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3 years ago

Select all the correct answers.

1 answer:

6 0

All of the given questions are part of the critical questions that entrepreneurs need to ask themselves. Being an entrepreneur needs a lot of thinking and planning and these questions should be taken into account. Running a business would include the location fit for the type of business you have, the structure of your business, how you recruit workers and the incentives you give them, and most importantly, your capital.

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At which price and quantity combination would the government regulate this firm to get as close as possible to the most efficien

Kipish [7]

Answer:

Point C and G. Refer to the attached image.

Explanation:

According to the attached image, the price and quantity combination the government would regulate this firm to get as close as possible to the most efficient point for society is C and G because, this is the point where marginal cost MC and Average Total Cost intercept and form lower equilibrium point.

This means that if company sell at this point they will not run at shortage and also for buying society, the quantity they will buy is also at the increase making it the most efficient point for the society.

3 0

3 years ago

Wise Company estimates the following unit sales. 1st quarter - 20,000 units 2nd quarter - 26,000 units 3rd quarter - 30,000 unit

KonstantinChe [14]

Answer:

Since 20% of the goods of the next quarter need to be produced beforehand in the second quarters start there will already be a starting inventory of (0.2*26,000)=5,200

This means that in the second quarter to meet the the sales (26,000-5,200)=20,800 need to be produced

Also 20% of next quarters unit sales also needs to be produced in the second quarter so (0.2*30,000)=6000

Budgeted production in the 2nd quarter= 20,800+6,000=34,000

Explanation:

3 0

3 years ago

8. Brady Inc. reported FIFO ending inventory of $114,000 and FIFO beginning inventory of $110,000 for 2018. Inventory purchases

atroni [7]

Answer:

$232,825

Explanation:

Step 1: Calculation of cost of goods sold (COGS) under First In First Out (FIFO)

Since we know that;

Ending inventory = Beginning inventory + Purchase - COGS of FIFO

Therefore, we can rearrange to make COGS the subject of the formula and substitute the values as follows:

COGS under FIFO = Beginning inventory + Purchase - Ending inventory

= $110,000 + $237,500 - $114,000 =

COGS under FIFO = $233,500

Step 2: Calculation of COGS under Last In First Out (LIFO)

COGS under LIFO = COGS under FIFO - Rise in LIFO reserve

= $233,500 - $675

COGS under LIFO = $232,825

Therefore, the value of COGS LIFO for Brady Inc. in 2018 is $232,825.

7 0

2 years ago

A narrative report is a type of inspection report that's

hodyreva [135]

A method that a home inspector uses in report writing.

7 0

3 years ago

In an effort to increase customer loyalty, management at Phat International has worked to create a personaldialogue with their c

IRISSAK [1]

Answer: Relationship Marketing

Explanation:

Relationship marketing is a form of marketing where a business tries to create a lasting bond with their customers, done by constant communication with their customers to get feedback of their products/ services.

Phat International is making use of dialogue with their customers to create more loyal customers which is a form of relationship marketing.

3 0

3 years ago