Pinewood Department Store reported the following information for 2020: October November December Budgeted sales $1,300,000 $1,60
0,000 $1,900,000 All sales are on credit. Customer amounts on account are collected 40% in the month of sale and 60% in the following month. How much cash will Pinewood receive in November
If the firm can increase its profit by increasing its output then the firm is not producing at where the marginal cost is equal to the marginal revenue. A profit-maximizing firm in a competitive market will produce its output at the point in which MC=MR.
In this situation, i will probably call 911 and directly report the situation to the police as soon as possible. That person may be there for some innocent resorts, but his/her behavior is really suspicious and it is better to take precaution rather than have to deal with potential unwanted consequences
