Your company incurs a cost for fire insurance, which, in the short run, is fixed. What happens to this cost in the long run? In the long run, the cost of fire insurance A. becomes a variable cost. B. becomes zero. C. becomes an accounting cost. D. becomes a nonmonetary opportunity cost. E. remains a fixed cost.
Answers
In the long run, the cost of fire insurance is likely to become a variable cost. In the short run, fixed costs are those that do not change regardless of the level of output or business activity.
Fire insurance is often considered a fixed cost because the premium remains constant over a specific period, such as a year, regardless of the business's operations.
However, in the long run, businesses have more flexibility to adjust their operations, including insurance coverage. They can reevaluate their insurance needs, explore different insurance providers, and negotiate different terms and coverage options. This flexibility allows them to treat the cost of fire insurance as a variable cost.
Variable costs, unlike fixed costs, vary with the level of activity or output. As businesses expand or contract their operations, they can adjust their insurance coverage accordingly. For example, if a company downsizes or closes certain facilities, it may reduce its fire insurance coverage and associated costs.
Therefore, in the long run, the cost of fire insurance is likely to become a variable cost that can be adjusted based on the business's needs and level of activity.
Learn more about variable cost at: brainly.com/question/31811001
#SPJ11
Related Questions
Describe entrepreneurship. How is it different than working for someone else?
How does entrepreneurship affect you? How does it affect the economy?
Answers
It is the study of process involved in identifying a business opportunity and acquiring the necessary resources to start and run the business
~It has created employment
~It has reduced rural-urban migration since some businesses have been set up in Rural areas.
~Saving imports since goods can be locally produced reducing the cost of importing them
~It has raised people's standard of living since one can acquire goods he/she can't produce
~The government can earn there revenue from taxation of the businesses set up by the entrepreneurs
The entrepreneur is the person involved in entrepreneurship.He/she can be the employer of his/her business.Thats what makes it different from being employed/working for someone else.We can say Bill Gates is an entrepreneur since he started Microsoft
Price $
190
|↑
110
89
A
D
$2
S1
Q millions of barrels
www.economicshelp org
What is the new equilibrium price for this product after the supply curve shift?
O 110
O 190
08
Answers
A price is the quantity of payment or compensation given by one party to another in return for goods or services.
What is the meaning of Price?A price is the sum of money that one party pays or receives in exchange for another's goods or services. The cost of production may go by another name in some circumstances. If a product is classified as a "good" in a commercial exchange, its price is most likely to be referred to as such.
Price simply refers to the value you fork out to get goods or services. It is not the same as the word cost. Cost is the total sum of the inputs used to produce a good, while value is the amount that goods or services are worth to the buyer.
Learn more about the Price heere:
https://brainly.com/question/8179312
#SPJ1
which document contains the rules and standards for representing a taxpayer?
Answers
The document that contains the rules and standards for representing a taxpayer is typically referred to as a "Power of Attorney" or "Authorization to Represent." It is a legal document that grants authority to an individual or entity to act on behalf of the taxpayer in matters related to their taxes.
In the United States, the Internal Revenue Service (IRS) uses Form 2848, "Power of Attorney and Declaration of Representative," to establish the representation authority. The taxpayer must complete and sign this form to authorize someone, such as a tax professional or attorney, to represent them before the IRS.
The Form 2848 includes information about the taxpayer, the representative(s) authorized to act on their behalf, and the specific tax matters for which representation is authorized. It outlines the rights and responsibilities of both the taxpayer and the representative, and it must be filed with the IRS to grant the representative the legal authority to represent the taxpayer.
Learn more about tax from
https://brainly.com/question/30157668
#SPJ11
why is it important to consider the annual fee when comparing credit card offers?
Answers
Answer:
Money of rewards need to be greater than annual fee. APR because it determines interest you pay on balance you carry.
Explanation:
is a physical count of items in inventory used to reduce the discrepancies between inventory records and the actual items on hand.
Answers
Answer:
Inventory cycle counting
Explanation:
Inventory cycle counting is a physical count of items in inventory used to reduce the discrepancies between inventory records and the actual items on hand.
Cycle counting is an inventory audit process. Under this process, a small part of the inventory is counted on a specific day. The purpose of cycle counting is the verification of inventory accuracy and identify and reduce inventory errors that occurs while recording the inventory.
As you move through your career and begin to seek promotions, it is helpful to ______. a. Target and train for specific career promotions which fit your needs b. Remain tied to traditional practices in a technologically advancing age c. Show commitment to always doing your job in the same way no matter what d. Compile your professional development and growth every ten years Please select the best answer from the choices provided.
Answers
Answer:
a.
Target and train for specific career promotions which fit your needs
Explanation:
Red Stone Creamery currently hires 5 workers. When it added a 6th worker, its output actually fell. Which of the following statements is true? A. The total product becomes negative. B. The average product of the sixth worker is negative C. The marginal product of the sixth worker must be negative. D. The sixth worker is not as skilled as the fifth worker
Answers
The correct statement is C. The marginal product of the sixth worker must be negative.
This means that when the company hired the sixth worker, its output actually fell.
The marginal product of labor (MPL) is the additional output produced when one additional unit of labor is employed in the theory of production. A negative marginal product of labor occurs when the total production falls when an additional unit of labor is employed.
The law of diminishing returns states that as additional units of a variable input are added to a fixed input, the marginal product of the variable input will eventually decrease.
In the given situation, if the firm hired the sixth worker, and the production decreased, then it is clear that the marginal product of the sixth worker must be negative.
The company should not hire more than five workers because after that point, the marginal product of labor starts decreasing. Therefore, statement C is the correct statement regarding the marginal product of the sixth worker in Red Stone Creamery.
To learn more about marginal product, refer below:
https://brainly.com/question/13623353
#SPJ11
define organic farming?
any 4 advantage of terrace farming?
Answers
Explanation:
Terrace farming ensures food security and increases crop yield by water and soil conservation. Thus it reduces soil erosion. In terrace farming, the interaction between water and fertilizer increase
Organic farming is agriculture that makes healthy food, healthy soils, healthy plants, and healthy environments a priority, along with crop productivity
AnswerAdvantages of terrace farming...
Helps to reduce soil erosion for farming .
It's helpful for tea plantation much because its used specifialy in hilly area
Explanation:
Henry is single. In 2021, he reported $30,000 of taxable income, including a long-term capital gain of $10,000. At what rate will his long-term capital gain be taxed (use the tax rate schedules)
Answers
Henry's long-term capital gain will be taxed at 0% interest rate.
Means he does not has to pay long-term capital gain tax because 2021 capital gains tax rates are as following-
Tax-filing status 0% tax rate 15% tax rate 20% tax rate
Single $0 to $40,400 $40,401 to $445,850 $445,851 or more
Married, $0 to $80,80 $80,801 to $501,600 $501,601 or more
filing jointly
Married, $0 to $40,400 $40,401 to $250,800 $250,801 or more filing separately
Head of $0 to $54,100 $54,101 to $473,750 $473,751 or more
household
So being a single Henry has to pay 0% rate on a long-term capital gain of $10,000.
To learn more about long-term capital gain tax here
https://brainly.com/question/23040788
#SPJ4
countermeasure a has a cost of 320 and protects the asset for four years. countermeasure b has an annual cost of 85. an insurance policy to protect the asset has an annual premium of 90. what should you do?
Answers
It depends on the value of the asset being protected. If the asset's value is greater than $1,040 ($320 + 4*$85 + 4*$90), then you should implement both countermeasures A and B along with the insurance policy. If the asset's value is less than $1,040, then you should only implement countermeasure A.
Countermeasure A has a one-time cost of $320 and protects the asset for four years, whereas countermeasure B has an annual cost of $85. Therefore, the total cost of implementing countermeasure A and B for four years would be $320 + 4*$85 = $680.
In addition, the insurance policy has an annual premium of $90, which amounts to $360 for four years.
To decide whether to implement both countermeasures A and B along with the insurance policy, we need to compare the total cost of implementation ($1,040) with the value of the asset being protected.
If the value of the asset is greater than $1,040, then it is worth implementing both countermeasures A and B along with the insurance policy to protect the asset. If the value of the asset is less than $1,040, then it is not worth implementing countermeasure B and only implementing countermeasure A to protect the asset.
For more questions like Insurance click the link below:
https://brainly.com/question/2782277
#SPJ11
Can someone pls help me with this? I'll give Brainliest :]
![Can someone pls help me with this? I'll give Brainliest :]](https://i5t5.c14.e2-1.dev/h-images-qa/contents/attachments/VyA6ajb0KLkUS5BGF9LTlq59Dj0VWKTF.png)
Answers
Answer:
sure but how can i help
Explanation:
is there a discernible patter in how certain names move through the population over time? if so, describe it.
Answers
Yes, there is a discernible pattern in how certain names move through the population over time. This is due to the fact that the popularity of certain names varies depending on different factors such as cultural trends, historical events & celebrity influence.
For example, names that were popular in the 1800s may not be as popular now due to the changing social norms and cultural preferences.
Furthermore, the pattern of how names move through the population over time can also be influenced by the population size itself. For instance, in smaller populations, certain names may be more prevalent due to familial traditions or limited choices. However, in larger populations, there is more variety in the names that people choose for their children.
In addition, the media and entertainment industry also play a role in shaping the popularity of certain names. For example, when a popular character in a movie or TV show has a unique name, it may become more popular among parents looking for a unique name for their child.
Overall, the pattern of how names move through the population over time is influenced by various factors including cultural trends, historical events, and celebrity influence. The popularity of certain names may also be affected by the size of the population and the media and entertainment industry.
To know more about population visit:
brainly.com/question/27779235
#SPJ11
The application of scientific knowledge to the development and improvement of goods and services is generally referred to as ______. Multiple choice question. technology information production
Answers
Answer:
Technology.
Explanation:
As the definition is seen above, these qualities are directed towards technology. Technology has advanced produce and sales of goods and services a lot. It shows itself in fastening and making production easier. And also in different other forms that come as advertising, E-commerce, communication etc. Orders of certain goods are been sent thousands miles away from the producing country and are seen to be received safe and sound at the other end of the purchase country. Also adverts can be seen of a Chinese product in far away Africa through television commercials and also internet.
how has the right to education addressed to differently able persons?How far is it appropriate to keep such provision with view of justice?Present your logics.
Answers
Answer:
,
Explanation:
i think this is answer right
a 4,000.00 principal earns 5% intrest, compound annually. after 4 years, what is the balance in the account jiska
Answers
If a principal of 4,000.00 earns 5% interest, compound yearly, the account balance would be 4862.03. 4 years after.
The interest rate is 5% per year. The relative value of interest will be 1.05 after 4 years.
Multiplying that by the initial funding yields the result 4000 * 1.05 * 4 = 4862.03
The fee paid for the right to borrow money is called interest. In contrast interest to how the interest rate used to calculate interest is typically expressed, which is as an annual percentage rate, interest expense or account balance revenue is frequently expressed as a dollar amount. Interest is the payment a lender or financial organization makes in exchange for interest extending credit. A stockholder's ownership stake in a corporation, which is typically expressed as a percentage, is another account balance definition of interest.
Learn more about interest here
https://brainly.com/question/13324776
#SPJ4
Fe2O3 + 3 CO → Fe + 3 CO2
Answers
Answer:
product 2FeO3+3CO2
Explanation:
13. A rate quote for an individual Line haul. Copy
Load quote
Spot quote
Freight quote
Carrier quote
Answers
Answer:
Spot quote
Explanation:
Intermodal transport can be defined as the transportation of goods in one and the same truck or loading medium without handling the goods themselves in a different transport modes.
A shipping container refers to a metal container made from steel and having the ability or strength to withstand all external factors during shipment or storage of materials. It is an essential part of transportation of goods or materials from one location to another, thereby boosting trade between countries.
The various types of shipping containers are, dry storage container, open-side storage container, ISO Reefer container, flat rack container, tunnel container, open top container, double doors container, thermal containers, intermodal freight container etc.
Basically, the two standard sizes of shipping containers are 20ft (6.06m) and 40ft (12.2m): which has a width of 8ft (2.43m) and height of 8.5ft (2.59m).
A spot quote for a freight refers to a rate quote for each individual Line haul. Thus, this rate is usually calculated using current market parameters without a contract.
This ultimately implies that, the spot rate is generally outside the contracted rates and is typically required to be sent immediately.
Does decreasing the value of the local currency contributes in the increase of the economic growth rate
Answers
Answer:
Yes
Explanation:
Devaluation is the purposeful reduction of the value of a nation's currency in relation to another currency or group of currencies. When the currency is devalued, it can lead to an increase in the export of the nation's produce because the price of the exported goods is cheaper and foreign countries are most likely to purchase cheap goods.
The economic growth rate of a nation is the change in percent of goods and services produced in a country over a period of time. It gives an idea of the income of the average citizen in the country. When the value of the local currency is devalued, exports will increase and that will also cause an increase in the income of citizens. This translates to a resultant increase in the economic growth rate of the nation.
List the five (5) Traits of an Entrepreneur 1. 2. 3. 4. 5.
Answers
Answer:
Passion. For those uninitiated, entrepreneurs are not in it for the money. ...
Resilience. ...
Strong Sense of Self. ...
Flexibility. ...
Vision.
Explanation:
Resolute motivation and passion. The first and foremost quality of a successful entrepreneur is passion. ...
Self-discipline. This is one of the most essential characteristics of a successful entrepreneur. ...
Risk-taking ability. ...
Creative thinking. ...
Persistence.
Two stocks with the same stock price per share have stock returns that are perfectly negative correlated. One has an annual return of 9%, the other has an annual return of 7%. The risk-free rate is 3%. A) Describe an investment strategy that allows you to take advantage of the apparent arbitrage opportunity. B) Suppose you cannot borrow at the risk-free rate, as you had initially hoped. Instead, you have to pay 8% and you can only borrow $200,000. How much profit can you make (in dollars) without taking any risk?
Answers
A) Buying the stock with a lower return (7%) and simultaneously short-selling the stock with a higher return (9%). B) The potential profit without taking any risk would be zero in this case.
A) In the first scenario, where the risk-free rate is 3%, and the stocks have perfectly negative correlation, an investor can implement a long-short portfolio strategy to exploit the arbitrage opportunity. The investor would buy the stock with a lower return (7%) and simultaneously short-sell the stock with a higher return (9%). By doing so, the investor earns a higher return on the long position and benefits from the negative correlation, which helps offset any potential losses from the short position. The overall return of the portfolio can be greater than the risk-free rate, resulting in a profit.
B) In the second scenario, where borrowing is available at a rate of 8% and limited to $200,000, the investor cannot achieve risk-free arbitrage. The cost of borrowing at 8% exceeds the potential returns from the long-short portfolio strategy. Therefore, there is no opportunity to make a profit without taking any risk in this case.
Without access to borrowing at the risk-free rate, the investor would need to assess the potential returns from the long-short portfolio strategy, considering the borrowing cost and the limited borrowing capacity. If the expected returns from the strategy do not exceed the borrowing costs, it would not be profitable to pursue the arbitrage opportunity.
To learn more about profit click here: brainly.com/question/30507114
#SPJ11
What is the best reason for homebuyers to create a budget before taking out a mortgage?
to compare the value of their home with that of their neighbors
to plan how to pay off the money they have borrowed
to set aside enough money to refinance the loan
to figure out how long they can stay in their home
Answers
The best reason for homebuyers to create a budget before taking out a mortgage is to : Plan how to pay off the money they have borrowed.
What is a mortgage?A mortgage is an agreement(legal) between a bank and the buyer in which the bank lends money to the buyer to purchase a house.
When a buyer takes a mortgage, the buyer agrees to pay back the money in full with an agreed interest rate, at a stipulated time.
Types of actions that can be taken with a mortgage are :
Purchase a homeMaintain a homeMaintain other types of real estateTherefore, the best reason for homebuyers to create a budget before taking out a mortgage is to plan how to pay off the money they have borrowed.
Learn more about mortgage here : https://brainly.com/question/1318711
Answer:
b
Explanation:
I'll give 20 points if you just answer this riddle: You see a boat filled with people. It has not sunk, but when you look again you don’t see a single person on the boat. Why?
Nice doing "business" with ya!
Answers
Answer:
Everyone on the boat is married.
Explanation:
Which qualitative forecasting technique is based upon the idea that a group of people with various backgrounds can develop a more reliable forecast than a narrower group?
Answers
The qualitative forecasting technique that is based upon the idea that a group of people with various backgrounds can develop a more reliable forecast than a narrower group is panel consensus.
What is forecasting?It should be noted that qualitative forecasting is used to make predictions about the finances of a company which uses judgement from the experts.
Therefore, based on the information, it should be noted that the qualitative forecasting technique that is based upon the idea that a group of people with various backgrounds can develop a more reliable forecast than a narrower group is panel consensus.
Learn more about forecast on:
brainly.com/question/21445581
#SPJ4
Rakeesh owns a deli shop on campus. He has a daytime manager and a nighttime manager, both of which report to Rakeesh directly. This is an example of a ______ structure.
Answers
A structure such as the one Rakeesh has where everyone reports directly to the CEO, is called a Flat Organizational Structure.
What is an Organizational Structure?
This is a system within an organization that spells out how people must relate to one another.
It also highlights how certain activities must flow for the objectives and or goals of that business or entity to be achieved.
See the link below for more about Organizational Structures:
https://brainly.com/question/26190165
How would the bureau of labor statistics classify a person who is not working and refuses an offer of employment in order to keep looking for a better job?
Answers
Unemployed is what the bureau of labor statistics would call a person who is not working and refuses an offer of employment in order to keep looking for a better job
This is further explained below.
What is Unemployed?Generally, According to the definition provided by the OECD, individuals who are above a certain age and are not engaged in paid jobs or self-employment but are presently available to work even during reference periods are considered to be unemployed.
The unemployment rate is the number of persons who are jobless expressed as a percentage of the total number of people actively seeking work in a given labor force.
In conclusion, According to the Bureau of Labor Statistics, an individual is thought to be jobless if they are not working and have turned down an offer of work in order to continue their search for a better position.
Read more about Unemployed
https://brainly.com/question/28019611
#SPJ1
complete question
How would the Bureau of Labor Statistics classify a person who is not working and refuses an offer of employment in order to keep looking for a better job?
a. Unemployed
b. A discouraged worker
c. Not in the labor force
d. Employed
T/F: A bike path along a scenic river is an example of the built environment.
Answers
The given statement " A bike path along a scenic river can be considered an example of the built environment." is True The built environment refers to human-made structures and features that shape the physical surroundings in which people live, work, and interact.
It encompasses buildings, roads, bridges, parks, and other constructed elements. In this context, a bike path is a purposefully designed pathway for bicycles, constructed to provide a safe and convenient route for cyclists.
It is a component of the built environment that promotes active transportation and recreational opportunities. The scenic river, on the other hand, represents a natural feature that contributes to the overall aesthetics and appeal of the environment.
By integrating a bike path along a scenic river, the built environment is enhanced with a visually pleasing and accessible pathway that encourages physical activity and allows people to enjoy the natural beauty of the river.
It combines elements of human design and the natural landscape to create a harmonious and functional environment for both transportation and leisure purposes.
Know more about aesthetics here:
https://brainly.com/question/30795699
#SPJ11
Baxter is looking over his monthly budget. Specifically, he's considering the direct deposits that came through this week from his job with a biotech company and from the tenant who rents a small condo that he owns. What kind of money is Baxter reviewing?
A. income
B. inflation
C. personal risk
D. opportunity cost
Answers
Answer:
A, "Income"
Explanation:
Gradpoint
Do you think you should use a zero-based budgeting system? Explain why or why not.
Answers
which global facility type describes a factory set-up primarily to produce products at a low cost with minimal technical and managerial resources? which global facility type describes a factory set-up primarily to produce products at a low cost with minimal technical and managerial resources? outpost factory offshore factory server factory lead factory source factory contributor factory
Answers
The offshore factory global facility type describes a factory set-up primarily to produce products at a low cost with minimal technical and managerial resources.
The offshore factory is also known as offshore production. The offshore factory refers to the re-established of any business process. The company re-creates an operational process e.g. production or manufacturing.
In the offshore factory or offshore production have the low costs of labor than the domestic work cost.
The highly skilled persons are required to cover the whole production or manufacturing process.
To know more about offshore factory here,
https://brainly.com/question/28264954
#SPJ4
What should you do before making a budget?
Answer: Review your financial history
Answers
Answer:
I think you are mistaken
Explanation:
If you are new to brainly, you are supposed to ask questions and then others provide answers. Then people looking for results search up stuff and see q and a between you and whoever answered.
Answer:
C
Explanation:
Review your financial history.