When a firm operates at the minimum efficient scale, there is still opportunity for it to further reduce its cost per unit through economies of scale.
Answer the following statement true (T) or false (F)
False
When a firm operates at the minimum efficient scale, the returns to scale are constant and the cost per unit cannot be reduced any further. Minimum efficient scale (MES) is the output range needed to bring down the cost per unit as much as possible, allowing a firm to stake out the lowest-cost position that is achievable through economies of scale.
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According to the theory of constraints, the term "productivity" is defined as all those actions that bring a company closer to its goals.
Answer the following statement true (T) or false (F)
Mutual funds do not pay income taxes.?
Answer the following statement true (T) or false (F)
Reports are documents that summarize and display data
Indicate whether the statement is true or false
On September 12, Ryan Company sold merchandise in the amount of $5,800 to Johnson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Ryan uses the periodic inventory system and the net method of accounting for sales. On September 14, Johnson returns some of the non-defective merchandise, which is restored to inventory. The selling price of the returned merchandise is $500 and the cost of the merchandise returned is $350. The entry or entries that Ryan must make on September 14 is (are):
