Answer:
A) shut down; losses; $15,600
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry. Firms earn zero economic profit in the long run.
If in the short run, price is less than average variable cost, the firm should shut down. In this question, price ($10) is less than average variable cost ($18). The firm should shut down in the short run.
Profit or loss = Total revenue - Total cost
($10-$23) x 1200 = -$15,600
The firm is earning a loss because average total cost in greater than price.
I hope my answer helps you
Answer: Option (E)
Explanation:
Managerial accountant tends to analyzes and records the financial data and information by the means of interpreting, collecting, and also preparing financial data to company's or organization's management team. The information and data is further then used in order to form practical financial decisions which can further benefit the organization's overall growth.
Answer:
The correct option is reach a new market,option C
Explanation:
The strategy adopted by Procter and Gamble with respect to the deodorant is known as reaching a new market.
Market or market segment in this sense is a group of consumers who share similar characteristics such income level,age, level of education.
There is need to increase revenue and improve shareholders wealth,hence the company has to think out of the box by rebranding an old product instead of devising a new product that would incur more costs in terms of research and development in order to appeal to a new group of consumers,thereby increasing revenue overall.
Answer: 50,300 ounces
Explanation:
Ounces started would exclude the beginning ounces while ounces completed would include the beginning ounces.
Ounces started and completed during the period are:
= Ounces completed - Beginning Work in process ounces
= 67,000 - 16,700
= 50,300 ounces
