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SVETLANKA909090 [29]
3 years ago
11

If a competitive firm can sell a ton of steel for $500 a ton and it has an average variable cost of $400 a ton, and the marginal

cost is $600 a ton, the firm should:
Business
1 answer:
Lena [83]3 years ago
8 0
<span>If a competitive firm can sell a ton of steel for $500 a ton and it has an average variable cost of $400 a ton, and the marginal cost is $600 a ton, the firm should reduce its output. The reason for the reduction of output is the marginal cost it will have. The marginal cost exceeds the selling price of the product which is a bad sign for the company.</span>
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An example of an inventory accounting policy that should be disclosed in Summary of Significant Accounting Policies is the:_____
ludmilkaskok [199]

Answer:

Option C

Explanation:

The overview of important accounting rules is a portion of the end notes that accompanies the financial statements of an company, outlining the key policies that the finance department is following. The policy overview is prescribed by the accounting system in force (like the GAAP or IFRS).

The approach a corporation uses to assess the inventory expense (inventory valuation) affects the financial reports explicitly. Thus, it should be depicted in summary of accounting policies.

8 0
3 years ago
On school days, alma packs herself a sandwich, so she buys bread about once a week. how is she most likely to stray from the con
7nadin3 [17]

She is most likely to stray from the consumer decision process in this example b<span>y spending very little effort on searching for information and considering options. The consumer decision making process involves five key steps: (1) Problem recognition, (2) Information search, (3) Seeking Alternatives, (4) Purchase, (5) Evaluation of Purchase. Thus, she will stray away from the usual consumer decision process if she does not spend time searching for information about the product or if she does not consider other options. </span>

8 0
3 years ago
_____ aims to increase traffic in retail stores using special sales on a limited number of products and higher everyday prices o
uysha [10]

low pricing aims to increase traffic in retail stores using special sales on a limited number of products and higher everyday prices on others.

Stores can therefore attract customers with the low prices and once the customer is there, they will more than likely purchase one of the higher priced items.

6 0
3 years ago
An upset forging plant will be built to produce 2,000,000 parts per year. The plant will operate for three 8-hour shifts per day
miv72 [106K]

Answer:

A. 16

B. 57.14

Explanation:

forging presses = 20

setup time = 3 hours

Time required to produce 1 batch = 600 *45 s = 7.5 hours

total workforce = 7 in all;

a. no of forged parts produced in a month ;

total time required to produce 1 forged part = 3 + 7.5 = 10.5 hours;

working hours a day = 8 ;

total no of working days = 21/month;

total no of batches produced n= 21*8/10.5;

n = 16;

so no of parts = 16 * 600 = 9600;

b. labor productivity P= parts /work hour;

P = 9600/21*8 = 57.14

3 0
3 years ago
Ray and Chuck own 50 percent capital and profits interests in Alpine Properties LLC. Alpine builds and manages rental real estat
Dovator [93]

Answer:

Ray = $200,000

Chuck = $250,000

Explanation:

<u>Determine how much trade or business loss can each deduct on their tax returns </u>

Total loss of Ray = $16000 + $250000 = $266000

since Ray suffered a loss of $16000 from his sole proprietorship and a loss of $250,000 . the total loss suffered from the partnership will not be deductible because it will lead to excessive business loss for the partnership

For RAY : the partnership loss can be calculated as : $250000 - $16000     =$234000

chuck can deduct $250000 loss on tax returns

this is because the threshold is not exceeded as no other loss is created

7 0
3 years ago
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