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Snowcat [4.5K]
2 years ago
7

The board of directors of Testa Incorporated has decided that they would like to declare a $400,000 cash dividend at some point

in the near future. The company currently has Retained Earnings of $2,419,000 and a Cash balance of $827,000. They also have current liabilities totaling $436,000. What is missing in order for Testa to be able to pay a cash dividend
Business
1 answer:
Elden [556K]2 years ago
3 0

Answer:

Approval and the declaration by the board of directors

Explanation:

The three key requirement for a company to pay dividends are adequate retained earnings , adequate cash and the declaration and approval of the board of directors.

Looking at the provided information for Tesla incorporation ,what is missing is the Approval of the board through declaration of payment.

It was still an intention , so the declaration is still necessary for payment. Other conditions like adequate cash balance and retained earning are are already met

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If the product price is $85, how many units of output must the firm produce in order to maximize profits
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If the product price is $85, (D) 5 units of output must the firm produce in order to maximize profits.

<h3>What is Profit maximization?</h3>
  • Profit maximization is the short-run or long-run process through which a corporation determines the pricing, input, and output levels that result in the greatest profit.
  • The firm is typically modeled as maximizing profit in neoclassical economics, which is currently the mainstream approach to microeconomics.
  • Find cheaper raw materials than those currently in use as an example of profit maximization.
  • Find a supplier who provides better prices on inventory purchases.
  • Look for goods sources with reduced delivery costs.
  • Reduce your labor costs.

So, in the given situation increase output to 5 units because this is the output at which price equals marginal cost.

Therefore, if the product price is $85, (D) 5 units of output must the firm produce in order to maximize profits.

Know more about Profit maximization here:

brainly.com/question/13464288

#SPJ4

The complete question is given below:

If the product price is $85, how many units of output must the firm produce in order to maximize profits?

A) 0

B) 3

C) 4

D) 5

4 0
7 months ago
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