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g When a company’s resources are valuable, rare, imperfectly imitable, and nonsubstitutable, it has a . Necessary to sustain a c

malfutka [58]

Answer:

Rare resources

Explanation:

Rare resources are unique resources that is not controlled or possessed by many competing firms. Only a small number of competing companies control it. It usually stands out by being distinctive among the set of future competitors. Rare resources are short in supply and capable of persisting over an extended time, this makes it a source of competitive advantage for a company.

7 0

3 years ago

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On March 14, Teal Co. accepted a 120-day, 6% note in the amount of $10,000 from AZC Co., a customer. On the due date of the note

Y_Kistochka [10]

Answer:a credit to Interest revenue for $200

Explanation:

Interest = Principal x rate x time ( period )

= $10,000 x 6% x 120/360

=$200

Account titles and explanation Debit Credit

Cash $10,200

Note receivable $10,000

Interest revenue $200

Therefore, The journal entry that Teal would make to record payment of this note would include a credit to Interest revenue for $200

5 0

2 years ago

In the context of theâ€‹ firm's supplyâ€‹ curve, as the firm produces more of aâ€‹ good, the cost of producing each additional u

Flura [38]

Answer:

decrease

Explanation:

Marginal cost is a concept that explains the cost a company has to produce one more unit of good. This is a measure that is associated with the productivity of the inputs used in the production process. When a company increases production, marginal cost tends to decrease as inputs are better utilized. This is because the company specializes in production in order to streamline inputs and increase productivity.

5 0

3 years ago

Aborkian Co. is forecasting sales of 75,000 units of product for November. To make one unit of finished product, seven pounds of

melamori03 [73]

Questions

Aborkian Co. is forecasting sales of 75,000 units of product for November. To make one unit of finished product, seven pounds of raw materials are required. Actual beginning and desired ending inventories of raw materials and finished goods are:

November 1 November 30

(Actual) (Desired)

Raw materials (pounds) 91,400 86,400

Finished goods 8,500 9,600

(a.) Calculate the number of units of product to be produced during November.

(b.) Calculate the number of pounds of raw materials to be purchased during November

Answer:

Number of units to be produced= 76,100 units

Raw materials to be purchased= 527,700 pounds

Explanation:

Units to be produced

Number of units to be produced = sales budget + closing inventory - opening inventory

= 75,000 + 9,600 - 8,500 = 76,100 units

Number of units to be produced= 76,100 units

Raw materials purchase budget

Raw materials to be purchased = Raw materials to be used + closing inventory of raw materials - opening inventory of raw materials

Raw material usage = production units × standard pounds per unit

= 76,100× 7 =532700 pounds

Raw materials to be purchased = 532,700 +86,400 - 91,400=527700

Raw materials to be purchased= 527,700 pounds

4 0

3 years ago

A business owner makes 1000 items a day. Each day she spends 8 hours producing those items. If hired, elsewhere she could have e

AveGali [126]

Answer:

c. $240,000

Explanation:

Her economic profit is given by her revenue deducted by the explicit costs (I=$150,000) and implicit costs (opportunity cost).

Her monthly revenue is:

$R=1,000\ (items/day)*30\ days*\$15/item\\R = \$450,000$

Her opportunity cost is:

$O = 30\ days* 8\ (hours/day)*\$250/hour\\O=\$60,000$

Her economic profit is:

$P = R-I-O\\P=\$450,000-\$150,000-\$60,000\\P=\$240,000$

The answer is c. $240,000.

5 0

3 years ago