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Dmitrij [34]
1 year ago
6

Suppose a firm in a competitive market produces and sells 150 units of output and earns $1,800 in total revenue from the sales.

If the firm increases its output to 200 units, the average revenue of the 200th unit will be
Business
1 answer:
kolbaska11 [484]1 year ago
8 0

If the firm increases its output to 200 units, the average revenue of the 200th unit will be $12.

<h3>What is the average revenue?</h3>

Average revenue is total revenue earned from selling a good or service divided by the total number of output sold.

Average revenue = total revenue / output

$1800 / 150 = 12

Here are the options:

a. Less than $12,

b. More than $12,

c. $12,

d. Any of the above may be correct depending on the price elasticity of demand for the product.

To learn more about average revenue, please check: brainly.com/question/14014968

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The following information was available for the year ended December 31, 2019: Net sales $ 894,250 Cost of goods sold 616,850 Ave
iogann1982 [59]

Answer:

Explanation:

Net sales - $894,250

Cost of Goods - $ 616850

Average account receivable - $40,650

Account receivable at year end - $28200

Average inventory - $182000

Inventory at year end - $158,000

Inventory turn over

Cost of Goods sold / Average inventory for the period

616850/182000= 3.40 times

No of days sales in inventory = Ending inventory / Cost of Goods sold *365

158000/616850*365 = 93.5 days

Account receivable turnover = net credit sale / average receivable

894250/40650=21.9

No of days sales in account receivable -

Receivable at year end/total credit sales*365

28200/894250*365= 11.5 days

7 0
3 years ago
How many powered fork lift accidents occur each year
Scrat [10]
34,900 injuries a year and around 80deaths per year
8 0
3 years ago
When one department store authorized thousands of its sales clerks to handle functions normally reserved for store managers, suc
Dafna11 [192]
The correct answer that would best complete the given statement above is the word JOB ENRICHMENT. Here is the complete statement. <span>When one department store authorized thousands of its sales clerks to handle functions normally reserved for store managers, such as handling merchandise-return problems and approving customers' checks, they gave them more responsibility. This is a job enrichment technique. Hope this helps.</span>
3 0
3 years ago
Purvell Corporation has just acquired a new machine with the following characteristics (Ignore income taxes.): Cost of the equip
jarptica [38.1K]

Answer:

18.75%

Explanation:

Calculation to determine what The simple rate of return would be closest to:

First step is to calculate the Depreciation using this formula

Depreciation = (Cost - Salvage value)/ life

Let plug in the formula

Depreciation= ($50,000-$5000)/8 years

Depreciation=$40,000/8

Depreciation=$5,625

Second step is to calculate the annual net cash savings:

Annual cash savings $15,000

Less: Depreciation ($5,625)

(45,000/8 = $5,625)

Annual net cash savings $ 9,375

($15,000-$5,625)

Now let calculate the Simple rate of return

Using this formula

Simple rate of return = Annual net cash savings / Initial investment

Let plug in the formula

Simple rate of return= $9,375/$50,000

Simple rate of return= 18.75%

Therefore The simple rate of return would be closest to:18.75%

4 0
3 years ago
The manager of a discretionary account places client funds in a suitable investment because it provides a higher commission than
amid [387]

Answer: C. have a conflict of interest because the investment was suitable for the client

Explanation:

Conflict of interest occurs when the aims of two different parties are not thesame. In such scenario, the best interest of an individual is different from the best interest of the other person.

Since the client funds placed for investment brought about a good return, then the investment manager doesn't have a conflict of interest because the investment was suitable for the client.

7 0
3 years ago
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