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
Nataliya [291]
2 years ago
15

If a firm's marginal revenue is below its marginal cost, an increase in production will usually: a. increase profits. b. leave p

rofits unchanged. c. decrease profits. d. increase marginal revenue.
Business
1 answer:
Harlamova29_29 [7]2 years ago
6 0

Answer:

D. increase marginal revenue

Explanation:

If marginal revenue is less than marginal cost then they are producing too much product and need to decrease production until marginal cost and marginal revenue are equal.

You might be interested in
For Wilton Company, the predetermined overhead rate is 70% of direct labor cost. During the month, $360,000 of factory labor cos
bezimeni [28]

Answer:

The amount of overhead debited to Work in Process Inventory should be: a. $182,00

Explanation:

The Overheads are Applied in the Manufacturing Costs as:

Budgeted Rate × Actual Activity for the Month

At the End of the Period we would need to determined whether this amount of overhead is Over or Under Applied by comparing it to the actual overheads incurred of $180,000 (given)

In our Case,  the predetermined overhead rate is 70% of direct labor cost

<em>Thus we need to find the Direct Labor Cost first</em>:

Total Labor Costs               $360,000

<em>Less </em>Indirect Labor Costs<em>  </em>$100,000

Direct Labor Cost              $260,000

<em>Therefore Overheads applied would be determined as:</em>

= $260,000 × 70%

= $182,000

6 0
3 years ago
Read 2 more answers
A company reported total stockholders' equity of $540,000 on its balance sheet dated December 31, 2016. During the year ended De
solniwko [45]

Answer:

$667,000

Explanation:

stockholders' equity December 31, 2016 = $540,000

plus net income = $60,000

minus cash dividends = ($18,000)

plus issuance of common stock = $70,000

plus sale of treasury stock = $15,000

stockholders' equity = $667,000

Stock dividends do not affect the value of stockholders' equity, that is why they are not included in this calculation.

7 0
3 years ago
Suzette has received an order for 1,500 boxes of nuts per week for the next 3 months. If she expects the trend in the marginal p
S_A_V [24]

Answer:

18,000 boxes

Explanation:

1500×3×4 or

1500×12

8 0
3 years ago
Pina Colada Corp. holds Tamarisk, Inc. $44400, 120-day, 15% note. The entry made by Pina Colada Corp. when the note is collected
Dafna1 [17]

Answer and Explanation:

The journal entry is shown below

Cash  $46,620

     To Notes Receivable $44,400

     To Interest receivable ($44,400 × 15% × 120 days ÷  360 days)

(Being the cash received is recorded)

Here we debited the cash as it increased the assets and at the same time we credited the interest receivable and the note receivable as it decreased the assets

The same is to be considered

7 0
3 years ago
Arthur sells $100 worth of cotton to Bob. Bob turns the cotton into cloth, which he sells to Camille for $300. Camille uses the
kow [346]

Answer:

$1200

Explanation:

Gross Domestic Product (GDP) is the total market value of all of the final goods and services produced in a country over a particular period of time.

The contribution to GDP can be determined by adding the value created by each of the economic agents involved in the creation of the final goods and services

Arthur = 100 = 100

Bob = 300 - 100 = 200

Camille = 700 -300 = 400

Donita = 1200 - 700 = 500

Total Value 100 +200 +400 +500 = $1200.

You will observe that it is the same as the value of the final good i.e dress. In the production process, other goods involved are referred as intermediate goods

8 0
3 years ago
Other questions:
  • A substance has a mass of 360 g and a volume of 7.5 mL. What is its density?
    6·1 answer
  • Jeep recognizes that it has some customers who like roomy suvs, while others like more compact versions. it also has customers w
    8·1 answer
  • The labor-force participation rate tells us the fraction of the population that has chosen to participate in the labor market.
    6·1 answer
  • The opportunity cost of a decision is measured in terms of
    11·1 answer
  • Which of the following is not among the chief reasons organizations fail? Multiple Choice overemphasis on short-term financial p
    10·1 answer
  • 1. Barry Cain invested $38,000 cash to start an appliance repair business. 2. Hired an employee to be paid $500 per week, starti
    5·1 answer
  • Consider the following hypothesis test: 1. A manufacturer takes a sample of 125 consumers. 2. They suspect that over 75% of cons
    7·1 answer
  • West virginia, the state with the lowest percentage of college graduates in the united states, is indicative of americans' relat
    12·1 answer
  • An automatic stabilizer:________
    14·1 answer
  • What are the main form through which foreign capital flows in malaysia?Discuss the evolution of the various form across the last
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!