When marginal profit turns negative, producing more output will decrease total profits. Total profit is maximized where marginal revenue equals marginal cost. In this example, maximum profit occurs at 4 units of output.
Answer:
Cash Paid = $62000
Explanation:
To calculate the amount of cash paid by the business for operating expenses during the year, we use the following equation.
Cash Paid = Opening Accrued liability + Operating expenses for the year - Closing Accrued Liability
By plugging in the values for opening accrued liabilities, operating expenses for the year and closing accrued liabilities in the above formula, we can calculate the amount of cash paid for operating expenses.
Cash Paid = 15000 + 52000 - 5000
Cash Paid = $62000
The settlement option that provides for ongoing payments for
a period of time is called annuity. The annuity is a type of insurance contract
in which they provide an individual an annual income for a long period of time
such as an example of this is a pension.
Answer:
<u>product recalls</u>
Explanation:
Note, the Consumer Product Safety Commission is an agency that is concerned with consumer product safety in general regardless of whether they are food-related products or not.
Hence, <u>this agency among its stated primary objectives on its official website includes carrying out product recalls where necessary.</u>
Answer:
$1,389,375
Explanation:
Data provided as per the question:-
Product per unit = $195
Current sales = 42,300 units
Break-even sales = 35,175 units
The computation of margin of safety in dollars is shown below:-
Margin of safety (in units) = Total sales - Break-even sales
= 42,300 - 35,175
=7,125 units
Margin of safety (in dollars) = Margin of safety × Product per unit
=(7,125 × $195)
= $1,389,375
