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Makovka662 [10]
2 years ago
14

A purely competitive firm currently producing 35 units of output earns marginal revenues of $40 from each extra unit of output i

t sells. if itsells 40 units, then its total revenues would be?
Business
1 answer:
Gennadij [26K]2 years ago
5 0

A purely competitive firm currently producing 35 units of output earns marginal revenues of $40 from each extra unit of output it sells. If it sells 40 units, then its total revenues would be $1600

Total revenue, additionally known as gross revenue, is your general sales from ordinary (MRR) and non-habitual sales streams. In other phrases, it's the overall amount of earnings your enterprise brings in from selling your merchandise/services.

To calculate the total revenue follow the following steps:

Given: Output = 35 units

Marginal Revenue = $40 from each extra unit of output it sells

It sells 40 units,

Then, Marginal Revenue = $40 (because marginal revenue is constant for all levels of output)

Therefore Total revenue = 40 * 40

Total revenue = $1600

Marginal revenue is the boom in sales that outcomes from the sale of one extra unit of output. while marginal sales can remain constant over a sure stage of output, it follows from the regulation of diminishing returns and will subsequently sluggish down as the output level will increase.

Learn more about Marginal revenue here brainly.com/question/13444663

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A firm that is facing both strong cost pressures and strong pressures for local responsiveness should follow _____ strategy. Mul
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Answer:

a global standardization.

Explanation:

Global standardization can be defined as the ability of an organization to use standard marketing techniques across the world with respect to the cultural factors.

Also, local responsiveness can be defined as the degree of requirements and conditions to which a manufacturing firm should significantly adjust their products and methods of production in a particular country to.

A firm that is facing both strong cost pressures and strong pressures for local responsiveness should follow a global standardization strategy.

Hence, when a firm follows the global standardization strategy, the quality of its goods and services is able to meet the needs of customers (people) all over the world because of the streamlining of its production processes, products design, and simplified supply chain management.

5 0
3 years ago
Stephanie is 60 years old and is in the 30% tax bracket. Fifteen years ago, she established a Roth IRA that now has a balance of
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Answer:

b. not have to pay taxes on her withdrawal

Explanation:

Options are <em>"a. pay $6,000 in taxes b. not have to pay taxes on her withdrawal, c. have to pay payroll taxes. d. have to pay a 10% penalty on her withdrawal."</em>

<em />

For the year 2020, if the age of the person making the withdrawal is more than 59 1/2 years and the balance in Roth IRA account is kept for more than 5 years then, the funds in such account can be withdrew without any taxes and penalties and that too without any conditional requirements.

6 0
3 years ago
As of December 31, Bayer, Inc., agrees to provide a bonus of $50,000 to its employees (to be equally shared by all). The bonus w
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Answer:

Dec. 31

Dr Bonus expense $50,000

Cr Bonus payable $50,000

Explanation:

Preparation of the December 31 adjusting entry for Bayer.

Based on the information given we were told that they agreed to provide a bonus of the amount of $50,000 to its employees which will be equally shared by all of them in which The bonus will be paid in January which means that the journal entry will be:

Dec. 31

Dr Bonus expense $50,000

Cr Bonus payable $50,000

8 0
3 years ago
On their birthdays employees at a large company are permitted to take a 60-minute answer
Dvinal [7]

Answer:

Full question: <em>On their birthdays, employees at a large company are permitted to take a 60-minute lunch break instead of the usual 30 minutes. Data were obtained from 10 randomly selected company employees on the amount of time that each actually took for lunch on his or her birthday. The company wishes to investigate whether these data provide convincing evidence that the mean time is greater than 60 minutes. Of the following, which information would NOT be expected to be a part of the process of correctly conducting a hypothesis test to investigate the question, at the 0.05 level of significance?</em>

<em>Answe</em><em>r: Since that the p-value is greater than 0.05, rejecting the null hypothesis and concluding that the mean time was not greater than 60 minutes. </em>

Explanation:

<em>From the given question let us recall the following statements:</em>

<em>Employees at a large company are permitted to take a 60-minute Lunch break instead of the  30 minutes.</em>

<em>Data was gotten from = 10 randomly selected company employees on the amount of time that each actually took for lunch on his or her birthday</em>

<em>Given that the p-value is greater than 0.05, rejecting the null hypothesis and concluding that the mean time was not greater than 60 minutes.</em>

<em>The company tries to investigate the data to know that the mean is greater than 60 minutes</em>

<em>the next step is to find the process of correctly conducting a hypothesis test to investigate the question, at the 0.05 level of significance</em>

<em>Therefore,</em>

<em>Since that the p-value is greater than 0.05, rejecting the null hypothesis and concluding that the mean time was not greater than 60 minutes. </em>

<em>Or</em>

<em>The P-value> 0.05</em>

<em>The mean time is not greater than 60 minutes</em>

6 0
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In 2018, DFS Medical Supply collected rent revenue for 2019 tenant occupancy. For income tax reporting, the rent is taxed when c
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Answer:

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= $940,000 × (1/40%)

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Only Temporary difference is Rent $490,000, which is being recognized for tax but not for Books.

Hence Pre-Tax Accounting income will be:

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Income Tax Expense A/c (1,860,000 × 40%)  Dr. $744,000

Deferred Tax Asset A/c  (490,000 × 40%)      Dr. $196,000

To Income Tax Payable                                                             $940,000

(To record income taxes for 2018)

6 0
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