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3 years ago

As flat screen tvs enter the maturity stage, what could happen to profits for individual firms?

1 answer:

8 0

The profits will peak and decline.
during this stage of the product development, the product is already widely accepted by the market.
Eventually, the newer and better product will start to appear and the previous one will started to lose popularity and decline in profits.

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Aguilera corp. has a current accounts receivable balance of $336,500. credit sales for the year just ended were $4,515,830. what

Alika [10]

The receivables turnover ratio is an activity ratio computing how proficiently a firm uses its assets.

Receivables turnover ratio can be calculated by: net value of credit sales during a given period divided by the average accounts receivables.

Receivables turnover = sales / receivable

= 4,515,830 / 336,500

= 13.42

Days’ sales in receivables = 365 days/ receivable turnover

= 365 / 13.42

= 27.20

The average collection period is 27.20 days.

6 0

3 years ago

A firm with a production function Q = KL (where K is units of capital and L is units of labor) has an expansion path that is giv

Charra [1.4K]

Answer:

C. 120

Explanation:

The computation is shown below:

(L × K)

<u>Labor L Capital K Quantity of Output Q Total cost TC</u>

1 2 2 $40

2 4 8 $80

(2 × $20 + 4 × $10)

3 6 18 $120

(3 × $20 + 6 × $10)

4 8 32 $160

(4 × $20 + 8 × $10)

As we can see that if we considered 3 units of labor so the total cost is $120

Hence, the correct option is c.

4 0

3 years ago

The primary advantage of being a limited partner is:

notka56 [123]

<h2>Maximum loss limited to their capital investment</h2>

Explanation:

As an investor there is a possibility of both profit and loss. If it is sole proprietorship, the profit or loss will be put on the his / her shoulder.

In case of limited partner, the advantage is that if there is a loss occurred it will" limit to their capital investment".

He/she enjoys "protected investments"

There will not be any huge loss since the capital invested is limited.

"A company can have more than one limited partner"

7 0

3 years ago

The following information is available for the month of April from the First department of the Armque Corporation: Units Work in

miskamm [114]

Answer:

Direct Materials = 340,000

Direct Labor = 304,000

Explanation:

The concept of equivalent units measures the number of units to the extend of completion of inputs added to outputs during the production.

The first step is to determine the units completed and transferred.

units completed and transferred = opening work in process + started during the year - closing work in process

= 90,000 + 250,000 - 60,000

= 280,000

then determine the equivalent units of production with respect to direct materials and conversion costs.

<u>Direct Materials</u>

Note : Materials are added in the beginning of the process thus 100 % in all categories.

units completed and transferred (280,000 × 100%) = 280,000

units of closing work in process (60,000 × 100%) = 60,000

Total = 340,000

<u>Conversion Cost</u>

units completed and transferred (280,000 × 100%) = 280,000

units of closing work in process (60,000 × 40%) = 24,000

Total = 304,000

5 0

3 years ago

If Glass Inc. produces 80 window panes per day at the market price of $60 in a perfectly competitive market, what would happen t

Verdich [7]

Answer:

Price will not change

Explanation:

A perfectly competitive market is a market where there are many firms that produce and sell similar products, no barriers to entry and exist, all firms are price takers and none of the firms is big enough or has the power to influence the market or change the price in the market.

The implication is that a firm can decide to increase its output to any level in perfectly competitive market market, but this increased out can only be sold at the market price which it has no power to change.

Therefore, if Glass Inc. Glass Inc. increases production to 120 window panes from 80, the price will still remain at $60, every other thing remain constant.

I wish you the best.

8 0

3 years ago