1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
V125BC [204]
3 years ago
10

Firm X is producing 1000 units, selling them at $15 each. Variable costs are $3 per unit and the firm is making an accounting pr

ofit of $3000. What is the firm’s total costs?
Business
1 answer:
-Dominant- [34]3 years ago
5 0

Answer:

total cost = 12,000

Explanation:

From the formula of accounting profit, we can solve for total cost:

Accounting profit = total revenue - totoal cost

Firm X

produce 1,000 units and sell them at $15 each

total revenue: 1,000 units x $15 = 15,000

It has an accounting profit for 3,000

We plug this values into the formula of accounting profit

Accounting profit = total revenue - totoal cost

         3,000           =    15,000          -   total cost

15,000 - 3,000 = total cost

total cost = 12,000

You might be interested in
When the market rate is 8%, a company issues $50,000 of 9%, 10-year bonds and pay interest semiannually for a selling price of $
Gre4nikov [31]

Answer:

casate conmigo cikitita

Explanation:

marry me little girl

6 0
3 years ago
Sourcing goods and services from different locations around the globe in an attempt to take advantage of national differences in
andreyandreev [35.5K]

Answer:

b. Production

Explanation:

Global Value Chains have been successful over the years due to most components being produced in the country where<em> it is cheaper to do so</em> and then the final output<em> is integrated in other country</em>.

Thus globalization of production has enabled <em>firms</em> to take advantage of national differences in the cost and quality of factors of production.

5 0
3 years ago
Donatello files a suit against erasmus. before going to trial, the parties meet, with their attorneys to represent them, to try
Anuta_ua [19.1K]

The answer to the question is a form of out of court dispute resolution called negotiation.

In legal context, negotiation occurs when one party contact the other party to try and work out a resolution or settlement that both parties can agree with. This option is the correct one because it does not involve a third party, which in other types of dispute resolution such as mediation and arbitration, must be present.

5 0
3 years ago
Pablo, a resident of New Mexico, while driving through Arizona was struck by an SUV driven by Drew, a resident of California. Dr
mart [117]

Answer: See explanation

Explanation:

Based on the information that was provided in the question, Pablo’s case with regards to the scenario given will be regarded as a civil case due to the fact that Drew is being sued.

The Federal court will be the court where the case will hold. This is due to the fact that the parties involved are from different states. While Pablo is from New Mexico, Drew is from California. For speeding, a criminal case can also be brought against Drew.

6 0
3 years ago
Currency located at the company $ 600
Drupady [299]

Answer:

$12,900

Explanation:

Amount of cash reported in the balance sheet refers to the cash balance in the bank and other short term investments that may be liquidated in 3 months or less.

It is a current asset in the balance sheet.

Amount of cash on balance sheet = $1,500 + $6,700 + $200 + $100 + $4,400

= $12,900

5 0
3 years ago
Other questions:
  • Travel is generally divided into which two broad categories?
    7·1 answer
  • If you've been a victim of identity theft, what should you do after contacting the company that reported the suspicious charge a
    12·1 answer
  • Sandra, a manager at Evolve Corp, frequently engages her team in recreational activities. Every employee is friendly with one an
    5·1 answer
  • Suppose that there are significant costs associated with coordinating a subsidiary with the parent organization and assessing th
    8·2 answers
  • Which of the following condition will both consumers and sellers benefit?
    5·1 answer
  • 4.
    6·1 answer
  • Suppose that a firm's recent earnings per share and dividends per share are $3.00 and $1.50, respectively. Both are expected to
    9·1 answer
  • Rex and Dena are married and have two children, Michelle (age seven) and Nancy (age five). During 2020, Rex earned a salary of $
    9·1 answer
  • A promotional tool in which a company lets consumers have a small sample of a product for no charge is known as?
    14·1 answer
  • a buyer purchases a home in an area where closings are traditionally conducted in escrow. which item would a buyer deposit with
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!