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Ber [7]
3 years ago
8

What are the two constraints that firms face while trying to maximize profits?

Business
1 answer:
Morgarella [4.7K]3 years ago
3 0
<span>Law of supply and law of demand</span> are the two constraints that firms face while trying to maximize profits. This is because it is not always the same. People's needs and wants changes through time. ANd not all the times the supply suffice the demands of the consumers.
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Marigold Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is avai
Mars2501 [29]

Answer:

Marigold Company

Cost of goods sold = $9,119

Ending inventory = $7,461

Explanation:

a) Data and Calculations:

                            Units    Unit Cost    Total Cost

April 1 inventory    250         $14            $ 3,500

April 15 purchase  420           17                 7,140

April 23 purchase 330           18                5,940

Total                    1,000                           $16,580

Weighted-average costs   $16.58

Sales                     550

Cost of goods sold = 550 * $16.58 = $9,119

Ending inventory = 450 * $16.58 = $7,461

b) The first computation is for the total cost of goods available, which is then divided by the total units available for sale.  This gives the weighted-average cost per unit.  This unit cost is then multiplied with the units of ending inventory and sales to obtain the cost of the ending inventory and the cost of goods sold, respectively.

8 0
3 years ago
Recreation resorts are the only ones to offer sports and other recreation activities.
Ahat [919]

Recreation resorts are not only the ones to offer the sports and other recreation activities as there are other resorts as well to provide with such facility.

<h3>What are recreation resorts?</h3>

Recreation resorts refers to those resorts which facilitates us with receration activities such as running, dancing, swiming, mediatation, walking, short term sports etc.

There are other resorts such as hills stations, beach resort, luxury resort, economy resort etc.

Thus similar kind of activities are provided in other resorts as well with there unique features.

Learn more about resorts here:

brainly.com/question/19582915

#SPJ1

8 0
2 years ago
What are prenuptial contracts?​
Monica [59]

Answer:

A written contract created by two people before they are married.

Explanation:

A prenup typically lists all of the property each person owns (as well as any debts) and specifies what each person's property rights will be after the marriage.  

7 0
3 years ago
Read 2 more answers
The City of Oxbow General Fund has the following net resources at year-end:
Delvig [45]

Answer:

$1,622,000

Explanation:

Preparation of the fund balance section of the balance sheet.

Partial Balance Sheet-General Fund

As of December 31

FUND BALANCES SECTION OF THE BALANCE SHEET

Nonspendable:

Prepaid Insurance $10,000

Restricted:

Intergovernmental Grants $250,000

Emergency services $26,000

Committed:

Rainy Day Fund $600,000

Capital Projects $275,000

Assigned:

Unassigned $461,000

TOTAL fund balance $1,622,000

Therefore the fund balance section of the balance sheet will be $1,622,000

7 0
3 years ago
A firm issued 5,000 shares of $1 par-value common stock, receiving proceeds of $20 per share. The accounting entry for the paid-
liraira [26]

Answer:

Correct answer: B. $95,000

5 0
3 years ago
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