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Dima020 [189]
4 years ago
13

​Bette's Breakfast, a perfectly competitive​ eatery, sells its​ "Breakfast Special"​ (the only item on the​ menu) for​ $5.00. Th

e costs of​ waiters, cooks,​ power, food, etc. average out to​ $3.95 per​ meal; the costs of the​ lease, insurance, and other such expenses average out to​ $1.25 per meal. Bette should A. lower her output. B. close her doors immediately. C. raise her prices above the perfectly competitive level. D. continue producing in the short​ run, but plan to go out of business in the long run.

Business
1 answer:
melisa1 [442]4 years ago
6 0

Answer:

D. continue producing in the short​ run, but plan to go out of business in the long run.

Explanation:

Please see attachment.

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Using the income statement for Times Mirror and Glass Co., compute the following ratios:
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Answer:

(A) Interest coverage charge ratio= 6.21

(B) Fixed charge coverage = 2.84

(C) Profit margin ratio= 8.57%

(D) Total assets turnover= 1.55

(E) Return on assets= 13.26%

Explanation:

(A) The Interest coverage charge ratio can be calculated as follows= EBIT/Interest expense

= 45,300/7,300

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(B) The fixed charge coverage can be calculated as follows

= income before fixed charge + interest/fixed charges + interest

= 45,300+13,300/7,300+13,300

= 58,600/20,600

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(C) The profit margin ratio can be calculated as follows

= Net income/sales × 100

= 22,800/266,000 × 100

=0.0857 × 100

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(D) The total assets turnover can be calculated as follows

= Sales/total assets

= 266,000/172,000

= 1.55

(E) The return on assets can be calculated as follows

= Net income/Total assets × 100

= 22,800/172,000 × 100

= 0.13255×100

= 13.26%

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Amelia started an online jewelry business. She is the only owner. This is an example
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Answer:

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Henry is an economist and wants to understand the relationship between inflation and consumer spending habits. For his research,
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Answer:

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Basket Price:

is the sum of the product of the quantitys and prices of the goods thata compose the basket for any given year.

Inflation Rate:

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