Answer:
$4000
Explanation:
The cost of goods sold is also referred to as the cost of sales.
COGS=Beginning Inventory+net Purchases −Ending Inventory
Cost of good issued: $ 3500
Net purchases: $ 2000
End of year Inventory: $1500
COGS=$3500+$2000-$1500
=$5500-$1500
=$4000
Answer:
25%
Explanation:
The formula to compute the equity in the long margin account is
long market value - debt = equity
Also we know that the account will be at maintenance if the equity is 25% of the long market value
Here 25% represents the equity so 75% would be debit
And, the drop in the market value is of
= $90,000 ÷ 0.75
= $120,000
So at this point, the equity is $30,000
Now the margin percentage is
= $30,000 ÷ $120,000
= 25%
Answer: Option (A) is correct.
Explanation:
Correct Option: A.supply whatever amount consumers demand at a price determined by the minimum point on the typical firm's average total cost curve.
In the long run, equilibrium price of a perfectly competitive firm implies that there is no economic profit for the firm. This situation occur when the marginal cost is equal to the average total cost.
The firm is break even when the price is equal to the minimum point of average total cost of the firm. So, there is no possibility of economic profit for the firm.
Answer:
Break-even price = $7
Explanation:
<em>The break-even price is the price at which the the total contribution from the sale is equal to the fixed cost of $300,000.</em>
(x- 4)× 100,000 = 300,000
100,000X - 400,000 = 300,000
100,000X = 300,000 + 400,000
x= 700,000/100,000
X = $7
Break-even price = $7
Answer;
-Public goods
Clean air is an example of public goods, which no one can be excluded from and benefits all citizens.
Explanation;
A public good is a product that one individual can consume without reducing its availability to another individual, and from which no one is excluded. These goods are both non-excludable and non-rivalrous in that individuals cannot be effectively excluded from use and where use by one individual does not reduce availability to others.
-Public goods (and services) include economic statistics and other information, law enforcement, national defense, parks, defense, public fireworks, lighthouses, clean air and other environmental goods among other things for the use and benefit of all.