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2 years ago

A purely competitive firm should produce in the short run if its total revenue is sufficient to cover its:

Business

1 answer:

Leokris [45]2 years ago

8 0

Answer:

D. total variable costs

Explanation:

A purely competitive firm should produce in the short run if its total revenue is sufficient to cover its total variable costs.

In short run, fixed cost had to be incurred even if it shuts down. So it should operate as long as price is greater than average variable cost.

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A company sells DVD players for $200 per unit. The players have a unit variable cost of $160. The company estimates that it will

Archy [21]

Answer:

Break-even point= 1,200 DVDs

Explanation:

First, we need to calculate the sales proportion:

DVD= 4/5= 0.8

Home entertainment= 1/5= 0.2

Now, we need to calculate the break-even point for the whole company:

Break-even point (units)= Total fixed costs / Weighted average contribution margin

Weighted average contribution margin= (weighted average selling price - weighted average unitary variable cost)

Weighted average contribution margin= (200*0.8 + 600*0.2) - (160*0.8 + 460*0.2)

Weighted average contribution margin= 60

Break-even point (units)= 90,000/60= 1,500

Finally, the number of DVDs:

DVD= 1,500*0.8= 1,200 DVDs

5 0

3 years ago

Short notes on Co-Work skill?

sammy [17]

Answer:

Coworking is an arrangement in which workers of different companies share an office space, allowing cost savings and convenience through the use of common infrastructures, such as equipment, utilities, and receptionist and custodial services, and in some cases refreshments and parcel acceptance services.

6 0

2 years ago

The measure that captures the use of a fixed asset in serving customers relative to the asset's capacity is known as the _______

Gelneren [198K]

Answer:

Utilization.

Explanation:

The measure that captures the use of a fixed asset in serving customers relative to the asset's capacity is known as the utilization rate.

This ultimately implies that, a utilization rate measures or estimates the level of output a fixed asset produces relative or in comparison with it's capacity.

Generally, the utilization rate is usually measured in proportions and displayed in percentages so as to gather information about organizational cost structure and operational efficiency.

6 0

3 years ago

Tanner, Inc. incurred a financial and taxable loss for 2018. Tanner therefore decided to use the carryback provisions as it had

inessss [21]

Answer:

The refund claimed should be shown as a benefit due to loss carryback in 2018.

Explanation:

Since Tanner, Inc. incurred a financial and taxable loss for 2018. and decided to use the carryback provisions as it had been profitable up to this year, the amounts related to the carryback should be reported in the 2018 financial statements as a benefit due.

Tax loss carryback is when a corporation retrospectively adjusts its tax returns for prior periods if it incurs a net operating loss (NOL) in current period.

The loss carryback generates a tax refund for the business because it reduces previous year tax liability. After the carried back loss is applied, it will be as though the business overpaid taxes the previous year; which will now be shown as a benefit in the current year

4 0

2 years ago

Select which of the ways that entrepreneurs improve the economy is being described:

Ugo [173]

Answer:

Select which of the ways that entrepreneurs improve the economy is being described: As a family's basic needs are met, jobs are given to the people who help provide these needs.

new business

Explanation:

Entrepreneur improves the economy by starting a new business, they are employer of labor and improves the economy

7 0

2 years ago