Answer:
How are fixed costs different from variable costs?Fixed costs do not change no matter how much a business produces; variable costs do change.
Explanation:
when a company decides to produce a certain commodity fixed cost and variable costs are the main costs of the company. Fixed costs are constant regardless of the amount of output a company produces . e.g insurance and rental payment while Variable cost changes or varies or with the amount of goods and services produced by a company.e.g money paid for labour.
Answer:
unique selling propositions
Positive : Taxation could be used to exclude some expenses that could be putted in the income statement
Negative : Taxation will cut out some part of the company's annual revenue
hope this helps
Answer:
$1,574,000
Explanation:
Cash collections from customers during the period using direct method is computed as;
= Credit sales + Beginning accounts receivables - Ending accounts receivables
= $1,696,000 + ($175,000 - $297,000)
= $1,692,000 - $122,000
= $1,574,000
Answer:
Explanation:
C(q) = 100+10q-q^2+(1/3)q^3
To find the firm marginal cost function:
Take the derivative with respect to q
MC = 10 - 2q + q^2
Assuming that the market price is p , then the profit maximising condition is:
MR = MC
p = 10 - 2q + q^2
The short-run supply curve is the marginal cost curve that lies above the average variable cost.
The average variable cost is:
AVC =VC/Q
AVC = (10q-q^2+(1/3)q^3)/Q
AVC = 10 - q + (1/3)*q^2
So, the short-run supply curve is:
SRS = 10 - 2q + q^2 if p > 10 - q + (1/3)*q^2
