Answer: It should shot down immediately.
Explanation:
If the market price is equal to average cost at the profit-maximizing level of output, then the firm is making zero profits. If the market price that a perfectly competitive firm faces is below average variable cost at the profit-maximizing quantity of output, then the firm should shut down operations immediately.
Answer: $4,950
Explanation:
If the company is using the First In First Out method for Inventory valuation then the earlier inventory is sold off first which would mean that the inventory at year end will be the more recent inventory.
The 25 units at the end of the year will be the most recent units purchased and so will be;
20 units from the third purchase
5 units from the 2nd purchase
Inventory value = (20 * 195) + ( 5 * 210)
= $4,950
<em>The options are not for this question. </em>
i would its because to profit motive i think.
Answer:
d. She is discharged from performance because of impossibility of performance.
Explanation:
Alice's refusal to keep Creaky and Toady can be based on fact that She is discharged from performance because of impossibility of performance. Discharge of contract by impossibility of performance usually occurs when the contractual duty cannot be performed due to unforeseen and uncontrollable circumstances, such as death, illness etc, which can lead to the party been released from a contract on the ground that such uncontrollable circumstances have rendered performance impossible.
