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zvonat [6]
3 years ago
9

A profit-maximizing monopolist charges a price of $12. The intersection of the marginal revenue and marginal cost curves occurs

where output is 10 units and marginal cost is $6. Average total cost for 10 units of output is $5. What is the monopolist's profit
Business
1 answer:
AVprozaik [17]3 years ago
3 0
It’s 70$ because I know
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Varmit-B-Gone is a pest control service that operates in a suburban neighborhood. The company attempts to make service calls at
lubasha [3.4K]

Answer:

VARMIT B-GONE

BUDGETED INCOME STATEMENT

sales revenue ( 90%*1500*2.4*80%*$80)              $207,360

Service cost :

variable cost                                          $17280

Maintenance and repair                        15,998

Depreciation                                           <u> 42,000</u>      <u>  75,278</u>

Gross profit                                                                 132,082

marketing and administrative cost :

Marketing (variable )                               10,440

administrative (fixed)(55,000*105%)       57,750                      

bad debt( 2%*207360)                          <u>   4,147    </u>      <u>  72,337</u>

net income                                                                   <u>  59,745</u>

Explanation:

service cost :

variable cost =  (24,000/3600)*2592 =  $17,280

maintenance and repairs = (22,000/3600)*2592 *101% =  $15,998

Marketing cost  = ($14,500/3600)*2592 =  $10,440

7 0
2 years ago
Which of the following best illustrates the relationship between entities and​ attributes? A. The entity PRODUCT with the attrib
iris [78.8K]

Answer:

B) The entity CUSTOMER with the attribute PURCHASE

Explanation:

The entity is an existing real world object or person, while an attribute is a feature or characteristic of the entity.

In a relational data model (RDBMS), entities are represented as data in an entity set (customer) while the field represents the different attributes or properties of the entity.

5 0
3 years ago
Read 2 more answers
Paul Hyatt owns and operates DeepClean, a Florida-based company that cleans up mold and mildew in homes and businesses. As the s
aivan3 [116]

Answer:

Paul Hyatt is fully liable for all business debts

Explanation:

Unlimited liability in this scenario, means that Paul Hyatt is fully liable for all business debts. That is because unlimited liability is defined as the full legal responsibility that business owners and partners assume for all business debts, and since Paul Hyatt is a sole proprietor which means that he both owns and runs DeepCleans and there is no legal distinction between him and the business entity, then he is fully liable for debts and profits of DeepClean.

6 0
3 years ago
Explain what unearned revenues are by selecting the statements below which are correct. (Check all that apply.) Multiple select
olga nikolaevna [1]

Answer:

They are reported on a balance sheet.

They refer to cash received in advance of performing a service or product. They are a liability.

They are also called deferred revenues.

Explanation:

Unearned revenue is a term in which the transactions that are related to the receiving of money could be considered for the service or product to be provided or delivered. It is as a prepayment

Also it is a liability account that should be recorded at the balance sheet. It is also known as deferred revenues

8 0
3 years ago
Indicate whether it would appear on the statement of cash flows as a(n): operating activity, investing activity, or financing ac
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Answer:

a. Cash receipts from customers.

Statement of cash flows: Operating activity

b. Issuance of common stock for cash

Statement of cash flows: Financing activity

c. Payment of cash dividends

Statement of cash flows: Financing activity

d. Cash purchase of equipment

Statement of cash flows: Investing Activities

e. Cash payments to suppliers

Statement of cash flows: Operating activities

f. Sale of old machine for cash

Statement of cash flows: Investing Activities

4 0
2 years ago
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