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3 years ago

What is the primary objective for a for-profit business

Business

1 answer:

sattari [20]3 years ago

4 0

Answer:

the primary objective, or purpose of a for-profit business is to maximize profits for the owners while maintaining corporate social responsibility.

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State Road Fabricators Inc. is considering eliminating Model A02777 because of losses over the past quarter. The past three mont

ICE Princess25 [194]

Answer:

Option (C) is correct.

Explanation:

Manufacturing costs:

= Direct Materials + Direct Labor + Variable overhead

= $160,000 + $80,000 + (150,000 × 75%)

= $160,000 + $80,000 + $112,500

= $352,500

Operating income:

= Sales (1,100 units) - Manufacturing costs

= $370,000 - $352,500

= $17,500

Therefore, if Model A02777 is dropped from the product line, operating income will decrease by $17,500.

6 0

3 years ago

Explain the percentage distribution in statistics

Assoli18 [71]

Answer:

The percentage distribution is a statistical distribution of relative frequency, in which the relative frenquencies are percentages over the total number of data, that in this case is equal to 100%.

In order to create a percentage distribution chart, we group the data into classes, and then, we count the number of times the elements of the class appear in the sample, finally, we convert this number into a percentage.

3 0

3 years ago

Which of the following firms is likely to have the greatest market power?A. a farmerB. an electric companyC. a local electronics

amid [387]

An electric company is like to have greatest market power.

Explanation:

An electric company falls under oligopoly market. An oligopoly market is that market that consist of few firms and large numbers of buyers. As a result the sellers have the power to change the price. Although if they increase the price the customers will not be able to stop buying those goods.

Oligopoly market has the power to affect the demand as well as the supply . In case of market power the output reduces but there is no loss in economic welfare.

5 0

3 years ago

If other things are held constant, an increase in unites states imports will

tangare [24]

<span>If other things are held constant, an increase in Unites States imports will make the dollar less valuable and other countries dollar will rise. There needs to be a balance between imports and exports for the United States to stay afloat. An influx of imports would make the United States reliant on foreign products and would raise the foreign countries value. This is why it is import for domestic products to sell and keep revenue inside the country.</span>

5 0

3 years ago

1. Identify each account as an asset (A), liability (L), or equity (E).

Novosadov [1.4K]

Answer:

Interest Revenue: Income, Credit balance, credit increases the balance, debit reduces such balance

Accounts Payable: Liability, Credit balance, credit increases the balance, debit reduces such balance

Calhoun Capital: Equity, Credit balance, Credit increases the balance, debit reduces such balance

Office Supplies: Asset, Debit balance, Debit increases the balance, credit reduce such balance

Advertising Expense: Expense, Debit balance, debit increases the balance, credit reduces such balance

Unearned Revenue: Liability, Credit balance, credit increases the balance, debit reduces such balance

Prepaid Rent: Asset, Debit balance, Debit increases the balance, credit reduces such balance

5 0

3 years ago