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3 years ago

The point of maximum profit is the point at which the marginal cost equals the-

Business

1 answer:

Umnica [9.8K]3 years ago

4 0

Correct answer:

<h2>A. Marginal revenue.</h2><h2>Explanation:</h2>

Maximizing Gains. Statisticians show us that a corporation can maximize its value by delivering at the level where marginal revenue equals marginal cost. As long as marginal revenue is higher than the marginal value, it returns to generate further. Each computed unit sold will attach further to revenue than to costs.

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Listed below are several transactions that took place during the first two years of operations for the law firm of Pete, Pete, a

umka2103 [35]

Answer:

year 1: cash generated in operating activities: 35,000

year 2: cash used in operating activities (28,000)

<u>Receivables:</u>

year 1: 23,000

year 2: 40,000

<u>Net Income</u>

year 1: 32,000

year 2: 59,000

Explanation:

<u></u>

Cash flow:

<u>operating activities: year 1</u>

collected from client 170,000

salaries paid to employees (100,000)

utilities (35,000)

insurance policy (63,000)

cash used in operating activities (28,000)

<u>operating activities: year 2</u>

collected from client 200,000

salaries paid to employees (110,000)

utilities (55,000)

cash generated in operating activities: 35,000

receivable:

billed - collected

year 1 receivables 193,000 - 170,000 = 23,000

year 2 receivables 240,000 - 200,000 = 40,000

<u>Income Statement year 1</u>

fees revenues 193,000

salaries (100,000)

utilities (40,000) (incurred cost)

insurance (21,000) (63,000 for three years, the value of 1 year is 21,000)

net income 32,000

<u></u>

<u>Income Statement year 2</u>

fees revenues 240,000

salaries (110,000)

utilities (50,000) (incurred cost)

insurance (21,000) (63,000 for three years, the value of 1 year is 21,000)

net income 59,000

5 0

2 years ago

Allison spends a lot of time socializing with friends on facebook, downloading movies, and completing schoolwork. but her older

notsponge [240]

I would think it would be yes I think

8 0

3 years ago

A company developed the following per-unit standards for its product: 2 pounds of direct materials at $4 per pound. Last month,

olga nikolaevna [1]

Answer:

Direct Material Price Variance = $300 Favorable

Explanation:

Direct Material Price Variance = (Standard Price - Actual Price) $\times$ Actual Quantity

Standard Price = $4 per pound

Actual Price = $\frac{Actual\ Cost}{Actual\ Units}$ = $\frac{5,700}{1,500} = 3.8$

Since the actual price is less than the standard price the variance will be favorable as the amount paid for actual use is less then the estimated standard cost.

Thus, direct material price variance = ($4 - $3.8) $\times$ 1,500

= $300 Favorable

7 0

2 years ago

actionow and becca enter into an oral contract in which becca agrees to work on a project for actionow’s living opportunities ce

JulsSmile [24]

Based on the fact that ActioNOW and Becca entered into an oral contract where Becca agrees to work on a project for ActioNOW for eighteen months, the enforcers of this contract are d. none of the choices.

<h3>Who can enforce this contract?</h3>

This transaction between Becca and ActioNOW was an oral contract which means that it falls under the Statute of Frauds. However, for an oral contract to be enforceable under this Statute, the goods or services exchanged have to be less then $500 in value.

The services or goods also have to be less than 1 year in duration. Because Becca and ActioNow agreed for a contract of 18 months which is more than a year, this contract is not enforceable under the Statute of Frauds and so the government cannot enforce this contract.

Options include:

a. ActioNOW.
b. Becca.
c. any third party, such as ActioNOW’s clients.
d. none of the choices

Find out more on the Statute of Frauds at brainly.com/question/14854791

#SPJ1

8 0

1 year ago

Argo, a firm organizing adventure travel, has returns that vary with the economy. Argo predicts that there is a 20% probability

nexus9112 [7]

Answer: 8%

Explanation:

The expected return is a weighted average of the returns given the probability of certain states of the economy:

= (Prob. of boom * return if boom) + (Prob. of normal * return if normal) + (Prob. of weak * return if weak)

= (20% * 35%) + (50% * 14%) + (30% * -20%)

= 0.07 + 0.07 - 0.06

= 8%

5 0

2 years ago