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lutik1710 [3]
3 years ago
7

True or False. Suppose the minimum average total cost (ATC) of a firm competing in a competitive price-taker market was $1.00 pe

r unit and that the firm's minimum average variable cost (AVC) was $.80 per unit. If the market price was $.75 per unit, a profit-seeking firm would shut down.
Business
1 answer:
nevsk [136]3 years ago
6 0

Answer:

True

Explanation:

At least in the short run the company will stop production since the contribution margin will be negative: variable costs are higher than selling price, so the company is losing money with every unit it produces.

The company should start producing again as soon as the price increases and the contribution margin is positive. This way the company will at least be able to cover some of its fixed costs.

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On March 1, 20X4, Fine Co. borrowed $10,000 and signed a two-year note bearing interest at 12% per annum compounded annually. In
Marrrta [24]

Answer:

$2,320

Explanation:

the interest accrued by February 28, 20X5 = $10,000 x 12% = $1,200

since the interest compounds yearly, the interest accrued by December 31, 20X5 =  ($11,200 x 12% x 10/12) + $1,200 = $1,120 + $1,200 = $2,320

Compound interest means that earned interest will earn more interest itself in the next period. That is why you need to include the previously accrued interest in the interest calculation for the second part.

6 0
3 years ago
An example of an intangible asset is Question 8 options: land. a building. assembly cost. a patent.
NARA [144]

Anything that's intangible means you cannot touch it. You can touch the land (with your feet), and you can touch a building. Neither are intangible assets.

An assembly cost is intangible, but it's not an asset. It's a cost. Assets are things with long term value - a cost is something spent.

A patent has value in the future - someone with the patent owns the ability to make a product. That makes it an asset. It's also a right and not able to be touched.

Thus, the patent is an example.

5 0
4 years ago
In _____________, you accompany users to observe how they use a product or service in a real-life, day-to-day setting.
yKpoI14uk [10]

In Shadowing, you accompany users to observe how they use a product or service in a real-life, day-to-day setting.

This is further explained below.

<h3>What is Shadowing?</h3>

Generally, On-the-job learning, career growth, and leadership development are the three main focuses of the work shadowing program.

It requires collaborating with another worker, who could be engaged on a different task at the time, might have something to impart, etc.

In conclusion, When you participate in Shadowing, you go along with people to see how they use a product or service in a context that is more realistic and day-to-day.

Read more about  Shadowing

brainly.com/question/20323273

#SPJ4

In _____________, you accompany users to observe how they use a product or service in a real-life, day-to-day setting.

a. In-depth interviews

b. Shadowing

c. Ethnography

d. Customer profiling

e. Crowdsourcing

f. None of the above

6 0
2 years ago
ritchett Co. reported the following year-end data: Cash $ 15,000 Short-term investments $ 5,000 Accounts receivable (current) $
ratelena [41]

Answer:

a.

The current ratio is 2.7

b.

The acid-test ratio is 1.7

Explanation:

a)

The current ratio is a ratio to measure the liquidity of a firm. The current ratio calculates the amount of current assets per every $1 of current liability.

Current ratio = Current assets / Current Liabilities

Current ratio = (15000 + 5000 + 8000 + 20000 + 6000) / 20000

Current ratio = 2.7 or 2.7 : 1

b)

The acid test ratio is also a measure of liquidity that only takes into account the most liquid asset in calculation of the ratio and it excludes the inventory in the calculation.

Acid test ratio = (Current assets - Inventory) / Current liabilities

Acid test ratio = (15000 + 5000 + 8000 + 6000) / 20000

Acid test ratio = 1.7 or 1.7 : 1

6 0
4 years ago
During the meeting Malcolm constantly reminds the rest of the team that he is in charge of this project, and it must be carried
KengaRu [80]

Answer:

The correct answer is b) Coercive

Explanation:

The term Coercive refers to the use of force or power to influence someone, sometimes, through punishments. The government uses coercive power through the army to regulate a nation according to the norms and policies of the country. Malcolm is using coercive to make sure and show to the team that the project is handling by him.

6 0
3 years ago
Read 2 more answers
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