The most important to close project is clean up
The answer is marginal revenue (MR) curve above $22.
Explanation:
Jim and Lisa Groomers will maximize its accounting profit when taking it to 0 its economic profits when marginal revenue = marginal costs.
Economic profits are not the same as accounting profits because they include the opportunity costs of investing the money somewhere else. That is whythe long run firm is not able to make economic profits since as they exist, new competitors will enter the market. But in the case of the shoert run, the firms are able to make economic profit, but by doing so, they cannot maximize their accounting profit.
Economic profit = account profit = Opportunity profit
Opportunity cost are extra costs or benefitslost from choosing one activity or investment over another one.
Answer:
The correct answer is D) gatefold.
Explanation:
In gatefold advertising it refers to that information that is displayed on more than one sheet and that needs to be fully opened in order to see the message. Generally this type of advertising is shown in physical media such as magazines and newspapers, being the first most common. This strategy allows captivating the attention of the reader to make him think exclusively about what is being promoted, since there is no different distractor.
Answer:
Explanation:
The journal entry is shown below:
Warranty expense A/c Dr $25,500
To Estimated warranty liability $25,500
(Being the estimated warranty provision is recorded)
The computation is shown below:
= Merchandise sale value × given percentage
= $850,000 × 3%
= $25,500
Simply we debited the warranty expense and credited the estimated warranty liability so that the correct posting can be done.
The contribution margin approach helps managers in short-tern decision making because it reports costs and revenues at their current value.
The contribution margin ratio/approach allows companies to determine their profits they can make from a product minus variable costs.
