Write a persuasive essay on "Why We Should Start a Family Business?"

"In the long run a company that produces and sells kayaks incurs total costs of $15,000 when output is 30 kayaks and $20,000 whe

Oksana_A [137]

Answer:

b. constant returns to scale because average total cost is constant as output rises.

Explanation:

The question has options. Below is the complete question.

<u>Complete Question</u>

In the long run a company that produces and sells kayaks incurs total costs of $15,000 when output is 30 kayaks and $20,000 when output is 40 kayaks. The kayak company exhibits

a. diseconomies of scale because total cost is rising as output rises.

b. constant returns to scale because average total cost is constant as output rises.

c. diseconomies of scale because average total cost is rising as output rises.

d. economies of scale because average total cost is falling as output rises.

The correct answer is explained below.

In the long run a company that produces and sells kayaks incurs total costs of $15,000 when output is 30 kayaks and $20,000 when output is 40 kayaks. The kayak company exhibits constant returns to scale because average total cost is constant as output rises.

6 0

3 years ago

Read 2 more answers

Internal control does not consist of policies and procedures that

kotegsom [21]

Answer:

d.guarantee the company will earn a profit

Explanation:

Internal controls are controls put in place by management to mitigate against identified risk. Risk basically refers to what could go wring in a process. Controls are put in place to mitigate against the risk of error or fraud and do not necessarily prevent the company from making a loss.

Companies make profit or loss based on management's decisions such as where to invest, what time to invest, introduction of a new product, management of cost of sales and operating expenses etc

Internal controls basically consist of policies and procedures that ensure that the company's asset are not misused (fraud), no misrepresentation of revenue (fraud), employees and managers comply with laws and regulations, business information is accurate ( no misrepresentation of records due to error) etc.

Hence Internal control does not consist of policies and procedures that guarantee the company will earn a profit.

The right option is d.

4 0

3 years ago

The ability to telecommute has come largely from the development of ________.

HACTEHA [7]

The ability to telecommute has come largely from the development of f<span>aster and more reliable internet capabilities</span>. Telecommuting allows people to work remotely and travel while working. This gives more flexibility to various lifestyles and also allows more people who benefit from working from home. Internet has greatly changed how people connect with one another.

3 0

3 years ago

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Use the following data to calculate the current ratio.

White raven [17]

Answer:

Kingbird, Inc.

Current Ratio = Current Assets/Current Liabilities

= $406,000/$147,800

= 2.75

Explanation:

a) Data and Calculations:

Kingbird, Inc. Balance Sheet December 31, 2022

Cash and cash equivalents $68000 Accounts payable $135500

Accounts receivable 103500 Salaries & wages payable 12300

Inventory 144500 Bonds payable 166000

Prepaid insurance 90000 Total liabilities $313800

Stock investments 181500

Land 195000

Buildings $225000 Common stock $239200

Less: Accumulated

depreciation (64000) 161000 Retained earnings 502500

Trademarks 112000 Total stockholders' equity $741700

Total assets $1055500 Total liabilities and stockholders'

equity $1055500

Current Assets:

Cash and cash equivalents $68,000

Accounts receivable 103,500

Inventory 144,500

Prepaid insurance 90,000

Total current assets $406,000

Current Liabilities:

Accounts payable $135,500

Salaries & wages payable 12,300

Total current liabilities $147,800

6 0

3 years ago

You bought a new car for $23,500. You put down $5,000 cash and have to take a loan out to pay for the rest. The car dealership i

Vanyuwa [196]

Answer:

$4,507.73

Explanation:

5 0

3 years ago