1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Pachacha [2.7K]
2 years ago
10

The objective of profit maximization should be constrained by the requirement that profits be achieved through.

Business
1 answer:
Oksana_A [137]2 years ago
4 0

The objective of profit maximization should be constrained by the requirement that profits be achieved through both legal and ethical means.

<h3>What is meant by profit maximization?</h3>

This is the term in Economics that the producer uses to get the most output that they can get based on the quantity of input that they have used in a business venture. When people go into business what they would like is to be able to get the best output that they can based on the quantity of investment that they have made in the venture.

This can be done in the long run as well as the short run by the profit maximizing firm. Hence we can say that The objective of profit maximization should be constrained by the requirement that profits be achieved through both legal and ethical means.

Read more on profit maximization here:

brainly.com/question/20344638

#SPJ1

You might be interested in
At the beginning of the year, Uptown Athletic had an inventory of $640000. During the year, the company purchased goods costing
Nataly_w [17]

Answer:

Cost of Goods Sold = $1,700,000

Gross Proft = $1,740,000

Explanation:

We solve this assingemtn using the inventory identity:

$$Beginning Inventory + Purchase = Ending Inventory + COGS

We post the given and solve for the missing part:

640,000 + 2,020,000 = 960,000 + COGS

COGS = 640,000 + 2,020,000 - 960,000 = 1,700,000

Next we use the COGS value to calculate the gross profit.

Sales \: Revenues- \: COGS = \: Gross \: Profit

3,440,000 - 1,700,000 = 1,740,000

8 0
3 years ago
Who first discovered America?
erma4kov [3.2K]

Answer:Christopher Columbus is credited with discovering the Americas in 1492.

Explanation:

Five hundred years before Columbus, a daring band of Vikings led by Leif Eriksson set foot in North America and established a settlement. And long before that, some scholars say, the Americas seem to have been visited by seafaring travelers from China, and possibly by visitors from Africa and even Ice Age Europ

6 0
2 years ago
Read 2 more answers
Lightning Electronics is a midsize manufacturer of lithium batteries. The company’s payroll records for the November 1–14 pay pe
Alexeev081 [22]

Answer:

Journal entries for the following will be shown below:

Explanation:

1.

Journal entries for the wages expense is as follows:

Wages expense A/c.........................Dr     $50,000

        Income Tax Payable A/c................Cr   $7,000

        FICA taxes payable A/c...................Cr   $2,625

        Cash A/c...............................................Cr   $40,375

Working Note:

Cash = Wage expense - Income tax payable - FICA taxes payable

= $50,000 - $7,000 - $2,625

= $40,375

2.

Journal entry for the payroll expenses is as follows:

Payroll tax expense A/c............................Dr    $2,875

       FICA taxes payable A/c............................Cr   $2,625

       Unemployment taxes payable A/c.........Cr   $250

4 0
3 years ago
if variable cost increases by $1/unit, advertising cost increases by $1,500, and units sales increase by 250, what would be the
stira [4]

Revised Sales revenue (1,000 + 150 units = 1,150 * $35)           $40,250

Less: Reised Variable costs ($21 + $1 = $22 * 1,150)                  ($25,300)

Revised Contribution Margin                                                   $14,950

Less: Revised Fixed costs ($8,400 + $1,250)                          ($9,650)

Net operating income                                                                   $5,300

Fixed costs remain the same for a period of time. Variable costs increase or decrease depending on the performance of the company. Examples of fixed costs are rent, taxes, and insurance premiums.

Variable costs are costs that change with changes in quantity. Examples of variable costs include raw materials, parts labor, production materials, handling charges, shipping charges, packaging materials, and credit card fees. In some fiscal documents, the variable cost of production is called the "cost of goods sold."

Learn more about Variable costs at

brainly.com/question/5965421

#SPJ4

4 0
1 year ago
Suppose that in Problem 13 a Type 2 service objective of 95 percent is substituted for the stock-out cost of$ 12.80. Find the re
evablogger [386]

Answer:

(Q, R) = (1555, 1400)

shortage imputed = $0.388

Explanation:

Lot size-reorder point system is one of the multi period models. This system is denoted by decision variables (Q, R). This multi period model is implemented when there is uncertain demand in inventory control.

nevertheless, in the simple EOQ model, demand is known and fixed. But when the demand is random, these lot size-reorder point (Q, R) systems allow random demand.

There are two decision variables in a (Q, R) system:

Order quantity, Q and

Reorder point, R

Additional steps are attached as files

8 0
3 years ago
Other questions:
  • Several reporters approach the governor as he exits a meeting. They shout questions, asking about his plan to deal with prison o
    14·1 answer
  • ​(Yield to​ maturity) A​ bond's market price is ​$900. It has a ​$1 comma 0001,000 par​ value, will mature in 1414 ​years, and h
    14·1 answer
  • Tuition of ​$ will be due when the spring term begins in months. What amount should a student deposit​ today, at ​%, to have eno
    12·1 answer
  • Mark owns stock in Walgreens. He has the right to vote on company issues and examine corporate records, and he receives dividend
    8·1 answer
  • Suppose on Friday night you have a choice to go either to a Katy Perry concert or a Lady Gaga concert. You won a free ticket to
    13·1 answer
  • ________ is based on research that estimates how much of a product will sell over a given period of time.
    11·1 answer
  • PLEASE HELP ME!!
    13·1 answer
  • A. State and describe the concept that leads to "conflict of goals between a firm's managers and its shareholders. Give a modern
    8·1 answer
  • The degree to which local regulations favor local workers and suppliers is an example of the environmental factor termed _______
    14·1 answer
  • As used in the text, the term environment means all the forces influencing the life and development of the firm.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!