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3 years ago

If a competitive firm can increase its profits by increasing its output, then the firm's:

1 answer:

3 0

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.

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At the end of April, Cavy Company had completed Job 766 and 765. According to the individual job cost sheets the information is

bija089 [108]

Answer:

Job Direct Materials Direct Labor overhead Total Job cost

Job 765 $6,160 $1,848 $3,366 $11,374

Job 766 $10,944 $3,456 $9,792 $24,192

For Job 765 = $86.167

For Job 765 = $126

Explanation:

Data provided in the question:

Job Direct Materials Direct Labor Machine Hours

Job 765 $6,160 $1,848 22

Job 766 $10,944 $3,456 64

Overhead rate = $153 per hour

Job 765 consisted = 132 units

766 consisted = 192 units

now,

Overhead = Machine Hours × Overhead rate

For Job 765 = 22 × 153

= $3366

For Job 766 = 64 × 153

= $9792

Total job cost i.e balance on the job cost sheets

= Direct Materials + Direct Labor + overhead

Job Direct Materials Direct Labor overhead Total Job cost

Job 765 $6,160 $1,848 $3,366 $11,374

Job 766 $10,944 $3,456 $9,792 $24,192

Cost per unit = [ Total job cost ] ÷ Total units

For Job 765 = $11,374 ÷ 132

= $86.167

For Job 765 = $24,192 ÷ 192

= $126

8 0

3 years ago

Rohit, an Indian, is a marketing executive in an American company. He graduated from a top Ivy League university in the United S

Bogdan [553]

Answer: The company prefers to have white Americans at top positions, is most likely the reason why Rohit was not promoted.

In this particular case, Rohit a marketing executive who has graduated from a top Ivy League university in the United States and has been known for his outstanding performance, positive attitude, and innovative ideas yet somehow Ryan, a white male with lesser experience and average performance, is promoted to the position of marketing manager.

This states that there is discrimination in this organization and they tend to hire white people over people of color.

Therefore, the correct option is (b). 

3 0

3 years ago

You are a recent college graduate who has just landed your first job. The company that hired you has

Alex73 [517]

Well 50% of 50,000 is 25,000 so I’d say make sure your cars don’t go above 15,000 a Year cause Car(s)

5 0

3 years ago

chubhunter [2.5K]

Answer:

False

Explanation:

The situation above is called the "pitch." This is a process of persuasion whereby people present their ideas to their potential clients or investors. This is done in order to achieve a particular purpose. In the situation above, the ad agency's purpose is to win the potential client's account. In order to become successful in pitching ideas, one has to consider some pointers such as getting to the point fast, using a message map, not using too many slides and the like.

So, this explains the answer.

5 0

3 years ago

Renue Spa had the following balances at December 31, Year 1: Cash of $15,000, Accounts Receivable of $61,000, Allowance for Doub

Phoenix [80]

Answer:

Explanation:

provision For Doubtfull Accounts Yr.3

Opening Bal. = 3,750

For the Year (215000*2%) = 4300

Write-off = -2100

Closing Balance (3750+4300-2100) = 5950

Account Recievable For Yr.3

Opening Bal. = 61000

Sales For the Year (215000*2%) = 215000

Provision For the Year = -4300

Cash Recived from Debtors = 218000

Closing Balance = 53700

Net Realizable Value of Recievables

Closing Debtors = 53700

Closing Provision = -5650

Net Realizable Value = 47750

C) Collectible Amount

Provision For the Year = 4300

Previously writte of recoverred = -500

Total bad debts for the year = 3800

5 0

3 years ago