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Taya2010 [7]
3 years ago
10

When perfectly competitive firm X sells three units of product Z, its marginal revenue is $4.67. When it sells one hundred units

, marginal revenue is $4.67. We can conclude that the price is: ____
(A) $4.67.
(B) dropping.
(C) The price cannot be calculated with the information given.
(D) too high.
Business
1 answer:
Sedaia [141]3 years ago
8 0

Answer:

<u>A) $4.67</u>

Explanation:

In a perfectly competitive market, marginal revenue always is equal to price.  Also, the price is not determined by the firms, it is given by the market because producers doesn´t have any power of decision in this matter.

Due to that, the price is constant, independent the quantity sold.

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If a commercial banking system has $200,000 in checkable deposits, actual reserves of $70,000, and a reserve ratio of 20 percent
Solnce55 [7]

Answer:

B. False

Explanation:

The banking system can expand the supply of money by a maximum of $1,000,000 ($200,000/0.2).

The maximum currency creation by the banking system is a function of the checkable deposits and the reserve ratio.  The formula for this is called the money multiplier, and is given as the checkable deposits divided by the reserve ratio.  With this multiplier factor, banks can increase the currency in circulation.  This is why central banks use the reserve ratio to monitor the supply of money in their economies.

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3 years ago
A ________ perspective on quality involves a subjective assessment of the efficacy of every step on the process for the customer
Butoxors [25]

Answer:

Value-Added.

Explanation:

A value-added perspective on quality involves a subjective assessment of the efficacy of every step on the process for the customer. A value-added perspective on quality is a strategic business approach in which businesses engage in activities that brings value, benefits or satisfaction to the consumer of its goods and services, to achieve this goal, business managers usually ensures that the manufacturing and distribution process or steps are effective and efficient.

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3 years ago
A Liquidation of a partnership LO P5 Kendra, Cogley, and Mei share income and loss in a 3:2:1 ratio (in ratio form: Kendra, 3/6;
morpeh [17]

Answer:

a. Inventory is sold for $608,400.

gain on sale of inventory = $608,400 - $537,600 = $70,800

allocation of gain:

Kendra 1/2 x $70,800 = $35,400

Cogley 1/3 x $70,800 = $23,600

Mei 1/6 x $70,800 = $11,800

Dr Cash 608,400

    Cr Inventory 537,600

    Cr Gain on sale of inventory 70,800

Dr Gain on sale of inventory 70,800

    Cr Kendra, capital 35,400

    Cr Cogley, capital 23,600

    Cr Mei, capital 11,800

Dr Accounts payable 258,000

    Cr Cash 258,000

Dr Kendra, capital 112,100

Dr Cogley, capital 196,175

Dr Mei, capital 146,025

    Cr Cash 454,300

b. Inventory is sold for $469,200.

loss on sale of inventory = $469,200 - $537,600 = -$69,400

allocation of loss:

Kendra 1/2 x $68,400 = $34,200

Cogley 1/3 x $68,400 = $22,800

Mei 1/6 x $68,400 = $11,400

Dr Cash 469,200

Dr Loss on sale of inventory 68,400

    Cr Inventory 537,600

 

Dr Kendra, capital 34,300

Dr Cogley, capital 22,800

Dr Mei, capital 11,400

    Dr Loss on sale of inventory 68,400

Dr Accounts payable 258,000

    Cr Cash 258,000

Dr Kendra, capital 42,400

Dr Cogley, capital 149,775

Dr Mei, capital 122,825

    Dr Cash 315,100

c) c. Inventory is sold for $358,800 and any partners with capital deficits pay in the amount of their deficits.

loss on sale of inventory = $358,800 - $537,600 = -$178,800

allocation of loss:

Kendra 1/2 x $178,800 = $89,400

Cogley 1/3 x $178,800 = $59,600

Mei 1/6 x $178,800 = $29,800

Dr Cash 358,800

Dr Loss on sale of inventory 178,800

    Cr Inventory 537,600

 

Dr Kendra, capital 89,400

Dr Cogley, capital 59,600

Dr Mei, capital 29,800

    Dr Loss on sale of inventory 178,800

Dr Cash 12,700

    Cr Kendra, capital 12,700

Dr Accounts payable 258,000

    Cr Cash 258,000

Dr Cogley, capital 112,975

Dr Mei, capital 104,425

    Dr Cash 217,400

   

d. Inventory is sold for $298,800 and the partners have no assets other than those invested in the partnership.

loss on sale of inventory = $298,800 - $537,600 = -$238,800

allocation of loss:

Kendra 1/2 x $238,800 = $119,400

Cogley 1/3 x $238,800 = $79,600

Mei 1/6 x $238,800 = $39,800

Dr Cash 298,800

Dr Loss on sale of inventory 238,800

    Cr Inventory 537,600

 

Dr Kendra, capital 119,400

Dr Cogley, capital 79,600

Dr Mei, capital 39,800

    Dr Loss on sale of inventory 238,800

Dr Cogley, capital 28,467

Dr Mei, capital 14,233

    Cr Kendra, capital 42,700

Dr Accounts payable 258,000

    Cr Cash 258,000

Dr Cogley, capital 64,508

Dr Mei, capital 80,192

    Dr Cash 144,700

6 0
3 years ago
Within the​ growth-share matrix,​ "cash cows" are​ __________.
Flura [38]

Within the​ growth-share matrix,​ "cash cows" are low-growth, high-share businesses or products.

4 0
3 years ago
What are the most important information needs that a governmental annual report should fulfill for each of the following: ______
vladimir2022 [97]

Answer:

1. Compensation for employment services that they offer.

2. Disbursement in sufficient proportions of the available funds.

3. How the government have used their tax money.

4. The ability and capacity of the government to honor debts.

Explanation:

Each stakeholder to the governmental annual report hold a different need compared to the other. Therefore it is important to pay attention to whom the financial statements speaks to. The above shows the different needs of the stakeholders to  governmental annual report.

8 0
3 years ago
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