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3 years ago

When the LRAC curve has a clear minimum point, then

Business

2 answers:

Wewaii [24]3 years ago

6 0

Answer:

The correct answer is option (a) any firm producing a different quantity will have higher costs .

Explanation:

LRAC curve means long-run average cost

The LRAC curve is a u-shape curve that shows the lowest cost of production per unit based on it's output level with variable factors of production.

A firm uses the LRAC curve to determined the lowest cost of producing one unit of a particular goods. If the firm chooses to produce more quantity of goods, the cost will be higher.

The minimum point on the curve shows the lowest cost of production per unit.

ladessa [460]3 years ago

4 0

Answer:

The correct answer is a. any firm producing a different quantity will have higher costs .

Explanation:

The LRAC curve determines the relationship between everything assumed by production in order to produce a certain quantity of goods. In this case, when a minimum point is presented, every producing entity will have an increase in costs, because this situation determines an inverse relationship between the two variables studied. in case the fund is flat, it is understood that the company is capable of competing in the market.

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What is a third party check? (bank type of check)

Scrat [10]

Third-party check. check negotiated through a bank, except one payable to the writer of the check, that is, a check written for cash. The primary party to a transaction is the bank on which a check is drawn. The secondary party is the drawer of the check against funds on deposit in the bank.

5 0

3 years ago

Read 2 more answers

Lindon Company is the exclusive distributor for an automotive product that sells for $34.00 per unit and has a CM ratio of 30%.

Assoli18 [71]

Answer:

1. $23.80

2. Break even Point (units) = 19,000 units and Break even Point (dollars) = $646,000

3. Unit sales to attain a target profit = 28,000 units and Dollar sales to attain a target profit = $952,000

4. Break even Point (units) = 28,500 units, Break even Point (dollars) = $969,000 and Dollar sales to attain a target profit = $1,428,000.

Explanation:

Variable Cost % = 100% - 30%

= 70%

Thus, variable expenses per unit = $34.00 × 70%

= $23.80

Break even Point is the level of activity where a firm makes neither a profit nor a loss.

Break even Point (units) = Fixed Cost / Contribution per unit

= $193,800 / ($34.00 ×30%)

= $193,800 / $10.20

= 19,000 units

Break even Point (dollars) = Fixed Cost / CM Ratio

= $193,800 / 0.30

= $646,000

Unit sales to attain a target profit = (Fixed Cost + Target Profit) / Contribution per unit

= ($193,800 + $91,800) / $10.20

= 28,000

Dollar sales to attain a target profit = (Fixed Cost + Target Profit) / CM Ratio

= ($193,800 + $91,800) / 0.30

= $952,000

When variable expenses reduce by $3.40 per unit.

Break even Point (units) = Fixed Cost / Contribution per unit

= $193,800 / ($34.00 - $23.80 - $3.40 )

= $193,800 / $6.80

= 28,500 units

Break even Point (dollars) = Fixed Cost / CM Ratio

= $193,800 / ($6.80/ $34.00)

= $969,000

Dollar sales to attain a target profit = (Fixed Cost + Target Profit) / CM Ratio

= ($193,800 + $91,800) / 0.20

= $1,428,000

6 0

3 years ago

The hallmarks of a high-performance corporate culture include

stira [4]

Answer:

The correct answer is D. a "can-do" spirit, pride in doing things right, no-excuses accountability, and a pervasive results-oriented work climate where people go the extra mile to meet or beat stretch objectives.

Explanation:

A true high performance organizational culture is the basis of innovation. Culture inspires people to go beyond their tasks, to take risks, to experiment and to make good decisions even when there is no one to control them.

Next, we tell you what are the 2 main characteristics of a high performance organizational culture:

Each culture is unique. Some organizations have a strong personality; a powerful essence derived from a deep heritage. Others, such as Netflix or Google, have created their own hallmark. The combination of values, character, and beliefs generate deep empathy among employees, making their work more meaningful and rewarding.
Even so, they all encourage a set of similar behaviors; Although there are different corporate “personalities”, all these promote similar behavior patterns. The people within these organizations are passionate about success; They are oriented to continue growing, focus on their customers and their competition, rather than internal policies. They think as owners and have a tendency to act in different situations. They build work teams encouraging collaboration and always open to change, essential characteristics for innovation.

Developing and maintaining this type of culture is a challenge, but it is possible; Leadership is key in this regard. A cultural change cannot be made without the leaders themselves adopting the behavior and values they wish to generate in the new culture. The most effective way to transmit it, is that they constantly have direct contact with the team, especially with key people who believe in culture and have an important weight within the organization, since they will be responsible for transmitting it to others. They are not afraid of the need to make changes to support the new culture, and constantly check that performance continues to remain high, as the culture progresses and evolves.

3 0

3 years ago

The adjusted trial balance of Windsor Company shows the following data pertaining to sales at the end of its fiscal year, Octobe

slamgirl [31]

A) Prepare the revenues section of the income statement.

Sales Revenue = $743,800

Sales Discounts = ($11,170)

Sales Returns and Allowances = <u>($22,820)</u>

Net Sales = $709,810

B) Prepare separate closing entries for (1) sales and (2) the contra accounts to sales.

(1) Dr. Cr.

Revenue Expense $743,800

Income Summary $743,800

(2) Dr. Cr.

Income Summary $33,990

Sales Discounts $11,170

Sales Returns and Allowances $22,820

6 0

4 years ago

CAM charges for retail leases in a shopping mall must be calculated. The retail mall consists of a total area of 2.8 million squ

AfilCa [17]

Answer:

$3.08 per square foot

Explanation:

Calculation for how much will in-line tenants have to pay per square foot

First step is to find the common area

Common area = 2,800,000−800,000−1,300,000 Common area= 700,000

Second step is to find Common area operating costs

Common area operating costs = 700,000×8

Common area operating costs= $5.6 million

Third step is to find the Operating costs charged to in-line tenants

Operating costs charged to in-line tenants = 5,600,000−800,000×2

Operating costs charged to in-line tenants = 4,000,000

Last step is to calculate the In-line CAM charges using this formula

In-line CAM charges=Operating costs charged to in-line tenants -In-line tenants square feet

Let plug in the formula

In-line CAM charges = 4,000,000 ÷ 1,300,000

In-line CAM charges= $3.08

Therefore the amount that in-line tenants have to pay per square foot will be $3.08 per square foot.

8 0

3 years ago