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4 years ago

If a nondiscriminating imperfectly competitive firm is selling its 100th unit of output for $35, its marginal revenue:

Business

1 answer:

aksik [14]4 years ago

5 0

Answer:

c.will also be $35.

Explanation:

As we know that the MR should be less than price level.

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Which group primarily helps settle trade disputes?

mash [69]

World Trade Organization

7 0

3 years ago

Read 2 more answers

On January 1, 2021, Farmer Fabrication issued stock options for 100,000 shares to a division manager. The options have an estima

Black_prince [1.1K]

Answer and Explanation:

The journal entries are shown below:

1. The revised estimated amount of total compensation is

= 100,000 shares × $6

= $600,000

2. The action shows that the Farmer Fabrication cumulative effect for the year 2022 earnings

3. The journal entries are shown below:

For the year 2022

Compensation expense

To Paid-in Capital-Stock options $200,000

(Being the compensation expense is recorded) $200,000

For recording this we debited the compensation expense as it increased the expenses and credited the paid in capital as it increased the stockholder equity

The computation is shown below:

= $600,000 ÷ 3 years

= $200,000

7 0

4 years ago

Ed's Print Shop received an invoice dated May 10 for $2,500 with terms 3/10, 1/15, n/60. On May 22, Ed's Print Shop sent a parti

artcher [175]

Amount to be credited = $2,020

Outstanding balance = $480

Explanation:

The payment terms state that

3% discount may be taken within 10 days of the invoice date (up to May 20); or

1% discount may be taken within 15 days of the invoice date (after May 20 but not later than May 25); or

The net amount is due within 60 days of the invoice date if advantage is not taken of the cash discounts offered.
The 3% cash discount is not applicable as the payment was made on May 22 which is after the end of the discount period. However, the 1% discount is allowed, since payment on May 22 is within the 15-day period for the 1% discount.

Amount to be credited

= 2000 / (1−0.01)

= 2000 / (0.99)

= $2,020

Outstanding balance

= 2500 - 2020

= $480

3 0

3 years ago

Sanders Corporation issued $ 470,000 of 9%, 10-year bonds payable at a price of 91. The market interest rate at the date of is

enyata [817]

Answer:

D. Date Accounts and Explanation Debit Credit Interest Expense 21,385 Discount on Bonds Payable 235 Cash 21,150

Explanation:

The journal entry is shown below:

Interest expense $21,385

To Discount on bond payable $235

To Cash $21,150

(Being the interest expense is recorded)

The computation is given below:

The interest expense is

= $470,000 ÷ 100 × 91 × 10% ÷ 12 months × 6 months

= $21,385

The cash is

= $470,000 × 9% ÷ 12 months × 6 months

= $21,150

And, the remaining balance is credited to discount on note payable

We simply debited the interest expense as it increased the expenses and credited the cash as it reduced the assets plus the remaining amount is credited to discount on bond payable

3 0

3 years ago

Pittsburg Steel Manufacturing has a weighted-average unit contribution margin of $20 for its two products, Standard and Supreme.

pickupchik [31]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

The weighted-average unit contribution margin of $20.

Expected sales for Pittsburg Steel are 40,000 Standard and 60,000 Supreme.

Fixed expenses are $1,800,000

First, we need to calculate the break-even point in units for the whole company.

Break-even point (units)= Total fixed costs / Weighted average contribution margin ratio

Break-even point (units)= 1,800,000/20

Break-even point (units)=90,000 units

<u>Now, for each product:</u>

Standard= (40,000/100,000)*90,000= 36,000 units

Supreme= (60,000/100,000)*90,000= 54,000 units

5 0

4 years ago