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3 years ago

The firm should shut down if the market price is:___________.

Business

1 answer:

Georgia [21]3 years ago

5 0

Answer: D. less than $4.50.

Explanation:

In the short run, a business should shutdown if the market price is below the Average Variable costs as because at this point, only losses are being made if the company stays in action.

If price is below the variable cost, it is best to shutdown so that the company can stop incurring the variable costs and incur the fixed cost alone. The lowest Average Variable cost is $4.50 for this good and so if the price falls below $4.50, the should shutdown.

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On January 1, 2014 the Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $30,000 and $500, respect

san4es73 [151]

Answer:

correct option is $750

Explanation:

solution

we know here that Net balance of opening accounts receivable is

Net balance of opening accounts receivable = $30000 - $500

Net balance of opening accounts receivable = $29500

and

Credit sales during the year is here $7500 0

and Cash payments received = 74550

uncollecectible account expenses = credit sales × % of sale uncollectible

so uncollecectible account expenses = $75000 × 1%

uncollecectible account expenses = $750

so correct option is $750

8 0

3 years ago

What is economic planning and its objectives plz help me

guajiro [1.7K]

Answer:

The basic objective of planning is to exercise control over the private sector of an economy. ... When the economic resources of the country are rationally arranged with a predetermined purpose, it is called economic planning. It usually refers to planning by the State.

hope it helps

5 0

3 years ago

An aging of a company's accounts receivable indicates that $8500 are estimated to be uncollectible. If Allowance for Doubtful Ac

Evgesh-ka [11]

Answer:

debit to Bad Debt Expense for $5800

Explanation:

Accounts receivable estimated as uncollectible = $8500

Allowance for Doubtful Accounts = $2700

Additional allowance for Doubtful debts required = $8500 - $2700

= $5800

The adjustment to record bad debts for the period will be

Debit Bad debt expense $5800

Credit Allowance for Doubtful Accounts $5800

The right option is debit to Bad Debt Expense for $5800

3 0

3 years ago

Fortunately, those who survive company layoffs rarely exhibit negative behaviors (such as decreased productivity or low morale).

Komok [63]

Answer:

The correct answer is letter "B": False.

Explanation:

Company layoffs not only represent a problem to the workers not working anymore for the firm but also to those who keep the job. Layoffs, in general, create uncertainty within a company because the remaining workers typically tend to believe sooner or later they will be laid off as well. Low esteem, engage with the company, and productivity is the result of this scenario.

6 0

3 years ago

As Bubba's Bubble Gum Company adds workers while using the same amount of machinery, some workers may be underutilized because t

Allisa [31]

Answer: diminishing marginal product

Explanation:

A. When a firm in the market increase its level of production it results in reduction of cost which is called economies of scale.

B. Increase in cost that resulted due to unnecessary increase in level of production is called diseconomies of scale.

C. Increasing marginal product can be defined as the increase in output resulting due to employment of one more unit of input such as labor.

D. Diminishing marginal product can be defined as the decrease in output resulting due to employment of one more unit of input such as labor.

From the above explanation we can conclude that right answer is diminishing marginal product .

4 0

3 years ago