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2 years ago

Which of the following is an example of an open college?

Business

1 answer:

Sphinxa [80]2 years ago

5 0

Answer:

Explanation: because its a community and as i see it open means anyone can go hope i got it right and hope this helps

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Jim and Lisa own a dog-grooming business in Champlain, New York, called JL Groomers. There are many buyers and many sellers in t

Elza [17]

The answer is marginal revenue (MR) curve above $22.

Explanation:

Jim and Lisa Groomers will maximize its accounting profit when taking it to 0 its economic profits when marginal revenue = marginal costs.

Economic profits are not the same as accounting profits because they include the opportunity costs of investing the money somewhere else. That is whythe long run firm is not able to make economic profits since as they exist, new competitors will enter the market. But in the case of the shoert run, the firms are able to make economic profit, but by doing so, they cannot maximize their accounting profit.

Economic profit = account profit = Opportunity profit

Opportunity cost are extra costs or benefitslost from choosing one activity or investment over another one.

3 0

2 years ago

In the month of March, Sandhill Salon services 630 clients at an average price of $120. During the month, fixed costs were $26,1

vichka [17]

Answer:

Part 1. total contribution margin in dollars

Total Contribution Margin = $37,800

Part 2. per unit contribution margin

contribution margin per unit of sell = $ 60

Part 3. contribution margin ratio

contribution margin ratio = 50 %

Part 4. break-even point in dollars

break-even point in dollars = $ 52,320

Part 5. break-even point in units

break-even point in units = 436 clients

Explanation:

Part 1. total contribution margin in dollars

contribution margin per unit of sell = Sales Price × 50%

= $120 × 50%

= $ 60

Total Contribution Margin = Number of Clients × Contribution Margin per unit

= 630 × $60

= $37,800

Part 2. per unit contribution margin

contribution margin per unit of sell = Sales Price × 50%

= $120 × 50%

= $ 60

Part 3. contribution margin ratio

contribution margin ratio = Contribution / Sales

= $ 60/ $ 120

= 50 %

Part 4. break-even point in dollars

break-even point in dollars = Fixed Costs / contribution margin ratio

= $26,160 / 0.50

= $ 52,320

Part 5. break-even point in units

break-even point in units = Fixed Costs / contribution per unit

= $26,160 / $60

= 436 clients

6 0

2 years ago

Qualities of useful accounting information

Bad White [126]

Answer:

Understandability.

Relevance.

Consistency.

Comparability.

Reliability.

Objectivity.

6 0

2 years ago

Which student best fills the role of group notetaker? Yuna, who is positive and considers other viewpoints Hiroto, who is focuse

Juliette [100K]

Sora is the best group note taker; she meets are the criteria.

3 0

2 years ago

There are only three stocks in the economy. Stock A has 20 shares outstanding and a price per share of $10. Stock B has 15 share

gregori [183]

Answer:

Market value of stock A = 20 shares x $10 = $200

Market value of stock B = 15 shares x $3 = $45

Market value of stock C = 10 shares x $5 = $50

Total market value $295

Amount to invest in stock A

= $200/$295 x $5,000

= $3,389.83

Explanation:

In this case, we will calculate the market value of each stock by multiplying the number of each stock by their corresponding market prices.

Thereafter, we will divide the market value of stock A by the total market value multiplied by amount available for investment ($5,000).

7 0

2 years ago