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3 years ago

A perfectly competitive firm will maximize profit or minimize losses in the short run by producing at the point where:

Business

1 answer:

Marina CMI [18]3 years ago

6 0

Answer:

The correct answer is option C.

Explanation:

A perfectly competitive firm faces a horizontal line demand curve at the market-determined price. This demand curve also represents average revenue and marginal revenue.

The firm is able to maximize profits or minimize loss at the point where the marginal cost is equal to the price or marginal revenue and the price is such that the average fixed cost is being covered.

In the short run, some costs are fixed while others are variables, a firm is able to minimize losses if the price is greater than AFC. But in the long run, all costs are variable so price should be either higher than or equal to ATC to maximize profits and minimize losses.

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A president who pursues foreign policy strategies that focus on promoting military defense and homeland security and perceives i

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A president who pursues foreign policy strategies that focus on promoting military defense and homeland security and perceives involvement in international organizations or cooperation with other countries as a potential threat to the national security and sovereignty of his or her country is following a grand strategy of _____.

isolationism

<h3>What is isolationism?</h3>

A national foreign policy that advocates against getting involved in the political issues, and notably the wars, of other nations is known as isolationism. As a result, isolationism is fundamentally against joining military alliances and agreements on mutual defence.

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2 years ago

Livebinders is an example of a(n) _______________.

sladkih [1.3K]

<span>The answer is C. research and content manager
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4 years ago

Read 2 more answers

Teagan Company uses Departmental Overhead allocation to allocate its manufacturing overhead costs. It has identified two depart

Sunny_sXe [5.5K]

Answer:

Machining:

Allocated MOH= $603

Assembly:

Allocated MOH= $450

Explanation:

Giving the following information:

Machining:

Allocates overhead using machine-hours

Estimated manufacturing overhead: $670,000

Estimated machine-hours= 10,000

Assembly:

Allocates overhead using direct labor hours.

Estimated manufacturing overhead: $450,000

Estimated direct labor hours= 15,000 hours

First, we need to calculate the estimated manufacturing overhead rate for each department:

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Machining:

Estimated manufacturing overhead rate= 670,000/10,000= $67 per machine hour

Assembly:

Estimated manufacturing overhead rate= 450,000/15,000= $30 per direct labor hour.

Job 601:

Machining Department: 9 Machine Hours

Assembly Department: 15 DL hours

To allocate overhead we use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Machining:

Allocated MOH= 67*9= $603

Assembly:

Allocated MOH= 30*15= $450

5 0

3 years ago

The inventory account is a controlling account for the inventory subsidiary ledger that contains a separate record for each sepa

Sladkaya [172]

True. The inventory account is a controlling account for the inventory subsidiary ledger that contains a separate record for each separate product. A controlling account is where the general ledger corresponds to the newly created ledger. The inventory account keeps track of all inventory that is being used in the store that the accounting is being completed for.

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3 years ago

An investment adviser representative who prepares financial plans for customers is also a registered life insurance agent in tha

Alex777 [14]

Answer:

D. Recommendation to buy life insurance does not make the investment advice any less objective.

Explanation:

investment adviser representative are also regarded as financial planner are advisers that gives advice in term of financial service to firms or individual or his/ her customer

In the situation described in the question whereby, the agent recommends that a customer sell a mutual fund holding and use the proceeds to buy life insurance, then these information are needed to be disclosed to the customer

✓. Sale of the mutual fund mayor is alt in a taxable event to the customer

✓Recommendation to purchase life insurance is in no way connected to the services offered by the advisory firm

✓Agent will earn a commission on the life insurance purchased by the customer

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4 years ago