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3 years ago

Under what condition will a monopoly firm incur losses?

1 answer:

3 0

<span>A monopoly would have to make it so the marginal revenue is less than the marginal cost, and in return, the monopoly would end up losing money instead of gaining money. This means that they are spending more money than they are making.</span>

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During the first 11 months of a recent year, a certain charitable organization received an average (arithmetic mean) of $20,600

IgorLugansk [536]

Answer:

$25,400

Explanation:

Average for first 11 months = $20,600

Total amount for first 11 months = 11 x $20,600 = $226,600

Average for 12 months = $21,000

Total amount for 12 months = 12 x $21,,000 = $252,000

Amount received in December = $252,000 - $226,600 = $25,400

The organization received $25,400 in donations during December

6 0

3 years ago

Timberlake Company planned for a production and sales volume of 12,000 units. However, the company actually made and sold 13,000

Aleks04 [339]

Answer:

$65,000 Favorable

Explanation:

Volume variance compute the difference due to volume of sales budgeted and actual sales qty.

Budgeted Selling pricec =780000 /12000 = 65

Sales volume variance = Budgeted Selling price (Actual sales qty-Budgeted Sales qty)

65.00 (13000-12000) = 65000 Fav

Answer is $ 65000 Favorable

5 0

3 years ago

Refer to Stevenson, Ross, and Warner. Which of the following represents a key component of the Sarbanes-Oxley Act relating to co

antoniya [11.8K]

Answer:

The correct answer is B. Accounting firms are prohibited from providing many types of consulting services to the companies they audit.

Explanation:

The main reason for this policy is that it does not allow conflicts of interest to arise that eventually produce widely known cases of fraud, such as those presented at the Enron and Worldcom companies.

The Enron case broke out in the U.S. when that energy giant announced what was once the biggest bankruptcy in the history of the country, with a debt of 31,000 million dollars, something overcome a few months later by the collapse of another colossus, WorldCom.

In June 2002 WorldCom, the second US telephone. and of the world, he admitted that he had lied in his accounting books for almost 4,000 million dollars and his actions - which shortly before touched his maximum of 16 dollars - collapsed to 20 cents. His bankruptcy exceeded Enron's: $ 35 billion of liabilities.

4 0

3 years ago

Suppose that United States produces 10,000,000 barrels of oil and 1,000 bushels of wheat each week. Suppose that Pakistan produc

Darya [45]

Answer:

1. 1,000 bushels of wheat

2. d) A situation where one country does not engage in trade with other

Explanation:

1 & 2. Autarky refers to a situation where a country does not engage in trade with other countries but rather relies on its own production capacities to feed the consumption in the country.

Autarkies in the current world are not a thing because countries trade with each other. Even North Korea trades with Russia, China and others.

In an Autarky situation therefore, the United States would only be able to consume the wheat that it produces itself which according to the question is 1,000 bushels of wheat.

8 0

3 years ago

Read 2 more answers

In a catalog a coat was on sale for $65.55 this week. It regularly sells for $77.77. If the sales tax is 6% and shipping is belo

bazaltina [42]

Answer:

$14.96

Explanation:

Shipping and handling charges are attached.

Given: Discounted price= $65.55.

Regular sales price= $77.77

Sales tax= 6%.