Variable costs are:
sunk costs.
the change in total cost associated with the production of an additional unit of output.
costs that change every day.
costs that change with the amount of output a firm produces.

Answers

Answer 1

Answer:

the change in total cost associated with the production of an additional unit of output.

Explanation:

A variable cost is a cost that changes in relation to variations in an activity. In a business, the "activity" is frequently production volume.


Related Questions

Free cash flow describes the net cash provided by operating activities after adjusting for A : current liabilities. B : both capital expenditure and dividends paid. C : capital expenditures only. D : dividends paid only.

Answers

Answer:

The answer is B, both capital expenditure and dividends paid.

Explanation:

In the Statement os Cash Flow, cash provided by operating activities fails to take into account that a company must invest in a new property, plant, and equipment and must maintain dividends at current levels to satisfy investors.

Free cash flow describer the net cash provided by operating activities after adjusting for capital expenditures and dividens paid.

A new advertising agency serves a wide range of clients including manufacturers, restaurants, service businesses, department stores, and other retail establishments. The accounting system the advertising agency has most likely adopted for its record keeping in accumulating costs is:
A. Relevant costing.
B. Operation costing.
C. Job-order costing.
D. Process costing.

Answers

Answer:

C. Job - order costing

Explanation:

Job - order costing -

It is used by the organization , when the goods and services of the organization are readily identifies by separate batches or units .

The agency that will advertise accumulates its cost through the client .

The method of job - order costing is the most apt system for a non - manufacturing firms .

Hence , from the data of the question , the correct answer is ( C ) Job - order costing .

Which resource management activity identifies and verifies that personnel are qualified for a particular position? A. Qualifying B. Planning C. Certification D. Credentialing

Answers

Answer:

D . Credentialing

Explanation:

It is usually carried out at the beginning of employment (initial application) and subsequently at regular intervals (re-election). The accreditation of suppliers or other organizations can begin before the purchase process and be repeated regularly.

According to the American Marketing Association, the term _____ is defined as the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

Answers

Answer:

The answer is: Marketing

Explanation:

In 2008, the American Marketing Association changed the definition of  marketing to:

"Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large."

This was done basically to broaden the activities involved in the process of marketing. With this new approach the AMA gave the whole process of marketing a much broader role in the activities involved in society. Before this new definition was released, marketing was seen as an organizational function which involved only the company (organization and stakeholders) and its customers.

he economy is in long-run equilibrium when there is a correctly anticipated increase in aggregate demand. In new Keynesian theory, the price level will rise __________ in the short run than it is predicted to rise in new classical theory.

Answers

Answer: slowly

Explanation: In new Keynesian theory, the price level will rise slowly in the short run than it is predicted to rise in new classical theory. New Keynesian explanations of sticky prices often emphasize that not everyone in the economy sets prices at the same time. Instead, the adjustment of prices throughout the economy is staggered. Staggering complicates the setting of prices because firms care about their prices relative to those charged by other firms. Staggering can make the overall level of prices adjust slowly, even when individual prices change frequently. The price level rises slowly as the result of small price increases on the first and the fifteenth of each month. Hence, staggering makes the price level sluggish, because no firm wishes to be the first to post a substantial price increase. During the 1990s, the debate between new classical and new Keynesian economists led to the emergence of a new synthesis among macroeconomists about the best way to explain short-run economic fluctuations and the role of monetary and fiscal policies. The new synthesis attempts to merge the strengths of the competing approaches that preceded it. From the new classical models it takes a variety of modeling tools that shed light on how households and firms make decisions over time. From the new Keynesian models it takes price rigidities and uses them to explain why monetary policy affects employment and production in the short run. The most common approach is to assume monopolistically competitive firms (firms that have market power but compete with other firms) that change prices only intermittently.











Gather reliable information to help Brent make his decision. To gather this information, use newspapers, call insurance companies or look at their Web sites, and review consumer magazines and Web sites. Also, look at the manufacturer Web site or www.fueleconomy.gov for information about gas mileage. List the sources you use and take notes.

Answers

Answer:

One way to calculate mileage is to recollect the milometer reading or to reset the mileage counter once filling up a storage tank.

Explanation:

Fuel potency may be a sort of thermal potency, which means the magnitude relation from effort to results of a method that converts chemical P.E. contained in a very carrier into K.E. or work.

Once doing thus next time, acquire the mileage increased between the 2 gas fill-ups.The last is to divide.

The process of attempting to determine all cost elements such as acquisition price, purchasing administration, follow-up, expediting, inspection and testing, rework, scrap, downtime, lost sales and customer returns is called:
a. total cost of ownership.
b. activity-based costing.
c. target pricing.
d. competitive bidding.
e. learning curve.

Answers

Answer: Total cost ownership  

Explanation: Total cost ownership is a kind of financial estimate that is used by the buyers and the owners to determine the total indirect and direct cost of a commodity produced or purchased.

It includes all the expenses that are incurred to make the product ready for use to the final customer. It involves a series of activities that is performed by the producer to ready the product.

Hence from the above we can conclude that the correct option is A.  

Juana looked at her September issue of O magazine and did not see anything of interest. However, after her mother was diagnosed with bipolar disorder, Juana found the issue extremely interesting because it offered advice on how to help people who are suffering from this problem. The fact that the boring issue became quite interesting is most directly due to a change in Juana's ________.
A) exposure
B) cultural values
C) attention
D) personality

Answers

Answer: attention

Explanation: The given case illustrates the concept of selective attention.

      Selective attention refers to the situation when an individual focuses on a particular aspect of a vast subject matter due to his or her specific need or preferences.

In the given case, Juana found the magazine interesting because of the topic regarding a disease was covered in the magazine from which her mother was suffering.

Therefore, we can conclude that the correct option is C.

Financial reports provide information that can reduce investors' uncertainty about the company's opportunities and risks, thereby raising the company's cost of capital.a)trueb)false

Answers

Answer:

False

Explanation:

The given statement is false Financial reports does not provide information that can reduce investors uncertainty about the company's opportunities and risks, thereby raising the company's cost of capital.

Financial report of a company contains balance sheet, income statement and discussion of the management. It also indicate company's financial health and earning potential. But it cannot reduce the risk of investors uncertainty.  

The true test of supply’s contribution is when the chief executive officer and the management team recognize that supply and suppliers are critical to organizational success and competitive advantage.True or False

Answers

Answer:

True

Explanation:

Suppliers contribution of the suppliers and supply are critical to organizational success and competitive advantage because the price of products/materials and quality of the products /materials offered by the supplier and it must be given in the right amounts and in the right time which is important in making quality and cheaper finished products in gaining customer satisfaction(organizational success) and a competitive advantage

Salary Payable at the beginning of the month totals $ 20 comma 000. During the​ month, salaries of $ 120 comma 000 were accrued as expense. If ending Salary Payable is $ 14 comma 000​, what amount of cash did the company pay for salaries during the​ month?

Answers

Answer:

Salaries paid during the month were $126,000

Explanation:

Given:

Beginning salary payable = $20,000

Salary expense accrued during the month = $120,000

Ending salary payable = $14,000

Salaries paid during the month is computed as shown below:

Salaries paid = (Beginning salary + Accrued salary expense) - ending salary payable

= (20,000 + 120,000) - 14,000

=$126,000

Therefore, salaries paid during the month were $126,000.

Licensing is perhaps the easiest method of entering into international trade. another method of entering international trade which can be relatively low risk, is _____________, which opens several levels of involvement to company.

Answers

Answer:

Another method of entering international trade which can be relatively low risk, is exporting.

Explanation:

After licensing, exporting is one of the smoothest ways to capture international markets. It involves sending goods and services from one country to another. It is considered to be relatively low-risk and it has multiple benefits attached to it. It enables business owners to discover new growth opportunities in an international market. It also helps in widening the target audience. Moreover, businesses with seasonal demand can balance out their sales by capturing different markets.

Warren corporation purchased a truck at a cost of $60,000. It has an estimated useful life of five years and estimated residual value of $5,000. At the beginning of year three, warren's managers concluded that the total useful life would be four years, rather than five years. There was no change in the estimated residual value. What is the amount of depreciation that warren should record for year 3 under the straight-line depreciation method?

Answers

Answer:

What is the amount of depreciation that warren should record for year 3 under the straight-line depreciation method? $15500

Explanation:

Net Value Dep. year End Net value.

Year 1 55000 12000          43000

Year 2 43000 12000          31000

Year 3 31000 15500          15500

Year 4 15500 15500            0

A company is successful at recruiting engineers by handing out flyers during community events near a university which is highly rated for its engineering program. The company's competitor effectively reaches the same audience by hanging banners at a similar event. This is an example of ________.

Answers

Answer: substitutability

Explanation: The virtue of something being replaceable is called its substitutability. In simple words, it the ability of something to be put in place of other.

In the given case, the subject company and its competitor both are using the same method for recruitment and both are successful in their process. Thus, any one of them, could easily replace other in the process.

Hence from the above we can conclude that the the given case is an example of Substitutability.

Henry, the vice president of Walnut Corp., has observed that the sales team and the marketing team are often fighting over shared resources after the company encountered a financial crisis. This scenario illustrates the concept of _____.A) team cohesivenessB) team synergyC) team autonomyD) team conflict

Answers

Answer:

The correct answer is A) team confict

Explanation:

You can talk about team conflict when there is a problem in the team that affects results or they are not able to work in an optimun way.

Team cohesivness is when the members work together and united in the pursuit of a common goal.

Team sinergy is when the result of working together is better than the result of the work of all the members added when they work separated

Team autonomy is when a team can work without the incluence of an otside party

Every financial market performs the following function:
A) It determines the level of interest rates.
B) It allows common stock to be traded.
C) It allows loans to be made.
D) It channels funds from lenders-savers to borrowers-spenders.

Answers

Answer:

D) It channels funds from lenders-savers to borrowers-spenders.

Explanation:

Financial market

The marketplace where trading of securities like the equities , currencies , bonds and bonds are done .

There are small as well as large financial markets available .

The stock market is also an example of a financial market as it enables the investors to sell and buy shares of the companies .

You manage a software development group with team members in North America, South America, and Asia. Your boss wants you to write a status report about your group's activities. You need key team members to contribute to the report, but doing so is challenging when team members are in so many different time zones. Which writing tool is likely to benefit you most on this project?

Answers

Answer:

Google Docs.

Explanation:

I think is the best option due to the time zone differences. Everybody can contribute writing something and save it, so other people can correct or continue typing online.

Answer:B

Explanation:

just got it right

Electronic funds transfers ________. a) are a way of moving cash by paper documents b) do not appear on the bank statement c) include direct deposits and debit card transactionsd) are more expensive than mailing a check to make a payment

Answers

Answer:

The correct answer is c) Include direct deposits and debit card transactions.

Explanation:

Electronic Fund Transfers (EFT) is an electronic transaction that moves money from one account to another. The accounts can be from the same institution of from different ones, and are processed through the Automated Clearing House (ACH). The ACH is a system that connects all the financial institutions in the United States.

EFTs are paper free and do not need human intermediaries to go through with a transaction. These can be done through direct deposits, wire transfers, debit cards, electronic checks, ATMs, personal computer banking and others.

Electronic funds transfers include activities such as direct deposits and debit card transactions, which are recorded on a bank statement and offer a cost-effective way of transferring funds without the use of paper documents. So, option c is correct.

Electronic funds transfers include direct deposits and debit card transactions. Unlike mailing a check, these transfers do not rely on paper documents and typically occur more quickly and at lower cost. When you use a debit card, you are instructing your bank to transfer money directly from your bank account to the seller immediately, without the need to write a check or handle cash. Additionally, these transactions are recorded on your bank statement, allowing you to keep track of your expenditures and the movement of funds in and out of your account.

It is important to note that neither debit cards nor credit cards are considered money; rather, they are tools that facilitate the transfer of money that already exists within your banking system. Moreover, specialized cards issued by institutions like colleges that allow students to make purchases can be considered part of the money supply to the extent that they represent funds that have been deposited and are available for transactions.

Torres Travel’s stockholders' equity at the beginning of March 2022 was $200,000. During the month, the company earned net income of $50,000 and paid dividends of $10,000. At the end of March 2022, what is the amount of stockholders' equity?

Answers

Answer:

At the end of March 2022,  the amount of stockholders' equity is $240,000

Explanation:

The net income of $50,000 increases the amount of stockholders' equity:

stockholders' equity +  net income =  $250,000

And the paid dividends of $10,000 decreases the amount of stockholders' equity:

stockholders' equity -   paid dividends =  $240,000

Which of the following is the process of assessing the​ firm's internal and external​ environments?
A. Business portfolio analysis
B. Market growth rate analysis
C. Situation analysis
D. Sustainability analysis
E. Product development analysis

Answers

Answer:

C.

Explanation:

A situation analysis defines where you are today, in terms of your product, market, customer and competition.

The systematic collection and study of past and present data to identify trends, forces, and conditions with the potential to influence the performance of the business and the choice of appropriate strategies. The situation analysis is the foundation of the strategic planning process. The situation analysis includes an examination of both the internal factors (to identify strenghts and weaknesses) and external factors (to identify opportunities and threats). It is often referred to by the acronym SWOT.

The unemployment rate may underestimate the true extent of unemployment if:
a. many part-time employees would like to work fulltime, but are unable to get the additional work.
b. employees increase the number of hours they work overtime.
c. there are a large number of people working in the underground economy.
d. people are pretending to look for work so that they can continue receiving unemployment benefits.

Answers

Answer: c.

Explanation: The unemployment rate may underestimate the true extent of unemployment if there are a large number of people working in the underground economy . While the underground economy also known as the black economy may conjure up images of drug deals and prostitution rings, the term actually has much broader scope. It refers not only to illegal economic activity, but all economic activity that goes unreported to government authorities and consequently, avoids being taxed. one of the primary reasons the underground economy exists is that people are trying to evade taxes. But increased government regulations that can make the cost of doing business higher also create an incentive to avoid reporting certain economic activity to the government. An increase in the number of unemployed increases the number of people who work in the black economy because they have more time. On the other hand, an increase in unemployment implies a decrease in the shadow economy.

Jorge Martinez is a well-educated entrepreneur who operated a small business in his home country of Florentina. At the encouragement of his American relatives, Jorge recently immigrated to the United States and applied for U.S. citizenship. "In Florentina, tax rates were very high," Jorge complained. "The government used the taxes I paid to finance all sorts of social programs to help the less fortunate. While this is a noble goal, it has really undermined the profit incentive of individuals such as me. I really feel that these high taxes have stifled economic growth." Jorge's comments illustrate the reason many socialist countries are experiencing a(n):

Answers

Answer:

brain drain

Explanation:

According to my research on economy and politics in certain countries, I can say that based on the information provided within the question these comments illustrate the reason many socialist countries are experiencing a brain drain. When speaking in terms of population and immigration, this term refers to the emigration of highly trained or qualified people from a particular country to another.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

A friend of yours has an interview with an economics consulting firm and has been asked to discuss a microeconomics topic. Which of the following topics would you recommend that your friend discuss?A) the study of how prices are determined in the baseball card industryB) how unemployment is falling in the national economyC) what the Federal Reserve will do with interest ratesD) what the next president will do to stimulate the national economy

Answers

Answer:

The answer is: A) the study of how prices are determined in the baseball card industry

Explanation:

Microeconomics is concerned with single factors (individuals or an specific company or industry) and the effects of their decisions and allocation of resources. The baseball card industry and their pricing methods enter into this category.

While the country´s unemployment rate, or the Fed´s interest rate, or national politics affect the whole economy, so they part of Macroeconomics.

What does the statement "This note is legal tender for all debts, public and private" guarantee?

a) US currency is backed by gold.
b) US currency is backed by silver.
c) US currency is a way of obtaining legal credit.
d) US currency has value backed by the federal government.

Answers

Answer:

US currency has value backed by the federal government.

Explanation:

D. US currency has value backed by the federal government.

Assume a hypothetical case where an industry begins as perfect competition and then becomes a monopoly. As a result of this​ change, A. consumer surplus will be​ smaller, producer surplus will be​ greater, and there will be a reduction in economic efficiency. B. consumer surplus will be smaller and producer surplus will be greater. There will be a net increase in economic surplus. C. price will be​ higher, consumer surplus will be​ greater, and output will be greater. D. price will be​ higher, output will be​ lower, and the deadweight loss will be eliminated.

Answers

Answer:

The correct answer is A. consumer surplus will be​ smaller, producer surplus will be​ greater, and there will be a reduction in economic efficiency.

Explanation:

Monopoly is a form of market totally opposed to perfect competition. It is part of the so-called "imperfect competition", those markets that do not meet the assumptions of perfect competition.

Three situations can be distinguished:

Monopoly of offer. There is only one bidder and many plaintiffs. An example is that of companies that operate an exclusive public service. Monopoly of demand or monopsony. There is only one plaintiff and many bidders. One case is the dependence of the defense industry on state contracts. Bilateral Monopoly. When there is only one plaintiff and one sole offeror. An example is the labor market where the negotiation of a wage increase is carried out between the employer's association and the union platform.

However, when we talk about monopoly in general, we refer to the offer that is what we are going to focus on.

In this type of market, the monopoly company has the power to set prices and quantities since there is no competition. The monopolist will offer a smaller quantity at a higher price than if the market were of perfect competition. In addition, having the sale insured, the company does not care about product quality or consumer satisfaction.

Collector Carl displays his beer can collection at the local swap meet. Mary sees the collection and is interested in buying it. Carl says he will sell the collection for $1,500. Mary says she really likes the collection but is only willing to pay $1,000. Which of the following is correct?a. Mary's offer is an option contract and she cannot revoke the offer.b. Mary's counteroffer terminates Carl's offer of $1,500.c. Neither offer is valid. Who would ever pay $1,000 or $1,500 for a beer can collection?d. If Carl rejects Mary's counteroffer, she can still accept Carl's offer of $1,500.

Answers

Answer:

Which of the following is correct?

b.

Explanation:

b. Mary's counteroffer terminates Carl's offer of $1,500

Mona is comparing financing rates from a car dealer and her local bank. The dealer is offering zero down and zero percent financing for 36 months, whereas her bank is offering her a 3.5% annual rate on a five year loan and requires a 10 percent down payment. If Mona accepts dealer financing,
A) her payments may be higher than bank financing.
B) her payments will always be less than bank financing.
C) the dealer will make a lower profit.
D) the dealer will require a higher down payment.

Answers

Answer:

If Mona accepts dealer financing,A) her payments may be higher than bank financing.

Explanation:

Dealer

10000 3333,33    

        3333,33    

        3333,33      

Bank

Due" Additional Payment    Interest Principal Balance

    10.000

2.214,81                       350,00 1.864,81 8.135,19

2.214,81                       284,73 1.930,08 6.205,11

2.214,81                         217,18 1.997,63 4.207,48

2.214,81                          147,26 2.067,55 2.139,93

2.214,83                           74,90 2.139,93 0,00

For tax reporting purposes, companies typically transfer more of the asset’s cost from the balance sheet to the income statement in the earlier years of the asset’s life. This is called accelerated depreciation and it is a benefit to the company. Thus, companies record deferred tax assets (benefits) for this accelerated depreciation. True/False

Answers

Answer:

False

Explanation:

Depreciation is a standard expense, which is based on consistent formula of depreciation used by organisation, it can be straight line, double declining as per the company's choice.

But the formula has to be consistent.

Also, a company charges depreciation as per US GAAP in financial statements which do not allow the company to charge high depreciation in initial years and then claim a deferred tax asset.

Therefore, the statement is:

False

In 2017, Orear Manufacturing signed a contract with a supplier to purchase raw materials in 2018 for $700,000. Before the December 31, 2017 balance sheet date, the market price for these materials dropped to $510,000. The journal entry to record this situation at December 31, 2017 will result in a credit that should be reporteda) as an appropriation of retained earnings.b) as a valuation account to Inventory on the balance sheet.c) on the income statement.d) as a current liability.

Answers

Answer:

d) as a current liability.

Explanation:

As in the given instance, the value of transaction is also known, further since the contract s signed the company has liability to buy the goods and accordingly the company has to incur such payment.

Since there will be an purchase for which payment will be made in future.

Therefore, this will give rise to current liability, although value of goods has decreased but still, there is a liability of payment.

Asher Airlines instituted a marketing program whose intent is to create a relationship with customers with seat upgrades and free miles for their continued patronage. What customer relationship tool is Asher Airlines​ using __________________.

Answers

Answer:

frequency marketing program

Explanation:

Frequency Marketing is the marketing strategy that is used to lure as well as retain the customers for a longer period of time. It includes events such as advertising at the frequent intervals, offering discounts to the loyal customers, conducting and organizing various events etc. This type of strategy is carried out at the frequent intervals of the time to retain the customers.

Hence, Asher airlines is offering such discounts to retain and lure their customers and this is a type of frequency marketing program.

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