Answer:
Jenny will stay in the short and long run and Joe will stay in the short run and exit in the long run.
Explanation:
Joe's price is > average variable cost but < than average total cost. This means that he can continue to operate in the short run as long a the AVC is lower than the price, but on the long run he will close. He will not be able to make a profit in the long run, but his business can "survive" in the short run.
Jenny's price is > average variable cost and > than average total cost. She can continue to operate in the short and long run.
Answer:
desktop cost $2433.33
laptop cost $2633.33.
Explanation:
Let x = desktop price
let y = laptop price
from the information given in the question, laptop price is 200 more than the desktop price.
which mean, y = x + 200.
R_1 = Rate of interest on desktop.
R_2 = Rate of interest on laptop.
R_1 = 0.05 * x
R_2 = 0.07 * y
The total finance charges for one year is 350.
therefore
R_1 + R_2 = 350
0.05x + .07y = 350.
since y = x + 200,
.05x + .07(x+200) = 306.
.05x + .07x + 14 = 306
0.12X = 292
X = $2433.33
We know that
since y = x + 200,
therefore y = $2633.33.
desktop cost $2433.33
laptop cost $2633.33.
Answer:
Dr Equipment $60,000
Cr. Horton, capital $60,000
Explanation:
Based on the information given we were told that Both of the partners agree that the fair value of the equipment was the amount of $60,000 which means that The appropiate journal entry made by the partnership to record Horton's investment should be:
Dr Equipment $60,000
Cr. Horton, capital $60,000
Answer:
the water cooler; air conditioning
Explanation:
It’s probably costing us more for the water cooler, but I’ll bet we’re saving on air conditioning.
The statement, "According to an SEC investigation, Computer Associates, one of the world's largest software companies, backdated contracts to boost the company's reported revenues. This is not prescribed as an ethical business practice." is True
.
Option a
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Explanation:
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To thrive in the competitive world of business one has to have ethics in doing business. By doing ethical practices in the business it will boost the image of the company before the customer and it will be helpful for them to compete in the market.
From the above statement even though it is the world's largest software company it has backdated the projects contracts period to show better performance in the revenues.
Even though the project are genuine but the moral responsibility in reporting revenues to the investors take taken a dent by doing an unethical thing.
