Given that <span>Heath's
company is currently producing 50 units of output. the price of the
good is $5 per unit. total fixed costs are $30 and the average variable
cost is $8 at 50 units. this company: </span><span>is experiencing an economic profit of $40.</span>
Answer:
Gross profit equals $420,000
Explanation:
To get gross profit , we only discount the cost of goods sold from the Total sales
Gross profit Formula= net sales – cost of goods sold
Gross profit =$800,000- $380,000
Gross profit =$420,000
We use sales returns and allowances, sales discounts and operating expenses to get net income.
Answer:
Statistics is used to determine what risk an insured poses to an insurance company, what percentage of policies is likely to pay out, and how much money a company can expect to pay out in claims
Answer:
The correct answer is
: Yes, the offer was revoked by Katherine.
Explanation:
Even if Paul replied Katherine with the acceptance to the first offer, he used a different means of communication to do that -<em>e-mail v. mail</em>. In addition, Katherine sent the revoke by mail -<em>as in the initial offer</em>- before Paul sent his e-mail. So, there is enough proof on Katherine's end that she didn't want to proceed with the offer before Paul confirmed his agreement on the terms. In that sense, Katherine did revoke the initial order.
Answer:
The production departments in the first stage and the unit of product in the second stage.
Explanation:
The cost object under the department overhead rate used to allocate the cost based on the cost drivers.
In this departmental overhead rate method, first the overhead is allocated in the first department after that in the second stage the unit of product is done
so that the proper sequencing could be done and actual value could come