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Yuri [45]
3 years ago
5

B. the product of abcgolf uses several exotic raw materials. the government places a tax on those raw materials, and the mc and

atc both increase. how will the profit maximizing price and quantity change as a result
Business
1 answer:
vaieri [72.5K]3 years ago
8 0
When marginal cost and average total cost for a product is increased, the amount of price needed by companies to accomplish target profit will also be increased (ncrease in profit maximizing price).
On the other hand, the quantity change will showd lower amount of material due to the expenses in acquiring the material at new cost.
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A statistic is said to be unbiased if:
neonofarm [45]
B. The mean of its sampling distribution is equal to the true value of the parameter being estimated
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7 0
3 years ago
Record journal entries for the following transactions. (a) On December 1, $18,000 was received for a service contract to be perf
Aliun [14]

Answer:

See explanation section

Explanation:

(a) December 1     Cash             Debit    $18,000

                        Unearned revenue      Credit    $18,000

<em>Note: The company received the money in advance for a contract to do during December to April. Therefore, they received cash while a liability increased due to receiving advance money.</em>

(b) December 31   Unearned revenue     Debit    $3,600

                            Service revenue           Credit    $3,600

<em>Note: As the company started performing, after the completion of 1st month, i.e., December 1 to December 31, the advance money started expiring because of providing services. Moreover, as the service is performed evenly for 5 months, the 1st month's revenue = $(18,000/5) = $3,600.</em>

5 0
3 years ago
The Wilmoths plan to purchase a house but want to determine the after-tax cost of financing its purchase. Given their projected
iVinArrow [24]

Answer:

the annual after-tax cost of financing the purchase of the home is $23,638.40

Explanation:

The computation of the annual after-tax cost of financing the purchase of the home is shown below:

= Installment amount - tax saving

= $33,200 - ($29,880 × 32%)

= $33,200 - $9,561.60

= $23,638.4

hence, the annual after-tax cost of financing the purchase of the home is $23,638.40

We simply applied the above formula

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3 years ago
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3 0
3 years ago
Read 2 more answers
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