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KatRina [158]
3 years ago
5

Reiko started a business selling home medical supplies. She spent $5200 to obtain her merchandise, and it costs her $550 per wee

k for general expenses. She earns $900 per week in sales. What is the minimum number of weeks it will take for Reiko to make a profit?
Business
1 answer:
ratelena [41]3 years ago
7 0

Answer:

it will take around 15 weeks to for Reiko to make a profit

Explanation:

Given:

Amount spent to obtain merchandise = $5,200

Cost of general expenses = $550

Earnings from sales per week = $900

Now,

Let 'x' be the number of weeks taken to make profit

thus,

Total cost involved = $5,200 + ( $550 × x )

Total profit from sales = $900 × x

for making profit

$900 × x ≥ $5,200 + ( $550 × x )

or

350x ≥ 5,200

or

x ≥ 14.85 weeks

thus,

it will take around 15 weeks to for Reiko to make a profit

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Answer:

Yes, This is True.

Explanation:

Marginal cost is the cost of one additional unit. The marginal cost curve will slope upwards because firm will pay more wage to the worker who produce more output. This can be regarded as the increase in output leads to increased wage rate. The marginal cost curve will be upward sloping because there will be addition to the marginal cost due to increase in one unit of output.

4 0
3 years ago
In the long run, profits in a monopolistically competitive market are zero because: a. of government regulations. b. of collusio
zvonat [6]

Answer:

c. firms are free to enter and exit the market.

Explanation:

A monopolistically competitive market is a market in which there are a lot of organizations that sell products that are similar and it tends to be easy to enter and leave the industry. Because it is easy for a company to enter the market and there is a lot of competition, in the long run the economic profit is zero. According to this, the answer is that in the long run, profits in a monopolistically competitive market are zero because firms are free to enter and exit the market.

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6 0
3 years ago
A monopoly is illegal:_____.
stiv31 [10]

Answer:

B

Explanation:

3 0
3 years ago
The following facts relate to Duncan Corporation.
lyudmila [28]

Answer:

Duncan Corporation

a. The amount of the accounting income for 2019 is:

= $270,000

b. Journal Entries:

Debit Income tax expense $46,000

Credit Income tax payable $46,000

To record the income tax expense for 2019.

Debit Deferred tax asset $30,000

Credit Profit and Loss $30,000

To record the deferred tax asset

Debit Profit and Loss $80,000

Credit Deferred tax liability $80,000

To record the deferred tax liability.

Explanation:

a) Data and Calculations:

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add Cumulative temporary difference, giving

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less Cumulative temporary difference, giving

rise to future deductible amounts =             $95,000

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Income tax expense:

Taxable income = $115,000

Tax rate (40%)         46,000

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3 years ago
What types of skills do people in the hospitality and tourism fields have in common? Check all that apply.
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They have empathy, emotional intelligence, teamwork, stress and time management, problem-solving, and strategy and innovation in common.

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