Adjusting Entries On May 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Oceanside Realty: Fees accrued but unbilled at May 31 are $8,600. The supplies account balance on May 31 is $2,830. The supplies on hand at May 31 are $810. Wages accrued but not paid at May 31 are $1,080. The unearned rent account balance at May 31 is $8,430, representing the receipt of an advance payment on May 1 of three months' rent from tenants. Depreciation of office equipment is $1,440. Required: 1. Journalize the adjusting entries required at May 31. If an amount box does not require an entry, leave it blank.
Answers
Answer and Explanation:
The journal entries are shown below:
1. Accounts Receivable $8,600
To Fees Earned $8,600
(Being Accrued fees earned is recorded)
2. Supplies Expense ($2,830 - $810) $2,020
To Supplies $2,020
(Being supplies expense is recorded)
3. Wages Expense $1,080
To wages payable $1,080
(Being wages expense is recorded)
4. Unearned Rent ($8,430 ÷ 3) $2,810
To Rent Revenue $2,810
(Being unearned rent is recorded)
5. Depreciation Expense $1,440
To Accumulated Depreciation- Equipment $1,440
(Being Depreciation expense is recorded)
Related Questions
Universal Claims Processors processes insurance claims for large national
insurance companies. Most claim processing is done by a large pool of
computer operators, some of whom are permanent and some of whom are
temporary. A permanent operator can process 16 claims per day, whereas a
temporary operator can process 12 per day, and on average the company
processes at least 450 claims each day. The company has 40 computer
workstations. A permanent operator generates about 0.5 claim with errors each
day, whereas a temporary operator average about 1.4 defective claims per day.
The company wants to limit claims with errors to 25 per day. A permanent
operator is paid $64 per day, and a temporary operator is paid $42 per day.
The company wants to determine the number of permanent and temporary
operators to hire to minimise costs.
a) Formulate a linear programming model for this problem.
b) Solve this model by using graphical analysis.
Answers
The optimal solution is to hire 22 permanent operators and 19 temporary operators, with a total cost of $2272.50.
a) Formulating the linear programming model:
Let x represent the number of full-time employees and y represent the number of temporary employees to be hired.
The objective function is to minimize the cost of hiring operators, which is given by:
Cost = 64x + 42y
The constraints are:
The total number of claims processed per day cannot be less than 450:
16x + 12y ≥ 450
The total number of defective claims per day cannot be more than 25:
0.5x + 1.4y ≤ 25
The number of workstations available is limited to 40:
x + y ≤ 40
The number of operators cannot be negative:
x ≥ 0, y ≥ 0
Following are some ways to express the linear programming model:
Minimize Cost = 64x + 42y
Subject to:
16x + 12y ≥ 450
0.5x + 1.4y ≤ 25
x + y ≤ 40
x ≥ 0, y ≥ 0
b) Solving the model using graphical analysis:
We can graph the constraints to find the feasible region and then use the corner-point method to find the optimal solution.
First, we graph the constraint 16x + 12y ≥ 450:
12y ≥ -16x + 450
y ≥ (-4/3)x + 37.5
Next, we graph the constraint 0.5x + 1.4y ≤ 25:
1.4y ≤ -0.5x + 25
y ≤ (-5/14)x + 25/1.4
y ≤ (-5/14)x + 17.86
Finally, we graph the constraint x + y ≤ 40:
y ≤ -x + 40
Combining these three constraints, we get the following feasible region:
16x + 12y = 450
y ≤ (-4/3)x + 37.5
y ≤ (-5/14)x + 17.86
y ≤ -x + 40
We now evaluate the objective function at the corner points of the feasible region to find the optimal solution.
The corner points are:
(0, 25/1.4) = (0, 17.86)
(0, 37.5)
(21.875, 18.75)
(27.27, 12.73)
(28.125, 11.25)
When we assess the objective function at these intervals, we obtain:
(0, 17.86): Cost = 42y = 42(17.86) = 750.12
(0, 37.5): Cost = 42y = 42(37.5) = 1575
(21.875, 18.75): Cost = 64x + 42y = 64(21.875) + 42(18.75) = 2272.5
(27.27, 12.73): Cost = 64x + 42y = 64(27.27) + 42(12.73) = 2536.08
(28.125, 11.25): Cost = 64x + 42y = 64(28.125) + 42(11.25) = 2587.5
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Guys, This question determines my life.
1.If nothing Is faster than light, then how did the dark get there first?
Answers
Answer:
its simply not true that nothing is faster than light. ill give a quick proof: black holes. Gravity is stronger and faster than light, because gravity captures light and prevents it from leaving the black hole.
Explanation:
What is the difference between soft and hard skills?
A Soft skills are specific to a career and are taught in classes. Hard
skills make you a good employee and can be learned anywhere.
B. Soft skills make you a good employee and can be learned
anywhere. Hard skills are specific to a career and are learned in
classes.
C. Soft skills are learned on the job and hard skills are learned before
entering the workforce.
OD. Soft skills are learned before entering the workforce and hard
skills are learned while on the job.
SUBMIT
Answers
Option (b), You can gain soft skills anyplace, and they make you a good employee. Hard skills are acquired in classes and are unique to a certain profession.
Which differences exist between hard abilities and soft skills?"Hard skills" are the expertise and abilities required to properly do the tasks associated with a profession. The personality attributes that allow employees to flourish in work, on the other hand, are known as soft skills.
Capabilities and aptitude that have a measurable value are called hard skills. They are frequently suited to a certain vocation and can be gained through formal schooling or on-the-job training. Soft skills are more generic and less job-specific than hard abilities, and they are less well-defined than hard talents.
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Answer:
B.
Explanation:
Soft skills make u a good emplyee and can be learned anywhere..
Determine the costs assigned to ending inventory and to cost of goods sold using fifo
Answers
Using FIFO, the cost assigned to ending inventory is $8,296, and the cost assigned to the cost of goods sold is $20,774.
What is FIFO?FIFO simply means First-in, First-Out.
FIFO is a cost flow assumption that assigns cost to the cost of goods sold based on the understanding that the first goods brought into the store are the first to be sold.
Note that under the perpetual inventory system, the cost of goods sold is determined at each sales transaction.
Activities Units Acquired at Cost Units Sold at Retail
Jan. 1 Beg. inventory 285 at $13.40 $3,819
Jan. 10 Sales 250 units $43.40 $10,850
Mar. 14 Purchase 470 units $18.40 8,648
Mar. 15 Sales 400 units $43.40 17,360
July 30 Purchase 485 units $23.40 11,349
Oct. 5 Sales 460 units $43.40 19,964
Oct. 26 Purchase 185 units $28.40 5,254
Totals 1,425 units $29,070 1,110 units $48,174
Ending inventory 315 (1,425 - 1,110)
FIFO:Ending inventory = $8,296 (185 x $28.40 + 130 x $23.40)
Cost of goods sold = Cost of Goods Available for Sale - Cost of Ending Inventory)
= $20,774 ($29,070 - $8,296)
Cost of Goods Sold (Using Perpetual Inventory System):$3,350: 250 units $13.40
$7,185: 400 units ($13.40 x 35) + ($18.40 x 365)
$10,239: 460 units ($18.40 x 105) + ($23.40 x 355)
$20,774 1,110 units
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Question Completion:Activities Units Acquired at Cost Units Sold at Retail
Jan. 1 Beg. inventory 285 at $13.40 $3,819
Jan. 10 Sales 250 units $43.40
Mar. 14 Purchase 470 units $18.40 8,648
Mar. 15 Sales 400 units $43.40
July 30 Purchase 485 units $23.40 11,349
Oct. 5 Sales 460 units $43.40
Oct. 26 Purchase 185 units $28.40 5,254
Totals 1,425 units $29,070 1,110 units
Required Hemming uses a perpetual inventory system. 1. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO.
Say that bianca has take-home pay of $800, she budgets every cent out at the start of the month, and she then she needs less gas money than expected in august. She no longer spends the full $65 she budgeted there. What should she do with the leftover?.
Answers
The leftover amount in any budget is better to invest than to save as investment gives higher returns.
What it means to invest is to make a current financial commitment in the hopes of future growth. The use of capital—such as time, money, effort, etc.—with the hope of receiving a return higher interest than the initial investment is known as investing. Due to their utility in producing future income, bonds, equities, real estate, and alternative assets are all regarded as investments. The market rate of interest has a significant influence on the decisions that manufacturers make on investments, including whether to purchase new machinery. But, for the sake of simplicity, we assume that enterprises intend to invest the same sum each year.
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Discuss the challenge created for financial accountants by the presence of uncertainty.
Answers
Uncertainty creates challenges for financial accountants in accurately measuring, reporting, and disclosing financial information.
The presence of uncertainty poses significant challenges for financial accountants. Uncertainty refers to the lack of predictability or reliability in future events or outcomes, which makes it difficult to accurately measure and report financial information. Here are some key challenges created by uncertainty:
Measurement and valuation: Uncertainty makes it challenging to determine the appropriate measurement and valuation of assets, liabilities, revenues, and expenses.
Financial accountants must make estimates and judgments based on available information, assumptions, and professional judgment. However, the accuracy of these estimates may be compromised by the inherent uncertainty.
Financial statement presentation: Uncertainty affects the presentation of financial statements. Accountants must disclose the nature and extent of significant uncertainties that could impact the company's financial position and performance. However, determining which uncertainties are material and require disclosure can be subjective and complex.
Risk assessment: Uncertainty introduces risk into financial reporting. Accountants need to assess and manage risks associated with uncertain events, such as changes in market conditions, legal disputes, or environmental factors. They must consider the potential impact of these risks on financial statements and disclose them appropriately.
Forecasting and decision-making: Uncertainty makes forecasting and decision-making challenging for financial accountants. They need to analyze financial data and projections while considering the potential impacts of uncertain factors.
This requires them to use sophisticated models, scenario analysis, and sensitivity analysis to assess the range of possible outcomes.
Regulatory compliance: Financial accountants must comply with accounting standards and regulatory requirements. Uncertainty adds complexity to compliance efforts, as new and evolving regulations may require additional disclosures or adjustments to financial statements to reflect uncertain events or future obligations.
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what is the minimum wage for SA
Answers
the new National Minimum Wage for South Africa has been made public by the Department of Employment and Labour. Starting on March 1st, 2023, the current minimum wage of R23,19 per hour will increase to R25,42 per hour (an increase of around 9,6%).
The minimal amount of compensation that an employer is compelled to pay wage earners for the job completed during a particular period, which cannot be reduced by a collective agreement or an individual contract, is referred to as the "minimum wage."The South African government may impose penalties on employers who fail to pay the minimum wage. If a defined weekly wage is used, the monthly wage is multiplied by 4.33. If an hourly rate is specified, it is computed as 4.33 times the weekly average.
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Grant Corporation is looking to purchase a building costing $900,000 by paying $300,000 cash on the purchase date, and agreeing to make payments every three months for the next five years. The first payment is due three months after the purchase date. Grant's incremental borrowing rate is 8%. Each of the payments is closest to: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.)
Answers
Answer:
hsggsgtsgg hdhwovxgwivogf get zf66#(8 5578£+#8 k35792y6728 77 --(828)51&'
If costs are declining, will the LIFO or FIFO method of inventory valuation yield the lower cost of goods sold? Why?
Answers
If costs are declining, the LIFO method of inventory valuation will yield the lower cost of goods sold and the reason is: Since inventory costs are declining which means that the last items inventoried are first out at decreasing costs.
What is LIFO?LIFO which full meaning is last in first out means that inventory that was the last to come into a warehouse will be the first inventory to be sold out.
If costs are declining, the LIFO method of inventory valuation will yield the lower cost of goods sold and the reason is since inventory costs are declining which means that the last items inventoried are first out (expensed) at decreasing costs. Based on this , your cost of goods would be lower.
Therefore the LIFO method of inventory valuation will yield the lower cost of goods sold.
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Answer: i think the Lifo method will have the lower cost
Explanation:
Based on the evidence available to you, which investment opportunity is more likely to be fraudulent? What are the true risks of investment with this company, and does the company accurately describe these risks? What are the potential returns on an investment, and does the company accurately describe these returns?
Answers
It is important to note that any investment opportunity can be risky, and investors should always conduct thorough the research and seek professional advice before making any investment decisions.
What is an investment?Investment refers to the act of allocating resources, such as money, time, or effort, with the expectation of generating a profitable return in the future. Investments can take many forms, including stocks, bonds, real estate, mutual funds, and businesses. Investors aim to grow their wealth over time by investing in assets that will appreciate in value, generate income, or both. However, investing also carries risks, such as market fluctuations, economic downturns, and unforeseen events that can impact the value of investments. To make informed investment decisions, investors need to conduct research, analyze data, and evaluate the potential risks and rewards of different investment opportunities. Diversification, asset allocation, and a long-term investment horizon are some of the strategies used to manage risk and optimize returns.
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What are the five steps in the marketing research approach?
Answers
Answer: define the problem or opportunity, develop your marketing research plan, collect relevant data and information, analyze data and report findings, and put your research into action
Explanation: Just trust me this is a great way for marketing approaches
Special education is defined as specialized_______
Answers
Special education is defined as specialized "instruction and support designed to meet the unique needs of students with disabilities."
It encompasses a range of educational services, strategies, and interventions tailored to address the diverse learning requirements of individuals with disabilities.
The goal of special education is to ensure that students with disabilities have equal access to educational opportunities and are provided with the necessary tools and accommodations to achieve academic success and personal development.
Special education encompasses various components, such as individualized education plans (IEPs), which outline specific goals and accommodations for each student. It involves the provision of specially trained teachers and support staff who are knowledgeable about the specific needs and challenges of students with disabilities.
It also involves the use of specialized instructional techniques, assistive technologies, and adaptive materials to enhance learning and promote inclusion.
In addition to academic instruction, special education may also address social-emotional development, behavioral management, and independent living skills, depending on the unique needs of the student.
Collaboration among educators, parents, and related service providers is essential to ensure the provision of a comprehensive and individualized special education program that empowers students with disabilities to reach their full potential.
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Which of the following is not true about amortization of Limited-Life Intangibles a. Amortize by systematic charge to expense over useful life. b. Credit asset account or accumulated amortization. c. Useful life should reflect the periods over which the asset will contribute to cash flows. d. Amortization should be cost less residual value. e. IFRS requires companies to assess the residual values and useful lives of intangible assets at least annually. f. None of the above
Answers
Answer:
Amortization of Limited-Life Intangibles:
f. None of the above
Explanation:
IFRS requires limited-life intangibles to be systemically amortized throughout their useful lives using either units of activity method or straight-line method. Intangibles are amortized to reduce their values as per use over their lifespan. Amortization is like depreciation, but depreciation is a term used for tangible assets, while amortization is used for intangible assets.
FILL IN THE BLANK. Mr. Z cannot recall the time that he made a fool of himself in front of his coworkers. Here, the defense mechanism of____is at work. repression.
Answers
Mr. Z has likely forgotten about the incident where he embarrassed himself at work, so this is likely the Repression defensive mechanism in action.
What is the Repression defense mechanism?Unpleasant feelings, urges, memories, and thoughts can be suppressed without being consciously aware of them. This defense strategy was first explained by Sigmund Freud and aims to lessen worry and guilt feelings. It is a reaction to a difficult or upsetting circumstance that a person has faced at some point in their lives. It entails unconsciously keeping the details of that event from coming to our conscious mind, making it exceedingly challenging to recall.
What is suppression?Suppression, a different type of defense mechanism, is sometimes mistaken with repression. Suppression, as contrast to repression, entails intentionally choosing to suppress unwanted thoughts or urges. Suppression is specifically the purposeful effort to ignore or not think about unpleasant or unwelcome thoughts.
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A project that will last for 12 years is expected to have equal annual cash flows of $104,500. If the required return is 8.2 percent, what maximum initial investment would make the project acceptable
Answers
Answer:
$779,424.31
Explanation:
To determine the maximum initial investment would make the project acceptable, we have to find the present value of the cash flows.
Present value is the sum of discounted cash flows.
Cash flow each year from year 1 to 12 = $104,500
I = 8.2%
Present value = $779,424.31
To find the PV using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
I hope my answer helps you
visit a local specialty retail store (e.g., sporting goods, cooking products, electronics) or look in your own kitchen/pantry and identify a generic product or commodity that might be "de-commoditized" and dif- ferentiated through innovation.
Answers
A commodity that might be de-commoditized and differentiated is cool max. This cool max is all-season technology which keeps the body warmer in winter and keeps the body cooler in summer.
How coolmax might be de-commoditized through innovation?Cool max is all-season technology which keeps the body warmer in winter and keeps the body cooler in summer. This helps the store to differentiate its offering from its competitors and it will also help in attracting more audience towards the product. So this is also a sort of innovation which has de-commoditized products.
Thus cool max might be de-commoditized through innovation.
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1.2 The communication process is a highly complex one that is hard to analyze as it is an ever-changing process and unending. Identify and explain the different elements of communication in this scenario (15) Word count: 200-300 words
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The communication process is a dynamic framework that outlines the numerous ways in which a message can be sent to and received from a sender and recipient.Verbal communication is the act of conveying information orally.
How would you characterise the intricate process of communication?Oral, written, and kinetic modes of communication are all complicated processes that are deeply ingrained in everything we do as individuals or as a member of a social system.
is a difficult procedure. Whom the communication process begins and concludes with is unclear?Given the complexity of communication, it can be challenging to pinpoint the beginning and finish of a communication interaction. Communication models streamline the procedure by giving a visual depiction of the
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FRY-9C, FRY-14M, FRY-14Q, FRY-2052a, FP&A, CRR
What are these terms exactly mean? How do they work in business? What each term do?
Answers
The terms mentioned above are used in economics and have to do with finance.
What are FRY-9C, FRY-14M, and FRY-14Q?In order to keep an eye on financial institutions in between on-site inspections, the FR Y-9C is the main analytical tool employed. The form, which is the most frequently requested and scrutinized report at the holding company level, contains more schedules than any other report in the FR Y-9 series.
The FR Y-14M report gathers monthly in-depth information on the loan portfolios of bank holding companies (BHCs), savings and loan holding companies (SLHCs), and intermediate holding companies (IHCs). Three loan- and portfolio-level collections, as well as one in-depth address matching collection, make up the report.
On a quarterly basis, the FR Y-14Q compiles comprehensive information on the various asset classes, capital components, and pre-provision net revenue (PPNR) categories of the bank holding companies (BHC), savings and loan holding companies (SLHCs), and intermediate holding companies (IHC).
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to limit your risk during the first six months of unsupervised driving, you should avoid:
Answers
Answer:
carrying passengers
Explanation:
trust
Answer:
Speeding, Driving at night, driving with anyone under the age of 21, Drinking and driving (this one is obvious but still) Texting and driving, and if you get distracted easily avoid listening to music that can be distracting, along with don't have little children in the car with you if you are still in your first six months.
Explanation:
I hope this helps we went over this in my driver ed class this is all I really remember hope this helps have a nice day!
businesses that focus on the creation and delivery of high-value value propositions, to include those that may be customized to the customer segments' preferences, are typically described as:
Answers
Businesses that focus on the creation and delivery of high-value value propositions, to include those that may be customized to the customer segments' preferences, are typically described as Value-driven.
How does a value-driven approach work?Value-Driven delivery methods include Agile and Lean and focus on delivering customer or business value as soon as possible through frequent collaboration and feedback as opposed to Plan-Driven delivery methods, which emphasize following an end-to-end plan that was developed through upfront analysis.
Hence, Leaders who are values-driven do so because they have a strong sense of purpose and have a history of upholding principles like trust, respect for others, excellence, courage, and social and environmental responsibility.
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Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows:
1. What is the materials quantity variance for March?
2. If Preble had purchased 171,000 pounds of materials at $7.20 per pound and used 155,000 pounds in production, what would be the materials quantity variance for March?
3. What is the labor rate variance for March?
4. What is the labor efficiency variance for March?
5. What is the labor spending variance for March?
Answers
Labor efficiency variance = (Actual hour * Standard rate) - (Standard hour * Standard rate).
Labor efficiency variance = $404,600 F
What is Labor efficiency variance?By "efficiency of labor," we mean a worker's ability to produce more or better work, or both, over the course of a given amount of time.
1) Labor efficiency variance = (68,000 * $17) - ((30,600 * 3) * $17)
Labor efficiency variance = $1,156,000 - (91,800 * $17)
Labor efficiency variance = $404,600 F
2) Variance in direct labor worked divided by variance in labor efficiency
Variance in labor costs is $404,600 - $68,000.
Variance in labor costs = $336,600 F
3) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.
Manufacturing variable overhead cost = 24,000 * $21
$504,000 is the variable manufacturing overhead cost.
4) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.
Cost of variable overhead in production = 30,600 * $21
$642,600 is the variable manufacturing overhead cost.
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Which of the following best describes how subject lines should be created
Answers
The sentence that best describes how subject lines should be created is C) Bias-free language avoids words and phrases that unfairly stigmatize people.
What are subject lines?When recipients receive an email from someone especially from an organization, then the subject line serves as the first single-line text they see after the sender's name.
It should be noted that the The sender's name, the subject line, as well as the preview text are the first three items that would be seen in an email when it arrives in the inbox before it is been clicked open for the receiver of the message.
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complete question;
Which of the following best describes bias-free language?
A) Bias-free language is often unethical.
B) Bias-free language makes the user sound prejudiced.
C) Bias-free language avoids words and phrases that unfairly stigmatize people.
D) Bias-free language supports the stereotypes and prejudices that it reflects.
E) Bias-free language communicates from the audience's point of view and generally supports the audience's interests and preferences.
What is the main risk for an entrepreneur?
Answers
Entrepreneurs can assume a variety of risks. One of the most prevalent types of risk is market risk, which is the risk an investor takes as a result of market volatility.
Both the business owner and any early investors they enlist should be prepared for this kind of risk when launching a new venture. The use of technology, credibility, and rivalry are further types of risk.
There are some risks involved with implementing new technology into your business operations, such as the possibility that the price of the software or hardware will be higher than the revenue generated by its use. The potential for technological failure, which could lead to data breaches, website outages, and information theft, is another type of technological risk.
The pricing and marketing tactics of competitors, which can be unpredictable and disruptive, present another type of risk.
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What is the relationship between financial system and economy
Answers
Answer:
Financial markets help to efficiently direct the flow of savings and investment in the economy in ways that facilitate the accumulation of capital and the production of goods and services.
Explanation:
the difference is that in financial WE gain more while economy is to economise profit for good and services.
What happens when demand decreases while supply increases
Answers
Explanation: When demand decreases while supply increases, it creates a situation of surplus, also known as oversupply. This is because there is now more supply available in the market than there is demand for it, leading to a surplus of goods or services.
As a result, businesses may have to lower their prices to incentivize consumers to purchase their products or services. This can lead to a decrease in revenue for the businesses and potentially even lower profits. In some cases, businesses may also need to reduce their supply in response to the decrease in demand.
If the surplus persists over a longer period, businesses may also need to cut costs, such as reducing staff or production capacity, in order to remain profitable. This can have broader economic implications, such as rising unemployment rates and a decrease in overall economic activity.
Overall, a decrease in demand while supply increases can have negative consequences for businesses and the economy as a whole.
Answer: When demand increases and supply increases it leads to reduction in the equilibrium price.
Explanation:
The market price will fall as a result of a decline in demand and an increase in supply because, for any quantity, consumers now place a lower value on the item and producers are ready to accept a lower price.
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what is globalization ?
Answers
Answer:
the process by which businesses or other organizations develop international influence or start operating on an international scale.
Explanation:
Yeah
Consider total cost and total revenue, given in the following table:
In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)
Total Cost Marginal Cost
(Dollars)
Quantity (Dollars)
0
1
2
3
4
5
6
7
5
6
8
11
15
20
26
35
05
06
07
Total Revenue Marginal Revenue
(Dollars)
(Dollars)
0
6
12
18
24
30
36
42
AAAAAAA
Profit
(Dollars)
In order to maximize profit, how many units should the firm produce? Check all that apply.
04
Answers
The solution to the given question when we consider total cost and total revenue, given in the following table:
The Financial TableQuantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit
------- | -------- | -------- | -------- | -------- | --------
0 | 5 | 5 | 0 | 0 | -5
1 | 11 | 6 | 6 | 6 | 1
2 | 17 | 6 | 12 | 6 | 5
3 | 24 | 7 | 18 | 6 | 4
4 | 31 | 8 | 24 | 6 | -7
5 | 39 | 8 | 30 | 6 | -9
6 | 47 | 8 | 36 | 6 | -11
7 | 55 | 8 | 42 | 6 | -13
As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.
Therefore, the answer to the question is 3.
In summary:
The firm's profit is maximized at quantity 3.This is because the marginal revenue is equal to zero at this point.If the firm produces more units, it will start to lose money.Therefore, the answer to the question is 3.Read more about marginal revenue here:
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A nation’s culture is the ________ common to its people.
Answers
A nation’s culture is the shared set of beliefs, values, knowledge and patterns of behaviour common to its people.
Rita owns a sole proprietorship in which she works as a management consultant. She maintains an office in her home (500 square feet) where she meets with clients, prepares bills, and performs other work-related tasks. Her business expenses, other than home office expenses, total $5,600. The following home-related expenses have been allocated to her home office under the actual expense method for calculating home office expenses. Real property taxes $ 1,600 Interest on home mortgage 5,100 Operating expenses of home 800 Depreciation 1,600 Also, assume that, not counting the sole proprietorship, Rita's AGI is $60,000. Rita itemizes deductions, and her itemized deduction for non-home business taxes is less than $10,000 by more than the real property taxes allocated to business use of the home. Assume Rita’s consulting business generated $15,000 in gross income. (Leave no answer blank. Enter zero if applicable.) a. What is Rita’s home office deduction for the current year?
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Answet
45-24
Explanation:
503
The number one reason for the failure of new business is A poor marketing B poor management C insufficient cash D taking too many risks
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The number one reason for the failure of new business is taking too many risks. Thus option (D) is correct.
What is a business?A business can be referred to as an organization or enterprising entity that engages in professional, commercial or industrial activities. There are different types of businesses like sole proprietorships, partnerships, corporations, and more.
The businesses are basically work for profit motive. Businesses can be small-scale or large-scale. Some of the biggest businesses in the world are Amazon and Walmart.
The number one reason for the failure of new business is taking too many risks. Therefore, option (D) is correct.
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