Answer:
<u>Cowboy Law Firm</u>
<u>Income statement for the year ended December.</u>
$
Service revenue 8,900
Less Expenses :
Salaries expense (2,000)
Utilities expense (1,100)
Net Income / (Loss) 5,800
Explanation:
Income statements shows Revenues earned and Expenses incurred at the end of the trading period.
Answer:
marginal revenue is -6
and production levels 200, 50
Explanation:
given data
R(x) = 10 x - 0.04 x²
solution
we have given
R(x) = 10 x - 0.04 x²
so here R'(x) is
R'(x) = 10(1) - 0.4 (2x)
R'(x) = 10 - 0.8 x ....................1
so here at x is 20 marginal revenue will be
R'(20) = 10 - 0.8(20)
R'(20) = 10 - 16
R'(20) = - 6
and
when revenue is $400
R(x) = 400
400 = 10 x - 0.04 x²
x= 200, 50
Answer:
The correct answer is (2)The workers on shop floor lack the autonomy to stop the manufacturing on their own initiative.
Explanation:
The company operates on a push system, where products are made and inventory built up based on best-guess forecasts.
The push system of inventory control involves forecasting inventory needs to meet customer demand. Companies must predict which products customers will purchase along with determining what quantity of goods will be purchased.
So, from the given options, the correct answer is (2)The workers on shop floor lack the autonomy to stop the manufacturing on their own initiative
Answer:
Break-even point in units= 770
Explanation:
Giving the following information:
Selling price= $500
Unitary variable cost= $260
Fixed costs= $184,800
<u>To calculate the break-even point in units using the mathematical equation, we need to use the following formula:</u>
<u></u>
Net income= unit contribution margin*x - fixed costs
x= number of units
0= (500 - 260)*x - 184,800
184,800/240 = x
770=x
<u>Now, under the unit contribution margin method:</u>
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 184,800/240
Break-even point in units= 770