1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lyudmila [28]
3 years ago
9

You have recently been hired to advise the owners of Kenfield Insect Ltd. (KIL), which operates in a perfectly competitive indus

try. KIL is currently producing at a point where market price equals its marginal cost; KIL's total revenue is less than its total cost but exceeds its total variable cost. What advice should you provide KIL's owners?a. Shut down immediately because it is incurring a loss.b. Reduce prices in order to sell more units of output.c. Raise its price until it breaks even and then begins making profit.d. Continue production in the short run to minimize losses, but exit the industry in the long run.
Business
1 answer:
riadik2000 [5.3K]3 years ago
7 0

Answer: We'll advise KIL's owner to <u><em>continue production in the short run to minimize losses, but exit the industry in the long run.</em></u>

Explanation: Here in this case the revenue generated is able to cover the total variable cost incurred by the organization, therefore the organization should continue to produce in the short run but exit the market in the long run.

<u><em>Therefore, the correct option in this case is (d)</em></u>

You might be interested in
An activity-based costing system is developed in four steps: a. Compute the predetermined overhead allocation rate for each acti
Andru [333]
<h3>Hello there!</h3>

Your question asks what order does a activity-based costing system work by.

<h3>Answer: b, c, a, d</h3>

The order:

1. b). Identify activities and estimate their total indirect costs.

2. c). Identify the allocation base for each activity and estimate the total quantity of each allocation base.

3. a). Compute the predetermined overhead allocation rate for each activity.

4. d). Allocate indirect costs to the cost object.

The reason why the answer choice "b, c, a, d" is the correct answer because that's the correct order for the activity-based costing system.

The activity-based costing system first identifies the activities that are going on and find the indirect cost, then identifies the allocation base for the activities that are occurring to find the quantity of the allocation base, then solve the pre-determined rate of allocation for each activity, and finally get the indirect cost for the object.

<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3>
8 0
3 years ago
A ________ policy is one in which sheriff's offices require that recruits first work in the jail before they can become eligible
Fed [463]

Answer: COMAR

                                                     

Explanation: It refers to the code of Maryland regulations as set by he police department of Maryland. It states that the police officers must work in a jail before going on patrolling duties.

These standards requires the officers to have some experience as patrolling could be dangerous for someone without any exposure to the criminal dangers.

6 0
4 years ago
_____means tailoring products to meet the needs of a large number of individual customers
Akimi4 [234]

Interfirm means tailoring products to meet the needs of a large number of individual customers.

Interfirm means that numerous companies will work together via the internet and via the use of other state-of-the-art era to provide services and products that customers want and want. The interfirm process recognizes that cutting-edge a success companies must operate in dynamic environments.

Inter-company networks are “a pick out, continual, and dependent set of self-reliant corporations (in addition to nonprofit corporations) engaged in growing products or services primarily based on implicit and open-ended contracts to adapt to environmental contingencies and to coordinate and shield exchanges.

Inter-firm relationships may be tested from a character or structures perspective. A man or woman attitude makes a specialty of the one-to-one courting between two firms. This is probably beneficial while reading the relationships of a pivotal company, along with a rustic's leading exporter or sole processing plant.

Learn more about the corporations here: brainly.com/question/24448358

#SPJ4

8 0
2 years ago
When the selling division in an internal transfer has unsatisfied demand from outside customers for the product that is being tr
Kruka [31]

Answer: c. the market price charged to outside customers

Explanation:

When a division is able to sell its products to customers outside the company for a certain price but instead has to transfer these to another division in the company, the minimum transfer price will have to be the selling price to the customers outside so that the division would not make losses.

The division that this good is transferred to will then reflect the cost of acquiring the goods as that selling price. This cost will be accounted for when the new division wants to sell their own goods that way this cost will be recuperated on a company level.

6 0
3 years ago
Which of the following would not be a current asset? Certificates of deposit that mature in six months Cash Customer receivables
zavuch27 [327]

Answer:

Supplier bills payable in 30 days

Explanation:

This is current assets

- Certificates of deposit that mature in six months

- Cash

- Customer receivables

The Supplier bills payable in 30 days is a current liability

7 0
4 years ago
Other questions:
  • DEF Corporation had two issues of ordinary preferred stock with a $100 par value traded on the NYSE. One issue paid $5.56 annual
    13·1 answer
  • If a firm's projects differ in risk, then one way of handling this problem is to evaluate each project with the appropriate risk
    15·1 answer
  • Wait unemployment and search unemployment are both types of:
    7·1 answer
  • When the price of hamburgers increased from $1.50 to $2.75, the quantity demanded decreased from 375 units sold to 250 units sol
    12·1 answer
  • Assume that a $1,000,000 par value, semiannual coupon US Treasury note with five years to maturity has a coupon rate of 3%. The
    14·1 answer
  • Eric is admitted to a hospital to undergo a surgery for hernia. he is unable to discern the expertise of his surgeon before the
    14·2 answers
  • Assume the economy has a 12 percent chance of booming, a 4 percent chance of being recessionary, and being normal the remainder
    12·1 answer
  • Signal mistakenly produced 1,000 defective cell phones. The phones cost $60 each to produce. A salvage company will buy the defe
    6·1 answer
  • PLEASE HELP!!! I NEED HELP WITH THE WHOLE TEST SOMEONE PLS HELP
    8·1 answer
  • In a pool bout, fencer x has received a yellow card for non-conforming equipment and is losing 3-2. fencer y attacks and scores
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!