Answer:
C. Money in the bank
Explanation:
A "liquid asset" is related to an <em>asset</em> that can be quickly turned into cash. Among the choices above, it is only<em> "money in the bank"</em> that is readily available in cash. Inventory, real estate and a piece of equipment may only be converted to cash<em> if they're sold to other people in exchange of cash.</em> Sometimes, it takes a long time to sell these items and with that being said, they're not readily available.
Answer:
$534,600
Explanation:
<em>Contribution margin = Sales - Variable Costs</em>
where :
Sales = 2,700 units x $664 = $1,792,800
Variable Costs = Costs of Goods Sold + Variable Selling Costs + Variable Administrative Cots
= 2,700 units x $405 + 2,700 units x $48 + 2,700 units x $13
= $1,258,200
therefore,
Contribution margin = $1,792,800 - $1,258,200 = $534,600
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
An Urban arrangement which expands the city outskirt into a high-wage, private neighborhood. The administration can give impose credits for individuals who are attempting to protect houses. They can do open business organizations where the administration gives a modest rent on government-possessed land to a fundamental industry with a specific end goal to make more occupations. They can tear down open lodging and assemble it in suburbia with the goal that open lodging can be utilized for business organizations or for open business associations. They can rezone so that private ends up plainly business, which can make the property estimations go up, accepting organizations will move in.
