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Mademuasel [1]
3 years ago
9

In order for a firm to earn economic profits, price must exceed average total cost.

Business
1 answer:
valentina_108 [34]3 years ago
8 0
In order for a firm to earn economic profits, price must exceed average total cost.

This is  A. true. 
You might be interested in
Carter Corporation made sales of $900 million during 2016. Of this amount, Carter collected cash for $871 million. The company's
CaHeK987 [17]

Answer: (a) $295 million

(b) $326 million

Explanation:

Given that,

Sales = $900 million during 2016

Cash = $871 million

Cost of goods sold = $280 million

Expenses for the year totaled = $325 million

Paid for Inventory = $375 million

Paid for everything else = $285 million

Beginning cash = $115 million

(a) Net Income = Sales - Cost of goods sold - Expenses for the year totaled

                        = $900 - $280 - $325

                        = $295 million

(b) Carter's cash balance at the end of 2016:

= Cash + Beginning cash - Paid for Inventory - Paid for everything else

= $871 + $115 - $375 - $285

= $326 million

4 0
3 years ago
Joseph Juran provided guidance regarding how to conduct quality planning, quality control, and quality improvement. Which of the
Grace [21]

Answer:

b. work to identify root causes, not just symptoms.

Explanation:

The main thing on which Joseph Juran focused was on quality, how it could be improved in planning, and performing properly.

This provided for the quality controls, plans, improvements which could be made, but it did not work on finding the causes behind the lack that why it could not be achieved.

Accordingly it did not in manner focused on the finding the symptoms or root causes.

As it was focused on the action of now what can be done.

7 0
3 years ago
You just bought a big house and have plans to buy a bunch of furniture, top-notch appliances, and complete some extensive landsc
Westkost [7]
<span>The conclusion for this action should the Fed predicts inflation and wants slow the economy by decreasing money supply. Because the budget for these activities is significant, but you are in no hurry. You plan to retire in this house. As you are considering your options, you read that the Federal Reserve has abruptly decided to sell a significant quantity of government securities in the coming months.</span>
7 0
3 years ago
Hernandez Company has 560,000 shares of $10 par value common stock outstanding. During the year, Hernandez declared a 10% stock
denis-greek [22]

Answer:

RE decrease: 1,960,000

Explanation:

Retained earnings will decrease for the total amount of the dividends.

<u>stocks dividends</u>

560,000 shares

10% stock dividends: 560,000 x 10% = 56,000 shares

56,000 x $30 = 1,680,000 stock dividends

<u>cash dividends:</u>

560,000 x 0.50 per share = 280,000 cash dividends

Total dividends: 1,680,000 + 280,000 = 1,960,000

that will be the RE decrease

3 0
3 years ago
Demand management variables include: A. Pricing, inventory, and advertising B. Reservations, pricing, and advertising C. Subcont
Marta_Voda [28]

Answer:

B. Reservations, pricing, and advertising

Explanation:

Demand management variable analyses profit contribution of products and customers. Enhancing demand for profitable products and customers, while decreasing demand for unprofitable ones.

Demand management involves pricing, advertising, reservation, and complimentary offerings.

It is a way for the business to maximise profit from activities that gives it more profit, while reducing activities that are relatively less profitable. This increases the efficiency of the business.

8 0
3 years ago
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