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4 years ago

What are operating expenses?

Business

1 answer:

skad [1K]4 years ago

3 0

Answer:

see below

Explanation:

Operating expenses are the cost a business incurs while engaging in its normal business operations. They are the costs not directly be attached to the production process. A business incurs operating expenses in managing it day to day activities. They exclude one time expenses such as judgment cost, accounts adjustments, and other non-recurring costs.

Operating expenses are classified into administrative, selling, and general expenses. Businesses cannot avoid operating expenses; hence the management should strive to keep them as low as possible. Examples of operating expenses include rent, salaries, employee benefits, transport, depreciation, repairs, taxes, sales commissions, amortization, and pension contributions.

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Suppose one of your friends offered the following argument: Market for Widgets A rightward shift in demand will cause an increas

grigory [225]

Answer:

C. No, the increase in price will not cause a shift of the supply curve

<u><em>Attached graph</em></u>

Explanation:

The demand curve will move to the right, and the equilibrium price adn quantity will increase as a result of this event. But, the supply curve will not move the new equilibrium will be along the original supply line.

The supply curve will move affectd by technology, input prices, taxation, interest rates changes, the price is not what determinates the supply curve. The price is the result of how supply and demand interact.

4 0

3 years ago

Grouper Company purchased a new machine on October 1, 2020, at a cost of $114,800. The company estimated that the machine will h

Colt1911 [192]

Answer:

$6,250

Explanation:

Cost of machine = $114,800

Salvage value = $14,800

Life of machine = 4 years

Depreciable cost = Cost - Salvage value

= $114,800 - $14,800

= $100,000

Date of purchase = October 1, 2020

Assets used for period in 2020 = 3 months

Annual depreciation:

= Depreciable cost ÷ life of assets

= $100,000 ÷ 4

= $25,000

Depreciation expense for 2020:

= Annual depreciation × (3 ÷ 12)

= 25,000 × (3 ÷ 12)

= $6,250

3 0

3 years ago

What is the most accepted time frame associated with the MOV SEP code?

shusha [124]

The inference is that the most accepted time frame associated with the MOV SEP code is 60 days or 2 months.

<h3>What is an inference?</h3>

An inference is the conclusion that can be deduced based on an information.

In this case, the inference is that the most accepted time frame associated with the MOV SEP code is 60 days or 2 months. This is the period when you can sign for health insurance.

Learn more about inference on:

brainly.com/question/25280941

#SPJ1

3 0

2 years ago

A competitive firm has been selling its output for $10 per unit and has been maximizing its profit. Then, the price rises to $14

LenaWriter [7]

Answer:

The answer is 3. Quantity of output is higher that it was previously

Explanation:

A perfectly competitive firm acts as a price taker, so its calculation of total revenue is made by taking the given market price and multiplying it by the quantity of output that the firms chooses.

3 0

3 years ago

In 2007, the economy slipped in a recession that many called the worst since the Great Depression. This caused people to experie

Elis [28]

Answer:

an increase in equilibrium price and an indeterminate effect on equilibrium quantity.

Explanation:

An inferior good is a good whose demand increases when income falls and reduces when income rises.

If ramen is an inferior good, when income falls its demand would increase. This would lead to a rise in quantity and price.

An increase in the price of wheat would increase the cost of production of ramen. As a result, the supply of ramen would fall. Price would increase and supply would fall.

The combined effect would be an increase in equilibrium price but an indeterminate effect on equilibrium quantity.

I hope my answer helps you

3 0

3 years ago