Answer:
Financial economies of scale are a type of internal economy of scale. They are economies of scale enable more favourable rates of borrowing. That is, larger businesses are seen by lenders as more reliable or worthy of credit due to their size, whereas smaller businesses will tend to pay higher rates of interest.
Answer:
$6,400
Explanation:
Financial Statements depicts the financial position of a firm at a particular point of time or specified date. The users of financial statements use various types of analysis to understand or compare the current financial statements of the company to prior years or with those of the competitors.
Supplies account is an asset account and has normal balance as debit balance. It increases with the purchase and decreases with the use of supplies.
Given:
Supplies (beginning) = $4,400
Purchased (supplies) = $2,400
Supplies (ending) = $400
Let supplies expense be x.
Now,
Supplies (ending) = Supplies (beginning) + Purchased (supplies) - Supplies expense
$400 = $4,400 + $2,400 - x
$400 = $6,800 - x
x = $6,800 - $400
Supplies expense = x = $6,400
The federal government realize most of their growth from income taxes.
-- Sales tax are collected by states and local municipalities.
-- Property taxes also go to local municipalities.
-- The account owner benefits from interest in savings accounts.
Answer: This statement is correct. Maximizing profit refers to short run or long run process by which a businessdetermine the price, input, and output levels that lead to the highest profit possible.
By choosing not to not to pick the apples off their trees and instead let them rot the farmers are in fact maximizing profits as picking them and selling might lead to loss.
Answer:
Option C It attempts to determine the retail price by using production costs as a base.
Explanation:
This approach helps in determining the retail price of the competitors that he is charging in the market. This gives a better insight to what the production costs are of the competitors.This information is very important for pricing decisions and for cost control strategy. This gives a better insight where we are and where we must be. So the option C is correct here.
