Answer:
The answer is $169,400
Explanation:
Gross profit is a line item under income statement and it is the difference between net sales(revenue) and cost of sales. It is a measure of profitability ( net sales - cost of sales?
Cost of sales = beginning Inventory + purchases - ending Inventory
$27,600 + $174,800 - $37,800
$164,600.
Now, cost of sales is: ( net sales - cost of sales)
$334,000 - $163,800
=$169,400
Answer: The complete table is as follows:
Explanation:
The following are the formulas for calculating marginal product , total revenue and marginal revenue product:
Marginal product = 
Total revenue = Price × Quantity
Marginal revenue Product = Marginal product × Price
By using these formulas, I have completed the following table:
Answer: See explanation
Explanation:
The optimal reorder point in units is calculated as the average daily sales unit multiplied by the delivery lead time.
In the question, we're not provided with the annual demand as this is vital in order to know the average daily unit. Therefore, the question is incomplete
Answer:
Marginal benefits and marginal costs.
Explanation:
Answer:
![STC = 20K + 25L = 20*5 + 25*[\frac{Q^2}{25}] = 100 + Q^2](https://tex.z-dn.net/?f=%20STC%20%3D%2020K%20%2B%2025L%20%3D%2020%2A5%20%2B%2025%2A%5B%5Cfrac%7BQ%5E2%7D%7B25%7D%5D%20%3D%20100%20%2B%20Q%5E2%20)
Explanation:
We are given:
K units of capital and L units of labor.
•Each unit of capital cost = 20
• Each unit of labor cost =25
• Level K is fixed at 5 units
We are told production function Q = K√L
Using the production functions and the values given, we can get that Q=5√L.
To find Q, the amount of labor will be given as:

Therefore, the Short run total cost function (STC) will be:
![20K + 25L = 20*5 + 25[\frac{Q^2}{25}] = 100 + Q^2](https://tex.z-dn.net/?f=%2020K%20%2B%2025L%20%3D%2020%2A5%20%2B%2025%5B%5Cfrac%7BQ%5E2%7D%7B25%7D%5D%20%3D%20100%20%2B%20Q%5E2%20)