1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
PolarNik [594]
2 years ago
8

If the market price is $60, a firm's minimum average total cost is $70, and minimum average variable cost is $50, what should th

e firm do in this perfectly competitive market
Business
1 answer:
svet-max [94.6K]2 years ago
3 0

Answer:

it shouldn't violate historic cost principal because it is not going to shut down it's business so therefore it should value the assets on the market price not on the cost of purchase price

Explanation:

above is the explanation,you should think of the answers and so doing your hw from this app.

You might be interested in
If the economy is initially at long-run equilibrium and aggregate demand declines, then in the long run the price level
torisob [31]

Answer:

(D) is the same and output is lower than in the original long-run equilibrium.

Explanation:

In the long term the prices are flexible. They adapt to the new situation of a decrease in the demand. This is consistent with with a lower output, consecuences of the decreasing in the demand.

7 0
2 years ago
Purchased goods for $4,100 from Diamond Inc. with terms 2/10, n/30. 5 Returned goods costing $1,100 to Diamond Inc. for credit o
bazaltina [42]

Answer: $3,940

Explanation:

Purchase from Diamond

The company received a discount of 2% because they paid within 10 days as per the terms of the sale.

Cost of inventory from Diamond:

= (Cost of goods - Returns) * (1 - 2%)

= (4,100 - 1,100) * 98%

= $2,940

Purchase from Club

Discount period expired so the full $1,000 is paid.

Total inventory cost:

= 2,940 + 1,000

= $3,940

4 0
2 years ago
Adirondack Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory overhead ra
pantera1 [17]

Adirondack Marketing Inc.'s Factory Overhead per unit of Product A is <em>d. </em><em>$222.09</em><em> per unit.</em>

Data and Calculations:

Overhead             Total       Direct Labor Hours  DLH per Product

                                                                              A                 B

Painting Dept.      $251,700     10,200                 9                 5

Finishing Dept.         61,700      11,900                 5                 6

Totals                   $313,400     22,100                14                 11

The overhead rate for a unit of Product A in the <u>Painting Department</u> = Total overhead in the Painting Department divided by Direct Labor Hours, multiplied by <em>direct labor hours per unit</em> of Product A.

= $222.09 ($251,700/10,200 x 9)

Thus, for a unit of Product A, the overhead rate in the <u>Painting Department</u> is $222.09.

Learn more about overhead allocation at brainly.com/question/14095583

5 0
2 years ago
Salespeople at Janie's Cookie Company want to draw the attention of their customers through blogs, Twitter, and LinkedIn, rather
Serga [27]

Answer:

D. Inbound Marketing

Explanation:

When a company uses blogs and social media, to draw the customers through content. And this is called Inbound Marketing, a passive, subtle and digital way to market.

7 0
2 years ago
The legal authority of a salesperson normally is:
Dvinal [7]

Answer:

to solicit orders and get ratification and acceptance from his or her employer.

Explanation:

Legal authority is defined as the a provision of the law that carries the force of the law including statutes, rules, regulations, and court rulings.

So the legal authority of a person in a particular capacity is what he is legally allowed to do in a given transaction.

In this instance we are considering a salesperson. The legal authority of a salesperson is to solicit orders and get ratification and acceptance from his or her employer.

6 0
3 years ago
Read 2 more answers
Other questions:
  • Elise is the marketing manager in a travel company. She is planning to place an advertisement in local newspapers to promote her
    14·1 answer
  • Forge Right Inc., a manufacturing company, developed a strategic plan that assumed improved growth in its industry. Additionally
    10·1 answer
  • On December 31, 2016, the end of Larry's Used Cars' first year of operations, the accounts receivable was $53,800. The company e
    14·1 answer
  • Crandle Corp. applies manufacturing overhead costs to products at a budgeted indirectminuscost rate of $ 100 per direct manufact
    8·1 answer
  • Which of the following is true concerning federal budget deficits? I. The IRS spends more than it collects in taxes in a given y
    11·1 answer
  • Allocative efficiency occurs when the a. minimum of average total cost equals average revenueb. minimum of average total cost eq
    14·1 answer
  • Williams &amp; Co. management is trying to decide the appropriate prices for various products sold by the firm. This is a focus
    9·1 answer
  • Research in neuroeconomics has found that the function of the _________________ may be to deal with the cognitive demands of a g
    9·1 answer
  • What is the definition of REO
    7·2 answers
  • eastern hotel corp. pays a constant $7.80 dividend on its stock. the company will maintain this dividend for the next 13 years a
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!