The controller of sarasota industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. month total maintenance costs total machine hours january $2,970 300 february 2,880 360 march 3,480 510 april 4,380 680 may 3,080 510 june 6,130 700 your answer is incorrect. try again. determine the variable cost components using the high-low method. (round variable cost to 2 decimal places e. g. 12.25.) variable cost per machine hour

Which of the following statements is correct? a) due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporationsb) most businesses (by number and total dollar sales) are organized as proprietorships or corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, primarily because corporations have important tax advantages over proprietorships and partnerships.c) due to legal considerations related to ownership transfers and limited liability, which affect the ability to attract capital, most business (measured by dollar sales) is conducted by corporations in spite of large corporations' less favorable tax treatmentd) large corporations are taxed more favorably than proprietorshipse) corporate stockholders are exposed to unlimited liability

Your take on decision making process

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.