Costs incurred regardless of the number of units of a product that are produced or sold are called:a. controllable costs.
b. variable costs.
c. fixed costs.
d. mixed costs.

Answers

Answer 1
Answer:

C. Fixed Costs. Fixed costs are incurred regardless of the number of units of a product are produced or sold on a given period. Fixed costs are expenses incurred and remain unchanged within a relevant period. These costs are fixed in relation to the quantity of production for a certain period.

Answer 2
Answer:

c. fixed costs.

Fixed costs are business expenses that don't depend upon the extent of products or services produced by the business. These expenses are time-related, like salaries or rental expenses that are paid monthly, and are often spoken as additional expenses.

Further explanation

In economics, fixed costs are business expenses that don't depend upon the extent of products or services produced by the business. These expenses are time-related, like salaries or rental expenses that are paid monthly, and are often spoken as additional expenses. This differs from variable costs associated with volume (and is paid per goods/services produced).

In management accounting, fixed costs are defined as unchanging distribution as a function of the activities of a business within the same period. for instance, a retailer must pay bills for rent and facilities notwithstanding the sale.

Together with variable costs, fixed costs form one in all two components of total costs: total costs capable fixed costs plus variable costs.

Variable costs are costs that change proportionally to business activities. Variable costs are the entire marginal costs of all units produced. this will even be considered normal costs.

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Details

Class: High School

Subject: Business

Keywords: fixed, variable, costs


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"A client has been involuntarily committed to a hospital because he has been assessed as being dangerous to self or others. The client has lost which right?"

Answers

Answer:

The right to leave the hospital against medical advice

Explanation:

A patient (or relative in charge, if patient is unconscious) always has full freedom to make a decision on their health, for example leaving the hospital or rejecting an exam, even if it goes against what the doctor treating him advice, this applies as long as the patient can make an informed decision, for this the patient needs to be mentally available and physically able to demonstrate awareness of the situation and mental stability.

If a patient is having mental issues and is not able to understand or process the information given that the patient is deprived of the right to leave the hospital against medical advice, especially if the patient is dangerous as they could cause problems.

Your business uses the allowance method to account for uncollectible receivables. At the beginning of the​ year, Allowance for uncollectible accounts had a credit balance of $ 1 comma 000. During the year you wrote off bad receivables of $ 2 comma 400 and recorded Bad debt expense of $ 2 comma 300. What is your​ year-end balance in Allowance for uncollectible​ accounts?

Answers

Answer: 900

Explanation:

Answer is 900 because if we draw allowance ledger account in statement form i.e

Brought down allowance : 1000

Bad debt expense 2300

Written off receivables (2400)

Balance- year end 900

In your opinion ,what is the correct priority in making a business decision?#1 personel integrity,organizational values,profit..
#2 Organizational values, profit, personal integrity.
#3 Profit, Organizational values,personal integrity.
#4 Organizational values, personal integrity, profit.
#5 none of the above

Answers

Answer:

#3 Profit, Organizational values,personal integrity.

Explanation:

The number one priority when making a business decision is profit at the beginning of every venture, making the order to be Profit, Organizational values,personal integrity. TThe organization principles always go first than the individual and must influence personal integrity, this strategy will secure long term profits and sustainability

In my personal opinion, the correct priority in making a business decision is is priority number 3, Profit - Organization Values - Personal Integrity

The main purpose of doing a business is Profit. If you're doing something for the benefit of others, you could call it charity or donations, but not a business.

interview any local business owner and request him/her to identity any business problem that they are experiencing

Answers

I just interviewed a local Taxi service provider

Basically, one of the problems that they're facing today is the development of an individual public vehicles provided by tech company such as Uber. He said that it greatly decrease their market shares and cut off their profits up to half of it

What are needs?A. Emotions that are related to the features and benefits of a product or service
B. The desires and fears of a particular target market
C. Things that people consider necessary to maintain their lifestyle or quality of life
D. Things that people want to have in order to be happy and feel good

Answers

Answer:

c. Things that people consider necessary to maintain their lifestyle or quality of life.

Explanation:

The answer would be C

Which statement is not true?(A) Current assets are normally reported in order of their liquidity.
(B) Disclosures related to receivables are reported in the financial statement notes.
(C) Cash and cash equivalents are the first items reported under Current assets.
(D) All receivables that are expected to be realized in cash beyond 265 days are reported in the Noncurrent assets section.

Answers

Answer: The following statement is not true:  All receivables that are expected to be realized in cash beyond 265 days are reported in the Non-current assets section.

The following statement in it's true form would be where all Receivables are anticipated to be accomplished in cash after 365 days, then they are  reported in section of the non-current assets.

Final answer:

The correct answer is (D) All receivables that are expected to be realized in cash beyond 265 days are reported in the Noncurrent assets section.

Explanation:

The correct answer is (D) All receivables that are expected to be realized in cash beyond 265 days are reported in the Noncurrent assets section.

On a balance sheet, current assets are normally reported in order of their liquidity, with cash and cash equivalents being the first items reported under current assets. Disclosures related to receivables are typically included in the financial statement notes.

However, receivables that are expected to be realized in cash beyond 265 days are reported in the noncurrent assets section. Noncurrent assets are those that are expected to provide economic benefit beyond one year or the operating cycle, whichever is longer.

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