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Stells [14]
3 years ago
14

At its present rate of output, Barrel O' Biscuits, a perfectly competitive firm, finds that its marginal cost exceeds its margin

al revenue and its price exceeds its average variable cost. To maximize profit, the firm should _____
Business
1 answer:
Delvig [45]3 years ago
3 0

Answer: Reduce output

Explanation:

 According to the given question, the barrel O' Biscuits is one of the type of perfectly competitive organization in which its overall marginal cost increasing the company's marginal revenue.

 For maximizing the profit of an organization then we should reduce the output as in the perfect competition the company majorly affected the output only and for shift the overall marginal cost of the company we reducing the output.

 Therefore, Reduce output is the correct answer.      

 

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On November 19, Nicholson Company receives a $18,600, 60-day, 10% note from a customer as payment on account. What adjusting ent
mihalych1998 [28]

Answer and Explanation:

The adjusting entry is as follows

Interest receivable Dr ($18,600 × 10% × 42 days ÷ 360 days) $217

       To Interest revenue $217

(being the interest revenue is recorded)

Here the interest receivable is debited as it increased the assets and credited the interest revenue as it also increased the revenue

The 42 days are calculated from Nov 19 to Dec 31

7 0
3 years ago
Ace Leasing acquires equipment and leases it to customers under long-term sales-type leases. Ace earns interest under these arra
sladkih [1.3K]

Answer:

$143,750

Explanation:

We have to first calculate the present value of the bargain purchase option:

PV = $200,000 / (1 + 6%)⁵ = $149,451.63

net lease amount = $790,000 - $149,452 = $640,548

PVIF Annuity due, 6%, 5 payments = 4.546

Annual payment = $640,548 / 4.456 = $143,750

3 0
3 years ago
Marriott Corporation now contains hotels and motels from the "budget" end of the consumer spectrum to the "premium" end with the
stepan [7]

Answer:

Two-way Stretch

Explanation:

Marriott Corporation now contains hotels and motels from the "budget" end of the consumer spectrum to the "premium" end with their JD Marriott flagship locations. This is an example of a firm that successfully performed a t<u>wo-way stretch</u> to reach more consumers and ventures that are more profitable.

Two way stretch: It is an expansion strategy of the company to introduce product within the same product line to cater different customer in the market. Company introduce new product to attract more customer as now they have premium product and low end product. Product are stretched both ways upward and downward. Example: Maruti, Titan, Marriot- Hotel & resorts, etc.

In the given case, Marriott Corporation now contains hotels and motels from the "budget" end of the consumer spectrum to the "premium" end with their JD Marriott flagship locations. Therefore, they are using two-way stretch strategy.

7 0
3 years ago
So im 12 yrs old and i have been asked to babysit my neighbors two boys for 4 hours 5 days a week ( one 4 one 2 yrs old) since i
garik1379 [7]

<em>Babysitters make more in cities with a high cost of living. According to Care.com's study, the average hourly babysitting rate in San Francisco, for example, is $16.65, compared to the national average of $13.44 an hour. Babysitters in all of the 75 cities examined all made over $11 an hour.</em>

<em>Babysitters now bring in an average of $15.71 an hour, an increase from about $14.91 an hour in 2015, according to new data from childcare website UrbanSitter. Watching two kids comes with an hourly wage of at least $18, the site reported.</em>

<em>Babysitters make more in cities with a high cost of living. According to Care.com's study, the average hourly babysitting rate in San Francisco, for example, is $16.65, compared to the national average of $13.44 an hour. Babysitters in all of the 75 cities examined all made over $11 an hour.</em>

I would say at least half the amount an average babysitter would get paid because your 12. SO around 6.50 an hour would work. Professionally if she wants you to do anything around the house for the children like cleaning up after them, feeding them, supervising them, that comes with responsibility, if you don't think 6.50 is enough for an hour, then go with no more than 8 dollars. Someone your age in reality should get paid no more than an average person. Especially because the person is young, like yourself. Goodluck. :)

<em>There is not a set amount of money that an 11 year old kid can expect to earn working side jobs. For instance, 11 year old youngsters can expect to earn $5 and up at certain jobs like shoveling snow. There is, however, a limited amount of time that 11 year old can dedicate to working side jobs though.]</em>



3 0
4 years ago
If you place a part of your summer earnings in a savings account, you are using money primarily as a
Flauer [41]

You are using money primarily as a : Store of value

Money as a store of value is something that maintains its worth both in the present and in the future, with money being one such commodity in modern.

When money is a store of value, it means that it is capable of being held such that it can increase our wealth and net worth. This is why it can be saved and used as a means of capital.

Other characteristics of money includes :

  • Medium of exchange
  • Unit of account
  • Standard of value

Hence, you are using money primarily as a store of value if you place a part of your summer earnings in a savings account.

Learn more about functions of money here : brainly.com/question/25959268

6 0
2 years ago
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