Answer:
C increase both output and price.
Explanation:
A monopolist respond to an increase in demand by increasing output and price.
In the given case, Marginal revenue is greater than marginal cost at those levels of output produced and the firm can make higher profits by increasing number of output. A monopolist can determine its profit maximizing price by analysing the marginal revenue and marginal cost of producing extra unit of output.
Answer:
$184,000
Explanation:
The computation of adjusted cost of goods sold is shown below:-
For computing the adjusted cost of goods sold first we need to find out the cost of goods sold which is here below:-
Cost of goods sold = Beginning inventory of finished goods + Cost of goods manufactured - Ending inventory of finished goods
= $39,000 + $188,000 - $47,000
= $180,000
Adjusted cost of goods sold = Cost of goods sold + Manufacturing overhead cost incurred - Manufacturing overhead cost applied
= $180,000 + $71,000 - $67,00
= $184,000
Answer: No, Paul has not breached a contract.
Explanation: To answer this, we must first we must define what a contract is.
A contract is an agreement between two or more people that is legally binding, and which guides or governs the actions or conducts of the parties involved.
A quality that makes a contract legally binding is that it is enforceable by law.
In the scenario given in the question above, Paul has not breached any contract because there isn't one. The promise to buy dinner has not been legally bound, therefore, it is not enforceable by law, in essence, it is not qualified to be called a contract.
The key revenue accounts that are usually included in the cycle
can help know more about business’ income moves through the company's
accounting system. These are:
-Cash
-Sales
-Accounts Receivable
-A/R Subsidiary Ledger
-Financial Receivable
-Allowances for Doubtful Accounts
-Bad Debt Expense
-Sales Discounts
-Sales Returns and Allowances
-Leases
-Warranty Expense
-Warranty Liability
-Sales Commission Expense
Accounts that Involve Critical Accounting Estimates:
-Warranty and Additional Service Actions
-Automotive Sector
-Financial Service Sector
-Operating Leases-
Allowance for Credit Losses
-Allowance for Doubtful Accounts
-Bad Debt Expense
-Lease
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I believe the answer is D. Hiring employees.
Hope that helped.
