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4 years ago

11

If a person wants to start a business but limit the amount of liability he is responsible for, a _____________ would be most app

ropriate.

1 answer:

vladimir1956 [14]4 years ago

3 0

He is responsible for a sole partnership

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The reduction in transactions costs per dollar of investment as the size of transactions increases is

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Economies of scale
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3 years ago

As a manager, jermaine, defines goals, set performance objectives, and identify action steps for accomplishing them. jermaine is

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If Jermaine defines goals, set objectives and identifies the steps for having to accomplish them, she is engaged with the management function of planning as planning is a function in management in having to make plans in order to acquire specific goals.

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3 years ago

Information for Pidris Metalworks as of December 31 follows. Prepare (a) the company's schedule of cost of goods manufactured fo

Julli [10]

Answer: hello your question is incomplete attached below is the missing data. ( first image )

answer:

Attached below

Explanation:

A) company's schedule of cost of goods manufactured for year ended

attached below is the required schedule ( second Image )

B) Company's income statement

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7 0

3 years ago

Anu’s Amusement Center has collected the following data for operations for the year. Total revenues $ 1,980,000 Total fixed cost

Nostrana [21]

Answer:

a. Average selling price per unit = $30

b. Average variable cost = $16

c. Average Contribution margin per ticket = $14

d. Break Even Point = 46,600 Tickets

e. For profit of $306,600 = 68,500 tickets

Explanation:

As for the provided information we have,

a. Average selling price per unit = $\frac{Total\ Sales\ Revenue}{Number\ of\ Units}$

Provided total sales revenue = $1,980,000

Number of units = $66,000

Thus, average selling price = $\frac{1,980,000}{66,000} = 30$ = $30 per unit.

b. Average variable cost = $\frac{Total\ variable\ cost}{Number\ of\ units}$

Provided total variable cost = $1,056,000

Number of units = $66,000

Thus, average variable cost per unit = $\frac{1,056,000}{66,000} = 16$ = $16 per unit

c. Average Contribution margin per ticket = Average selling price per ticket - Average variable cost per ticket = $30 - $16 = $14 per unit.

Alternatively it can be calculated as $\frac{Total\ sales - Total\ variable\ cost}{Number\ of\ units}$ = $\frac{1,980,000 - 1,056,000}{66,000} = 14$

d. Break Even Point = $\frac{Fixed\ Cost}{Contribution\ per\ unit}$

Fixed cost = $652,400

Contribution per unit = $14 per unit

Break even point = $\frac{652,400}{14} = 46,600$ = 46,600 Tickets

e. In this case desired profit = $306,600

Fixed cost = $652,400

Total amount to be recovered through contribution = $306,600 + $652,400 = $959,000

Thus, number of tickets to be sold = $\frac{959,000}{14} = 68,500$

That is 68,500 tickets.

3 0

3 years ago

The Coase theorem states that, in the presence of externalities, a market economy will:

Vinil7 [7]

Answer:

d) reach an efficient solution if transaction costs are sufficiently low and property rights are well-defined.

Explanation:

Coase theorem states that the elected parties are able to find the efficient solution for externalities if the transaction cost are low.

Main points of Coase theorem

1) Parties able to find efficient solution when affected by externality

2) Transaction cost must be low but practically it rarely low so in that case coase theorem sometimes inapplicable

4 0

4 years ago