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4 years ago

What is the profit maximization rule equation?

Business

1 answer:

ValentinkaMS [17]4 years ago

6 0

Answer:

mc=mr

Explanation:

This is because in economics, the profit maximization rule is represented as MC = MR, where MC stands for marginal costs, and MR stands for marginal revenue. Companies are best able to maximize their profits when marginal costs -- the change in costs caused by making a new item are equal to marginal revenues............................

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Anderson Corporation has purchased a group of assets for $ 15,600. The assets and their relative market values are listed below.

IceJOKER [234]

Answer:

D: $8,580

Explanation:

Land = $7,400*$ 15,600/13400

= $8,580

Therefore, The amounts would be debited to the Land account is $8,580.

3 0

3 years ago

The building of factories and investing in facilities for extraction of natural resources is called _____________ investment.

inessss [21]

The building of factories and investing in facilities for extraction of natural resources is called direct foreign investment.

Manufactured items are used to provide other items and services,called capital items. A nondurable exact lasts for much less than five years whilst sued on a regular foundation. the paradox of price takes place when some requirements have little fee, while a few non-necessities have a much higher price.

Natural resources are resources which might be drawn from nature and used with few modifications. This consists of the resources of valued characteristics which include industrial and business use, aesthetic price, scientific hobby and cultural cost. on earth, it consists of daylight, ecosystem, water, land, all minerals together with all vegetation, and flora and fauna.

Learn more about natural resources here:- brainly.com/question/24514288

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7 0

2 years ago

Cherokee Inc. is a merchandiser that provided the following information: Number of units sold 14,000 Selling price per unit $ 16

DanielleElmas [232]

Answer:

Results are below.

Explanation:

First, we need to calculate the cost of goods sold:

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

COGS= 12,000 + 87,000 - 23,000

COGS= $76,000

Traditional format income statement:

Sales= 14,000*16= 224,000

COGS= (76,000)

Gross profit= 148,000

Total selling expense= (20,000 + 14,000*1)= (34,000)

Total administrative expense= (13,000 + 14,000*1)= (27,000)

Net operating income= 87,000

Contribution format income statement:

Sales= 14,000*16= 224,000

Total variable cost= (76,000 + 14,000 + 14,000)= (104,000)

Contribution margin= 120,000

Total fixed selling expense= (20,000)

Total fixed administrative expense= (13,000)

Net operating income= 87,000

5 0

3 years ago

Journalize the following transactions for the Evans Company. Assume the company uses a perpetual inventory system.

marta [7]

Answer:

Evans Company

General Journal

Part a.

Debit : Cash $645

Debit : Cost of goods sold $375

Credit : Sales Revenue $645

Credit : Merchandise $375

Part b.

Debit : Cash $432

Debit : Cost of goods sold $195

Credit : Sales Revenue $432

Credit : Merchandise $195

Part c.

Debit : Accounts Receivable $670

Debit : Cost of goods sold $438

Credit : Sales Revenue $670

Credit : Merchandise $438

Part d.

Debit : Credit Card fees $85

Credit : Cash $85

Explanation:

The Perpetual inventory system calculates the cost of sale and inventory balance on each and every sale made hence the journals above.

4 0

3 years ago

Which of the following is a reason the life cycle stage concept sometimes gets criticism?

Tanya [424]

Answer:

Explanation:

a. concept testing ... Group members advocate criticism of an idea when it is ridiculous. c. ... new-product strategy or are obviously inappropriate for some other reason. ... It is often used at the development stage to rate product alternatives. b. ... Which of the following statements is true of the product life cycle (PLC)? a.

6 0

3 years ago

Read 2 more answers