Answer:
economic profits = 0
so correct option is a)zero
Explanation:
given data
output = 100 units
total fixed cost = $600
total variable cost = $400
price of product = $10 per unit
firm produces = 100 unit
to find out
firm earn an economic profit of Group
solution
we know here Total revenue is
Total revenue = 10 × 100 =$1000
and Total cost is here
Total cost = $400 + $600
Total cost = $1,000
so economic profits is express as
economic profits = revenue - cost
economic profits = 1000 - 1000
economic profits = 0
so correct option is a)zero
Answer:
Date Account Title and Explanation Debit Credit
XXXX Cost of goods sold $5,800
To manufacturing overhead $5,800
(Entry for unapplied overhead transfer to cost of goods sold)
Answer: It is called An EXCULPATORY CLAUSE
Explanation: A deficiency judgment is a court ruling against a debtor in default on a secured loan, indicating that the sale of a property to pay back the loan did not cover the outstanding debt in full.
In waiving the right to a deficiency judgement, AN EXCULPATORY CLAUSE is inserted in the financial contract which states that the borrower no longer has a financial liability. It relieves the borrower the personal liability to repay the loan.
Answer:
We know the average inventory was 7,650 and the cost of goods sold through out the yer were 76,500.There are about 52 weeks in a year. If the company closes for 2 weeks, then they are in business for 50 weeks a year.
If we divide the cost of goods sold by the number of weeks that the company is open, we get what is the cost of goods sold each week.
76,500/50= 1,530
The company has 1,530 of cost of goods sold each week. And their average inventory is of 7650 so if we divide average inventory by the cost of goods sold each week, we will get how many weeks of supply is held in inventory.
7650/1530=5
The company holds 5 weeks of supply in inventory.
Explanation:
Answer:
saving an object as a different type
