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ale4655 [162]
2 years ago
10

The gosports company is a profit-maximizing firm with a monopoly in the production of school team pennants. the firm sells its p

ennants for $10 each. we can conclude that gosports is producing a level of output at which: average total cost is greater than $10. average total cost equals $10. marginal revenue equals $10. marginal cost equals marginal revenue.
Business
1 answer:
Elena L [17]2 years ago
7 0

Answer:

Marginal cost equals marginal revenue.

Explanation:

Profit maximization states that firms must operate at a level of output where marginal costs = marginal revenue.

If the firm produces less that that, they will not be making the maximum profit because they could still produce more and make more money.

If the produces more, they will be losing money because cost will be higher than revenue.

The spot on a graph where marginal costs equal marginal revenue is the "sweet spot" where profits are maximized.

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Generally, an income amount that relates to a future period and therefore can be set aside and included in income for that perio
Ket [755]
The term that is referred by the description above is RESERVES. The reserve is the amount that is being kept for future periods. This amount is separated to the current period's income, but is part of the next period if this is applicable. The answer is D.
6 0
3 years ago
Exercise 5-10 Lower of cost or market LO P2 Martinez Company's ending inventory includes the following items. Product Units Cost
zysi [14]

Answer:

Martinez Company

Ending inventory is:

= $8,806.

Explanation:

a) Data and Calculations:

Product       Units   Cost per Unit   Market per Unit

Helmets       27             $ 55                   $ 59

Bats             20                 83                      77

Shoes           41               100                      96

Uniforms     45                 41                       41

Lower of cost or market value Valuation:

Product       Units   Cost per Unit   Market per Unit     LCM

Helmets       27             $ 55                   $ 59               $1,485

Bats             20                 83                      77                1,540

Shoes           41               100                      96               3,936

Uniforms     45                 41                       41                1,845

Total cost of ending inventory                                    $8,806

4 0
2 years ago
Last thing before i gtg I FINALLY GOT A MAN IN 3 DAYS
frutty [35]
Congrats for getting a man !
4 0
2 years ago
an unmarried taxpayer, has wages of $45,000. He has a significant amount of income from dividends and interest and therefore exp
Olin [163]

Answer: $8500

Explanation:

Since the total amount of estimated tax liability for 2018 is $18000 and the tax withholding is $9500$, then the balance tax payable for 2018 will be:

= $18000 - $9500

= $8500

Therefore, the minimum amount of total estimated tax that Randy must pay in 2018 in order to avoid a penalty for underpayment of estimated taxes will be $8500

8 0
2 years ago
Suppose a piece of equipment cost $35,000 and has accumulated depreciation of $10,000. It is sold for $15,000 cash. What is the
Elodia [21]

The amount of the journal entry are as follows:-

Cash                                           $15000

Accumulated Depreciation         $10000

Equipment cost                         $35000

Loss on sale                               $10000

<h3>What is Depreciation?</h3>

An asset loses value over time as a result of use, damage, or obsolescence. Depreciation is the measurement for this decline.

The complete solution is attached below.

Depreciation, or a decline in asset value, can be brought on by a variety of other variables, such as bad market conditions, etc.

Thus the journal entry credit amount is Equipment cost $35000 and Debit amount of the journal entry are Cash $15000 Accumulated Depreciation $10000 and Loss on sale $10000.

Learn more about Depreciation here:

brainly.com/question/15085933

#SPJ1

3 0
1 year ago
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