Answer:
The correct answer is "should continue producing 500 lbs of apples"
Explanation:
(In a perfect market)
When the price is = marginal cost. This means that if you increase your production, the benefits-profits will be the same as if you produce the same quantity.
When the Price > Marginal cost, means that consumers demand more for that good, so the producer has an incentive to increase the supply
When the Price < Marginal cost, means that production is higher than the consumer's demand. This is an incentive to decrease the supply.
For this case, the best option is to continue producing the same quantity of units, 500 lbs of apples.
Answer:
C)Contact potential investors that are Retail Investors to ascertain investor interest
Explanation:
According to the jobs act, an issuer or a broker dealer that presents the issuer could deal in the communciation prior to the registration statements would be filed in the SEC but the same should not be considered for the potential investors where the retail investors would not certain the interest of an investor
Therefore the option c is relevant
Answer:
B.
Explanation:
Based on the information given that a large portion of sales occur at the last month of the year, a key audit concern or risk would be the revenue or sales cutoff. This concern is on the recognition of revenue in the appropriate period as most of the sales are recorded in the last month of the year. The risk exist that such sales are recognized to meet up with the yearly sales target of the organization. The performance of analytical procedure would not be effective as the results (trend) over the past 5 years have been similar. A test of internal controls at an interim date may also not be effective as there may be multiple level connivance to ensure that sales target are met. Also, the review of period end compensation of bonuses paid may not address the identified risk as such option B which deals with revenue recognition is the most appropriate option.
Are there answer choices?
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