Answer:
The cost of goods sold is $68970
Explanation:
The cost of goods sold is the cost of inventory that a company sells in a partcular period.
The cost of goods sold can be calculated as,
Cost of Goods sold = Opening inventory + Purchases - Closing Inventory
Cost of Goods Sold = 16500 + 71500 - 19030 = $68970
Foreign markets. because the cycle still depends on it
Answer:
$5,566.84
Explanation:
to determine the amount of money that Mary had in her account at the beginning of the year we can use the resent value formula:
present value (PV) = future value (FV) / (1 + interest rate)ⁿ
where:
- FV = $6,248.95
- interest rate = 12.253%
- n = 1
PV = $6,248.95 / (1 + 12.253%) = $6,248.95 / 1.12253 = $5,566.84
You can sell candy and send out flyers
Answer:
a. What are the firm's weekly economic profits?
- The company's weekly economic profit = total revenue - total accounting cost - total opportunity costs = (600 units x $40) - $6,000 = $24,000 - $6,000 = $18,000
b. What is the firm's marginal cost?
- since the firm is maximizing its profits, its marginal revenue = marginal cost. Since the marginal revenue of the last unit sold was $25, then the marginal cost of the last unit sold must also be $25.
c. What is the firm's average total cost?
- the firm's average total cost = total cost / total output = $6,000 / 600 units = $10 per unit
