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2 years ago

A perfectly competitive firm maximizes its profit by________.

Business

1 answer:

olganol [36]2 years ago

8 0

Answer:

The correct answer is option A.

Explanation:

A perfectly competitive market has large number of sellers producing homogenous products. As a result, no single firm is able to affect the price level. So all the firms have their individual demand curves as a horizontal line at the price level.

This demand curve also represents marginal revenue. The firm is able to maximize profit when the price and marginal revenue is equal to the marginal cost.

Here, the revenue earned from the last unit of product is equal to the cot incurred in producing the last unit.

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How do u run a business

mezya [45]

Answer:

Explanation:

To run a business you firstly need investors or shareholders to help or run your business with you. They should have experience as running a business is tricky and can collapse within weeks. You also need large amounts of money to promote nad hire staff etc. You should also have an idea of what you want it to be like and what growth routes it should take. Make sure you have a target market to promote your ideas to. But make sure it is all realistic as silly ideas can be very costly.

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2 years ago

Read 2 more answers

Western Wholesale Foods incurs the following expenditures during the current fiscal year. How should Wesernaunt for each of thes

levacccp [35]

Answer and Explanation:

The classification is as follows

1. Since it is a salary for the repair technicians so it would be an expense that is incurred

2. The remodeling should be capitalized and depreciated over their useful life of an asset

3, Since there is an annual maintenance cost, so it would be an expense that is incurred

4. The improvement of the line of production should be capitalized and depreciated over their useful life of an asset

5. Addition of a sprinkler system should be capitalized and depreciated over their useful life of an asset

8 0

2 years ago

Trini Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 8,100

Ilya [14]

Answer:

$102,870

Explanation:

The computation of Total cash disbursements is shown below:-

Variable overhead = Direct labor budget × Variable overhead rate

= 8,100 × $1.40

= $11,340

Fixed expenses incurred in cash = Total fixed expenses - Depreciation

= $100,440 - $8,910

= $91,530

Total cash disbursements = Total variable manufacturing overhead + Fixed cash overhead

= $91,530 + $11,340

= $102,870

Therefore for computing the Total cash disbursements we simply applied the above formula.

6 0

2 years ago

On June 1, Royal Corp. began operating a service company with an initial cash investment by shareholders of $3,900,000. The comp

ankoles [38]

Answer:

$7,500,000 $4,400,000

Explanation:

Accrual concept requires to record the income and expenses in the period in which they are incurred rather when these get paid.

Cash basis accounting records the transaction when it gets paid.

Service Income $7,500,000

Expenses $3,100,000

Cash Dividend $820,000

Cash Basis

Income Statement

For two month ended 31 July.

Service Income $7,500,000

Expenses $0 (Expenses been paid In August)

Net Income ($7,500,000)

Accrual Basis

Income Statement

For two month ended 31 July.

Service Income $7,500,000

Expenses $3,100,000

Net Income ($4,500,000)

3 0

2 years ago

Last year Dania Corporation's sales were $525 million. If sales grow at 10.5% per year, how large (in millions) will they be 8 y

Andru [333]

In 8 years, Dania Corporation's sales would be $936.33 million.

Solution:

Since last year sales = $525 million,

Let last year be Year 0

So, in year 0 = $525 million.

Sales grow = 7.5% per year,

Year 1,

525 x 1.075 = $564.375 million.

Year 2,

564.375 x 1.075 = $606.7 million

Year 3,

606.7 x 1.075 = $652.2 million

Year 4

652.2 x 1.075 = $701.12 million

Year 5

701.12 x 1.075 = $753.7 million

Year 6

753.7 x 1.075 = $810.23 million

Year 7

810.23 x 1.075 = $871 million

Finally in year 8

871 x 1.075 = $936.33 million

To learn more about sales visit:

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3 0

1 year ago