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kiruha [24]
3 years ago
14

Suppose a firm in a competitive market produces and sells 150 units of output and earns $1,800 in total revenue from the sales.

If the firm increases its output to 200 units, the average revenue of the 200th unit will be
a less than $12.
b. more than $12.
c. $12.
d. Any of the above may be correct depending on the price elasticity of demand for the product
Business
1 answer:
Debora [2.8K]3 years ago
7 0
I am pretty sure it’s D.
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Oriole Company made the following journal entry in late 2021 for rent on property it leases to Danford Corporation. Cash 153000
Morgarella [4.7K]

Answer:

$277,125

Explanation:

The calculation of  income tax expense is shown below:-

Income tax expense = Income taxes payable at the end of 2022 + (Rent revenue ÷ 2) × Tax rate

= $258,000 + (($153,000 ÷ 2) × 0.25)

= $258,000 + $76,500 × 0.25

= $258,000 + $19,125

= $277,125

Therefore for computing the income tax revenue we simply applied the above formula.

6 0
3 years ago
____ is a method for overcoming resistance to organization change. a. Automation b. Centralization c. Management by exception d.
DedPeter [7]

Based on the information given, it can be deduced that the method of overcoming resistance that's illustrated is known as D. Force-field analysis.

Force-field analysis simply means the framework of looking at the factors that resulted in a particular situation. It's vital in knowing the root cause of an issue.

It should be noted that force-field analysis can either drive the movement towards a goal or block the goal. It's a method for overcoming resistance to organizational change.

Learn more about an organization on:

brainly.com/question/24398796

6 0
2 years ago
“the probability of event b, given that event a has occurred” is known as a __________ probability.
bagirrra123 [75]
The probability of event B given that event A has already occurred is known as a CONDITIONAL PROBABILITY. 
Conditional probability is written mathematically as: P[B/A], where P stands for probability. 
Event A and B can be dependent or independent and this will have effect on the general formula of conditional probability, that is, the formula will change in form depending on the relationship between the two events.
6 0
3 years ago
Manufacturing overhead data for the production of Product H by Shakira Company are as follows.Overhead incurred for 45,100 actua
Fittoniya [83]

Answer:

Total overhead cost variance                                      $

Standard fixed overhead cost ($9 x 45,100 hrs)    405,900

Less: Actual fixed overhead cost                             <u>411,000 </u>

Total overhead cost variance                                   <u> 5,100 (A)</u>

Explanation:

Total overhead variance is the difference between standard fixed overhead cost and actual fixed overhead cost. Standard fixed overhead cost is overhead rate multiplied by actual direct labour hours. Overhead rate is the total of variable overhead and fixed overhead rate ($8 + $1 = $9).

8 0
3 years ago
Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $1 par value. During its first year, th
Ber [7]

Answer:

Incentive Corporation

A. Assets = Liabilities + Stockholders’ Equity

a. Assets (Cash +$129,600 )= Liabilities + Stockholders' Equity (Common stock +$5,400 and Additional Paid-in Capital $1124,200)

b.  Assets (Cash +$37,800 )= Liabilities + Stockholders' Equity (Common stock +$1,400 and Additional Paid-in Capital $36,400)

B. Journal Entries:

Debit Cash $129,600

Credit Common stock $5,400

Credit APIC $124,200

To record the issuance of 5,400 shares of common stock for cash at $24.

Debit Cash $37,800

Credit Common stock $1,400

Credit APIC $36,400

To record the issuance of 1,400 shares of common stock for cash at $27.

C. Journal Entries:

1. Debit Cash $107,100

Credit Common stock $10,200

Credit APIC $96,900

To record the issuance of 5,100 common stock shares with $2 par value  for $21 per share.

2. Debit Cash $26,400

Credit Common Stock $2,200

Credit APIC $24,200

To record the issuance of 1,100 common stock shares with $2 par value for $24 per share.

3. Stockholders' Equity

INCENTIVE CORPORATION

Balance Sheet (Partial)

At December 31

Stockholders’ Equity

Contributed Capital:

Common Stock                       $6,200

Additional Paid-in Capital       121,100

Total Contributed Capital   $127,300

Net income                                  200

Total Stockholders’ Equity $127,500

4. The maximum amount of cash dividends that Incentive Corporation can declare and distribute is $200, despite having $49,000 in the bank account.

Explanation:

a) Data and Calculations:

Authorized shares, 12,000 of common stock at $1 par value

Net income at year-end = $200

Cash balance at bank = $49,000

Transactions:

Cash $129,600 Common stock $5,400 APIC $124,200

Cash $37,800 Common stock $1,400 APIC $36,400

b) Transactions:

1. Cash $107,100 Common stock $10,200 APIC $96,900

2. Cash $26,400 Common Stock $2,200 APIC $24,200

5 0
2 years ago
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