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OverLord2011 [107]
3 years ago
13

"If the market price is​ $20, then to maximize profits this firm should produce" A. two units of output. B. zero units of output

. C. an output level of about four. D. one unit of output.
Business
1 answer:
klio [65]3 years ago
4 0

Answer: C. an output level of about four.

Explanation: In order to maximize profit, the firm should produce where its marginal revenue and marginal cost are equal. The firm's marginal cost of production is $20 for each unit. When the firm produces 4 units, its marginal revenue is $20. Thus, the firm should produce 4 units of output.

To find it, divide the total cost (TC) by the quantity the firm is producing (Q). Average cost (AC) or average total cost (ATC): the per-unit cost of output.

Output producer prices are the basic prices received by the producer exclusive of taxes on products, separately invoiced transport charges, and retail and wholesale margins.

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Livingston Fabrication has created the following aggregate plan for the next 5 months (see PDF): Assume that Livingston will hav
Andreyy89

Answer:

Explanation:

worker's production rate = 60/3 = 20units per hour

monthly capacity 160 x 20 = 3200 units.

capacity needed to produce 2000000 units

= 2000000/3200

= 625

therefore, since they already have 500 workers, they need to hire 125 more workers.

b) At the end of October they will have 2 million inventory.

c) Average inventory in each of the months has been listed in the attachment below.

3 0
3 years ago
Which method describes the inventory process in which the first items to be
spin [16.1K]

Answer:

Last in, Fast out (LIFO)

Explanation:

The Last in, Fast out (LIFO) method is an accounting method used to attach value to inventory.  Under the LIFO formula, the assumption is that the last item to be purchased will be sold first. The costs of the final goods to be produced or purchased will be used to expense the first batch of products to be sold.

LIFO is the contrast of FIFO, which stands for first in first out.  LIFO, as an inventory accounting technique, is rarely used outside the US. The approach is suitable for large businesses with huge inventories such as car dealers and retailers.

7 0
3 years ago
Read 2 more answers
Suppose you observe the following situation: Security Beta Expected Return Pete Corp. 1.45 .155 Repete Co. 1.14 .128 Assume thes
balu736 [363]

Answer:

Expected return on the market = 11.58%

Explanation:

MRP = Market risk premium

RFR = Risk free rate

ERM = Expected return on market

MRP = \frac{0.155-0.128}{1.45-1.14}=\frac{0.027}{0.31}= 0.0871

MRP = 8.71%

RFR = 0.155 - (1.45*0.0871) = 0.155 - 0.126295 = 0.0287

RFR = 2.87%

ERM = MRP + RFR = 8.71% + 2.87%

ERM = 11.58%

Hope this helps!

3 0
3 years ago
On September 12, Vander Company sold merchandise in the amount of $4,600 to Jepson Company, with credit terms of 2/10, n/30. The
Hitman42 [59]

Answer:

Dr Cash 4,116

Dr Sales discounts 84

Cr Accounts receivable 4,200

Explanation:

Vander Company Journal entry

Dr Cash 4,116

(4,200-82)

Dr Sales discounts 84

Cr Accounts receivable 4,200

Calculation of Sales discounts

4,200*2%

=84

Merchandise

(4,600-400)

=4,200

4 0
3 years ago
On January 2, Dixie, Inc., pays a salvage company $1,000 to haul away a machine costing $28,000 with accumulated depreciation of
Alex Ar [27]

Answer:

Dr Accumulated depreciation-Machinery 28,000

Dr Loss on disposal 1000

Cr Cash 1000

Cr Machinery 28,000

Explanation:

Based on the information given the appropriate journal entry to record the transaction on On January 2 is :

On January 2

Dr Accumulated depreciation-Machinery 28,000

Dr Loss on disposal 1000

Cr Cash 1000

Cr Machinery 28,000

3 0
3 years ago
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