Jennifer Davis opened a law office on July 1, 2020. On July 31, the balance sheet showed Cash $5,100, Accounts Receivable $1,700, Supplies $400, Equipment $5,800, Accounts Payable $4,100, and Owner’s Capital $8,900. During August, the following transactions occurred.

Steele bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. steele produces and sells only 10,000 bikes each year. due to the low volume of activity, steele is unable to obtain the economies of scale that larger producers achieve. for example, steele could buy the handlebars for $31 each: they cost $34 each to make. the following is a detailed breakdown of current production costs: after seeing these figures, steele's president remarked that it would be foolish for the company to continue to produce the handlebars at $34 each when it can buy them for $31 each. calculate the total relevant cost. do you agree with the president's conclusion?

The larger the investment you make, the easier it will be to: get money from other sources. guarantee cash flow. buy insurance. streamline your products.

What business practice contributed most to andrew carnegie’s ability to form a monopoly?