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3 years ago

Which of the following statements is true?

Business

1 answer:

Luden [163]3 years ago

6 0

Answer:

The correct answer is option c.

Explanation:

The variable costs are the cost incurred on the variable factors of production. The fixed costs are the costs incurred on the fixed factors.

In the short run, there are certain factors that are fixed and others that are variable. So in the short run, some costs are fixed and others are variable.

But in the long run, there is enough time for all the factors to be changed. So all the factors are variable and cost incurred on these variables is also variable.

So we can say that in the long run, there are no fixed costs.

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Two leading home appliance companies, Redwood Inc. and Boxer Technologies, are in competition for market share. In their quest f

SVETLANKA909090 [29]

Answer:

Option B

Explanation:

Open innovation framework includes strategic, controlled transfers of knowledge with actors beyond an organization's borders, seeking to incorporate their expertise and experience into the creative cycle of the organisation itself.

Whereas, A closed development is focused on the assumption that the businesses itself produce developments. The innovation cycle usually occurs exclusively inside the business, from the production of concepts to the creation and advertising.

Thus, from the above we can conclude that the correct option is B.

4 0

3 years ago

The Freed Company produces three products, X, Y, Z, from a single raw material input. Product Y can be sold at the splitoff poin

Paladinen [302]

Product Y: would increase the company's overall net operating income by $2,000 if processed further and then sold.

Option 4 is correct

<u>Solution:</u>

Particulars Amount

Incremental income ( $68,000-$50,000) $18,000

Less: Incremental cost $16,000

______________________________________________

Incremental Income $2,000

6 0

4 years ago

Tamarisk Inc. had a beginning inventory of $11,700 at cost and $18,200 at retail. Net purchases were $132,188 at cost and $183,7

Agata [3.3K]

Answer: $47,736

Explanation:

GIVEN THE FOLLOWING ;

beginning inventory = $11,700 at cost

Beginning inventory =$18,200 at retail.

Net purchases= $132,188 at cost

Net purchases =$183,700 at retail

Net markups = $9,700

Net markdowns = $6,600

Sales revenue = $134,800.

Ending inventory at cost using conventional retail method ;

Cost total = beginning inventory at cost + net purchases at cost

Cost total = $(11,700 + 132,188) = $143,888

Retail total (after net markups) = beginning inventory at retail + net purchases at retail + net markups

$(18,200+183,700+9700) = $211,600

Cost-to-retail ratio ;

$(143,888 ÷ 211,600) = 0.68 = 68%

Ending inventory at retail :

$211,600-(net markdowns + sales revenue)

$211,600 - $(6600+134800)

$211,600 - $141,400 = $70,200

Ending inventory at cost = 0.68 × $70,200 = $47,736

7 0

3 years ago

alberto sells his firewood in a competitive market. at a price of $140 per load, the total cost at alberto's profit-maximizing o

Nat2105 [25]

Profit is equal to the product of the price of the production and the average total cost.

How do you find the quantity of perfect competition that maximizes profit?

When marginal revenue equals marginal cost, or when MR = MC, a fully competitive firm will make the decision that will maximize its profits.

What is the production that the company produces at a profit?

The production rule listed below is used by a competitive business to increase profits: The output level that generates the most profit for the company is where the marginal cost (MC) just touches the product price and where the MC curve is sloping upward.

Learn more about Profit here:

brainly.com/question/26215194

#SPJ4

3 0

1 year ago

Gramps purchased a joint survivor annuity that pays $500 monthly over his remaining life and that of his wife, Gram. Gramps is 7

Bezzdna [24]

Answer:

$150

Explanation:

Calculation of how much income that Gramps will recognize on the first payment.

Since joint survivor annuity has 23.1 as the annual return multiple .

Calculation for Expected return

Expected return =Annual payment *Return multiple

($500*12) =$6,000

$6,000×23.1

=$138,600

Therefore :

$97,020/$138,600

=0.7×100

=70%

The 70% of each of the payment will be the return of capital while the 30%(100%-70%) will be the income.

Hence the first payment be:

30%×500

=$150

Therefore the amount of income that Gramps will recognize on the first payment will be $150

6 0

4 years ago