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Mazyrski [523]
3 years ago
15

Consider a firm operating in a competitive market. The firm is producing 40 units of output, has an average total cost of produc

tion equal to $6, and is earning $240 economic profit in the short run. What is the current market price?
Business
1 answer:
bekas [8.4K]3 years ago
8 0

Answer:

Current market price is $12

Explanation:

Total cost of production of 40 units output is 40×$6=$240

Profit=Total sales - total cost

Total sales= profit+total cost= $240+$240= $480

Market price=$480/40=$12

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Answer:

1. early binding enhances performance

2. late binding gives flexibility

Explanation:

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3 0
3 years ago
An employee is _________when a company purchases an insurance policy against losses from theft by that employee.
Rus_ich [418]
<span>An employee is in a BOND when a company purchases an insurance policy against losses from theft by that employee.

Every business owners are advised to bond their employees under Employee Theft Bond upon hiring. This is to protect their businesses from employee theft and avoid possible bankruptcy. Despite rigorous filtering of new hires, there is still a big possibility that employees will steal from the company especially if company transactions are mostly done in cash to cash basis. </span>
6 0
4 years ago
Government forms created by the Federal Reserve must be approved by the Office of the Comptroller of the Currency (OCC). TrueFal
Vikki [24]

Answer:

True

Explanation:

I got it right on my test

5 0
3 years ago
Read 2 more answers
Guggenheim, Incorporated, has a bond outstanding with a coupon rate of 7.3 percent and annual payments. The yield to maturity is
Anni [7]

Based on the coupon rate of Guggenheim Inc's bond as well as its yield to maturity, the market price is $1,768.55.

<h3>What is the market price of the bond?</h3>

First, find the coupon amount:

= 7.3% x 2,000

= $146

The market price is:

= ( 146 x (1 - (1 + 8.5%)⁻²¹) / 8.5%)  + 2,000 / (1 + 8.5%)²¹

= 1,407.97 + 360.58

= $1,768.55

Find out more on bond pricing at brainly.com/question/25596583.

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4 0
2 years ago
The journal entry to close the Fees Earned, $131, and Rent Revenue, $24, accounts during the year-end closing process would invo
Andrews [41]

Answer:

Option B is correct, revenue has the debit side. But, if the rent is an expense and not a revenue, the rent expence will be on the credit side and the fees earned will be on the debit side,so, for this case, option A will be the correct answer

Explanation:

To close the Journal entry here, with fees earned=$131 and rent revenue=$124, accounts during the year end will be closed with the fees earned account(revenue account) and the expenses are closed by transferring the amount of fees accrued or earned account and expense account to the retained earnings in order to bring the revenue accounts and the expenses accounts balance to zero.

5 0
3 years ago
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