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4 years ago

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Suppose that price is below the minimum average total cost (atc) but above the minimum average variable cost (avc), and the mark

et price is expected to rise at least to atc in the near future. in the short run, a firm that is a price taker would:

1 answer:

const2013 [10]4 years ago

7 0

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Which of the following should you do during an interview? Question 2 options: Demand specific benefits. Explain why your previou

ladessa [460]

Answer:

Explain why your previous job was wrong for firing you. Tell stories of how you worked with others to complete a project or solve problems.

Explanation:

I just kow

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3 years ago

"Clauss Company transfers out 14,000 units and has 2,000 units of ending work in process that are 25% complete. Materials are en

diamong [38]

Answer:

a. $112,000

b. $7,500

Explanation:

(a) transferred out

Units transferred out are 100% complete for both materials and conversion costs, thus multiply the Total Cost per Equivalent units with the number of units transferred.

Cost of units transferred out = $8 × 14,000 units

= $112,000

(b) in ending work in process

Units of ending work in process are 100% complete in terms of materials ( since materials are entered at the beginning of the process) whilst 25% complete in terms on conversion cost (applied uniformly during production).

Cost of ending work in process

Materials ($3 × 2,000 units) = $6,000

Conversion ($3 × (2,000 units × 25%)) = $1,500

Total Cost = $7,500

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4 years ago

Elroy Rocket is entering his senior year as an accounting major and has a number of options for his summer break. His options fo

Solnce55 [7]

Answer:

$8,300

Explanation:

Calculation for what Elroy's incremental profit or loss would be if he chooses option 2 over option 1

Using this formula

Incremental Profit of option 2 over option 1= Profit from option 1 - Profit from option 2

Let plug in the formula

Incremental Profit of option 2 over option 1= ($3,600*3)-(3*$1,100 - $800)

Incremental Profit of option 2 over option 1= $10,800 - $2,500

Incremental Profit of option 2 over option 1= $8,300

Therefore Elroy's incremental profit or loss would be if he chooses option 2 over option 1 would be $8,300

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3 years ago

_________ is the process in which a large number of ideas are generated while evaluation of the ideas is suspended.

e-lub [12.9K]

The answer is e. brainstorming. Brainstorming is a group activity technique, wherein a large number of ideas are created, while the evaluation of these ideas are suspended and will be reviewed later on after making a group agreement or decision. Brainstorming can also be used in terms of solving a problem, by gathering ideas for a specific problem, through the help of the spontaneous ideas given by the group’s members.

7 0

3 years ago

Read 2 more answers

The founder of Alchemy Products, Inc., discovered a way to turn lead into gold and patented this new technology. He then formed

Tasya [4]

Answer:

a. The book value and market value of the firm is $1,200,000 and $49,200,000 respectively

b. The price per share and the book value per share is $24.60 and $0.60 respectively

Explanation:

a. The computation of the book value and market value of the firm is shown below:

The book value = Invested amount = $1,200,000

The market value = Invested amount + sales value

= $1,200,000 + $48,000,000

= $49,200,000

b. The computation of the price per share and the book value per share is shown below:

Price per share = Market value of firm ÷ Number of shares

= $49,200,000 ÷ $2,000,000

= $24.60

Book value per share = Book value of firm ÷ Number of shares

= 1,200,000 ÷ $2,000,000

= $0.60

7 0

4 years ago