Answer:
Firms will leave the market in the long run.
Explanation:
Firms will leave the market in the long run.
Generally, the new firms enters in the market because the incumbent firms makes super normal profit. So in the long run, the continuous entry of firms will make the profit zero. Thus, when there is zero profit in the long run then the firms will start leaving the market and the demand for remaining firms will start rising because when firms start leaving the market then supply falls.
Answer:
30%
Explanation:
The computation of the profit margin is shown below:
Given that
Net income earned for the month of October = $3,000
And, the net sales for the month of October is $10,000
Based on the above information, the profit margin is
= Net income ÷ Net sales
= $3,000 ÷ $10,000
= 30%
By dividing the net income from the net sales we can get the profit margin and the same is to be considered
Explanation:
Campaigns "a vision, a sound, a sell" are those that seek a unified approach to the brands and products belonging to an organization.
This marketing strategy focuses on the search for greater standardization of an organization and greater positioning in the market, adding greater value to its products and allowing greater control of the management of the effectiveness of the marketing campaign.
Therefore, to meet the demand for this type of campaign, advertising agencies must make the necessary adjustments to unify the products and brands belonging to the same company in order to promote the value of the other product lines, but also to create their own aligned advertising. to each product and its benefits, so that the customer understands that the company is complete and serves it on several levels.
It is also ideal for advertising agencies to ensure that there is no conflict overlapping the values of a product or the main brand.
Answer:
$58,600
Explanation:
The computation of the total cost for producing the 400 units for the new product is shown below:
= Learning curve at 65% for producing 400 units × cost for produced first time
= 23.44 × $2,500
= $58,600
By multiplying the Learning curve at 65% for producing 400 units with the cost i.e produced first time so that the total cost could come and the same is to be considered
Answer:
Newton Corporation
Net income for the year = $120
Explanation:
a) Data and Calculations:
Direct materials cost = $400
Direct labor cost = 800
Manufacturing overhead 400
Total manufacturing cost $1,600
Cost per unit = $8
Ending Inventory of finished goods = 150 units * $8 = $1,200
Cost of goods sold = 50 * $8 = $400
Sales revenue = 50 * $12 = $600
Newton Corporation
Income Statement
For the year ended December 31:
Sales Revenue $600
Cost of goods sold 400
Gross income $200
Selling & Admin.
expense 80
Net Income $120
b) Newton Corporation's net income is the difference between the Sales Revenue, cost of goods sold and selling and administrative expenses.
