8. Based on habits, customs, and beliefs – traditional economy
9. Individuals and businesses own the means of production – Market Economy.
What is a traditional economic system?A traditional economy is a system where customs and traditions are the components that determine the way trade and commerce are executed. It is a self-sufficient economy where the people engage in different human activities to produce trade goods or services that are required by the rest of the community.
10. Sweden – Socialism
11. North Korea – Communism
12. Subsistence system – Traditional Economy
13. Government makes all economic decisions – command economy
14. High taxes – Socialism
15. Government owns part of the means of production – Socialism
16. United States – mixed-market economy
17. Amazon Rainforest communities and Australian Aborigines – Traditional Economy
18. Government regulates but does not control the economy – Market Economy.
Therefore, the Correct answers are above.
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Your question is not complete, the complete question will be;
Fill in the blanks with the correct economic system:
8. Based on habits, customs, and beliefs ______
9. Individuals and businesses own the means of production _______
10. Sweden ________
11. North Korea ________
12. Subsistence system __________
13. Government makes all economic decisions _______
14. High taxes _______
15. Government owns part of the means of production _______
16. United States ________
17. Amazon Rainforest communities and Australian Aborigines _________
18. Government regulates but does not control the economy __________
an expense that costs the same whether or not a firm is producing a good or service
A fixed cost is an expense that remains the same whether or not a company is producing a good or service.
Fixed costs are costs incurred by a business that remain constant regardless of the level of activity. Rent, salary, insurance, property taxes, interest costs, depreciation, and possibly certain utilities are some examples of fixed costs.
Rent and leasing charges, salary, energy prices, insurance, and loan repayments are a few examples of fixed costs. There are some taxes that are fixed costs as well, such as company licences.
Capital expenditures, commonly referred to as indirect costs or overhead costs in accounting and economics, are costs incurred by a corporation that are independent of the volume of goods or services it produces. They frequently occur again and again, like monthly rent or interest payments.
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in tachistoscopic studies, a poststimulus mask is usually employed to
In tachistoscopic studies, a poststimulus mask is usually employed to a.disrupt sensory processing of the stimulus.
What is tachistoscopic studies?In late 1960s public schools, tachistoscopes were utilised as a tool to improve reading comprehension and speed reading. There were two types: one required the learner to read letters, words, and sentences on manually progressed slide film while using a lens akin to an aviation bombsight viewfinder.
The tachistoscope has been used to explore the boundaries of human visual perception, including figuring out the shortest amount of time that must pass before a stimulus, such as a shape, colour, letter, or number, can be perceived.
The proper question is "In tachistoscopic studies, a poststimulus mask is usually employed toa.disrupt sensory processing of the stimulus.b.prevent verbalization.c.help the participants maintain proper eye position.d.discourage guessing about the stimulus."
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Cost of goods sold for a merchandising company , direct materials and commissions are all examples of variable ____costs.
The Cost of goods sold for a merchandising company , direct materials and commissions are all examples of variable costs.
The Variable Costs are defined as the costs that vary directly with changes in the level of production or sales.
In the merchandising company, the cost of goods sold is a variable cost that increases as the company sells more products.
The Direct materials and commissions are also variable costs because they are directly tied to the production and sale of goods, respectively.
We know as the level of production or sales changes, these costs will also change in proportion. In contrast, fixed costs remain constant regardless of changes in the level of production .
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The production possibilities frontier model assumes all of the following except
a. the economy produces only two products.
b. the level of technology is fixed and unchanged.
c. labor, capital, land and natural resources are fixed in quantity.
d. production of goods requireds full employment of all resources
The production possibilitis frontier model assumes all of the following except b. the level of technology is fixed and unchanged.
What are a production possibilities frontier's three underlying presumptions?The following basic premises underlie the production possibility curve: Resources are provided and don't change. The technology employed in the manufacturing process doesn't change. The technology and resources are effectively and completely used.
A production possibilities curve (PPC) depicts the greatest quantity of one commodity that can be produced given the degree of production of another good, the total quantity of inputs available to manufacture both commodities, and the production technique.
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The above figure shows the market for gourmet ice cream. In effort to reduce obesity, government places a dollar 5 tax per gallon on suppliers in this market, shifting the supply curve from S_0 to S_1. The quantity of ice cream consumed before the tax is gallons and the quantity consumed after the tax is gallons. a. 300,000;200,000 b. 250,000;200,000 c. 200,000;250,00 d. 200,000;200,000
Let's imagine the government enacts legislation that charges consumers a $1 tax every gallon of ice cream.
The demand curve is a graphical representation of how the cost of a commodity or service relates to how much is wanted over time. Typically, the quantity needed will be indicated on the right-hand horizontal axis, and the price will be displayed on the left-hand vertical axis. The law of demand, illustrated by the demand curve, states that, when all other factors are equal, the quantity sought for a given commodity will decrease as its price increases. It's important to keep in mind that this formulation suggests that quantity is the dependent variable and price is the independent variable. The demand curve, where the independent variable typically lies on the x-axis, does not apply to economics.
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If the price of leather used to make shoes falls in price such that the supply of shoes increases by 20 shoes at every price, then the amount of shoes supplied at a price of $60 before the change would be___pairs, and after the change, it would be___pairs.
a) 30:50
b) 10:30
c) 20:40
d) 40; 60
After the change, the supply of shoes would increase by 20 pairs at every price level. Therefore, the amount of shoes supplied at a price of $60 after the change would be 40 pairs.
If the price of leather used to make shoes falls, it will decrease the cost of production of shoes, leading to an increase in the supply of shoes. The increase in supply is represented by a rightward shift in the supply curve.
Since the question provides that the supply of shoes has increased by 20 shoes at every price, this means that the quantity supplied at a price of $60 before the change was 20 shoes less than the new quantity supplied after the change.
Assuming that a pair of shoes is represented by one unit, the amount of shoes supplied at a price of $60 before the change was 20 pairs (since 20 shoes = 10 pairs).
After the change, the supply of shoes would increase by 20 pairs at every price level. Therefore, the amount of shoes supplied at a price of $60 after the change would be 40 pairs (since 40 shoes = 20 pairs).
So the correct answer is (c): 20:40.
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What are the 7 types of pastry?
The seven types of pastry include shortcrust pastry, puff pastry, choux pastry, filo pastry, sweet pastry, savory pastry and rough puff pastry.
Shortcrust pastry: Pastry made with flour, butter, and water is referred to as shortcrust pastry. It is used in many sweet and savory dishes, such as pies and quiches.
Puff pastry: A light, flaky pastry made from layers of butter and dough. It is used in many sweet and savory dishes, such as pastries, turnovers, and tarts.
Choux pastry: Butter, water, flour, and eggs are combined to make choux pastry, a flaky, light pastry. It is used to produce pastries like cream puffs and éclairs.
Filo pastry: A paper-thin pastry called filo is comprised of layers of dough that are coated with butter or oil before baking. It is a component of recipes like spanakopita and baklava.
Sweet pastry: A type of pastry made with flour, butter, sugar, and eggs. It is used in sweet dishes such as tarts, pies, and cakes.
Savory pastry: A type of pastry made with flour, butter, and eggs, and used in savory dishes such as quiches and pies.
Rough puff pastry: A variation of puff pastry made with layers of dough and butter that are folded and rolled several times to create flaky layers. It is used in dishes such as sausage rolls and pastries.
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True/False. investing activities involve the acquiring and disposing of liabilities that a company needs in order to finance its operating activities.
The given statement "liabilities that a business needs in order to finance its operating activities are acquired and sold as part of investing activity" is FALSE.
What are investing activities?Buying tangible assets, investing in securities, or selling securities or assets are all examples of investing activity.
If management is investing in the long-term health of the company, negative cash flow from investing operations could not be a bad indicator.
Investment operations include buying and selling the assets that a business needs to produce and market its goods and services.
Purchases of long-term assets (including real estate, machinery, and equipment), the purchase of other companies, and investments in marketable securities are all examples of investing activities (stocks and bonds).
Four fundamental investment alternatives include bonds, equities, mutual funds, and exchange-traded funds, or ETFs.
Therefore, the given statement "liabilities that a business needs in order to finance its operating activities are acquired and sold as part of investing activity" is FALSE.
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Forming Storming Adjourning Performing Norming Match Each Of The Options Above To The Items Below. A. Members Aren't Very Trusting Of One Another, They Are Spending Time Assessing What Their Contribution Will Be To This Particular Group As This Is Currently Unclear. B. Members Seem To Be Coming Out Of Their Shells, Grouping Into Small Alliances, And Even arguing about the groups goals.C. Members decide on their regular meeting days/times, rules about tardiness or non-attendance, and set expectations regarding how they will interact with one anotherD. Members of your 8-person team break off into smaller groups of 2 or 2 and work on mel sub-groups individual tasksE. Members get together to discuss what they have learned and to share memories
They decide how they will communicate with one another, set regular meeting dates and hours, and establish policies on tardiness and absence.
The five phases of group development include forming, storming, norming, performing, and adjourning. During the initial stage of group formation, members are cautious and unsure about the goal of the group and what to expect from one another. They take their time determining how they will contribute and what the group's objectives are. The second stage, storming, is where participants start to speak up and voice their thoughts. As the group begins to develop alliances and work toward its objectives, disagreements may arise. The third stage, known as "Norming," is when the group begins to unite and create norms and expectations.
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Are adjusting journal entries made at the end of the accounting period?
An adjusting journal entry is typically made at the end of an accounting period to recognize an income or expense in the period that it is incurred.
What is an entry in an Adjusting Journal ?An adjusting journal entry is typically made at the end of an accounting period to recognize an income or expense in the period that it is incurred. A product of accrual accounting, it is based on matching and revenue recognition principles. According to the matching principle, revenues and costs should be reported in the same accounting period in accrual accounting. In addition, it is determined by the revenue recognition principle that both revenues and expenses must be recorded during the period in which they are actually incurred. However, in practice, revenues may be generated in one period while expenses are incurred in another. Additionally, cash may not be received or earned concurrently with incurred expenses or income.
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Australia has decided it will no longer feature what on its paper currency?
how much is 5000 yen in us dollars
The five thousand yens is worth $37.17 (USD) today or thirty-seven us dollars 17 cents.
The US dollar is a fiat currency, meaning that it is not backed by a commodity like gold or silver, but rather by the faith and credit of the United States government. The Federal Reserve, which is the central bank of the United States, is responsible for regulating the supply of US dollars and managing monetary policy in the country.
The US dollar is used for a wide variety of purposes, including international trade, foreign investment, and as a reserve currency held by central banks around the world. It is also widely used in global financial markets, including as a pricing currency for commodities such as oil and gold.
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Which data types are typically found in the marketing department?
Promotion data, sales data, advertising data.
In the marketing division, data types like advertising, sales, and promotions are regularly encountered.
What are marketing departments?A marketing division powers a company's advertising machine.
It is in charge of raising general brand awareness and directing new and returning customers to a business's goods or services.
A common organization for a marketing department includes a head, many managers, and specialized teams of marketing experts.
The marketing president (marketing vice president), also referred to as the marketing director, is one member of the marketing department staff.
He is in charge of organizing the marketing plan.
Three categories of big data—customer, financial, and operational—interest marketers.
Typically, several sources and locations are used to collect and store each type of data.
Customer information aids marketers in identifying their target market.
Data kinds including advertising, sales, and promotions are frequently found in the marketing division.
Therefore, in the marketing division, data types like advertising, sales, and promotions are regularly encountered.
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Correct question:
What data types are typically found in the marketing department?
Many of mexico's factories are found near the border it shares with the united states. manufacturing is a significant part of mexico's growing economy. What is the most likely advantage of locating manufacturing centers near the mexico-united states border?
The close proximity of Mexico to the US reduces expenses while increasing revenues. Businesses close to the border with Mexico can save money on shipping and freight compared to operations abroad.
What are the advantages of locating manufacturing centers?Mexico's near proximity to the United States lowers costs while raising profits. Businesses near the U.S.
Mexico border can benefit from lower shipping and freight expenses compared to those of a foreign operation.
By integrating American cutting-edge technology with less expensive labor and supplies from Mexico, American businesses are able to compete more successfully in global markets.
Mexican wages are lower than those in several Asian nations.
In terms of labor costs, the typical business can save close to $1 million annually.
The establishment of maquiladoras for Mexico as well as any border communities or states where they may be placed has several advantages, the most important of which is economic gain.
Therefore, the close proximity of Mexico to the US reduces expenses while increasing revenues. Businesses close to the border with Mexico can save money on shipping and freight compared to operations abroad.
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What is the toll road?
A roadway, or segment of a highway, that requires users to pay to use it for maintenance and upkeep is known as a toll road. Toll roads are frequently speedier and less crowded options.
Since antiquity, there have been toll roads in some shape or form. Before the invention of the automobile, tolls were collected from passing travelers using foot, wagon, or horseback. Nowadays, many tollways only collect money from motor vehicles. Freight trucks are frequently paid greater rates than cars, with the amount of the toll typically varying by vehicle type, weight, or the number of axles.
At toll plazas, toll booths, toll houses, toll stations, toll bars, toll barriers, or toll gates, tolls are frequently collected. Some toll-collecting locations are automatic; after paying the necessary toll, the user inserts money into a machine that opens the gate.
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Supply curves tend to be more ________ the more time producers have to adjust to price changes.
Supply curves tend to be more price elastic more time the producers have to adjust to price changes.
What are supply curves?Supply curves are graphical representations of the relationship between the quantity of a good or service that producers are willing and able to offer for sale and the price of that good or service. As the price of a good or service increases, the quantity supplied increases, and as the price decreases, the quantity supplied decreases. The shape of the supply curve indicates the degree of responsiveness of producers to changes in price, with a steeper curve indicating less responsiveness, and a flatter curve indicating more responsiveness. Factors that can shift the supply curve include changes in production costs, technology, and the number of producers in the market. Supply curves are important tools for understanding the behavior of producers in a market economy.
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The perceived demand for monopolistic competitor a. disregards competitors b. takes competitors into account c. is flat d. Is steep
The apparent interest for monopolistic competitor b. considers competitor .While this has all the earmarks of being moderately direct, the state of the interest .
What ends up requesting in monopolistic competitor?The interest bend of a monopolistic competitor market slants descending. This intends that as cost diminishes, the amount requested for that great increments. While this has all the earmarks of being moderately direct, the state of the interest bend has a few significant ramifications for firms in a monopolistic cutthroat market. Three circumstances describe a monopolistically serious market. To start with, the market has many firms, none of which is enormous. Second, there is free section and exit into the market; there are no hindrances to passage or exit. Third, each firm in the market creates a separated item. The apparent interest bend shows the expansion in amount requested of a result of a firm when a firm reduces down its cost given others keep their costs at the current level.
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In a new worksheet, what's the correct formula to reference Cell A1 from the ALPHA worksheet? =ALPHA?A1 =A1 ="ALPHA"A1 =ALPHA!A1 ='ALPHA'A1
The correct formula to reference Cell A1 from the ALPHA worksheet is: ='ALPHA'!A1.
The right recipe to reference Cell A1 from the ALPHA worksheet would be ='ALPHA'!A1. This recipe utilizes the punctuations to indicate the worksheet name (ALPHA) and the interjection imprint to isolate the worksheet name from the cell reference (A1). By remembering these characters for the recipe, you can reference a particular cell in another worksheet. This can be helpful for pulling information starting with one worksheet then onto the next or performing estimations across various worksheets.
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What is the underlying rationale for the lower-of-cost-or-market rule?-the materiality constraint-the conservatism constraint-the economic entity assumption-the historical cost principle
The underlying rationale for the lower-of-cost-or-market rule is the conservatism constraint.
The lower-of-cost-or-market rule is based on the principle of conservatism. This rule states that an asset's value should not be reported at a higher value than its current market value, as this would lead to an overstatement of the asset's worth.
The underlying rationale for this rule is that it helps to ensure that the financial statements of a business are not overstated, providing a more accurate picture of the company's financial position.
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The three main ways to end a partnership are: bankruptcy, dissociation, and winding up.
Responses
True
False
A consumer group is interested in estimating the proportion of packages of ground beef.
384 packages of ground beef should be tested to estimate the proportion to within 0.05 with 95% confidence.
The sample size required to estimate the proportion of packages of ground beef with an actual fat content exceeding the fat content stated on the label can be calculated using the formula
n= (z^2*p*q)/(E^2)
where n is the sample size, z is the z-score, p is the estimated proportion, q is 1-p, and E is the margin of error. In this case, z=1.96 for 95% confidence, p is estimated to be 0.5, q is 0.5, and E is 0.05.
Plugging these values into the formula gives us a sample size of 384 packages. Therefore, 384 packages of ground beef should be tested to estimate the proportion to within 0.05 with 95% confidence.
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Is prepaid rent a current asset?
Prepaid rent is an asset because the prepaid amount can be used in the future to reduce rent expenses when incurred.
An asset refers to any resource that a company owns or controls that has the potential to provide economic value in the future. Assets can be tangible, such as property, equipment, or inventory, or intangible, such as patents, trademarks, or goodwill.
Assets are a critical component of a company's financial health, as they represent the value that the company holds and can be used to generate revenue. They can also be used to secure loans or other forms of financing.
It is essential for businesses to manage their assets effectively to ensure that they are generating the maximum possible return on their investments. This involves tracking the value of assets over time, identifying opportunities for improvement or optimization, and making strategic decisions about how to allocate resources.
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how much mexico gdp per capita ?
In the latest reports, Mexico GDP expanded 4.317 % YoY in Sep 2022. · Mexico Nominal GDP reached 357.913 USD bn in Sep 2022.
The GDP per capita of Mexico is $9,009 USD. This is the gross domestic product (GDP) divided by the population of the country. GDP is the value of all final goods and services produced within a country in a given period of time.
Per capita means per person, so GDP per capita is the average amount of money each person in the country earns. This is a useful measure to compare the economic well-being of different countries or regions.
To calculate GDP per capita, you simply divide the GDP by the population.
For example, if the GDP of Mexico is $1.2 trillion USD and the population is 133.4 million people, then the GDP per capita would be:
$1.2 trillion USD / 133.4 million people = $9,009 USD per person
This is the average amount of money each person in Mexico earns in a year. It is important to note that this is just an average and there may be significant differences in income between different regions or groups within the country.
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The mission statement of Amazon is ?
The mission statement of Amazon is "to be Earth's most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices."
This mission statement emphasizes the company's focus on providing excellent customer service and offering a wide variety of products at competitive prices. Amazon's mission statement also reflects its commitment to constantly improving and innovating in order to meet the changing needs of its customers.
By focusing on these key areas, Amazon aims to become the go-to destination for online shopping and to maintain its position as a leader in the e-commerce industry.
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True/False. the convention on combating bribery of foreign public officials in international business transactions obliges member states to make payments to expedite routine government action a criminal offense.
Member nations are obligated under the convention on combatting bribery of foreign public officials in international commercial transactions to make payments to speed up ordinary government activity a crime. This statement is true.
The Convention on Combating Bribery of Foreign Public Officials in International Business Transactions requires member states to make payments to expedite routine government actions a criminal offense.
The Convention is a legally binding instrument, ratified by 44 countries, that aims to combat the bribery of foreign public officials in international business transactions. The Convention provides specific guidelines to member states to prevent, detect, and investigate bribery of foreign public officials in international business transactions, and to ensure sanctions are in place to address such conduct.
The Convention also provides for regular monitoring and review of member states' implementation of the Convention's provisions, including the criminalization of facilitation payments.
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TRUE OR FALSEIf demand for a product is price elastic and the price increases, total revenue will decrease.If demand for a product is price inelastic and the price decreases, total revenue will decrease.
The statement "If demand for a product is price elastic and the price increases, total revenue will decrease" is true. If demand is price elastic, it means that the quantity demanded is highly responsive to changes in price.
When the price of a product increases, the quantity demanded decreases significantly, leading to a decrease in total revenue. The statement "If demand for a product is price inelastic and the price decreases, total revenue will decrease" is false. If demand is price inelastic, it means that the quantity demanded is not very responsive to changes in price.
When the price of a product decreases, the quantity demanded may only change slightly, leading to a small change in total revenue. In some cases, a decrease in price may actually increase total revenue, as the increase in quantity demanded more than compensates for the decrease in price.
It's important to note that the relationship between price, quantity demanded, and total revenue is not always straightforward and can depend on various factors, such as the availability of substitutes, consumer preferences, and the type of goods being sold.
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Marlene routinely volunteers to organize the company holiday party and summer picnic. Marlene demonstrates a high level of Question 24 options: a) organizational citizenship behaviors. b) job performance. c) self-importance. d) insecurity and the need for social acceptance.
Marlene routinely of volunteers to the organize the company holiday party and the summer picnic. Marlene demonstrates a high level of "self-importance". The correct option is C.
The volunteers are referred to those individuals who offers or agree to do the work without paid or incentives. They can be contributed their knowledge and doing the hard working to understand the work of charity as close to be understand the process of skills and deep things.
The volunteers are the person who performs their work activity or to perform their volunteer services. Marlene routinely of volunteers to the organize the company holiday party and the summer picnic. Marlene demonstrates a high level of self importance.
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What is the primary purpose of the basic economic order quantity model shown below?
Q* = (Square Root) of 2DS/H
A) to calculate the reorder point, so that replenishments take place at the proper time
B) to minimize the sum of carrying cost and holding cost
C) to maximize the customer service level
D) to minimize the sum of setup cost and holding cost
E) to calculate the optimum safety stock
D) to minimize the sum of setup cost and holding cost
Considering the available options and the concept of the economic order quantity model, the primary purpose of the equation is to minimize the sum of setup cost and holding cost
What is Economic Order Quantity?The basic economic order quantity is the formula that was developed by engineer Ford Whitman Harris in a paper published in 1913.
Generally, EOQ is used to develop a production-scheduling system that allows firms to order inventory systematically.
Also, the economic order quantity model's sole purpose is to keep holding and carrying costs low. Maintaining inventory can be costly and the EOQ establishes the optimal quantity needed to keep inventory costs low.
Hence, in this case, it is concluded that the correct answer is option D.
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A cost that changes in proportion to changes in volume of activity is a(n):
A cost that changes in proportion to changes in the volume of activity is variable. Variable costs are expenses that vary with the output or sales volume level, meaning that the cost will increase or decrease in proportion to the increase or decrease in the activity level.
Examples of variable costs in a business include raw materials, direct labor, commissions, and shipping costs. As production or sales increase, variable costs increase, and as production or sales decrease, variable costs decrease.
This makes variable costs an important consideration for businesses when forecasting costs and setting prices, as changes in sales volume will directly impact the level of variable costs.
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Which account does a merchandiser use that a service company does not use?
Sales revenue is the account a merchandiser use that a service company does not use.
What is sales revenue account?
It serves as the primary revenue account for industrial and retail businesses. Sales discounts is a contra-revenue account that shows a reduction in the price that customers received for paying in advance. It is deducted from Sales on the income summary.
The assets made by a company's operations and business actions are its revenues. To put it another way, revenues comprise the money or receivables a business receives from the selling of its products or services. The revenue account has a credit amount and is an equity account. Therefore, a credit to the revenue T-account results in a rise in the account balance.
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