Answer: The price level chosen to maximize profits will be $ 6.71
Explanation:
Whenever there is price fixing between two competitors, and one of the competitor decides to choose a price level. Such competitor must ensure that the price level chosen to maximize profit does not exceed his or her competitor's marginal cost but can be above his or her marginal cost .
Since the price fixing is $10 from previous cartel price so the best price level to maximize the profit would be less than my rival's price of $ 6.72 and more than my marginal cost of $ 6.70 which is $ 6.71
Answer:
$12500
Explanation:
Since the beginning balance of accumulated depreciation - equipment is $10 000
And an adjusting journal entry during the year was $2500
You must add the adjusting journal entry to the begging balance to get the closing balance of Accumulated Depreciation - equipment:
10000+2500=$12500
Answer:
$845.83
Explanation:
The computation of the interest is shown below:
= Principal × rate of interest × number of days ÷ (total number of days in a year)
= $140,000 × 7.25% × (30 days ÷ 360 days)
= $845.83
Simply we applied the simple interest formula by multiplying the principal, interest rate and the time period so that it can arrive with the correct amount
Answer: a. Issues
Explanation:
A Communication plan for a project allows for easier information flow between the stakeholders in the project including the client, the company and the workers.
By setting standards on how and what should be communicated the plan will let the stakeholders know how to communicate any issues affecting the project. The plan will also let the stakeholders know how to track issues that will be reported.
Answer:
This is very simple, they should start billing their clients right away.
You don't have to bill your clients for the full legal expenses, but they for sure need to start making some money.
It is very normal that new businesses don't get enough revenue to cover their operation expenses right away. Even for big corporations, like Amazon and FB, it may take years to reach the break even point.
When you open a business you have to keep some money as reserve to cover some expenses for at least a few months.
