Answer:
Continue operating; $699
Explanation:
The equilibrium price is $10.
MR = MC at 233 units of output.
At this output level, ATC is $12, and AVC is $9.
The AFC or average fixed cost
= ATC - AVC
= $12 - $9
= $3
The total fixed cost
= ![AFC\ \times Q](https://tex.z-dn.net/?f=AFC%5C%20%5Ctimes%20Q)
= ![\$ 3\ \times\ 233](https://tex.z-dn.net/?f=%5C%24%203%5C%20%5Ctimes%5C%20233)
= $699
The equilibrium price is able to cover the average variable cost so the firm should continue production in the short run.
Answer:
$22
Explanation:
Book value per share of common stock=$8,690,000-(20,000*100)-(20,000*100*8%)/300,000
=$8,690,000-$2,000,000-$160,000/300,000
=$22
repeatability and reproducibility (R&R) study
Answer:
D. total variable costs
Explanation:
A purely competitive firm should produce in the short run if its total revenue is sufficient to cover its <u>total variable costs</u>.
In short run, fixed cost had to be incurred even if it shuts down. So it should operate as long as price is greater than average variable cost.
Answer: as a current liability
Explanation:
From the question, we are given the information that Orear Manufacturing signed a contract with a supplier to buy raw materials in 2021 for $700,000 and before the December 31, 2020 balance sheet date, the market price for these materials dropped to $510,000.
The journal entry to record this situation at December 31, 2020 will result in a credit that should be reported in the current liability. It should be noted that current liabilities are the liabilities for the financial obligations for a company on a short-term basis which are normally due within a period of one year.
Examples of current liabilities are accruwed expenses, accounts payables, short-term debt, and dividends payable.