Hariette should choose cash basis of accounting when she runs the profit and loss report. A company's reporting guidelines and practices for revenues and expenses make up its accounting method. Cash accounting and accrual accounting are the two primary accounting techniques.
Revenues and costs are recorded in cash accounting when they are received and paid. There are three different accounting methods: modified cash basis, cash basis, and accrual basis. Let's briefly review the fundamentals before we discuss which types of firms use certain accounting techniques.
If you only consider popularity, accrual accounting comes out on top since it is both the most popular and the most accurate techniques.
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The price and quantity of computers that should be produced to maximize the firm’s profits will be $360 and 80 computers.
The demand curve for College Computers is given as (Q) = 800 - 2P where, P = 400 - 0.5Q.
Therefore, the weekly total revenue will be:
= (400 - 0.5Q) × Q
= 400Q - 05Q²
Marginal revenue = 400 - Q
Weekly cost of producing computers will be:
= 1200 + 2Q²
Marginal cost = 4Q
Maximum profit will b earned when MR = MC
Therefore, 400 - Q = 4Q
Collect like terms
4Q + Q = 400
5Q = 400
Q = 400/5
Q = 80
Quantity = 80 units
Therefore, the price will be:
P = 400 - 0.5Q
P = 400 - 0.5(80)
P = 400 - 40.
P = 360
The price is $360.
The weekly total revenue will be:
TR = price × quantity.
TR = 360 × 80
TR = $28800
The total cost will be:
TC = 1200 + 2(80)²
TC = 1200 + 12800
TC = 14000
Therefore, the profit will be:
= TR - TC
= $28800 - $14000
= $14800
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Answer:
metro area in the north
Explanation:
more business and big cities like new york (just an example)
The representation of the cash flow from firm to household would be the folowing:
- The $225 per week Jake earns working for Little Havana
- The mojito Latasha receives
- Latasha's labor
<h3>What is meant by flow?</h3>
This is the term that is used to refer to the way that income gets to the household. We know that the people of the household are thiose that would go to use their skills in order to do work so that they can earn income for the labor they give out.
Hence we can say that The representation of the cash flow from firm to household would be the following:
- The $225 per week Jake earns working for Little Havana
- The mojito Latasha receives
- Latasha's labor
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Answer: Finance
Explanation:
Since the The Board of Directors has approved this move, it will become the responsibility of the finance department to secure the necessary funding for the expansion.
Finance Department is the department in an organization which is charged with the responsibility for fund acquisition, and fund management within the organization and also in charge of planning for expenditure of funds.
