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3 years ago

If a pure monopolist is operating in a range of output where demand is elastic:

Business

1 answer:

soldi70 [24.7K]3 years ago

3 0

Answer: The correct answer is "c. marginal revenue will be positive but declining.".

Explanation: If a pure monopolist is operating in a range of output where demand is elastic: marginal revenue will be positive but declining.

To the extent that the monopolist's demand has a negative slope, the marginal income is always below it. And this is so because to sell more the monopolist has to lower the price, and this reduction in the price affects all the units that will sell.

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Schedule of Cash Collections of Accounts Receivable OfficeMart Inc. has "cash and carry" customers and credit customers. OfficeM

Travka [436]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Sales:

30% on cash

70% on account

Sales on account:

25% in the month of the sale

75% in the following month

October $133,000

November 166,000

December 243,000

The Accounts Receivable balance on September 30 was $89,000.

Cash collection October:

Sales on cash= 133,000*0.30= 39,900

Sales on account from October= (133,000*0.7)*0.25= 23,275

Sales on account September= 89,000

Total cash collection= $152,175

Cash collection November:

Sales on cash= 166,000*0.30= 49,800

Sales on account from October= (166,000*0.7)*0.25= 29,050

Sales on account October= (133,000*0.7)*0.75= 69,825

Total cash collection= $148,675

Cash collection December:

Sales on cash= 243,000*0.30= 72,900

Sales on account from October= (243,000*0.7)*0.25= 42,525

Sales on account October= (166,000*0.7)*0.75= 87,150

Total cash collection= $202,575

4 0

3 years ago

Which budget allows a business owner to calculate the amount to charge the customer in order to make a profit

denpristay [2]

Answer:

Budgeted Income Statement in the Master Budget

Explanation:

The Master Budget provides a summary of all the operations of the business. It is made up of Budgeted Manufacturing Account, Budgeted Income Statement and Budgeted Financial Position.

Where the selling price it to be determined, the price giving the desired profits can be calculated by adjusting the sales to the desired profits in the Budgeted Income Statement.

7 0

3 years ago

Cobble Corporation produces and sells a single product. Data concerning that product appear below: Fixed expenses are $499,000 p

kupik [55]

Answer:

b. decrease of $8,900

Explanation:

the sales price and variable costs are missing, so I looked them up:

sales price = $160

variable costs = $48

current operating income:

sales revenue $800,000

variable costs ($240,000)

contribution margin $560,000

fixed costs ($499,000)

operating income $61,000

if the company follows the marketing manager's plan:

sales revenue $867,300

variable costs ($283,200)

contribution margin $584,100

fixed costs ($532,000)

operating income $52,100

operating income will decrease by $61,000 - $52,100 = $8,900

6 0

4 years ago

Wages of 8,000 are earned by workers but not paid as of december 31

arsen [322]

Answer:

huh i dont understand that question no choosing letter

8 0

3 years ago

HELPPPP!!!!!

vodka [1.7K]

1.the base price
2.returns per year
3.ceo mindset
4.balance sheet records
5.assests of the company

7 0

3 years ago