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vladimir2022 [97]

3 years ago

12

The events over the course of a year happen one at a time, therefore a timeline would be appropriate. The timeline must be prese

nted
a.
As a straight line
c.
As a spiral shape
b.
As a pattern of events
d.
The way which best describes the events

2 answers:

Flura [38]3 years ago

7 0

Answer:

D

Explanation:

lidiya [134]3 years ago

6 0

D) The way which best describes the events.

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A firm sells a product in a purely competitive market. The marginal cost of the product at the current output is $5.00 and the m

Rufina [12.5K]

Shut down, if the minimum possible average variable cost is $5

In the purely competitive market majority of the producers is price taker as there are many sellers of the same homogenous product. When in the situation of Marginal Cost (MC) of product at the current rate of production is equal to the market price. This shows that the firm isn’t in profit, it is selling at which they are producing. So, the Average Variable Cost AVC of product at this level indicates the shutdown of the firm production.

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2 years ago

Vests, Inc. has 1,000 shares of 5%, par $100, non-cumulative preferred stock and 10,000 shares of $1 par value common stock outs

aleksklad [387]

Answer:

$5,000 and $7,500

Explanation:

For computing the preferred dividend and common shares dividend, first, we have to find out the yearly dividend which is shown below:

= Number of shares × par value per share × dividend rate

= 1,000 shares × $100 × 5%

= $5,000

The total dividend declared is $12,500

Out of $12,500, the $5,000 will be paid to preferred stockholders and the remaining $7,500 will be paid to common shares

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4 years ago

Assume that the price ceiling is set at 10 million dollars, that the quantity supplied at this price is 2 thousand jet planes, a

Jobisdone [24]

Answer:

since you didn't include the graph, I cannot tell what the producer surplus area will be on the graph, but I can calculate total producer surplus in $:

total producer surplus = (actual price - minimum price that a producer is willing to accept) x total quantity supplied

actual price = $10 million
minimum price = $2 million
quantity supplied = 2 million units

total producer surplus = ($10 million - $2 million) x 2,000 jet planes = $8 million x 2,000 jet planes = $16,000 million

5 0

3 years ago

During 2021, Ocean Consulting had the following transactions with its clients (customers): On February 1, 2021, the company rece

Serggg [28]

The service Revenue will be:

1. Cash for service performed in 2021 -------------------------- $13,500

2. Bill sent to clients for service performed in 2021--------- $4,100

TOTAL------------------------------------------------------------------------$17,600

The $5,100 received was for the service done in 2020 and this will be decrease the account receivables on the balance sheet while the $2,100 received for work to be done in 2022 will be recorded as an unearned revenue because the service has not been rendered.

5 0

3 years ago

During the month of April, direct labor cost totaled $15,000 and direct labor cost was 40% of prime cost. If total manufacturing

Aleonysh [2.5K]

Answer:

Manufacturing overhead= $39,500

Explanation:

Giving the following information:

Direct labor= $15,000

Direct labor cost was 40% of prime cost.

Total manufacturing costs= $77,000

<u>First, we need to calculate the prime cost:</u>

<u></u>

Prime cost= direct material + direct labor

Prime cost= 15,000/0.4= 37,500

<u>Now, we can determine the manufacturing overhead:</u>

Manufacturing overhead= total manufacturing costs - prime costs

Manufacturing overhead= 77,000 - 37,500

Manufacturing overhead= $39,500

7 0

3 years ago