Answer:
Net operating income= $26,140
Explanation:
Giving the following information:
Fixed costs= $23,000
The contribution margin ratio is 63%.
Sales= $78,000
<u>First, we need to calculate the contribution margin:</u>
Contribution margin= contribution margin ratio*sales
Contribution margin= 0.63*78,000
Contribution margin= 49,140
Net operating income= 49,140 - 23,000= $26,140
Number of firms -one
Nature of product-a unique product with no close substitute
Entry- completely blocked
Information - complete
Collusion between sellers - irrelevant
Firm's control over the price of product - considerable , but limited by market demand and goal of profit maximisation
Demand curve of the firm's product - equals market demand curve : downward sloping
Long-run economic profit - can be positive
Answer:
A. $146,200
Explanation:
Collection from October sales (60% of October sales) [14300 x 60%]$ 85,800.00
Collection from November sales (40% of November sales) [151000 x 40%] $
60,400.00
Total collection in November $ 146,200.00
Therefore The total amount of cash expected to be received from customers in November is: $ 146,200.00
Answer:
I actually do think that people will stop buying this type of food from time to time because if it has calories added into it then it will make the price of the food go up and I don’t think that people would like that.For example, most people that are trying to keep their diet equal aren't going to buy this for two reasons.The first reason is because they don’t want to gain more calories and the second reason is because they don’t want to pay extra for calories.And to answer the question about the big mac, the price of it is just $13.20 and it just depends on how many calories are in there to add more to the price of the food. That's my answer to this question.
Explanation:
<span>Accounting profit is profit calculated using only the explicit costs incurred by the firm. Explicit costs are all costs that are considered to be out-of-pocket costs. These costs can include materials, salaries, rent and more. Implicit costs are opportunity costs to the firm of resources that are already owned by the company such as expanding the work building on land that has already been purchased.</span>
