Answer:
Which of the following observations is true?
d. In the long run, more costs become variable.
Explanation:
The long run is a period of time in which all factors of production and costs are variable.
The summary .................. including trade, FOREIGN AID and the remittance............. Balance of payment is the record of all economic transactions between the residents of a country and the rest of the world in a particular period of time. A balance of payment allows a country to monitor its import and export rates.
Gross accounts receivable 12/31/2020= $16000/ 15% = $106,667
Accounts written off = $16000 - (- $29300) = $45,300
bad debt expense direct method = $45,300
Debt is a duty that calls for one birthday celebration, the debtor, to pay cash or another agreed-upon cost to every other party, the creditor. Debt is a deferred payment, or collection of payments, which differentiates it from a direct purchase. The debt may be owed via a sovereign kingdom or USA, nearby government, business enterprise, or person. Industrial debt is normally concerned to contractual phrases regarding the amount and timing of repayments of major and hobby. Loans, bonds, notes, and mortgages are all sorts of debt. In economic accounting, debt is a kind of financial transaction, as wonderful from fairness. The time period also can be used metaphorically to cowl moral obligations and different interactions no longer based totally on a monetary cost. For instance, in Western cultures, someone who has been helped by using a second person is occasionally said to owe a "debt of gratitude" to the second individual.
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Because if you chose the one with the higher opportunity cost you are wasting resources while you could be doing something more effective instead.
Answer:
b. decrease of $8,900
Explanation:
the sales price and variable costs are missing, so I looked them up:
sales price = $160
variable costs = $48
current operating income:
sales revenue $800,000
variable costs <u>($240,000)</u>
contribution margin $560,000
fixed costs <u>($499,000)</u>
operating income $61,000
if the company follows the marketing manager's plan:
sales revenue $867,300
variable costs <u>($283,200)</u>
contribution margin $584,100
fixed costs <u>($532,000)</u>
operating income $52,100
operating income will decrease by $61,000 - $52,100 = $8,900