Answer:
Price; marginal cost; cost minimizing; output; Cost of production or cost of inputs involved in production
Explanation:
In perfect competition a firm is in equilibrium when its marginal cost of production is equal to the price of its product. The firm will be able to maximize profit or minimize cost at this point.
The demand curve is a horizontal line, which means demand is perfectly elastic. A change in the price will cause the demand to become zero.
The cost mentioned here is the cost incurred to employ inputs in the process of production, which is an explicit cost.
Answer:
Debit: $300
Credit: $300
Explanation:
See attached picture for explanation.
Answer:
A. The two sided specification process capability index is 1.47
Explanation:
The formula for calculating process capability index is :
( Upper specification Limit - Average of mean ) / 3 * Standard Deviation
CI = ( 22 - 19.8 ) / 3 * 0.5
CI = 1.47 approximately.
Answer:
-The right to convert the shares to common shares
-The right to redeem the preferred shares for cash
Answer:
B) $1.98
Explanation:
Corporate tax = $4.50×35%
= $1.575
Personal tax = $2.00×20%
= $0.40.
Total amount of taxes = Corporate tax + Personal tax
= $1.575 + $0.40
= $1.98
Therefore, The total amount of taxes paid if the company pays a $2.00 dividend is $1.98
