Answer:
The short run refers to a period of less than one year.
Explanation:
The statements is false that the short run refers to a period of less than one year.
The short run, long run and very long run are different time periods in economics.
<u>Short run – where one factor of production (e.g. capital) is fixed</u>.
long run – Where all factors of production are variable,
Unlike in accounting where operating period refer to a period of one year, <u> there is no hard and fast definition as to what is classified as "long" or "short" and mostly relies on the economic perspective being taken.</u>
Answer:
$500
Explanation:
The average cost per seat will be the total cost per plane divided by the seating capacity.
Therefore, the average cost of $50,000 divide by 100 seats
=$50,000/50 seats
=$500
Answer:It is contraction
Explanation:It is at the smallest point
Answer:
d. Revenue recognition
Explanation:
The principle of revenue recognition occurs when the revenue is recognized or earned whether cash is obtained or not and it also meets the accounting accrual basis. Realizable here implies that the customer receives the product but the payment was made afterward.
Since the given scenario reflects the violation of the revenue recognition principle.
Answer:
Disadvantage
Explanation:
It is a disadvantage because say if you were to come into a foreign country with a hundred dollars of your cuerncy for a 1000 dollars worth of their own currency they wont b able to determine if that is true or not because there is no way to check without that border controls on how much they are supposed to give you so its putting that country at a lost because if multiple ppl find out about that the country starts to loose vaule to where the point that you have more of that country money thank they do to where they technically own that country now
