PLEASE HELP!! What is the answer for the fill in the blank?? The options are

Kirk Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint pr

SashulF [63]

Answer:

Incremental loss of Spock = $19,800

Incremental profit of Uhura = $12,300

Incremental profit of Sulu = $94,200

Explanation:

Note: See the attached excel for the determination the incremental profit or loss that each of the three joint products.

In the attached excl file, the following formulae are used:

a. Incremental sales value = Sales value of processed product - Sales value at split off point

b. Incremental profit (loss) = Incremental sales value - Costs to process further

Download xlsx

5 0

3 years ago

Which of the following statements is true? Select one:

Vinvika [58]

Answer:

d. In perfect price discrimination, the firm is able to convert the entire area of consumer surplus that existed under perfect competition into producer surplus.

Explanation:

Perfect price discrimination occurs when the firm charge the maximum price that consumer is willing to pay for every unit sold.

(That price is given by the demand curve)

They will produce where the lowest price they can charge is equal to their marginal cost (marginal cost = marginal revenue), in other words where Supply curve meet Demand curve, ie. free market equilibrium (so no deadweight loss).

Their revenue will be a + b + c. That includes a, the entire consumer surplus under perfect competition.

7 0

4 years ago

What is the difference between product value and unique selling proposition?

cestrela7 [59]

Answer:

USPs and value propositions often get confused

there under two different umbrella .

Keep in mind that your USP doesn’t have to revolve around a product detail (such as quality, features, or price). It can also call attention to a unique aspect of your business more broadly speaking (service, selection, speed, convenience, dependability, guarantees, customization, philanthropy, and so on).

Value propositions are longer statements than USPs because they express the tangible results or concrete outcomes (“benefits”) a customer experiences from using a company’s products or services. They serve to convince your target market they’ll get “value for their money” by describing exactly what that value is.

7 0

3 years ago

__________ is the value or want-satisfying ability that is added to products by organizations that make the product more useful

stiv31 [10]

Answer:

Utility

Explanation:

Utility is the value or want-satisfying ability that is added to products by organizations that make the product more useful or accessible to consumers.

Utility is a term in economics that refers to the total satisfaction received from consuming a good or service. Economic theories based on rational choice usually assume that consumers will strive to maximize their utility. The economic utility of a good or service is important to understand, because it directly influences the demand, and therefore price, of that good or service. In practice, a consumer's utility is impossible to measure and quantify. However, some economists believe that they can indirectly estimate what is the utility for an economic good or service by employing various models.

7 0

3 years ago

Illies Corporation's comparative balance sheet appears below: The company's net income (loss) for the year was $5,000 and its ca

Varvara68 [4.7K]

Answer:

d. $33,000

Explanation:

net cash provided (used in) by operating activities + net cash provided (used in) financing activities

net cash provided by operating activities

net income $5,000

adjustments to net income:

depreciation expense $29,000

decrease in accounts receivable $2,000

decrease in inventory $2,000

increase in taxes payable $4,000

decrease in accounts payable -$1,000

decrease in wages payable -$2,000

decrease in notes payable -$3,000

net cash flow from operating cash flows $36,000

net cash provided by financing activities

issuance of common stock $1,000

dividends paid -$4,000

net cash flow from financing activities -$3,000

items classified as uses = $36,000 - $3,000 = $33,000

5 0

3 years ago