be considered _variable_, because the actual amount is _varies_.

Explanation:

Fixed expenses are fixed in total within a relevant range.  The amount remains the same from one period to the next.  The element of the fixed expense that changes is the cost per unit and not the total amount.  On the other hand, variable expenses vary in total because of their quantities vary but their costs per unit remain fixed.

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The placing of direct materials into the production process is recorded by an entry debiting:_________.A. Materials Expense.
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Answer: C. Work in Process Inventory.

Explanation:

When Raw Materials are purchased they are simply put into the Materials Account.

When the company needs to start working on them however, they will transfer the raw materials to the Work in Progress account which records the Direct Materials and Direct Labor that are used in the Production process. By Debuting this account they indicate that the materials in it have increased.

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3 years ago
When you save your money to buy something I'm six months,which Job is money doing?
tatiyna
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3 years ago
Keynesian economics emphasized that economic downturns could be due to: inflation. T/F?
loris [4]
T. inflation is a very big issue

3 0
3 years ago
Candice tells Yuri that she wants to hear his ideas about the Q4 Finance Report, and Yuri says that they should compare it to la
Sloan [31]

c.

Arrogantly

Explanation:

What Candice is saying here basically boils down to 'we don't need to compare this to last year's performance as I want to see positive results not negatives'<u> insinuating that the performance has become worse in the last year.</u>

<u>Regressions in a financial report mean weaker performance over the fiscal year while projections mean that the performance was better.</u>

4 0
3 years ago
Suppose an economy’s national accounts are GNP = 100, C = 70, I = 40, G = 20 and EX = 20 where GNP is gross national product, C
Marysya12 [62]

Answer:

Imports is 50.

Current account balance is -30.

Total savings is 30.

After tax reduction total savings is 10.

Explanation:

GNP is given as  100.

The consumption expenditure is 70.

The investment expenditure is 40.

The government spending is 20.

The exports are given as 20.

GNP = C + I + G + EX - IM

100 = 70 + 40 + 20 + 20 - IM

100 = 150 - IM

IM = 50

The current account balance is the difference between exports and imports.

Current account balance

= EX - IM

= 20 - 50

= -30

Total savings in the economy is the difference between disposable income and consumption.

Total savings

= Y - C

= 100 - 70

= 30

In case government reduces taxes, the private saving will increase while the public saving will decrease.

Private saving

= Y - T - C

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=20

Public saving

= T - G

= 10-20

= -10

Total saving

= Private saving + Public saving

= 20 + (-10)

= 20 - 10

= 10

7 0
2 years ago
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