When marginal profit turns negative, producing more output will decrease total profits. Total profit is maximized where marginal revenue equals marginal cost. In this example, maximum profit occurs at 4 units of output.
Insurance policies that are covered by COBRA are done to D. extend insurance coverage if a worker loses their job.
<h3>What is the purpose of COBRA?</h3>
The Consolidated Omnibus Budget Reconciliation Act (COBRA) protects workers in the event that they lose their jobs for certain reasons.
This protection comes in the form of the worker and their families being able to access the health insurance benefits they had while the worker was working. This access will eventually lapse however.
Find out more on COBRA at brainly.com/question/6294682.
Answer and Explanation:
The computation is shown below:
For account receivable turnover ratio
Accounts Receivable Turnover is
= Sales ÷ Average Receivables
Beginning Accounts Receivable $21,400
Add: Sales $105,300
Less: Cash Receipts $81,300
Ending Accounts Receivable $45,400
Now
Accounts Receivable Turnover is
= $105,300 ÷ ($21,400 + $45,400) ÷ 2
= 3.15 times
Now days to sell is
= 365 ÷ 3.15 times
=116 days
Answer:
Total general and administrative expenses $
Administrative salaries 1,250
Rent on administrative building 30,000
Miscellaneous administrative expenses 5,000
Total general and administrative equipment 35,250
Explanation:
The total general and administrative expenses include administrative salaries, rent on administrative building and miscellaneous administrative expenses.
Answer:
1. Merchandise held on consignment for Trout Creek Clothing.
- Excluded from the company's year-end inventory because they belong to another company.
2. Goods shipped f.o.b. destination on December 28 that arrived at the customer's location on January 4.
- Included in the company's year-end inventory because FOB destination shipments transfer ownership only after they are delivered, not while on transit.
3. Goods purchased from a vendor shipped f.o.b. shipping point on December 26 that arrived on January 3.
- Included in the company's year-end inventory because FOB shipping point shipments transfer ownership after they leave the seller's facilities.
4. Goods shipped f.o.b. shipping point on December 28 that arrived at the customer's location on January 5.
- Excluded from the company's year-end inventory because FOB shipping point shipments transfer ownership after they leave the seller's facilities, so they belong to the buyer now.
5. Phoenix had merchandise on consignment at Lisa's Markets, Inc.
- Included in the company's year-end inventory because merchandise on consignment belong to the company, not to Lisa' Market.
6. Goods purchased from a vendor shipped f.o.b. destination on December 27 that arrived on January 3.
- Excluded from the company's year-end inventory because FOB destination shipments transfer ownership only after they have been delivered, not while in transit.
7. Freight charges on goods purchased in 3.
-
Included in the company's year-end inventory because freight costs under FOB shipping point are paid by the buyer.
