Economics-- multiple choice!

Dimitri has several apple trees in his yard, and apples are a perfectly competitive market with a price of $2 per pound. if dimi

Alinara [238K]

The total revenue and the marginal revenue when he sells the 100th pound of apples is
total revenue is $200 (100 * 2) and marginal revenue is $2 (the price of the apple per pound in the market)

So the answer is the total revenue of Dimitri is $200 while the marginal revenue is $2.

4 0

3 years ago

National income accountants can avoid multiple counting by1. only counting intermediate goods. 2. only counting final goods.3. i

lubasha [3.4K]

Answer:

2. Only counting final goods

Explanation:

When defining national income accounting and terminolgies, emphasis is always laid on "...total value of FINAL goods...". This is as a result of avoiding double counting. If intermediate goods were counted alongside final goods, it would be double counting because intermediate goods are used in producing those final goods. Final goods are good meant for final consumption. The other method used in avoiding double counting ( counting of the value of the same product more than once) apart from counting final gooda is Value added approach.

4 0

3 years ago

A corporation issued $600,000, 10%, 5-year bonds on January 1, 2017 for $648,666, which reflects an effective-interest rate of 7

VashaNatasha [74]

Answer:

correct option is a. $617,911

Explanation:

given data

issued = $600,000

rate = 10 %

time 5 year

amount = $648,666

effective-interest rate = 7%

solution

we get here carrying value so first we get here Interest paid per semiannual period that is

Interest paid per semiannual period = $600000 ×10% × $\frac{6}{12}$

Interest paid per semiannual period = $30000

and

Interest expense on 30 June = $648666 × 7% × $\frac{6}{12}$

Interest expense on 30 June = $22703

and

Interest expense on 30 December = $641369 × 7% × $\frac{6}{12}$

Interest expense on 30 December = $22448

so

Interest expense on 30 June = ($641369 - $7552) × 7% × $\frac{6}{12}$

Interest expense on 30 June = $22184

and

Interest expense on 30 December = ($633817 - $7816) × 7% × $\frac{6}{12}$

Interest expense on 30 December = $21910

so as that we get Carrying value of 1st January that is

Carrying value of January 1 = $633817 - $7816-8090

Carrying value of January 1 = 617911

so correct option is a. $617,911

7 0

3 years ago

An investment firm provides its customers mobile applications that significantly simplify traditional investing activities. For

Lunna [17]

The Differentiation strategy is used by the investment firm in standing out in the industry.

<h3>What is Michael Porter strategy? </h3>

A strategy is defined by Porter as a competitive position that is deliberately chosen as a different set of activities to deliver a unique mix of value.

The Generic Strategies model of Michael Porter includes:

Cost Leadership
Differentiation
Focus.

These strategy are important because they provide an options for organizations to gain competitive advantage.

In conclusion, the Differentiation strategy is used by the investment firm in standing out in the industry.

Read more about Porter strategy

<em>brainly.com/question/24843525</em>

5 0

2 years ago

Last year, 7,980 units were produced and 7,680 units were sold. There was no beginning inventory. The carrying value on the bala

ElenaW [278]

Complete Question:

The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production $ 35 Selling and administrative $ 14 Fixed costs per year: Production $ 175,560 Selling and administrative $ 140,450 Last year, 7,980 units were produced and 7,680 units were sold. There was no beginning inventory. The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be:

Multiple Choice

$6,600 less than under absorption costing.

$7,680 less than under absorption costing.

the same as absorption costing.

$7,680 greater than under absorption costing.

Answer:

The Southern Corporation

The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be:

$6,600 less than under absorption costing.

Explanation:

a) Data and Calculations:

Variable costs per unit:

Production $ 35

Selling and administrative $ 14

Fixed costs per year:

Production $ 175,560

Selling and administrative $ 140,450

Production units last year = 7,980 units

Sales units last year = 7,680 units

Ending inventory = 300 (7,980 - 7,680) units

Value of Ending inventory:

1. Variable Costing:

Production $ 35 * 300 = $10,500

2. Absorption Costing:

Variable Production $ 35 * 7,980 = $279,300

Fixed Production overhead $ 175,560

Total production costs = $454,860

Units produced = 7,980

Unit cost = $57

Ending inventory = $17,100 ($57 * 300)

Difference = $6,600 ($17,100 - $10,500)

4 0

3 years ago