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Alex_Xolod [135]
2 years ago
8

A purely competitive firm finds that the market price for its product is $30.00. it has a fixed cost of $100.00 and a variable c

ost of $15.00 per unit for the first 50 units and then $35.00 per unit for all successive units. instructions: round your answers to 2 decimal places.
a. does price equal or exceed average variable cost for the first 50 units? . what is the average variable cost for the first 50 units? $ .
b. does price equal or exceed average variable cost for the first 100 units? . what is the average variable cost for the first 100 units? $ .
c. what is the marginal cost per unit for the first 50 units? $ per unit. what is the marginal cost for units 51 and higher? $ per unit.
d. for each of the first 50 units, does mr exceed mc? . what about for units 51 and higher? .
e. what output level will yield the largest possible profit for this purely competitive firm? units.
Business
1 answer:
mr Goodwill [35]2 years ago
8 0

thats a big question mister. Look it up on brainly or something

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2 years ago
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Big Chill, Inc. sells portable dehumidifier units at the current price of $184. Unit variable costs are $85. Fixed costs, made u
Likurg_2 [28]

Answer:

$6,014,384

Explanation:

Break even point is the level at which a firm makes neither profit nor a loss. This is the point where Profit = $0.

Break even units = Fixed Costs ÷ Contribution per unit

therefore,

Break even units = $3,236,000 ÷ ($184 x  $85)

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thus,

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3 0
2 years ago
At year-end (December 31), Chan Company estimates its bad debts as 0.30% of its annual credit sales of $673,000. Chan records it
Rudiy27

Answer:

bad debt expense   2,019 debit

       allowance for uncollectible amount  2,019 credit

--to record estimated bad debt expense--

allowance for uncollectible amount 337 debit

                    accounts receivables               337 credit

--to record write-off of P.Park  Account--

accounts receivables               337 debit

       allowance for uncollectible amount 337 credit

--to reverse write-off of P-Park account--

cash                                         337 debit

       accounts receivables               337 credit

--to record collection of P-Park account--

Explanation:

<em>bad debt expense</em> 673,000 x 0.30% = <em>2,019‬</em>

<em />

The write off decreases both, the allowance and accounts receivables

As Park pay up his old debt, the entry is reversed. Then we record the collection as normal.

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The owners of Old School Brand Authentic Antique Foods researched Civil War records to come up with recipes used for the old-fas
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Answer:

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Credit Cash Account $89,023

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Note: This treatment is in accordance with ASC 842 and not IFRS 16, which has withdrawn the concepts of operating and finance (capital) leases.  The treatment under IFRS 16 is quite different.

Explanation:

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1. Does a contract exists; and

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1. Recognize transaction price (determined under ASC 606) when buyer-lessor obtains control, adjusted for any off-market terms

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3. Recognize gain or loss in full, subject to any off-market terms

4. Account for the (operating) lease in accordance with ASC 840.

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