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3 years ago

Profit maximization occurs when:

Business

1 answer:

lianna [129]3 years ago

3 0

Answer:

The correct answer is option B.

Explanation:

Profit maximization refers to the situation when a firm is able to maximize the total profit that it could earn through the production of goods and services.

The total profit is maximized when the marginal profit is zero or when the marginal revenue is equal to marginal cost. The marginal profit is the difference between marginal revenue and marginal cost.

If the marginal revenue is greater than the marginal cost the firm should increase production till both are equal.

In case, marginal revenue is less than the marginal cost the firm should stop producing more and reduce production till both are equal.

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On May 3, 2020, Windsor Company consigned 90 freezers, costing $480 each, to Remmers Company. The cost of shipping the freezers

aivan3 [116]

Answer:

a. Value of Ending inventory $ 22025

b. Profit= $ 10429

c. Amount Remitted to the Consignor $32454

Explanation:

Windsor Company

Goods Sent on Consignment 90 * $ 480= $ 43,200

Shipping Charges $ 850

Total $44050

Cost of One Freezer = $ 44050/ 90= $ 489.44

Cost of 45 Freezers= $22025

The ending inventory value is calculated by multiplying the unit costs with the units at hand.

a. Value of Ending inventory at the Hands of the Consignee = Units* Cost Price = 45 * $ 489.44= $ 22025

Sales by the Consignee 45* $ 780= $ 35100

b. Profit= Sales - (Cost + Expenses) = $ 35100- ($22025 + $2646)

= $ 10429

Profit is calculated by subtracting all the expenses and the cost from the sales

Installation Charges $330

Advertisement Costs $ 210

Commission (6% of 35100)= $2106

Total Expenses $2646

c. Amount Remitted to the Consignor = Sales - Expenses= ( $ 35100- $2646 )= $32454

3 0

3 years ago

Read 2 more answers

The business world is becoming increasingly global due to advances in technology and travel. This means that businesspeople must

OLEGan [10]

Since the questions are different, the answers are separated for question 1 and 2

ANSWER:

1) The best question to ask is: "What are the top three sights I should see".

2) Avoid assuming unethical behavior until you clarify what he is asking for in relation to the agreed-upon contract.

Inform the executive that this extra $10,000 wasn't in the original contract.

EXPLANATION:

1) It I very important to know the things expected to happen in the meeting, so that you can prepare ahead for it. Knowing the top three sights will help you prepare ahead for them. This question tends to extract the frequent and most occuring actions the supervisor always encounter during her meetings at Thailand.

2) It is not always right for us to condemn people's actions without the details of such action. Try to understand the details of why the executive wants you to add $10,000 to the cost of the project, so that you won't assume wrongly. And it is always right to specify the $10,000 demanded by the executive as a separate cost from the initial cost of the project, if the money does not directly linked the the initial cost of the project.

7 0

3 years ago

Over a four-year period, LaKeisha Thompson purchased shares in the Oakmark I Fund. Using the following information, answer the q

ArbitrLikvidat [17]

Answer:

LaKeisha Thompson

a. At the end of four years, the total amount invested is:

= $6,000

b. At the end of four years, the total number of shares purchased is:

= 166.81

c. At the end of four years, the average cost for each share is:

= $35.97.

Explanation:

a) Data and Calculations:

Investments in Oakmark I Fund:

Year Investment Price Number

Amount per share of share

Feb 2008 $1,500 $40 37.50

Feb 2009 1,500 30 50

Feb 2010 1,500 34 43.60

Feb 2011 1,500 42 35.71

Total $6,000 166.81

Average cost per share = $35.97 ($6,000/166.81)

7 0

3 years ago

Which would be considered part of an employee’s salary?

shepuryov [24]

Answer:

Amount of money the employee will earn each month.

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2 years ago

Dudley Savings Bank wishes to take a position in Treasury bond futures contracts, which currently have a quote of 110 − 100. Dud

djverab [1.8K]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

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3 years ago