$9 is the marginal revenue for forty first unit.
The increase in revenue that comes from selling one more unit of output is known as marginal revenue. Although marginal revenue can remain constant at a certain level of output, it will eventually start to decline as the output level rises due to the law of diminishing returns.
According to economic theory, firms that are completely competitive keep on producing goods until marginal revenue and marginal cost are equal. Multiple situations call for the usage of marginal revenue. Businesses examine the market's client demand for items using historical marginal revenue data. Additionally, they set the most effective and efficient pricing using the information. Last but not least, businesses rely on marginal revenue to better comprehend estimates; from this data, future production schedules, such as planning for material requirements, are then derived.
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Answer:
A. $48 comma 000 $48,000
Explanation:
The total dividend to be declared in 2016 = Preference dividend outstanding + common stock holder dividend.
Burkert company has not declared any preference dividend in 2014 and 2015. The preference dividends are cumulative and the company has to pay prior years dividends also. The annual preference dividend amounts $16,000 (4,000 shares * $100 par value * 4% preferred stock)
The cumulative preference dividend for 3 years 2014, 2015 and 2016 will be $16,000 * 3 years = $48,000
The common stock dividend that a company must declare in order for every shareholder to receive atleast $1 is $50,000.
A control account appears in the general ledger and is supported by a subsidiary ledger.
<h3>What is a control account in accounting?</h3>
A control account is known to be a summary-level account that is found the general ledger.
This account is made up of aggregated totals for transactions that are personally stored in subsidiary-level ledger accounts.
Note that;
- The control account in the general ledger is known as Accounts Payable account.
- When postings are complete, the subsidiary ledger are said to be equal the balance of the Accounts Payable account in the general ledger.
- The subsidiary ledger is accurate by preparing a schedule of accounts payable and linking it against the balance in the control account.
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Answer:
Misstatement of age
Explanation:
Based on the information provided within this question it can be said that the term that describes what is happening in this situation would be Misstatement of Age. Like mentioned in the question this is a provision in many life insurance policies which adjusts the individuals premium to the actual price based on their age if there was an error with the individuals age in the policy. Which is exactly what has happened to Lisa Smith.
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From the illustrated description of Charlie’s job in his company, it is clear that Charlie’s role in the company is working as a public relations manager.
A public relations manager is responsible for maintaining a favorable image of their clients, be it individuals, or in Charlie’s case, a company. This include dealing with the media, holding press conferences, and writing press releases.