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AysviL [449]
3 years ago
15

Toby operates a small deli downtown. the deli industry is monopolistically competitive. toby says he is producing the quantity t

hat minimizes his average total cost. assuming that toby is maximizing profits, his
Business
1 answer:
evablogger [386]3 years ago
5 0
Here is the answer that completes the statement above.
Regarding the situation of Toby who runs a small deli downtown, if he is already maximizing his profits, therefore, we can say that the number or amount of delis will soon increase or rise. Hope this answers your question.
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On July 1m 2017, Ling Co. pays $12,400 to Marsh Insurance Co., for a 2-year insurance contract. Both companies have fiscal years
Ronch [10]

Answer:

Journal entries

Explanation:

The journal entries are as follows

On July 1

Prepaid insurance Dr $12,400

     To Cash $12,400

(Being the payment is recorded)

On December 31

Insurance expense Dr $3,100

    To Prepaid insurance $3,100

(Being the insurance expense is recorded)

It is computed below:

= $12,400 × 6 months ÷ 24 months

= $3,100

6 0
3 years ago
Pablo Company has budgeted production for next year as follows: Quarter First Second Third FourthProduction in units 59,000 99,0
AVprozaik [17]

Answer:

Purchases= 408,000 pounds

Explanation:

Giving the following information:

Production:

2nd Q= 99,000 units

3rd= 109,000 units

Four pounds of material A are required for each unit produced.

Desired ending inventory= 30% of the next quarter's production

<u>To calculate the purchases for the second quarter, we need to use the following formula:</u>

Purchases= production + desired ending inventory - beginning inventory

Purchases= (99,000*4) + (109,000*4)*0.3 - (99,000*4)*0.3

Purchases= 396,000 + 130,800 - 118,800

Purchases= 408,000 pounds

6 0
2 years ago
Which factors play a role in purchasing insurance? Check all that apply. the consumer’s age and current lifestyle the price of t
Hitman42 [59]

Answer: a,b,c, and e

Explanation:

4 0
3 years ago
Give examples if operational conflicts that could occur in a cross- cultural context because of different attitudes towards:1) t
DanielleElmas [232]

The correct answer to this open question is the following.

Give examples of operational conflicts that could occur in a cross-cultural context because of different attitudes towards:1) time, 2) individualism.

Well, let's start with time. In the United States, time is of the utmost importance. There we have the old saying: "Time is money."

In the workplace, everything is based on the smart and efficient use of time. No time must be wasted in the workplace.

Individual effort is important in the American culture, but the team effort, the concept of being a good team player is very important under the following premise: teams can accomplish more than individuals.

What most Americans desire is individual recognition through team effort.

That is why team sports are so good in the United States because they exemplify the way teams function and what they can accomplish. For instance, college and pro football, basketball, and baseball.

The region that has a different approach, is Latin America. This does not mean that is better than the other, just that there are major differences between the two.

The management of time is very different in Latin American countries. It is not as important as the US. People in Latin America approach the concept of time in a more relaxed way. In Latin America, there is a more relaxed approach to time. Nothing is urgent, Things take time. Things are made at a different pace compared to the US.

And regarding individualism, Latin American people tend to prefer to be more individualistic to do things trying to get some recognition, The team concept is not as developed as in the US.

5 0
3 years ago
Ultimate Sportswear has $100,000 of 8 noncumulative, nonparticipating, preferred stock outstanding. Ultimate Sportswear also has
andrew-mc [135]

Answer:

Preferred dividend = $8,000

Common stock dividend = $22,000

Explanation:

The computation of dividend is shown below:-

Preferred dividend = Total shares × Total shares of Noncumulative, nonparticipating, preferred stock outstanding

= $100,000 × 0.08

= $8,000

Common stock dividend = Cash dividend - Preferred dividend

= $30,000 - 8,000

= $22,000

Therefore the Preferred dividend is $8,000 and Common stock dividend is $22,000

7 0
3 years ago
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