Answer:
$82,400
Explanation:
Cost of goods sold = beginning merchandise inventory + purchases - ending merchandise inventory.
$69,200 = $15,600 + purchases - $28,800
Purchases = $82,400
A recession is when the inflation rate is low.. prices are falling dramatically in the market
Profit maximization can be achieved by a competitive corporation by choosing a quantity of output such that marginal revenue equals marginal cost.
<h3>How does a corporation maximize its profit?</h3>
A corporation maximizes income via way of means of operating wherein marginal revenue equals marginal price. The corporation chooses quantity in order for that rate to equal marginal value so that it can maximize its profit.
Therefore, When the marginal revenue for an aggressive corporation equals the market rate, the firm maximizes its profit.
learn more about profit maximization here:
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Answer:
D) A and B
Explanation:
a. as the price declines, the real income of the consumer increases
b. as the price of product A declines, it makes it more attractive than product B
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Answer:
B $12,300
Explanation:
Note that the movements in the prepaid insurance account balance is as a result of payments and amortization of these expenses as they fall due. While additional payments increases the prepaid insurance balance, amortization reduces it.
Given that the ending balance in the Prepaid insurance account for 2018 is $1,400. This is the opening balance for prepaid insurance in 2019. Given that the insurance expense for 2019 is $12,800 and the ending balance in the Prepaid insurance account for 2019 is $900
Let the amount paid in 2019 be r
Then
$1,400 + r - $12,800 = $900
r = $900 + $12,800 - $1,400
r = $12,300
The right answer is B $12,300
