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3 years ago

If a firm's average total cost is less than price where MR = MC,

Business

1 answer:

bekas [8.4K]3 years ago

3 0

Answer:

C. the firm should produce if its price exceeds average variable cost.

Explanation:

WHen average total cost is less that price, this means you are making a profit, and since they are in the equilibrium sate with Margina revenue being equal to marginal cost, they are in the sweet spot of production, so the only thing left for them is producing if its price exceeds average variable cost, and that would maximize their profits.

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What types of issues should be agreed upon at the first level supervisor level and which ones do you think need to be elevated?

I am Lyosha [343]

The issues of training, absenteeism , productivity and morale should be agreed upon at the first level of supervisors.

The first line supervisor can manage concerns like as training, absenteeism, productivity, and morale . With the growth of unions, hiring and firing have grown increasingly difficult for first-line supervisors to handle. Hiring and, more crucially, dismissal should be prioritized to avoid disputes. Disciplinary action is often handled by first line supervision in a non-union context. It should be elevated in a union setting. Elevation would guarantee that all of the ducks are in a row to avoid a complaint and save the company money on any monetary settlements.

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2 years ago

Finding out how a product or service will do in a certain market is an example of this use of market research: identify if commu

Veseljchak [2.6K]

Answer:

identify value

Explanation:

Finding out how a product or service will do in a certain market is an example of this "IDENTIFY VALUE" market research. This will help the producers understand and know what the consumers want and the degree of value they placed on their products.

identify if communications are effective is used determine who the consumers are and the type of media preferred.

identify if consumer needs are being met is used to determine what customers like or dislike about a product or service.

identify threats and investigate the competition is used to determine changes in consumer preferences and competition

8 0

3 years ago

Annual Income Statement Data Selected Year-End Balance Sheet Data Sales $ 50,000 Prepaid expenses increase $ 3,000 Expenses: Inv

Solnce55 [7]

Answer:

see calculation and working below

Explanation:

operating activities section

Net income $ 8,500

Adjust for changes in non- cash items :

Amortization expense $1,500

Adjust for changes in working capital :

Prepaid expenses increase ($ 3,000)

Inventory increase ($500)

Accounts payable decrease ($1,000)

Net Cash Provided by Operating Activities $5,500

6 0

3 years ago

Which of the following is the number one method of financing for most new businesses?

Sergeeva-Olga [200]

Previous business sales

8 0

3 years ago

Read 2 more answers

Milden Company is a merchandiser that plans to sell 25,000 units during the next quarter at a selling price of $52 per unit. The

marta [7]

Answer:

Instructions are listed below

Explanation:

1) A Contribution Margin Income Statement is a special format of the income statement that segregates the variable and fixed expenses involved in running a business. It shows the revenue generated after deducting all variable and fixed expenses separately.

Sales= 25000q*$52= $1300000

Variable costs:

Cost of good sold= $22*25000= 550000

Sales commissions=sales*0,05=65000

Shipping expense= $6*25000= 150000

Total variable cost= $765000

Contribution margin=$535000

Fixed costs:

Advertising expense= $172,000

Shipping expense= $54,000

Administrative salaries= $82,000

Insurance expense= $9,200

Depreciation expense= $52,000

Total fixed cost= $369200

Net profit= $165800

2)The general structure of an income statement proceeds as follow:

Revenue/Sales (+)

Cost of Goods Sold (COGS) (-)

=Gross Profit

Marketing, Advertising, and Promotion Expenses (-)

General and Administrative (G&A) Expenses (-)

=EBITDA

Depreciation & Amortization Expense (-)

=Operating Income or EBIT

Interest (-)

Other Expenses (-)

=EBT (Pre-Tax Income)

Income Taxes (-)

=Net Income

In this exercise:

Revenues= 1300000

COGS= 550000

Gross profit= 750000

Sales commissions=sales*0,05=65000

Shipping expense= $6*25000+54000= 204000

Advertising expense= 172000

Administrative salaries= 82000

Insurance expense= $9200

EBITDA= 532200

Depretiation= 52000

Net profit= $165800

7 0

3 years ago

If a​ firm's average total cost is less than price where MR​ = MC,

If a firm's average total cost is less than price where MR = MC,