I think so this is your holiday homework and teachers are thinking that you are doing your self
Answer:
Should shut down if its short-run average variable cost exceeds $25.
Explanation:
This directly explains the firms profit maximizing level of output in a short run. And in the scenario above, the firm made a $25 gain per unit output, it is advised the firm should shut down if its shut run average variable cost exceeds $25.
A process that companies undergo to determine the best output and price levels in order to maximize its return. The company will usually adjust influential factors such as production costs, sale prices, and output levels as a way of reaching its profit goal. There are two main profit maximization methods used, and they are Marginal Cost marginal Revenue Method and Total Cost total Revenue Method. Profit maximization is a good thing for a company, but can be a bad thing for consumers if the company starts to use cheaper products or decides to raise prices.
Answer:
$395,850
Explanation:
Calculation for Cushman Company Gross profit
Using this formula
Gross Profit=Sales-Sales discounts-Sales returns and allowances-Cost of goods sold
Let plug in the formula
Gross Profit = $812,000 - $12,180 - $18,270- $385,700
Gross profit= $395,850
Therefore Cushman Company Gross profit will equal $395,850
Answer:
honesty, responsibility, respect and fairness.
Explanation:
Project management can be defined as a strategic process which typically involves planning, execution and completion of a project at a specific period of time, through the use of knowledge, skills and experience.
In project management, an important factor that plays a significant role in the daily behavior and interaction between all project managers and their client is ethics.
Hence, project Management Institute (PMI) members have determined that honesty, responsibility, respect and fairness are the values that drive ethical conduct for the project management profession.
<em>Generally, all parties such as clients, employees, taxpayers, stakeholders and vendors have rest of mind as a result of the code of ethics (honesty, responsibility, respect and fairness) that are binding on project management professionals</em>.
Answer:
The required adjusting entries before the financial statements can be prepared are:
Debit Note receivable $39,600
Credit Cash $39,600
<em>(To record note receivable)</em>
Debit Interest receivable $264
Credit Interest revenue $264
<em>(To record interest receivable on note - March 31)</em>
Explanation:
Note receivable is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.
Interest revenue on the note is calculated as: Principal x Interest Rate x Time
In this case, the total interest revenue is $39,600 x 8%/12 x 4 months = $1,056.
Monthly interest revenue is therefore $1,056 / 4 months = $264.
