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3 years ago

1. For a firm in a perfectly competitive market, the price of the good is always

Business

1 answer:

andreyandreev [35.5K]3 years ago

4 0

Answer:

A). equal to marginal revenue.

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.

In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.

Price = marginal revenue = average revenue

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Managers involved in negotiation should:

Anni [7]

Answer:

b. Verify whether there is only a fixed set of alternatives.

Explanation:

Exercising premature judgement might lead to a dangerous outcome. The manager ought to be patient and explore all possible solutions.

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3 years ago

1. What is the Law of Demand?

Ivanshal [37]

ok ok poko kdwkdwExplanation:

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3 years ago

Exhibit 15.1 Zorn Corporation is deciding whether to pursue a restricted or relaxed working capital investment policy. The firm'

FrozenT [24]

Answer:

difference between ROEs = 10.83% (restricted) - 9% (relaxed) = 1.83%

Explanation:

total annual sales = $4,400,000

EBIT = $150,000

net income = $150,000 x (1 - 40%) = $90,000

restricted policy:

asset turnover = 2.5

sales = $3,740,000

EBIT = $135,000

net income = $81,000

assets = $3,740,000 / 2.5 = $1,496,000

equity = $1,496,000 x 50% = $748,000

ROE = $81,000 / $748,000 = 10.83%

relaxed policy:

asset turnover = 2.2

sales = $4,400,000

EBIT = $150,000

net income = $90,000

assets = $4,400,000 / 2.2 = $2,000,000

equity = $2,000,000 x 50% = $1,000,000

ROE = $90,000 / $1,000,000 = 9%

difference between ROEs = 10.83% - 9% = 1.83%

4 0

3 years ago

It has been speculated that the ussr expansion into central asia and southward was most likely to… select one:

earnstyle [38]

Answer:

I believe it is C.

Explanation:

Hope my answer has helped you!

7 0

4 years ago

The following selected information was extracted from the 20x1 accounting records of Lone Oak Products:

Alex777 [14]

Answer:

a. $513,000

b. $913,200

c. $926,400

d. $344,100

e. 11,340 units

Explanation:

a. manufacturing overhead for the year.

Manufacturing Overhead = indirect manufacturing costs

therefore,

Manufacturing Overhead = $109,000 (Indirect labor) + $80,000 x 75 % (Building depreciation) + $344,000 (Other factory costs)

= $513,000

b. cost of goods manufactured.

Cost of Goods Manufactured = Beginning Work In Process + Manufacturing Costs for the Period - Ending Work In Process

= $35,700 + ($15,800 + $175,000 - $18,200) + $254,000 + $513,000 - $62,100

= $913,200

c. cost of goods sold.

Cost of Goods Sold = Beginning Finished Goods + Cost of Goods Manufactured - Ending Finished Goods

= $111,100 + $913,200 - $97,900

= $926,400

d. net income for 20x1, assuming a 30% income tax rate.

Net Income = Gross Profit (Sales - Cost of Goods Sold) - Expenses

= $1,495,000 - $133,000 - $195,000 - ($80,000 x 25%)

= $1,147,000

Income tax = 1,147,000 x 30%

= $344,100

therefore,

Net Income = $1,147,000 - $344,100 = $802,900

e. number of completed units manufactured during the year.

First Calculate Number of Units Sold

Number of Units Sold = 1,495,000 ÷ $130 = 11,500 units

Units manufactured = Units Sold + Ending Finished Inventory - Beginning Finished Inventory

= 11,500 + 1,190 - 1,350

= 11,340 units

6 0

3 years ago