Even if a firm's average variable cost remains constant per unit, its average cost will increase as output increases.
Answer the following statement true (T) or false (F)
False
Although the average variable cost remains the same, average cost decreases continually.
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In a database containing (among others) six relations?VENDORS, PURCHASE_REQUISITIONS, PURCHASE_ORDERS, PURCHASE_RECEIPTS, INVENTORY, and EMPLOYEES?you would expect that the attribute Vend_No (vendor number) would be the primary key in the ____ relation
a. VENDORS b. PURCHASE_ORDERS c. PURCHASE_RECEIPTS d. EMPLOYEES
During his class, Peter often looks at an online dictionary to understand some of the words his professor uses. When Peter does this, he is looking for ______.
a. denotative meaning b. synonyms c. connotative meaning d. syntax
If r is the discount rate, the formula [1/(1 + r)] refers to the
a. future value interest factor associated with r for one period. b. present value of some future cash flow. c. present value interest factor associated with r for one period. d. future value interest factor for an annuity with a duration of r periods.
On January 1, a company purchased a five-year insurance policy for $2200 with coverage starting immediately. If the purchase was recorded in the Prepaid Insurance account, and the company records adjustments only at year-end, the adjusting entry at the end of the first year is:
A. Debit Insurance Expense, $440; credit Prepaid Insurance, $1760. B. Debit Prepaid Insurance, $2200; credit Cash, $2200. C. Debit Insurance Expense, $440; credit Prepaid Insurance, $440. D. Debit Prepaid Insurance, $440; credit Insurance Expense, $440. E. Debit Prepaid Insurance, $1760; credit Insurance Expense, $1760.