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sertanlavr [38]
3 years ago
5

Mr. Smith is hired as a consultant to a firm evaluating entry into a perfectly competitive industry. Mr. Smith determined that a

t the projected level of output the price would be $100, the average variable cost would be $50, average total cost would be $80, and marginal cost would be $70. Mr. Smith’s report will include the following remarks:
Business
1 answer:
DENIUS [597]3 years ago
5 0

Answer:

P = 70, Ed = ∞ , Firm = Price Taker , Free Entry & Exit

Homogeneous Product , No selling costs , Long Run Normal Profits

Explanation:

Perfect Competition is a market form with : many number of buyers & sellers, selling homogeneous goods at uniform prices, while firms & consumers having perfect information & no selling costs.

In this market : Price = Marginal Cost , as taken by all firms from the industry & so demand curve is horizontal parallel to x axis - denoting perfectly elastic demand i.e infinite sale at prevailing price.

As market's all sellers goods are homogeneous & all have perfect information about it, no selling costs are required. Free Entry & Exit in industry also imply that Industry's profits are confined to 'Normal Profits' (No Supernormal profit / abnormal loss) in long run.

So, Smith's report would include all the above mentioned remarks.

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Select the incorrect statement regarding costs and expenses.Multiple ChoiceExpenses are incurred when assets are used to generat
d1i1m1o1n [39]

Answer:

Manufacturing-related production costs are initially recorded as expenses

Explanation:

Cost is defined as an amount that has to be paid or spent to buy or obtain something. Cost can be specific, like, "What is the cost of a particular product?" or it can be a penalty, like consider the cost of missing the event.

Expenses sounds similar to that of cost: an amount of money that must be spent especially regularly ro pay for something.

Manufacturing cost are considered to as those that are spent to transform materials into finished goods. Manufacturing costs include direct materials, direct labor, and factory overhead.

Manufacturing cost are also known as factory cost or production cost

3 0
3 years ago
Read 2 more answers
The PE ratio: Assuming Net Income for the year is $250,000, what is the net cash flows from operating activities given the follo
solmaris [256]

Answer:

Net operating cash flow = $189,250

Explanation:

Particulars                                    Amount$

Net income                                    250,000

Add:depreciation expense           9,500

Add:loss on sale of asset              1,250

Add:increase in salary payable    19,500

Less:increase in prepaid rent       (27,500)

Add:increase in AP                        29,500

Less:increase in inventory            <u>(93,000)</u>

Net operating cash flow              <u>$189,250</u>

4 0
3 years ago
On January 1, C company sells 50,000 shares of $3 par common stock for $5. It does not issue any preferred stock. Later on the c
cestrela7 [59]

Answer:

$85,000

Explanation:

Given that,

Shares sold = 50,000 shares of $3 par common stock for $5

Buys back = 10% of its common shares outstanding for $7 per share

Total equity on December 31 = $300,000

Balance in stockholder's equity without retained earnings:

= Beginning balance in stockholder's equity + Increase in stockholder's equity - Decrease in stockholder's equity

= $0 + (50,000 × $5) - (50,000 × 10% × $7)

= $250,000 - $35,000

= $215,000

Retained earnings on December 31:

= Total equity at December 31 - Balance in stockholder's equity without retained earnings

= $300,000 - $215,000

= $85,000

5 0
3 years ago
An auto company decided to relocate its offices from Huntsville, Alabama to Orlando, Florida. The human resources manager of the
yawa3891 [41]

In the given case the human resource manager will be considered frictionally unemployed. Thus the correct answer is B.

<h3>What is unemployment?</h3>

Unemployment is the situation in which an individual is unable to find any job or occupation to meet the financial needs of life after having all the required talents and qualifications.

Frictionally unemployment is a situation when an individual is relocating to another job from one job. In the given situation the manager is not terminated.

The human resource manager resigned from the job due to obligations from family. This shows that she has the skills and talents to pursue and join another job. The period in which she is searching for a job is considered frictional unemployment.

Learn more about unemployment, here:

brainly.com/question/14227610

#SPJ1

5 0
2 years ago
Parker had just graduated from Howard University in Washington, DC at the top of his class with a B.S. in Computer Engineering.
Nikitich [7]

Answer:

The firm wins because these actions are not illegal.

Explanation:

The laws that prohibit non physical harassment at work are:

  • Title VII which prohibits discrimination based on race, color, sex, religion, etc.
  • ADEA which protects people who are older than 40 years old against discrimination based on their age.

Parker should first address this issue with the company and see how it can work out. It is very difficult for someone to win a lawsuit if they don't fall under any protected category. In this case, Parker's colleagues are jealous because he is simply smarter and that is the reason why they are harassing him. I guess that if he can prove with a psychiatrist report that the continuous harassment is affecting his well being, he might have a chance.

I knew a case from first hand about a very beautiful woman who had two careers and was very smart and efficient. She wasn't harassed by men, most men at the office only starred at her and wouldn't dare to talk to her. She was harassed by other women that were jealous about her beauty and the fact that she was probably the smartest person around. Besides everybody knowing that the other women were jealous, and everyone making jokes about who was most jealous, she couldn't do anything about it. She ended up quitting the job and to be honest her life got much better at another place. Sometimes an organization's culture is managed by one or two individuals, and if they feel threatened by someone else, they may act in a very childish way and the rest follows.

4 0
3 years ago
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