Answer and Explanation:
The computation is shown below:
TC = 25 + q^2
Now
Marginal cost is
= dtc ÷ dQ
= 2q
Average variable cost (AVC) = q
We Assuming perfect competition so there is a free entry so no profits
Therefore
ATC = P
ATC = TC ÷ q
= q + 25 ÷ q
Now
MC = MR = P = ATC
2q = q + 25 ÷ q
q = 25 ÷ q
q^2 = 25
So, Quantity per firm = q = 5
Now
P = MC = MR = ATC
= q + 25 ÷ q
= 5 + 25 ÷ 5
= 5 + 5
= 10
hence, equilibrium price is 10
Now
Q = 35 - P
= 35 – 10
= 25
Hence, Market quantity (Q) = 25
And, the number of firms i.e n
N = Q ÷ q
= 25 ÷ 5
= 5
Answer:
Management training program.
Explanation:
Management training program is a structured program in which a high-potential trainee is groomed for a management position through a carefully designed sequence of short-term job transfers and rotations, gaining experience with various parts of the business, often with increasing levels of challenge and responsibility.
Basically, it is a structured program which is typically designed and focused on improving a high-potential trainee's skills such as communication, listening, empathy, oratory abilities, etc, in order to make them to be more productive, valuable, an effective leader, and leverage on new opportunities that would help the organization achieve success in their set goals and objectives, as well as enhance their competitive advantage over rivals in the industry.
Answer:
Bad Debt A/c Dr $9,000
To Credit Allowance for Bad & Doubtful A/c $9,000
Explanation:
According to the scenario, the journal entry are given below:
Journal Entry:
Bad Debt A/c Dr $9,000
To Credit Allowance for Bad & Doubtful A/c $9,000
(Being the Bad debt A/c is recorded)
The computation for bad debts are given below:
Bad debts = Uncollectible Amount - Credit balance in Allowance for doubtful A/c
Where,
Uncollectible Amount = $12,000
Credit balance in Allowance for doubtful A/c = $3,000
By putting the value we get,
= $12,000 - $3,000
= $9,000
Answer:
6,000
Explanation:
The computation of the total administrative expense allocated to the Meats department is shown below:
= (Total administrative expenses ÷ total square feet) × meat square feet
= ($15,000 ÷ 3,000) × 1,200
= 6,000
We simply do the proportion based on the meats department by dividing the total square feet
All other information which is given in the question is not considered. Hence, ignored it
Answer:
Option (a) $372.60
Explanation:
Data provided in the question:
Number of days during which the seller occupied the house = 136 days
Estimated cost for the entire year = $1,000
Now,
The period of time during which the seller occupied the house in years
= Number of days during which the seller occupied the house ÷ Total number of days in a year
= 136 ÷ 365
= 0.37260
Therefore,
The amount that the buyer will be credited = 0.37260 × $1,000
= $372.60
