Answer:
D they both will increase
Explanation:
Goodluck on that.
Answer:
Profit maximizing price of the firm = 50 cents
Average total cost of e-book = $10.5
Explanation:
As per the data given in the question,
Maximum annual profit = $35,000
It sells = 15,000 copies
Expense rate = 50 cent
Company must spend = $150,000
Here, Profit maximizing price of the firm = marginal cost (Expense rate)
So, Profit maximizing price of the firm = 50 cents
As per the following formula,
Average total cost = Total cost ÷ Quantity of output
= ((0.5 × 15,000) + $150,000) ÷ 15,000
= $10.5
In the Cleveland custom cabinets case, the owner of the company thought it was all right to manipulate the financial statement numbers primarily because he was the sole owner of the company and controlled the board of directors.
But, the sole owner is for my part answerable for all debts incurred by using the enterprise." Examples of sole owners encompass small corporations which include, a local grocery keep, local garments save, an artist, a freelance author, an IT representative, a freelance photo designer, etc.
A sole owner—additionally called a sole trader or a proprietorship—is an unincorporated business that has simply one proprietor who will pay private earnings tax on profits earned from the commercial enterprise.
Sole ownership manner distinct possession. it is a possession so entire that no other man or woman has any interest in the assets. someone's ownership is "sole" while no person apart from the character has any interest inside the belongings as owner.
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Answer:
Store A = $9
Store B = $8
Store C = $10
Explanation:
Finance charges calculated by average daily balance finance charges basis, adjusted balance method finance charges basis and Previous Balance Method Finance Charge basis is calculated as follows
Store A:
Average Daily Balance Finance Charge basis = ($500 + $400) /2
Average Daily Balance Finance Charge basis = $450
Finance Charges = $450 x (24% / 12)
Finance Charges = $9
Store B:
Adjusted Balance Method Finance Charge basis = $500 - $100
Adjusted Balance Method Finance Charge basis = $400
Finance Charges = $400 x (24% / 12)
Finance Charges = $8
Store C:
Previous Balance Method Finance Charge basis = $500 - $0
Previous Balance Method Finance Charge basis = $800
Finance Charges = $500 x (24% / 12)
Finance Charges = $10
The answer is True. Hope this helps
