Answer: B) Only I
Explanation: The first rule regarding reporting requires that the auditor indicate in his report whether the financial statements were prepared in accordance with the generally accepted GAAP accounting principles. The term "accounting principles" used in the first information standard shall be understood to cover not only accounting principles and practices but also the methods of their application at a particular time. There is no comprehensive list of GAAP, since both written and oral principles are accepted in accounting.
To find the margin of safety in dollars, subtract the breakeven sales from the budged or actual sales.
Current sales are 41,800 units
Break even point in units is 33,900
Cost per unit is $170
(33,900)($170) = $5,763,000
(41,800)($170) = $7,106,000
The margin of safety in dollars is:
$7,106,000 - $5,763,000 = $1,343,000
Answer:
The correct answer is option c.
Explanation:
Pure monopoly refers to a market where there is a single producer selling a product with no close substitutes. Such type of market is very rare.
There is restriction on entry and exit of firms in the market. The firm operating in this market is a price maker and faces a downward-sloping demand curve.
No close substitutes, single seller and barriers to entry are essential conditions for a pure monopoly to exist.
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.
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it would be a as a team I hope this helps
