Answer:
reduce output
Explanation:
The marginal cost ($26) is greater than the marginal revenue ($25). In order to maximise profit, marginal cost should he reduced up to the point where marginal cost equals marginal benefit.
A firm should shutdown, reduce production to zero if average variable cost is greater than price but in this question, the firm shouldn't shut down since price ($25) is greater than average variable cost ($24).
I hope my answer helps you
Answer: c. 5 days, 7 workers
Explanation: With the project requirements provided, and with the least of number of resources working on the task not less than the number of those assigned to the task.
The least amount of time for the project to complete would be approximately 5 days, and the resources needed to complete the task would be approximately 7 workers.
Answer:
sales returns & allowance 2,000 debit
accounts receivables 2,000 credit
Inventory 500 debit
COGS 500 credit
-to record the return of goods from Jerry Hines--
Explanation:
As the returned goods are not reported as failure or malfunction just; the customer returned as exceeds his needs, we can return them to goods ready to sale thus; inside inventory account.
We will decrease the account receivable, our COGS and increase our inventory
Answer:
Cash receipt for the month of November is $600000
Explanation:
The receipt of the cash will be such that the sales made in a particular month will be calculated half in the month of sale and half in the next month. Thus, the cash receipt from the accounts receivables for the month of November will be,
Cash received from the October sales = 620000 * 0.5 = $310000
Cash received from the November sales = 580000 * 0.5 = $290000
Total cash receipt in the month of November will be,
Cash receipt - November = 310000 + 290000
Cash receipt - November = $600000
Answer:
1298
Explanation:
Reason: Right-of-Use Asset is debited for the present value of the annual lease payment which is $1,298
