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alexgriva [62]
3 years ago
15

The competitive firm's short-run supply curve is its A. marginal cost curve. B. marginal cost curve, but only the portion above

the minimum of average total cost. C. marginal revenue curve, but only the portion where marginal revenue exceeds marginal cost. D. marginal cost curve, but only the portion above the minimum of average variable cost.
Business
1 answer:
Lilit [14]3 years ago
5 0

Answer:

B. marginal cost curve, but only the portion above the minimum of average total cost.

Explanation:

  • A competitive firms short-run supply curve is a segment of the marginal cost and lies above the average variable costs and if a short run firm decides to shut down its prices of the goods is less than the average variable costs of production.
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A company currently sells products in the United States and is considering expanding to China or Vietnam. Expanding won't impact
mariarad [96]

Answer: Company should not expand to either.

Explanation:

Find the expected values of expanding to either country and pick the country with the highest expected value:

China:

= ∑(Probability of outcome * Outcome)

= (20% * 2,000,000) + (30% * 1,000,000) + (50% * -2,000,000)

= -$300,000

Vietnam:

= (70% * 1,000,000) + (30% * -2,500,000)

= -$50,000

<em>Both countries result in an expected loss so company should not expand to either of them. </em>

3 0
3 years ago
Bill gore believed in keeping operational facilities small due to his focus on high quality interpersonal relationships, and as
lorasvet [3.4K]

The level of organizational culture that is being described in the scenario above is the basic underlying assumptions in which this level focuses more on taking beliefs for granted in a way that they use their thoughts and feelings in a course of action in which Bill does because of his beliefs.

8 0
3 years ago
Read 2 more answers
A manager at Blue Cross asks Office Supply, Inc. (OSI) if it will provide 500 boxes of letter size paper. OSI agrees, arranges f
BigorU [14]

Answer:

Invalid, because under the UCC the acceptance must mirror the offer

Explanation:

§ 2-207 of the Uniform Commercial Code (UCC) enforces the mirror image rule. The mirror image rules states that in order for a valid contract to be formed, the offeree (Office Supply) must accept all the terms included in the offer (by Blue Cross) and cannot modify or add any terms. Any term that changes the original offer results in no contract.

4 0
3 years ago
July 1 Purchased merchandise from Boden Company for $6,200 under credit terms of 2/15, n/30, FOB shipping point, invoice dated J
Elan Coil [88]

Answer:

July 1

Dr Merchandise Inventory$6,200

Cr Accounts Payable $6,200

July 2

Dr Accounts Receivable $900

Cr Sales $900

Dr Costs of Goods Sold $517

Cr Merchandise Inventory $517

July 3

Dr Merchandise Inventory $105

Cr Cash $105

July 8

Dr Cash $1,900

Cr Sales $1,900

Dr Cost of Goods Sold $1,500

Cr Merchandise Inventory $1,500

July 9

Dr Merchandise Inventory $2,800

Cr Accounts Payable$2,800

July 11

Dr Accounts Payable $800

Cr Merchandise Inventory $800

July 12

Dr Cash $882

Dr Sales Discounts-$18

Cr Accounts Receivable $900

July 16

Dr Accounts Payable $6,200

Dr Merchandise Inventory $124

Cr Cash $6,076

July 19

Dr Accounts Receivable $1,800

Cr Sales $1,800

Dr Cost of Goods Sold $1,200

Cr Merchandise Inventory $1,200

July 21

Dr Sales Returns and allowances $300

Cr Accounts Receivable $300

July 24

Dr Accounts Payable $2,000

Cr Merchandise Inventory $40

Cr Cash -$1,960

July 30

Dr Cash $1,470

Cr Sales discounts $30

Cr Accounts receivable $1,500

July 31

Dr Accounts receivable $7,100

Cr Sales $7,100

Dr Cost of Goods Sold $5,000

Cr Merchandise Inventory $5,000

Explanation:

Preparation of journal entries to record merchandising transactions of Blink Company

July 1

Dr Merchandise Inventory$6,200

Cr Accounts Payable $6,200

July 2

Dr Accounts Receivable $900

Cr Sales $900

Dr Costs of Goods Sold $517

Cr Merchandise Inventory $517

July 3

Dr Merchandise Inventory $105

Cr Cash $105

July 8

Dr Cash $1,900

Cr Sales $1,900

Dr Cost of Goods Sold $1,500

Cr Merchandise Inventory $1,500

July 9

Dr Merchandise Inventory $2,800

Cr Accounts Payable $2,800

July 11

Dr Accounts Payable $800

Cr Merchandise Inventory $800

July 12

Dr Cash $882

($900-$18)

Dr Sales Discounts-$18

(900x.02=$18 sales disc.)

Cr Accounts Receivable $900

(882+18)

July 16

Dr Accounts Payable $6,200

Dr Merchandise Inventory $124

(6,200x.02)

Cr Cash $6,076

($6,200-$124)

July 19

Dr Accounts Receivable $1,800

Cr Sales $1,800

Dr Cost of Goods Sold $1,200

Cr Merchandise Inventory $1,200

July 21

Dr Sales Returns and allowances $300

Cr Accounts Receivable $300

July 24

Dr Accounts Payable $2,000

($2,800-$800)

Cr Merchandise Inventory $40

($2,000*2%)

Cr Cash -$1,960

($2,000-$40)

July 30

Dr Cash $1,470

($1,500-$30)

Sales discounts $30

($1,500x.02)

Cr Accounts receivable $1,500

($1,800-$300)

July 31

Dr Accounts receivable $7,100

Cr Sales $7,100

Dr Cost of Goods Sold $5,000

Cr Merchandise Inventory $5,000

8 0
3 years ago
Play Inc. owns 100% of Station Corp.'s common stocks. On January 1, 2015, Play sold to Station for $50,000 an equipment with a c
victus00 [196]

Answer:

There is unrealised profit on the equioment sold by Play inc to Statetion Corp.

the Adjustment include

  • Deduct net unrealised profit of $16,000  from Equipment
  • Deduct net unrealised profit of $16,000 from  Group(consolidated )retained earnings.

Amount to be recognized as unrealized profit in the consolidated income statement is $16,000

Explanation:

Computation of Net unrealized profit

Unrealized profit ( $50,000 - $30,000)                       20,000

Depreciation on Unrealized profit( 20,000/5)              <u>  (4,000</u>)

Net unrealized profit                                                      <u>   16,000</u>

5 0
3 years ago
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