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3 years ago

A.To maximize its profits, the firm should produce units and charge a price of _______$ .

Business

1 answer:

aliya0001 [1]3 years ago

4 0

Answer:

A) where the firm's marginal revenue equals its marginal cost.

B) average total cost per unit should equal the marginal cost per unit.

C) at their highest level.

Explanation:

Profit maximizing levels where marginal revenue = marginal cost, is applicable to every type of company regardless in what type of market they operate, e.g. perfect competition, monopoly, monopolistic competition, etc.

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If the demand for a steak is unit price elastic, then; Select one: a. the percentage change in quantity demanded is equal to the

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Answer:

The correct answer is option a.

Explanation:

The price elasticity of demand shows the responsiveness of quantity demanded to change in price. It is measured by the ratio of proportionate change in quantity demanded and proportionate change in price.

Unit price elastic means that the price elasticity of the good is 1. This implies that the percentage change in quantity demanded must be equal to the percentage change in price.

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Ralph’s Hardware updated its accounting system and agreed to purchase a computer system from a manufacturer, Bits and Bytes (BB)

Andrej [43]

Given:
Fact 1: During contract negotiations, BB’s sales representative promised that the system was “A-1” and “perfect.”
Fact 2: The written contract, which the parties later signed, disclaimed all warranties, express and implied.
Fact 3: After installation the computer produced only random numbers and letters, rather than the desired accounting information

The express warranty is given in Fact 1 where the Sales Rep promised that the system was "A-1" and "perfect". There is a breach in express warranty here IF the written contract also expresses the same promises.

However, the written contract disclaimed all warranties, express and implied. AND BOTH PARTIES SIGNED THIS CONTRACT. It implies that the buyer has read through the contract and has agreed with what is written in the contract. Thus, they can't file a suit against BB for breaching an express warranty since the written and signed contract has already disclaimed all warranties.

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3 years ago

Year 1 Year 2 Amounts billed to clients for services rendered $ 182,000 $ 232,000 Cash collected from clients 154,000 184,000 Ca

Advocard [28]

Answer:

Explanation:

Year 1:

Cash collected from clients $154,000

Salaries paid to employees for services rendered during the year $27,000

Utilities $84,000

Purchase of insurance policy $58,200

So, in order to find net cash flow, $(154000-27000-84000-58200)=-15200

Year 2:

Cash collected from clients $184,000

Salaries paid 34000

Utilities paid 94000

Insurance paid is 0

So, net cash flow $184000-$(34000+94000)=$56000

Year1 paid 27000 in salaries, accrued =32000

So still 5000 has to be paid in year 2

Year 2 paid 34000 ⇒ so accrued is 29000

Insurance accrued for each year is 58200/3=19400

Income statement for year 1 and 2

year1 year2

Revenue:

Income from services 182000 232000

Expense

Salary 84000 94000

Utilities 32000 29000

Insurance 19400 19400

Net income 46600 89600

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Explain why voluntary organizations that survive on dues and small contributions from a mass membership often do best when the o

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Voluntary organizations that survive on dues and small contributions from a mass membership often do best when the political climate is worst because citizens want to have faith in something.

SCVO defines voluntary organizations as non-profit pushed, non-statutory, self-sufficient and run through those who do no longer receives a commission for running the enterprise. a few voluntary companies are recognized through the Inland revenue as charities.

The purpose of voluntary organizations is to fulfil their challenge and work in the direction of the greater right in some precise manner, as opposed to to make a profit. This often method they prioritize things differently than a enterprise would do.

Examples of organizations within the voluntary quarter consist of: Charities: global imaginative and prescient, American pink pass, and YWCA. Foundations: David Suzuki Foundation, invoice and Melinda Gates basis. Social Welfare companies: Human Rights Watch, Environmental protection employer (EPA)

Learn more about organizations here: brainly.com/question/24448358

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