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Lorico [155]
3 years ago
8

2001 was a bad year for Red Delicious apple farmers in Washington State. The market price for Red Delicious apples was $10.61 pe

r box. As a result, many farmers decided not to pick the apples off their trees and instead let them rot. Assuming that the Red Delicious apple market was perfectly competitive, is it possible that these farmers were profit maximizing when they decided to let their apples rot in the short-run
Business
2 answers:
scoundrel [369]3 years ago
7 0

Answer: This statement is correct. Maximizing profit refers to short run or long run process by which a businessdetermine the price, input, and output levels that lead to the highest profit possible.

By choosing not to not to pick the apples off their trees and instead let them rot the farmers are in fact maximizing profits as picking them and selling might lead to loss.

Alexxx [7]3 years ago
6 0

Answer:

<u>No</u>

Explanation:

Remember, when we say a firm is in a perfectly competitive market we imply that the firm has no overall dominance  in the market but have other competitors who sell the same products.

Therefore the Delicious apple farmers would not be maximizing profit, if the Farmers deliberately left the produce to rot on the trees, as other competitors will likely supply the same products to the final consumers.

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Which of the following is a typical current liability?
Anestetic [448]

Answer: Option B

                 

Explanation: In simple words, current liabilities refers to the obligations and promises that an entity has to pay within a year. These liabilities usually arise due to the need of an organisation to fulfill their short term requirements to operate the business efficiently.

These liabilities are of critical in nature as they directly affects the liquidity of the business. In the given case, sales tax payable is the only obligation that must be fulfilled with a year. Hence it is a current liability.

6 0
3 years ago
A firm has a profit margin of 12 percent; total asset turnover of 0.55 and an equity multiplier of 2.2. What is the firm's ROA a
lutik1710 [3]

Answer:

ROA = 6.6%

ROE 14.52%

Explanation:

profit margin = net income / sale = 12%

assets turn over = sales / assets = 0.55

equity mutiplier = assets / equity = 2.2

ROE = return on equity = net income / equity

ROA = return on equity = net income / assets

we use the fraction properties to get ROE and ROA

\frac{income}{sales} \times \frac{sales}{Assets} =\frac{income}{Assets} \\ 0.12 \times 0.55 = 0.066\\

ROA = 6.6%

We apply the same property to get ROE

\frac{income}{assets} \times \frac{assets}{equity} =\frac{income}{equity} \\ 0.066 \times 2.2 = 0.14252\\

ROE = 14.52%

6 0
3 years ago
A publisher for a promising new novel figures fixed costs​ (overhead, advances,​ promotion, copy​ editing, typesetting, and so​
alisha [4.7K]

Answer:

5,409 books

Explanation:

to calculate break even point in units we can use the following formula:

break even point in units = total fixed costs / contribution margin per unit

  • total fixed costs = $53,000
  • contribution margin per unit = sales price - variable costs = $12 - $2.20 = $9.80

break even point in units = $53,000 / $9,80 = 5,408.16 ≈ 5,409 books

in $, that would equal = 5,409 books x $12 per book = $64,908

5 0
3 years ago
Read 2 more answers
Almost all tasks in a project will be connected using either _____ or _____ dependencies.Select an answer:a)start-to-finish; fin
anyanavicka [17]

Answer:

c) finish-to-start; start-to-start

Explanation:

Project dependencies are the time relationships between a predecessor and a successor in project management. In other words, these dependencies describe which activity among the two needs to start earlier or later and when it needs to start or finish compared to the other one.

The most common type of dependency in all projects (no matter the nature or industry) is the finish-to-start one, where the activity A needs to be completed before activity B starts, e.g. base nail polish has to be put before the top coat gets put on the nails.

The second most common type of dependency is the<em> start-to-star</em>t one, where two activities need to start at the same time. This is common for activities where synchronization is paramount.

3 0
3 years ago
Read 2 more answers
Santoyo Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below:
USPshnik [31]

Answer:

The delivery cycle time was 26.9

Explanation:

The delivery cycle time is computed as:

Delivery cycle time = Wait time + Throughput time

where

Wait time is 13.6

The formula for computing the throughput time is as:

Throughput time = Move time + Process time + Queue time + Inspection time

where

Move time is 3.3

Process time is 2.7

Queue time is 7.0

Inspection time is 0.3

Putting values above:

Throughput time = 3.3 + 2.7 + 7.0 + 0.3

Throughput time = 13.3

Now, putting both the values above:

Delivery cycle time = 13.6 + 13.3

Delivery cycle time = 26.9

4 0
3 years ago
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