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4 years ago

6

Total profit is maximized a. where the difference between total revenue and total cost is greatest. b. at that output level wher

e marginal revenue equals average cost. c. where total revenue is at a maximum. d. at the point where all variable costs are covered.

1 answer:

Bess [88]4 years ago

4 0

I believe that the correct answer is b

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3 years ago

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_____ uses an iterative process that repeats the design, development, and testing steps as needed, based on feedback from users.

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Answer: Rapid Application Development (RAD)

Explanation:

Rapid Application Development (RAD) is a method of developing software that tries more to develop a working model first and then adjusts as it receives feedback from users. It essentially is evolving every time because instead of planning for what is needed ahead of time, it simply makes a product and changes it as needed to fit the actual needs of the customers.

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3 years ago

Structure is important because it helps our minds begin to develop expectations about what will happen next in a piece of music.

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3 years ago

A company has revenues of $100 during Year 1. Each year their profit is 20% of revenue. Revenue is growing 15% per year. How muc

oksian1 [2.3K]

Answer:

$406.07

Explanation:

Revenue for year 1 = $100

Profit = 20%

Growth rate of revenue, = 15% per year = 0.15

Now,

year 1 is the base year thus, take it as n = 0

Revenue for the year = $100 × ( 1 + r )ⁿ

Profit = 20% of [$100 × ( 1 + r )ⁿ]

Year n Revenue Profit

1 0 $100( 1 + r )⁰ $20

2 1 $100( 1 + r )¹ $23

3 2 $100( 1 + r )² $26.45

4 3 $100( 1 + r )³ $30.4175

5 4 $100( 1 + r )⁴ $34.98

6 5 $100( 1 + r )⁵ $40.227

7 6 $100( 1 + r )⁶ $46.261

8 7 $100( 1 + r )⁷ $53.2004

9 8 $100( 1 + r )⁸ $61.1804

10 9 $100( 1 + r )⁹ $70.357

Hence,

Total profit for the year 1 - 10 = $406.07

5 0

3 years ago

Without prejudice to your solution to part (a), assume that you computed the June 30, 2020, inventory to be $60,480 at retail an

nataly862011 [7]

Answer:

The June 30, 2020, inventory at the June 30 price level under the dollar-value LIFO retail method:

$65,318.40

Explanation:

a) Data and Calculations:

June 30, 2020 Inventory = $60,480 at retail

Ratio of cost to retail = 68%

Inventory at cost = $41,126.40 ($60,480 * 68%)

General price level increase from 100 to 108

Inventory at the June 30 price level under the dollar-value LIFO retail method:

Inventory at cost = $44,416.50 ($41,126.40 * 108/100)

Inventory at retail = $65,318.40 (44,416.50/68%)

3 0

3 years ago