If a firm is producing where price exceeds average variable cost, the firm should continue production even though it will incur a loss, since: the loss will quickly revert to a profit. it can cover its variable costs (payroll, utilities, etc.) and have some funds left over to apply toward paying fixed costs. it must adhere to union rules against layoffs. it is important to show stockholders that the company can turn itself around.

Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes

Describe the three different ways the argument section of a cover letter can be formatted