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3 years ago

Consider a perfectly competitive market in which all firms have the same costs. Choose the statement that is incorrect.

Business

1 answer:

ludmilkaskok [199]3 years ago

6 0

Answer and Explanation:

C. In the short run, a firm cannot incur an economic loss.

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Shroden is a consumer goods manufacturer. It manufactures cookies, batteries, toothpaste, and soap. In the context of operations

Ray Of Light [21]

Answer:

inventory

Explanation:

Every item that is produced or purchased by the business in order to resell it and earn profit through it as a normal purpose of business, is considered as inventory.

In the given instance, Shroden manufactures consumer goods, like cookies, batteries, etc:

And since he targets to sell them and earn profit, all these manufactured products is the inventory of his business.

3 0

4 years ago

Andre's Dog House had current assets of $67,200 and current liabilities of $71,100 last year. This year, the current assets are

e-lub [12.9K]

Answer:

$1400

Explanation:

Net working capital is obtained by subtracting total current liabilities from total current assets. Current assets and liabilities are expected to be used or paid within one year.

Change in net working capital would be the change in current assets - change in current liabilities.

last year current assets $67,200 : current liabilities $71,100

This year current assets $82,600 : current liabilities $85,100

change Net operating capital = {$82,600- 67,200} - {85,100 - 71,100}

=$15,400 -14,000= -$1400

Change in networking capital = $1400

8 0

3 years ago

What is one way to begin saving start up capital?

Stella [2.4K]

Answer:

A - Set aside a portion of your income each month.

Hope This Helps

8 0

3 years ago

hen considering whether a holder took the negotiable instrument in good faith, the court looks only at the

Ilya [14]

Answer:

Explanation:

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8 0

3 years ago

Read 2 more answers

Woodland industries manufactures and sells custom-made windows. Its job costing system was designed using an activity-based cost

MaRussiya [10]

Answer:

Explanation:

Direct materials 101,500

Direct labour (13,600 * 13) 176, 800

Materials handling (508 * 0.28) 142.24

Cutting and lathe work (508 * 12.32) 6258.56

Assembly and inspection (13,600 * 17.5) 238,000

Total manufacturing cost 522,700.8

Cost per unit produced = 522,700.8 / 3,050 =

= 171.377 per unit.

Predetermined overhead rate = Estimated overhead costs / Estimated Direct labour hours

(61,600 + 2,710,400 + 3,850,000) / 220,000

= 30.1 per direct labour hour

Direct materials 101,500

Direct labour (13,600 * 13) 176,800

Manufacturing overhead (13,600 * 30.1) 409,360

Total manufacturing cost 687,660

Cost per unit produced = 687,660/ 3,050

= 225.46 per unit.

3 0

4 years ago