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1 year ago

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

1 answer:

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.

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Winnebago Industries, Inc. is a leading manufacturer of motor homes. Suppose Winnebago reported ending inventory at August 29, 2

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Answer:

Winnebago Industries' ending inventory have been if it had used FIFO is $77,196,000

Explanation:

The computation of the ending inventory under FIFO method is shown below:

= Ending inventory under LIFO inventory method + LIFO reserve

= $46,850,000 + $30,346,000

= $77,196,000

For determining the ending inventory under the FIFO method, we added the ending inventory under the LIFO method and LIFO reserve so that accurate value can come.

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2 years ago

Which principle of the American Free Enterprise System is described in the statement "Consumers have the right to buy and sell p

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C. Private Property
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2 years ago

On June 1, Royal Corp. began operating a service company with an initial cash investment by shareholders of $3,900,000. The comp

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Answer:

$7,500,000 $4,400,000

Explanation:

Accrual concept requires to record the income and expenses in the period in which they are incurred rather when these get paid.

Cash basis accounting records the transaction when it gets paid.

Service Income $7,500,000

Expenses $3,100,000

Cash Dividend $820,000

Cash Basis

Income Statement

For two month ended 31 July.

Service Income $7,500,000

Expenses $0 (Expenses been paid In August)

Net Income ($7,500,000)

Accrual Basis

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2 years ago

Contribution margin is always the same as gross profit margin. is calculated by subtracting total manufacturing costs per unit f

goldfiish [28.3K]

Answer: equals sales revenue minus variable costs

Explanation: In simple words, contribution margin refers to the amount of revenue that an organisation is left with after paying for the variable expenses that are incurred for the generation of such revenue.

It is an important aspect of an organisation as it somehow depicts the ability of it to pay its fixed expenses like interests etc.

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2 years ago

A government bond issued in France has a coupon rate of 5% (paid annually) and a face value of 100 euros, and it matures in 5 ye

Nina [5.8K]

Answer:

Bond Price= 106.77

Explanation:

Giving the following information:

Face value= 100

Coupon= 100*0.05= 5

Yield To Maturity= 0.035

Years to maturity= 5 years

To calculate the price of the bond, we need to use the following formula:

Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond Price= 5*{[1 - (1.035^-5)] / 0.035} + [100/(1.035^5)]

Bond Price= 22.57 + 84.2

Bond Price= 106.77

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3 years ago