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lawyer [7]
3 years ago
5

Young Johnny inherited the only local cable TV company in town after his father passed away. The company is completely unregulat

ed by the government and is therefore free to operate as it wishes. Assuming that Johnny understands the true power of his new monopoly, he is probably most excited about which of the following statements?
(i) He will be able to set the price of cable TV service at whatever level he wishes.
(ii) The customers will be forced to purchase cable TV service at whatever price he wants to set.
(iii) He will be able to achieve any profit level that he desires

A. (i) only
B. (ii) only
C. (i) and (iii)
D. All of the above are correct.
Business
1 answer:
Marianna [84]3 years ago
4 0
The answer is A. (i) only
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Wasilko Corporation produces and sells one product. a.The budgeted selling price per unit is $114.Budgeted unit sales for Februa
USPshnik [31]

Answer:

C) $21,080

Explanation:

The computation of the net operating income is given below:

Particulars                                          Per unit               Total

Sales                                                  $114                   $1,128,600

Less: Variable expenses:

Raw material cost (6 pounds for $4)  $24              $237,600

Direct labor cost (2.4 hours for $24)  $58             $570,240

Manufacturing overheads (2.4 hours for $9)  $22  $213,840

Variable selling and admin expenses  $2              $15,840

Contribution margin              $9                           $91,080

Less: Fixed Selling and admin exp                  $70,000

Net operating income                                     $21,080

3 0
2 years ago
Bob returns goods bought on credit from Tariq, which ledger a/c entries record this in Tariq's book?
Elza [17]

Answer:

<u>D. Purchase returns Bob</u>

Explanation:

  • Purchase refers to payment by credit
  • So, it is either B or D
  • D sounds like the more sensible option
7 0
2 years ago
Read 2 more answers
Which of the following is NOT be a warning sign of a scam when buying a car or other big purchases?
givi [52]

Answer:

D. A price that fits comfortably in your budget

4 0
3 years ago
Complete the following sentence.
babunello [35]

Answer:

The answer is "Mission".

Explanation:

Vision is a dream. In fact, it is the dream of the founders of where the business will go and what it will do!

Mission is the foundation of realization of the Vision and afterwards the organizational strategies and objectives are created based on the mission.

having a realist and attainable mission is a must for an organization to thrive!

4 0
3 years ago
Total interest paid on a 30-year straight note was $230,000 during the term of the loan. The annual interest rate was 6.6%. What
dsp73

Answer:

$116,161.616

Explanation:

Given that,

Total interest paid = $230,000

Time period = 30 year

Annual interest rate = 6.6%

Total interest on loan = Loan amount × Interest rate × Time period

$230,000 = Loan amount × 6.6% × 30 years

Loan amount:

=\frac{230,000}{0.066\times 30}

=\frac{230,000}{1.98}

      = $116,161.616

Therefore, the loan amount is $116,161.616.

3 0
3 years ago
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