Answer:
$3 per unit
Explanation:
In short run a monopolist and competitive firm try to maximize their profit and minimize costs until the the marginal revenue equals to the marginal cost.
In this question the average variable cost is lower than the marginal cost the difference between both is the profit for the short run.
Economic profit = Cost saving
Economic profit = Marginal Cost - Average variable cost
Economic profit = $8 - $5
Economic profit = $3
Answer:
$83,000
Explanation:
Calculation to determine How much is the adjusted cash balance per books on December 31?
Balance per books on Dec. 31, $82,600
Add Note collected by the bank including interest $2,000
Less Bank service charge ($50)
Less NSF check ($650)
Less Book error ($900)
($1000-100)
Adjusted cash balance per books $83,000
Therefore the adjusted cash balance per books on December 31 is $83,000
Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
$46.40 per unit
Explanation:
The computation of the product cost per unit under absorption costing is shown below:
= Direct material per unit + Direct labor per unit + Variable overhead cost per unit + fixed overhead cost per unit
where,
Fixed overhead cost per unit would be
= Fixed overhead ÷ units produced
= $121,600 ÷ 16,000 units
= $7.60
All other items will remain unchanged
Now add these values in the formula above.
Hence, the value would be
= $9.60 + $19.60 + $9.60 + $7.60
= $46.40 per unit.
Answer:
$498,597.35
Explanation:
For this question we have to determine the net present value which is shown below:
Year Cash flows Discount factor at 6.9% Present value
0 -$1000,000 1 -$1000,000 (A)
1 $570,000 0.935453695 $533,208.61
2 $570,000 0.8750736156 $498,791.96
3 $570,000 0.8185908471 $466,596.78
Total present value $1,498,597.35 (B)
Net present value $498,597.35 (A - B)
