Answer:
Explanation:
Unit level costs = $45*1000= $45,000
Add: Additional costs = $10,000
<em>Total cost $55,000</em>
Number of units 1000
cost per unit = 55,000/1000 = $55
At $55 company will be between accepting and rejecting the special order
The answer is marginal revenue (MR) curve above $22.
Explanation:
Jim and Lisa Groomers will maximize its accounting profit when taking it to 0 its economic profits when marginal revenue = marginal costs.
Economic profits are not the same as accounting profits because they include the opportunity costs of investing the money somewhere else. That is whythe long run firm is not able to make economic profits since as they exist, new competitors will enter the market. But in the case of the shoert run, the firms are able to make economic profit, but by doing so, they cannot maximize their accounting profit.
Economic profit = account profit = Opportunity profit
Opportunity cost are extra costs or benefitslost from choosing one activity or investment over another one.
Answer:
The answer is: A) Extraordinary gains from extinguishment of debt.
Explanation:
Other comprehensive income (OCI) refers to gains that have an effect on the balance sheet of a business but are not included in its income statement. They are reported separately on the statement of comprehensive income along with the net income. These gains have not yet been realized. For example, your company owns government bonds and their price increases, but the company has not sold them yet, so no capital gain has been realized.
Answer: F
Explanation:
An oligopoly is a market structure in which a large number of firms dominate the market.
An oligopoly is a market structure in which a large number of firms dominate the market. FALSE.