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3 years ago

Tom produces commemorative t-shirts in a competitive market. if tom decides to decrease his output, this will

2 answers:

6 0

In a competitive market, a large number of producers compete with each other to satisfy the needs of their consumers. In here, no one or group of producers can dictate the price. They have only one major decision to make—and that is, what quantity to produce. Therefore, when Tom decided to produce commemorative t-shirts, and decrease his output, This decision did not increase his revenue, since did not lead to higher market price nor the competitors will decrease their output. The answer is C. decrease his revenue, for price remains the same.

nataly862011 [7]3 years ago

5 0

Answer would be C, Decrease his revenue, since his output has decreased and the price remains the same.

Tom produces commemorative t-shirts in a competitive market. If he decided to decrease his output, this will decrease his revenues since his output has decreases and the price remains the same.

When there is a decrease in the quantity of a product produced by the company, the revenues will also decrease because when more quantity is sold, more revenue is generated and vice versa, keeping the price at a constant number.

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1 year ago

The ________ statement of a business report provides a clear description of the situation that created the need for the report.

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Answer:

Problem statement

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Problem statement - it is referred to as the statement that given the clear and crystal information about the current situations. it is considered a good source of analyzing the real situations about the ongoing project.

This statement describes the current situations between the current and desired aim of the projects. it expressed the problem in two or three statements.

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2 years ago

Wireless Solutions reports operating expenses of $855,000. Operating expenses include both rent expense and salaries expense. Pr

Elena L [17]

Answer:

$858,500

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3 years ago

Trisha makes purses out of old blue jeans and sells them to customers at local craft fairs. what type of marketing channel does

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Answer:

Direct.

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3 years ago

DeLong Corporation was organized on January 1, 2017. It is authorized to issue 14,500 shares of 8%, $100 par value preferred sto

DanielleElmas [232]

Answer:

Jan. 10

Cash $507,00 (debit)

Common Stock $507,00 (credit)

Mar 1

Cash $566,500 (debit)

Preferred Sock $515,000 (credit)

Share Premium : Preferred Stock $51,500 (credit)

April 1

Land $91,000 (debit)

Common Stock $91,000 (credit)

May 1

Cash $420,000 (debit)

Common Stock $420,000 (credit)

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Legal Expenses : Attorneys bill $39,500 (debit)

Common Stock $39,500 (credit)

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Cash $80,500 (debit)

Common Stock $80,500 (credit)

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Cash $222,000 (debit)

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This means that ,

1.When Common Stocks are Issued, the value is the issue price there is no share premium reserve on it.

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This means that,

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2 years ago