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1 year ago

Profit-maximizing firms enter a competitive market when existing firms in that market have.

1 answer:

6 0

Answer:Profit-maximizing firms enter a competitive market when, for existing firms in that market, total revenue exceeds fixed costs.

Explanation:

that is what i think sorry if im not right

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In business, failure usually means what? A. The market wasn't saturated enough. B. The company was unethical. C. The customers h

Pie

Hi!

Usually, in the business world, the reason for failure is due to the company running out of money this can be a culmination of all the reasons listed above or for other reasons, but a company is not really considered a failure until it runs out of money.

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3 years ago

Read 2 more answers

A friend says, “i want to minimize my risks of organ damage and long-lasting mental change,” and then asks, “what kind of drug s

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3 years ago

Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $130,300 Advertising e

Misha Larkins [42]

Answer and Explanation:

The computation is shown below

a. The cost of goods manufactured is

Materials used in product $130,300

Labor costs of assembly-line workers 116,100

Depreciation on plant 62,500

Property taxes on plant 24,300

Factory supplies used 34,000

Work in process inventory at January 1 $14,400

Less: Work in process inventory at december 1 -$17,600

Cost of goods manufactured $364,000

b. The cost of goods sold is

= Opening finished goods + cost of goods manufactured - ending finished goods

= $61,100 + $364,000 - $48,500

= $376,600

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3 years ago

A spreadsheet is___.

Sliva [168]

An electronic document in which data is arranged in the rows and columns of a grid and can be manipulated and used in calculations.
Microsoft excel and google spreadsheet are examples of some of the most common platforms used.

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3 years ago

Beranek Corp has $695,000 of assets (which equal total invested capital), and it uses no debt - it is financed only with common

lesya692 [45]

Answer:

$278,000

Explanation:

Data provided:

Total invested capital or assets = $695,000

Total debt to total capital ratio = 40%

now,

$\frac{\textup{Total debt}}{\textup{Total capital}}$ = $\frac{\textup{40}}{\textup{100}}$

Total debt = 0.4 × Total capital

Total debt = 0.4 × $695,000

Total debt = $278,000

Hence,

The firm must borrow $278,000 to achieve the desired ratio

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3 years ago