If a firm's revenues do not cover its average variable costs, then that firm has reached its _________________ . price taking point shutdown point marginal point opportunity margin

The Income Statement is one of a company's core financial statements that shows their profit and loss over a period of time, Income Statement of Longhorn corporation is given in the explanation part.

Financial information is used by investors and financial analysts to assess a company's performance and forecast the course of its stock price in the future. The annual report, which includes the company's financial statements, is one of the most significant sources of trustworthy and audited financial data.

Investors, market analysts, and creditors assess a company's financial health and earnings potential using its financial statements. The balance sheet, income statement, and statement of cash flows are the three primary financial statement reports.

                                     LONGHORN CORPORATION

                                              Income Statement

                                   For the year ended Dec. 31, 2021

Service Revenue                                                      $63,700

Expenses:    

  Cost of Goods Sold                              $52,600  

  Salaries Expense                              $4,700  

  Delivery Expense                              $1,800  

Total expenses        [$52,600 + $4,700 + $1,800]     $59,100

Net income              [$63,700 - $59,100]                $4,600

Learn more about Income Statement

https://brainly.com/question/15169974

#SPJ4

Complete question:

Answer:

1- The Land account is increased on the left side of its T-account

2- The Land account is used to record the costs of land purchased by the business

3- The Land account is an asset

Explanation:

The transaction would be recorded by debiting the "Accounts Payable" account and crediting the "Supplies" account in the general ledger.

When a company purchases something on credit, the transaction is recorded by debiting the "Accounts Payable" account and crediting the relevant asset account in the general ledger. This is because, when a company purchases something on credit, it is incurring a liability, which is an obligation to pay the supplier in the future. The debit to Accounts Payable records this liability, while the credit to the relevant asset account records the increase in the company's assets. The process of recording credit purchase transactions in the accounting system is important to keep track of the company's liability and assets.

The transaction would be recorded by debiting the "Accounts Payable" account and crediting the "Supplies" account in the general ledger. The debit to Accounts Payable increases the amount the company owes to its suppliers, while the credit to Supplies increases the company's assets.

This is because, when a company purchases supplies on credit, it is incurring a liability, which is an obligation to pay the supplier in the future. The debit to Accounts Payable records this liability, while the credit to Supplies records the increase in the company's assets.

To know more about debit visit : https://brainly.com/question/12269231

#SPJ4

Behave as you would in an in-person meeting

Sit up straight and pay attention. Try to appear at/near the digicam when speaking.

Avoid searching at different screens, until you're looking up some thing that's relevant to the dialog subject at hand.

Research suggests that most humans make a first impact of a individual inside 7 seconds. Experiments through Princeton researchers even propose that human beings can make correct judgments of others within 1/10 of a second.

A person's appearance, clothes, physique language, manners, and the way they speak all contribute to first impressions.

Learn more about great first impression here:

The least expensive of the three combinations, this one's transportation costs come to $3. In order to reduce the expense of interdepartmental transit, this is the optimal location for each department.

Calculate the total cost of transportation for each department combination.

X-Y: (1 * 0.50) + (4 * 0.50) = $3

X-Z: (2 * 0.50) + (5 * 0.50) = $4

Y-Z: (3 * 0.50) + (6 * 0.50) = $5

Distances (meters)

From/To I II III

I - 10 20

II  - 10

III   -

Flows (loads per week)

From/To X Y Z

X - 0 80

Y 30 - 150

Z 100 130 -"

Therefore, the total cost of transportation for this combination is $3, which is the lowest of the three combinations. Therefore, this is the best location for each department to minimize interdepartmental transportation costs.

To know more about cost here

https://brainly.com/question/30045916

#SPJ4

The question is incomplete, the complete question is:

"A company needs to locate three departments (X, Y, and Z) in the three areas (I, II, and III) of a new facility. They want to minimize interdepartmental transportation costs, which are expected to be $.50 per load meter moved. An analyst has prepared the following flow and distance matrices:

Choose the combination with the lowest cost to determine the best location for each department.

X: Area I

Y: Area II

Z: Area III

Commitment is an important part of life, whether it’s in relationships, work, or other forms of life.

What is commitment?

Commitment is an act of dedicating yourself to a task or goal with enthusiasm and determination. It involves making a promise or pledge to yourself or to someone else to carry out a certain action. Commitment often requires hard work and dedication to achieve your goals.

The ability to be committed to something is seen as a sign of strength and resilience, but it can also be a source of danger. Commitment can sometimes turn into blind loyalty, where one is so devoted to a task, cause, or person that they ignore any potential warning signs that they should reconsider their commitment. This can lead to a variety of unfortunate outcomes, and it’s important to be aware of the risks of blindly committing to something.

I myself have experienced this issue. A few years ago, I was in a relationship with someone who I was deeply committed to. We had been together for a few years, and I was completely devoted to them, to the point where I was ignoring any potential warning signs that the relationship wasn’t healthy. I was committed to making it work, no matter what. Unfortunately, this commitment eventually led me to be in a toxic relationship for much longer than I should have been. I was so loyal to this person that I ignored all the red flags that should have told me that the relationship was no longer healthy for me. In the end, it took me a long time to get out of this relationship and move on, and it’s something I regret to this day.

This experience taught me the importance of being aware of the risks of blindly committing to something. It’s important to remember that commitment doesn’t always mean loyalty, and that it’s okay to take a step back and reassess the situation if something doesn’t feel right. Commitment is a valuable part of life, but it’s important to be aware of the potential risks that come with it. Blind loyalty can lead to serious consequences, and it’s important to stay aware and make sure you’re not ignoring any potential signs of danger.

To know more about commitment,

https://brainly.com/question/9283523

#SPJ4

If the facts were different and Evander's religion required him to take a break at noon every day to take illegal drugs, the state would likely have a compelling interest in decreasing illegal drug activity and the attendant criminal behavior.

This interest could justify violating Evander's religious freedom if the regulation is the only way to meet that government objective. The court would likely consider the state's reasons sufficient and find that the regulation is necessary in order to protect public safety and reduce criminal activity. Criminal behavior is defined as any conduct that is banned by any criminal laws, whether federal, state, or municipal, irrespective of whether an arrest or conviction has occurred and without fulfilling the threshold of evidence for a felony conviction. Criminal activity or a contravention of a local ordinance occurring in the rented property or on the grounds that is primarily connected to domestic violence or sexual violence, committed by a tenant, member of a tenant's residence, visitors, or other party, and committed against a leaseholder, member of the household, guest, or other party.

Learn more about criminal behavior here:

https://brainly.com/question/29847140

#SPJ4

Since Boeing is rolling out a new marketing campaign. The new campaign will start in time for the airlines’ annual planning process, in the second half of the year. Boeing’s marketing plans are short term.

In Business management, a business plan can be defined as a formally written document that consist of a detailed information on how a business, usually a startup, is to be run and managed, including its objectives, vision, aims, and how an entrepreneur (owner) should achieve its goals in a short term or long term period.

In Business management, marketing can be defined as a strategic process which typically involves developing promotional techniques and sales strategies by a business firm to enhance the availability of goods (products) and services, in order to meet the unending needs of the end users or consumers through advertising and market research.

In this scenario, we can reasonably infer and logically deduce that Boeing’s new marketing campaign are short term because it would only kick-start in the second half of the year

Read more on business plan here: brainly.com/question/1958071

#SPJ1

If a client has lump sum amounts at his or her disposal, or is ready to pay into a savings plan to accumulate that lump sum, an agent would recommend an immediate annuity.

An immediate payment annuity is a contract between an individual and an insurance company that guarantees income to the owner, or annuitant, beginning almost immediately.

It differs from a deferred annuity in that payments begin at a future date specified by the annuity owner. A single-premium immediate annuity (SPIA), an income annuity, or simply an immediate annuity is another name for an immediate payment annuity.

Read more about immediate annuity

brainly.com/question/28412062

#SPJ1

Answer:

Debit accounts receivable $2600

Credit service revenue $2600

No journal entry required

Explanation:

The accounts being charged are the accounts receivable and

= a$. The Intermediate Value Theorem may be utilized as evidence in this scenario.

The intermediate value issues regarding that if a function f(x) is continuous on the range [a, b], then for each y-value between f(a) and f(b), there exists a commensurate x-value in the range (a, b). If, however, f(x) is continuous on [a, b], then it must accept all values between f(a) and f (b). Recall that an allows customers has a graph that may be drawn without the need for a pencil.

According to question:

The Intermediate Value Theorem states that for each value of $y$ between 0 and 1, there appears some $x$ in $[0,1]$ such that $f(x) = y$. This is due to $f$ is continuous on $[0,1]$ and $f(0) = 0 and $f(1) = 1$. To be more specific, if we assume that $y = x$, then we get $f(x) = x$, which connotes that $x$ is a fixed point of $f$. In light of the fact that $y$ can take on any value between 0 and 1, we have verified the presence of at least one fixed point for $f$ in the range of $[0,1].

To know more about Intermediate Value Theorem visit:

https://brainly.com/question/29712240

#SPJ4

Social security tax is calculated on (d) employee earnings up to a maximum paid in a calendar year.

If you are still working in retirement, you could have to pay taxes on your Social Security income. If your yearly personal income is between $25,000 and $34,000, you may be forced to pay up to 50% in taxes on your Social Security benefits. If your income is higher than $34,000, you might have to pay up to 85% of it. To lower your tax, you can lower your income, move income-producing assets to an IRA, withdraw less money from retirement accounts, and contribute the necessary minimum distribution.

To learn more about social security, here;

https://brainly.com/question/29969837

#SPJ4

The total of each customer's desire for a given product on the market is referred to as the market demand.

What is zero, irregular, overfull, latent, full demand?

To learn more about market demand refer to:

https://brainly.com/question/29796376

#SPJ1

Market demand refers to the amount of a product or service that people are willing and able to buy at a given price. Different products have different market demands.

In this question, we need to connect the product to its market demand. The five types of market demands are zero demand, irregular demand, overfull demand, latent demand, and full demand.Zero Demand - This type of market demand occurs when there is no demand for the product, and consumers are not interested in purchasing it. For example, if a new brand of a product is launched in the market that nobody has ever heard about before, it might face zero demand.Irregular Demand - This type of demand occurs when there is an inconsistent demand for the product due to external factors. For example, the demand for an umbrella is more during the rainy season than in other seasons.Overfull Demand - This type of market demand occurs when the demand for a product exceeds the available supply. For example, iPhones are often in high demand during the holiday season, and sometimes stores run out of stock.Latent Demand - This type of demand occurs when consumers are interested in buying a product but cannot do so due to unavailability or other factors. For example, if a particular brand of smartphones is not available in a particular country, consumers may have latent demand for that brand.Full Demand - This type of demand occurs when the demand for a product equals the available supply. In such cases, there is a balance between demand and supply. This type of demand is desirable for most businesses as it helps them maximize their profits.

To know more about demand visit;

brainly.com/question/30402955

#SPJ11

It is a point at which there is no tendency for change is a true statement about equilibrium.

Option 3 is correct.

The equilibrium market price must match the quantity of the goods desired and delivered. An economy is said to be in equilibrium when all of its forces are in harmony. Economic variables basically remain at their equilibrium levels in the absence of external influences.

Economic equilibrium and market equilibrium are distinct concepts. There is neither a shortage nor a surplus on the market when a product is in equilibrium. The quantity of a good that consumers want to purchase is equal to the quantity that its manufacturers are supplying when supply and demand meet.

which of the following is true about equilibrium?

1. it is a concept used only in economics.

2. it occurs where supply equals demand.

3. it is a point at which there is no tendency for change.

4. economists use it only in the supply and demand model.

5. it can occur when there is either a shortage or a surplus.

Learn more about equilibrium:

brainly.com/question/26075805

#SPJ4

After all closing postings are completed, all income and expenses are transferred to the retained earnings account, resulting in a balance of $0.

Option A is correct.

An income statement shows the income, expenses, and profitability of a company for a specified period. It is also sometimes referred to as the Income Statement (P&L) or Income Statement. it shows you: Revenue from sales of products or services. Expenditure to generate revenue and manage the business.

The purpose of an income statement is to provide investors, creditors, and readers with financial information about whether the company is profitable during the financial year. In the context of corporate finance, an income statement is a record of a company's profits and losses over the course of a financial year.

Question is incomplete. Missing options are:

The income statement for the year 2014 of Fugazi Co. contains the following information:

Revenues $70,000,Expenses:,Salaries and Wages Expense $45,000, Rent Expense 12,000, Advertising Expense 10,000, Supplies Expense 6,000 , Utilities Expense 2,500, Insurance Expense 2,000, Total expenses 77,500, Net income (loss) $ (7,500)

After all closing entries have been posted, the revenue account will have a balance of

a. $0.

b. $70,000 credit.

c. $70,000 debit.

d. $7,500 credit.

Learn more about income statement:

brainly.com/question/15169974

#SPJ4

"According to some textbook and writing theories, there are multiple stages of composition, for both experienced and novice writers, but these stages are not always separate and distinct tasks. "The given statement is true .

The reason for the given statement being true is that writing process can be nonlinear and recursive, meaning that writers may move back and forth between stages as they work on a piece of writing. Additionally, some stages may overlap or occur simultaneously.

Hence the above statement is true.

To know more about textbook here

https://brainly.com/question/14788481

#SPJ4

On Nov.1, Lyons Company pays $2,400 cash for supplies. T-accounts to record this transaction by supplies would be debited, and Cash would be credited.

The term "company" refers to legal entities that are lawfully registered under the Company Act. The company's major goal is to increase profits while maintaining goodwill. With the assistance of management, the organization was flawlessly run. Employees are compensated by the company.

According to the Nov.1, Lyons Company was the pays on the transaction are the based on the debited and the credited. The Lyons Company transaction by supplies would be debited, and Cash would be credited.

As a result, the Lyons Company pays $2,400 cash for supplies as the significance was the aforementioned.

Learn more about on company, here:

https://brainly.com/question/29354835

#SPJ1

Talking with buyers rather than talking at buyers is critical to success in selling. Because talking with buyers give truth and right customer feedback to the salesperson.

The selling is the method in which performed in the marketplace to sell the products or services which is manufactured from the one company and sells to the retailer, broker, shareholder and directly consumers.

The example of using a a real-life personal example to build the relationship with customer to improvement in the product and get right customer feedback. So, that to make more sales and interactive information about the buying and selling. To do this, communication is needed and updating the product for achieving the customer expectation.

To know more about selling here,

https://brainly.com/question/22521384

#SPJ4

In niche market, Harley-Davidson concentrates its efforts and resources, constrained area of market. The limited size of niche market, however, reduce likelihood of obtaining high profit which is disadvantage of market.

A market sector known as a niche market has its own particular needs or preferences. These requirements may result from the buyer's spending limit, geography, interests, attitude toward the goods, or other considerations. Due to the fact that they have specific wants that aren't frequently met by the competition, customers in these specialized niche industries tend to be more loyal to small enterprises. Because of this, they might be a more receptive target market for your chosen niche product. In online business, niche markets are prevalent worldwide. Almost every bigger market you can sell to includes a few niche products that appeal to a small but devoted group and require less marketing work on your part.

To learn about niche market, visit:

https://brainly.com/question/5944471

#SPJ1

Answer:

Identification, measurement, analysis, interpretation, and communication of financial information to managers for the pursuit of an organization's objectives are all part of managerial accounting. Because its intended use is to support users within the company in making informed business choices, management accounting differs from financial accounting.

In managerial accounting, financial data is presented for internal use so that management can use it to make important company decisions. In contrast to financial accounting, managerial accounting techniques are not constrained by accounting rules.

The way management accounting data is presented can be changed to suit the demands of the end user. Product costing, budgeting, forecasting, and numerous financial analyses are all included in managerial accounting, which covers a broad range of accounting topics. Financial accounting creates and distributes official financial statements that are meant for the general public and adhere to accepted accounting standards.

to know more about managerial accounting, see

https://brainly.com/question/21597572

Answer:

Identification, measurement, analysis, interpretation, and communication of financial information to managers for the pursuit of an organization's objectives are all part of managerial accounting. Because its intended use is to support users within the company in making informed business choices, management accounting differs from financial accounting.

In managerial accounting, financial data is presented for internal use so that management can use it to make important company decisions. In contrast to financial accounting, managerial accounting techniques are not constrained by accounting rules.

The way management accounting data is presented can be changed to suit the demands of the end user. Product costing, budgeting, forecasting, and numerous financial analyses are all included in managerial accounting, which covers a broad range of accounting topics. Financial accounting creates and distributes official financial statements that are meant for the general public and adhere to accepted accounting standards.

The cost of marker basket of goods in 2010 and 2015 2010: $200 +$75 +$25= $300 2015: $250 + $110+ $30=$390

The amount of money required to create, market, and sell goods and services or to buy assets is referred to as the cost. When something is sold or consumed, a cost is added to the costs. In the event of an asset, the expense charge may be delayed for a long period. When a company markets itself as the sector's least expensive manufacturer or supplier of a particular commodity or service, the phrase "cost leadership" is employed. Implementing the plan is difficult since management must constantly work to lower costs at every level to stay competitive. As a result, a cost's nature determines the category of expense to which it is finally assigned.

To learn more about cost refer here:

https://brainly.com/question/17313965

#SPJ4

The lowest term of the given fraction 18 /12 is 37/2.

An element of a whole is a fraction.

The number is represented mathematically as a quotient, where the numerator and denominator are split.

Both are integers in a simple fraction.

A fraction appears in the numerator or denominator of a complex fraction.

The numerator of a proper fraction is less than the denominator.

So, we have the fraction:

18 1/2

Now, convert t in the lowest term as follows:

18 1/2

2(18)+1/2

36+1/2

37/2

Therefore, the lowest term of the given fraction 18 /12 is 37/2.

Know more about Fractions here:

https://brainly.com/question/78672

#SPJ1

Correct question:

18 1/2 to a fraction and reduce to the lowest term?

Therefore option C is the correct option.

Consumer surplus is the difference between the price a consumer is willing to pay and the price they actually pay.

Consumer surplus refers to the circumstance when a customer would be willing to pay more for a product but actually pays less, or at a lower price than he would be prepared to pay.

For instance, a customer could be prepared to spend $5 for a magazine but discover that it costs $4 in the mall. The price he is willing to pay less the cost of what he already purchased will be the consumer surplus.

Customer excess = $5 – $4

=$1

Consumer surplus is the discrepancy between a consumer's willing price and the actual price they pay (lesser than the willing price). The consumer benefits since they spend less than what is anticipated for the same level of satisfaction.

The region between the equilibrium price and the demand curve on a supply and demand curve represents consumer surplus.

For such more question on Consumer surplus

https://brainly.com/question/13573671

#SPJ4

The correct option is C. Consumer surplus is  The value consumers get from a good but do not pay for.

A customer is someone or a set who intends to order or uses purchased items, products, or services commonly for personal, social, family, family, and comparable needs, who isn't always immediately associated with entrepreneurial or business activities. The time period maximum usually refers to someone who purchases goods and services for non-public use.

The law generally uses a perception of the client in terms of patron safety legal guidelines, and the definition of consumer is often restricted to living folks (now not companies or businesses) and excludes industrial customers. an ordinary criminal motive for protecting the consumer is based totally on the perception of policing marketplace disasters and inefficiencies, together with inequalities of bargaining strength between a customer and a business. As all capacity citizens are also consumers, patron safety has a clean political importance.

To learn more about Consumers visit here:

brainly.com/question/13420317

#SPJ4

The retirement of debt by issuing stock and  lease of assets in a long-term lease transaction are classified as noncash investing and financing activities.

The noncash investing is the investing in which the use of financial tools other than cash to make an investment or purchase. The noncash investing include the spending of the taking out a loan or signing a note payable.

The noncash investing is the zero net reduction of cash during the investing and it is the most big advantage for the non cash reduction investment. The lease of assets in a long-term lease transaction are classified as noncash investing and financing activities.

To know more about noncash investing here,

https://brainly.com/question/28149323

#SPJ4

Credit risk is the possibility of a loss as a result of a borrower's failure to repay a loan or meet contractual obligations. It traditionally refers to the risk that a lender will not receive the owed principal & interest, resulting in a disruption in cash flows and higher collection costs.

There is a risk that borrowers will not repay mortgages, credit cards, or other types of loans. Similarly, if a company extends credit to a customer, the customer may fail to pay their invoices. Credit risk also refers to the possibility that a bond issuer will fail to make timely payments or that an insurance company will be unable to pay a claim.

Credit risks are calculated based on a borrower's overall ability to repay a loan in accordance with the terms of the original loan. Lenders consider the five Cs when assessing credit risk on a consumer loan: credit history, repayment capacity, capital, loan terms, and associated collateral.

Learn more about Credit risk

https://brainly.com/question/29430926

Answer:

109

Explanation:

math

You should go to dinner with your friend because the benefit of doing so is greater than the cost.

By dividing the total yearly benefits spending by the total annual salary spending, you can determine the average benefits load for all employees. The value of benefit is an estimation or projection, expressed in monetary or non-monetary terms, of the anticipated good outcomes or benefits of a planned activity, initiative, or program.

Given:

Expected cost = $50

Tip = 20% = (0.2 × $50) = $10

Round trip transportation = $15

Total cost = ($50 + $10 + $15) = $75

Benefit derived from going to dinner :

Value of meal = $30

Valuation of time spent = $50

Total value of benefit = ($30 + $50) = $80

Since, the benefits exceed the cost, $80 > $75

To learn more about value of benefit, visit:

https://brainly.com/question/29840248

#SPJ4

The statement regarding the risk-return relationship is most accurate is Higher credit scores are associated with lower APRs.

What are Credit scores?

Based on information from your credit reports, a credit score predicts your credit behavior, such as how likely you are to repay a loan on time.

Your eligibility for a mortgage, credit card, vehicle loan, and other credit products, as well as for tenant screening and insurance, are all determined by credit scores. They are also used to calculate your credit limit and interest rate.

Your credit score is generated by businesses using a mathematical formula known as a scoring model and data from your credit report.

Despite variations depending on the credit scoring methodology, generally speaking, credit scores between 580 and 669 are regarded as acceptable, 670 to 739 as good, and 740 to 799 as very good; and 800 and up are considered excellent.

To learn more on Credit scores from the link:

https://brainly.com/question/29548283

#SPJ4

True. Inflation does not reduce the purchasing power of most workers. Revenue from printing money; printing money cause inflation which is like a tax on everyone who holds money.

What is Inflation?

Price increases, or inflation, can be thought of as the gradual loss of purchasing power. The average price increase of a selection of products and services over time can serve as a proxy for the rate at which buying power declines. A unit of currency effectively buys less as a result of the increase in pricing, which is sometimes stated as a percentage. Deflation, which happens when prices fall and buying power rises, can be compared to inflation.

The objective of measuring inflation is to determine the overall effect of changes in price for a variety of goods and services. It enables a single value representation of the rise in the cost of goods and services over time in an economy.

To learn more on Inflation from the link:

https://brainly.com/question/8149429

#SPJ4