A perfectly competitive firm operating in the short run producing 100 units of output has ATC = $6 and AFC = $2. The market price is $3 and is equal to MC. In order to maximize profits (or minimize losses), this firm should:
A) increase output.
B) reduce output, but continue to produce a positive amount of output.
C) shut down.
D) do nothing; the firm is already maximizing profits.

Answers

Answer 1

In this case P < AVC for which the firm should shutdown. Thus, option C is correct.

What is an perfectly competitive firm?

A market that allows for effortless entry by a firm selling the same product is one that is perfectly competitive. Through examples like farming and online businesses, you can learn the definition and characteristics of a perfectly competitive market.

A market that is perfectly competitive is one in which all businesses are selling the same good and where there are no barriers to entry or exit. In the previous example, if you wanted to enter a perfectly competitive market and start your own business, you would need to sell a product that is identical to what other companies are already selling. This would make it easier for you to do so.

It will produce in the short term only if P > AVC otherwise it will shutdown if P < AVC.

AVC = ATC - AFC

= 6 - 2

= $4

$3 < $4

As P < AVC, thus it will shutdown.

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Related Questions

Thomson Trucking has $24 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 18%, and its return on assets (ROA) is 7.25%. What is its times-interest-earned (TIE) ratio? Round your answer to two decimal places.

Answers

If Thomson Trucking has $24 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 18%, and its return on assets (ROA) is 7.25%. Its times-interest-earned (TIE) ratio is;  9.96.

How to find the times-interest-earned (TIE) ratio?

The formula for calculating this is:

Interest Expense = Taxable Income x Tax Rate

Taxable Income can be calculated as:

Taxable Income = Assets x ROA

So, substituting the values:

Taxable Income = $24 billion x 7.25% = $1.74 billion

Interest Expense = $1.74 billion x 25% = $435 million

Next, the TIE ratio can be calculated as:

TIE Ratio = Earnings Before Interest and Taxes (EBIT) / Interest Expense

EBIT can be calculated as:

EBIT = Assets x BEP

So, substituting the values:

EBIT = $24 billion x 18% = $4.32 billion

TIE Ratio = $4.32 billion / $435 million = 9.96

Therefore  Thomson Trucking's TIE ratio is 9.96.

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True or False, under a decentralized management style, more control is given to those managers who are closest to the business operations of the foreign subsidiaries.

Answers

Under a decentralized management style, more control is given to those managers who are closest to the business operations of the foreign subsidiaries. The given statement is true.

What are the benefits of a decentralized management structure?

Increased expertise within each division, quicker decision-making, better time management at the top management levels, and increased division manager motivation are all benefits of decentralized organizations.

In a decentralized management structure, managers who are closest to the foreign subsidiaries' operational business processes are given more authority.

Thus, the mentioned above-given statement is true.

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identify the examples for instances of total product experience. (check all that apply.) multiple select question. a manufacturing unit providing cars to a licensed seller with no additional support or service a pharmacy sells prescribed medicines a car dealership offering vehicle maintenance and servicing, while purchasing a new vehicle such as a car or a bike a hospital provides diagnostic and treatment services as well as supplying/selling medicines

Answers

The examples of total product experience are:

A car dealership offering vehicle maintenance and servicing, while purchasing a new vehicle such as a car or a bikeA hospital provides diagnostic and treatment services as well as supplying/selling medicines

Total product experiences refers to the combination of criticaal part of a customer journey that focuses on a person's experiences with the product he purchased. Total product experiences combines the events, memories, and sensations occurs before, during, and after a person doing his purchase.

Total product experiences mixes the core business of a brand, either services or goods, with another services or goods, hence the customer can fullfil his needs directly at the same time.

Total product experiences has 4 principles on its implication:

Multisensory perceptionTop-down effectConsumer-product interactionsUnconscious influences

A customer has to perceive all products he received by using all of his sensory systems. Ideas, expectaions, informations, emotions are importan on afffecting the customer's perception of the products. The interactions between a costumers and a products should occurs in wider spectrum. Informations and sensory perceptions should influence more than conscious and volition available information to customers.

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management accounting, as defined by the ima, uses the expertise of the management accountant to multiple choice implement an organization's strategy. implement a tactic of customer value and shareholder value. improve quality and reduce manufacturing cost. improve business performance and the life cycle of operations.

Answers

Management accounting plays a crucial role in helping organizations achieve their goals by using accounting expertise to improve business performance, reduce costs, and increase customer and shareholder value.

Management accounting is a crucial aspect of business operations that involves using accounting principles and techniques to help managers make informed decisions that drive organizational success.

One key aspect of management accounting is cost analysis. Cost analysis involves examining the costs associated with producing a product or providing a service, and then using this information to determine the most efficient and cost-effective ways to produce and deliver the product or service.

Another important aspect of management accounting is budgeting and forecasting. Budgeting involves setting financial targets and determining how much money will be needed to achieve these targets.

Forecasting involves predicting future financial performance based on past trends and current information.

These two processes help managers make informed decisions about how to allocate resources and make investments that will improve the organization's bottom line.

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find the longest interval on which marginal revenue exceeds marginal cost. (hint: sketch the graphs of mr and mc on the same set of axes.)

Answers


To find the longest interval on which marginal revenue exceeds marginal cost, you need to sketch the graphs of marginal revenue (MR) and marginal cost (MC) on the same set of axes. The longest interval on which MR exceeds MC will be the area between the two curves.

substance form over form is an accounting principle used to ensure financial statements give a complete, relevant, and accurate picture of transactions and events. substance over form is critical for reliable financial reporting. it is particularly relevant in cases of revenue recognition, sale, and purchase agreements.

Answers

In accounting terms, the substance over form principle states that transactions should be recorded based on their economic substance, and not just their legal form.

Substance over form is an important accounting principle that ensures the financial statements give a true and fair view of a company's transactions and events.

Let's take an example to understand the concept of substance over form. Let's say a company enters into a contract to sell goods for $100, but due to a financial constraint, the company agrees to receive payment in installments over a period of time.

The revenue from this transaction should be recognized as soon as the goods are sold, even though the payment has not yet been received in full.

The principle is used to prevent companies from using accounting tricks to manipulate their financial statements and give a misleading picture of their financial performance. This is why it is critical to adhere to the principle of substance over form when preparing financial statements and recognizing revenue.

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on january 5, 2021, arby incorporated, paid $100,000 for a 30% interest in hafton corporation. this investee had assets with a book value of $550,000 and liabilities of $300,000. a patent held by hafton having a book value of $10,000 was actually worth $40,000 with a six-year remaining life. any goodwill associated with this acquisition is considered to have an indefinite life. during 2021, hafton reported net income of $50,000 and paid dividends of $20,000 while in 2022 it reported net income of $75,000 and dividends of $30,000. assume arby has the ability to significantly influence the operations of hafton. arby's equity earnings from hafton for 2021, is

Answers

For 2021, Arby's equity earnings from Hafton would be determined as follows: Determine Arby's portion of Hafton's net profits first: $50,000 multiplied by Arby's ownership interest of 30% results in $15,000, After that, deduct the dividends from Hafton: Arby's net income of $15,000 less the dividends she received of $20,000 is a net loss of $5,000.

The part of Hafton's net income that is attributable to Arby's ownership interest is referred to as Arby's equity earnings from Hafton. For Arby to calculate the return on its investment in Hafton and assess the performance of its investment over time, this information is crucial. Arby effectively became a stakeholder in Hafton on January 5, 2021, when it acquired a 30% stake in the company. As a result, it is now eligible to receive a share of Hafton's dividends and net profits. Arby can fully understand its return on investment because the equity earnings computation includes both net income and dividends earned.

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A regional fast food chain called Platters is interested in opening a restaurant in a new market. The company plans to hire the services of a firm to collect the data needed to expand into the new market. In such a scenario, which of the following firm's services would it hire? a. A marketing research firm to conduct surveys to understand the potential market b. An advertising agency to create innovative ads c. A consultant to create message strategies and message themes d. Media organizations for placing ads in broadcast and print media to create awareness for the restaurant

Answers

A marketing research firm to conduct surveys to understand the potential market. So option a is correct.

Market research, often known as marketing research, refers to a variety of strategies used to gather data and comprehend a company's target market. Businesses utilise this data to create better products, enhance the user experience, and create marketing plans that generate high-quality leads and increase conversion rates.

Making note of the most current data released on a certain topic after doing an online search on it is an example of market research.

Quantitative research is the best option to gauge opinions. Qualitative research is the greatest option if you want a thorough grasp of perceptions that show conscious, or even unconscious, ways people think about and arrive at conclusions about a subject.

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You own Company X. When you started the company, you initially invested $12,000. You also borrowed $12,000 through a five-year (long-term) loan, of which you have paid back $2,018. You have retained $1,291 in earnings to be reinvested in the company, and you decided to put $1,000 of it aside for a long-term investment. The company owns land and a building worth $8,878 and equipment worth $4,230. As of today, the company has $8,250 in cash, $1,225 in inventory, and is due to receive accounts worth $675. However, the company owes its suppliers $485 and has a $500 loan to pay off in the next six months.​

Answers

The current asset is $10,150, the total long term asset is $13108, the total current liabilities is $985, the long term liabilities is $9982 and the total equity is $12273

What is the net worth of the company

The current assets of the company include $8,250 in cash, $1,225 in inventory, and $675 in accounts receivable, which total $10,150.

The current liabilities of the company include $485 owed to suppliers and a $500 loan to be paid off in the next six months, which total $985.

The owner's equity is equal to the initial investment of $12,000 plus the amount retained from earnings of $1,291, minus the amount paid back on the long-term loan of $2,018, plus the amount put aside for long-term investment of $1,000, which total $12,273.

The net worth of the company is the sum of the owner's equity and the value of the company's assets (land, building, and equipment), which is $12,273 + $8,878 + $4,230 = $25,381.

a.

The current assets of the company are:

$8,250 in cash$1,225 in inventory$675 in accounts receivable

The current assets total $10,150.

b.

The long-term assets of the company are:

Land and building worth $8,878Equipment worth $4,230

The total long-term assets of the company are $8,878 + $4,230 = $13,108.

c.

The current liabilities of the company are:

$485 owed to suppliers$500 loan to be paid off in the next six months

The total current liabilities of the company are $485 + $500 = $985.

d.

The long-term liability of the company is the five-year loan of $12,000, of which $2,018 has been paid back, leaving a remaining balance of $12,000 - $2,018 = $9,982.

e.

The total equity of Company X is $12,000 (initial investment) + $1,291 (retained earnings) - $2,018 (repaid long-term loan) + $1,000 (long-term investment) = $12,273.

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which of the following is false about unilever at the beginning of the case? group of answer choices there are good reasons to believe that macroeconomic factors in the northeast of the country are favorable unilever offers both premium and economy brands in the detergent category. p

Answers

A) There are good reasons to believe that macroeconomic factors in the northeast of the country are favorable is false about Unilever at the beginning of the case.(a)

The statement that Unilever offers both premium and economy brands in the detergent category is false. Unilever offers a range of premium and economy detergent brands, but they focus on premium brands.

The company generally sells its premium brands at a higher price point than the economy brands. This is to ensure that the company maintains its position as a premium brand in the market.

The company also uses a variety of marketing techniques to promote its premium brands and ensure that customers are aware of their benefits. Unilever also invests heavily in research and development to ensure that its products are of the highest quality.

This helps to maintain its reputation as a premium brand and allows it to charge higher prices for its products.

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Edna, who runs a flower shop, sells Jim a shotgun. Jim is unemployed, and Edna has never before sold a firearm in her life. Which of the following is true?
a. Article 2 of the UCC applies because Edna is a merchant.
b. Article 2 of the UCC applies because a shotgun is a personal property.
c. Article 2 of the UCC does not apply because Edna is not a merchant with respect to shotguns.
d. Article 2 of the UCC does not apply because Jim is not a merchant.

Answers

Due to the fact that Edna is not a merchant in relation to shotguns, Article 2 of the UCC doesn't really apply.

What do the UCC's Articles 2 and 2A mean?

Section 2 of the UCC addresses the sale of goods. Both sale and goods have precise definitions. In Article 2A of the UCC, the topic of renting goods is covered. The UCC acknowledges that the terms "lease" as well as "finance leases" have different meanings.

What is the main topic of Article 2?

The Executive Branch as well as the positions of the Vice President and the President are described in Article II. It establishes criteria for the President's election (via the Electoral College), qualification (must be a citizen by birth and at least 35 years old), as well as term limits.

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Changes in notes payables are included in the blank section of the accounting statement of cash flows.

Answers

Changes in notes payable are included in the financing section of the accounting statement of cash flows.

The long-term liabilities known as notes payable can be used to show the financiers how much money a company owes them. Because they indicate a source or use of cash in financing a company's operations, changes in notes payable are included in the financing section of the accounting statement of cash flows.

All transactions that affect a company's long-term debt, such as the issuance or repayment of loans or other kinds of credit, are included in the finance section of the statement of cash flows. Changes in financing and therefore cash position is reported in the financing part of the statement of cash flows whenever a firm incurs a new note payable or repays an existing note payable.

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to become licensed as a nonresident producer in this state, a producer must do which of the following?

Answers

To  become licensed as a non-resident producer in this state, a producer must maintain the required levels of capital and surplus.

What is capital?

Anything that provides value or benefit to its owners, such as a factory and its equipment, intellectual property like patents, or the financial assets of a company or an individual, can be referred to as capital.

While money in and of itself can be considered capital, the term capital is typically used to refer to money that is being used for investments or productive purposes. To run a business day-to-day and finance its future expansion, capital is, in general, a crucial element.

Businesses of all stripes typically concentrate on three types of capital when developing budgets: working capital, equity capital, and debt capital. Trading capital is a fourth component, according to a company in the financial sector.

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Suppose that a new machine tool having a useful life of only one year costs $80,000. Suppose, also, that the net additional revenue resulting from buying this tool is expected to be S100.000. The expected rate of return on this tool is Select one: a. 20 percent b. 25 percent c. 75 percent. d. 10 percent.

Answers

The expected rate of return on this tool is 25 percent.

The expected rate of return on this tool is 25 percent. This is calculated by taking the net additional revenue resulting from the purchase of the tool ($100,000) and dividing it by the cost of the tool ($80,000).

This works out to $100,000 / $80,000 = 1.25, which can be expressed as a percentage (25%) as the value of 1.25 is equivalent to 25%.The return rate is a measure of the performance of an investment and can be used to compare the performance of different investments.

The rate of return is important as it provides an indication of the expected return on investment and allows investors to make informed decisions about how to allocate their resources.

In this case, the expected return rate of 25% is attractive, given the relatively low cost of the tool and the potential for significant additional revenue.

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The term data warehousing is used to refer to the process of doing all of the following, except the data. Mining Storing Capturing Maintaining

Answers

The term data warehousing is used to refer to the process of doing all of the following, except the data Mining. Hence, option A is correct.

What is data mining?

Finding anomalies, trends, and correlations within huge data sets in order to forecast outcomes is known as data mining. You may use this information to lower risks, improve customer connections, raise profits, and more by employing a variety of strategies.

Data mining is the act of examining large amounts of data to look for patterns, identify trends, and develop understanding on how to use the data. These results can then be used by data miners to anticipate outcomes or make judgments.

Thus, option A is correct.

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the manager of a high-end clothing store would like to hire a salesperson who will bring in a lot of customers and increase sales. the person should be friendly, interested in people, and able to remember many clients by face and name. the manager should look for

Answers

A salesperson with an agricultural mindset is more likely to concentrate on upselling to current clients by fostering long-lasting relationships.

A person whose business it is to sell goods or services is referred to as a seller. the cellar is a less frequent plural form of the word. Salesperson is another title for a salesperson (or salesperson). An individual who sells products or services is a seller. Someone who sells cars is an illustration of a seller. salesman. a somebody who sells goods or services. A competent salesperson ought to provide their clients with more than just an enticing sales talk. He is an upbeat and tenacious individual who recognizes the requirements of his clients, demonstrates empathy, and spends the time to confidently pitch his goods.

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Which 2 statements about Location tracking in QuickBooks Online are true?

The Location can be added to a Bill Payment
The Location can be filtered on the Receive payment screen
The Location can be filtered on the Pay bills screen
The Location can be selected on each row of an invoice
The Location can be selected on each row of a journal entry

Answers

The statements about Location tracking in QuickBooks Online are true are The Location can be selected on each row of a journal entry and The Location can be filtered on the Pay bills screen. Thus, option 2nd and 5th are correct.

What can the location tracking feature do?

There are a few examples of how location sharing applications and features benefit our daily lives: Assist you in tracking down and recovering lost or stolen smart gadgets. When you phone 911, you are giving emergency responders your location. Allow you to avoid traffic.

The assertions concerning QuickBooks Online's location tracking are correct. On each row of a journal entry, the Location may be selected, and the Location can be filtered on the Pay bills screen. As a result, options 2nd and 5th are accurate.

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Which of the following are three approaches that strategic leaders rely on to formulate and implement strategy?
strategic planning
strategy as planned emergence
scenario planning

Answers

Three approaches that strategic leaders rely on to formulate and implement strategy are Strategic planning, strategy as planned emergence, and scenario planning.

What is strategic planning?

Strategic planning is the process through which an organization's executives outline their vision for the future and determine the aims and objectives of their company.

The process involves determining the order in which those objectives should be achieved so that the organization may achieve its stated vision.

Strategic planning, strategy as planned emergence, and scenario planning are three methodologies used by strategic leaders to develop and implement strategies.

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The following is the balance sheet for Cricetinae Federal Bank which is one of many banks in Hamsterville. The reserve requirement in Hamsterville is 10%.
How much in new loans can this bank make?

Answers

Given the reserve requirement of 10% in Hamsterville, Cricetinae Federal Bank can make new loans in the amount of $90,000 if it keeps no excess reserves.

This amount can be calculated by taking the amount of the deposit and multiplying it by the reserve ratio of 10%. For example, if the bank receives a deposit of $100,000, then the new loan amount it can make is $90,000.

By keeping the reserve requirement at 10%, banks are able to maximize the amount of new loans they can make, as the amount of new loans is limited by the amount of reserves they have on hand. This allows banks to continue to lend to businesses and individuals, helping to stimulate economic growth and development. Additionally, this requirement helps to ensure that banks remain solvent and able to meet their obligations even in times of financial distress.

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A ______ is the clear, broad, underlying industry category or market sector of an organization's offering.Business

Answers

A business is clear, broad, underlying industry category or the market sector of organization's offering.

What is market sector?

The market sector, a component of the economy, typically consists of several industries. One market sector could include two industries. In order to organize firm stocks that are trading in direct rivalry with one another, the major stock markets throughout the world as well as the majority of its smaller ones, are divided into market sectors. The term "market sector" is used to describe the type of issuer, such as a company, utility, government, or state, when discussing the bond markets. In marketing, market segments are portions of the mass market that can be particularly targeted by advertising campaigns. For instance, a large research firm's analyst might just focus on companies that manufacture medical devices, pharmaceuticals, and biotechnology, or the healthcare industry as a whole.

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j. jackson invested $1,000 in his business in exchange for common stock. show how to use t-accounts to record this transaction by selecting the correct answer below.

Answers

If j. jackson invested $1,000 in his business in exchange for common stock.  how to use t-accounts to record this transaction is: Debit cash; credit common stock.

What is journal entry?

Journal entry is often used by companies to record or post their day to day business transactions.

The appropriate journal entry to record this transaction assuming j. jackson invested $1,000 in his business in exchange for common stock is:

Debit: Cash $1,000

Credit: Common Stock $1,000

Therefore how to use t-accounts to record this transaction is: Debit cash; credit common stock.

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Beginning accounts receivable is $20,000, and ending accounts receivable is $15,000. As a result, cash collected from customers is ______ than sales on account.

Answers

Beginning accounts receivable is $20,000, and ending accounts receivable is $15,000. As a result, cash collected from customers is less than sales on account.

Accounts Receivable refers to the money that a company is owed by its customers for goods or services that have been sold but not yet paid for. It is an asset account that represents the amount of money that the company expects to receive from its customers in the near future. This money is considered a short-term asset because it is expected to be collected within a year.

Accounts Receivable is an important component of a company's balance sheet and is used to track and manage the company's customer transactions. Companies typically use invoicing and billing to keep track of the amounts owed by their customers and to follow up on overdue payments. They also use various methods, such as credit checks and customer credit limits, to minimize the risk of non-payment.

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logan company manufactures cell phones and laptop computers in a single plant. which of the following statements is true assuming cell phones as the cost object? answer the cost of wages paid to plant maintence workers is an indirect manufacturing cost. the cost of plant insurance is a direct manufacturing cost. the cost of wages paid to the cell phone assembly-line workers is an indirect manufacturing cost. the cost of metal used to make the cell phones is an indirect materials cost.

Answers

The following option that is true assuming cell phones as the cost object is D. the cost of wages paid to plant maintenance workers is an indirect manufacturing cost.

In economic and business, A cost object generally can be defined as a term used primarily in cost accounting to describe something to which costs are assigned. There are several examples of cost objects, such as product lines, geographic territories, customers, departments or anything else for which management would like to quantify cost. In the financial accounting, cost object represent that any part of a business for which costs are being separately assigned, measured, accumulated and monitored.

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between the years 2020 and 2060, the non-hispanic white portion of the u.s. population is expected to O double
O Increase
O remain unchanged
O decrease

Answers

Between the years 2020 and 2060, the non-hispanic white portion of the u.s. population is expected to  decrease.

What is the cause of a decrease in population in the white race in USA?

There is no single cause for a decrease in the white population in the US. Some factors that may contribute to this include: aging of the population, lower birth rates, and migration to other countries or regions.

Additionally, changes in social attitudes and practices, such as increased acceptance of interracial relationships and declining stigma against mixed-race families, may also play a role.

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Profit maximization may not lead to the highest possible share price because (check all correct)
[]customers will get upset.
[]Profits do not necessarily result in cash flows available to stockholders. There is a difference in accounting values and cash flows.
[]Timing is important—the receipt of funds sooner rather than later is preferred. Time is money!
[]Profit maximization fails to account for risk – extremely profitable opportunities may be too risky.

Answers

The Answer specifies that options B), C), and D) are accurate.

How do profit and loss work?

A loss and profit statement is a type of financial report that details how much money your company has made and spent over a certain period of time. The term comes from the fact that it also displays if you earned a profit or loss during that period. A P&L or a financial statements are other names for a profits and losses statement.

What are revenue vs. profit?

Profit refers to net income after subtracting expenditures from earnings, whereas revenue refers to income gained via company activities. Sales, fee-based revenue, and property-based income are just a few of the several ways that money might come in.

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The Complete Question :

Profit maximization may not lead to the highest possible share price because (check all correct)

A. customers will get upset.

B. Profits do not necessarily result in cash flows available to stockholders. There is a difference in accounting values and cash flows.

C. Timing is important—the receipt of funds sooner rather than later is preferred. Time is money!

D. Profit maximization fails to account for risk – extremely profitable opportunities may be too risky.

Which of the following regulatory authorities participated in creating the National Do Not Call Registry? - FTC - SEC - NAIC - BBB FTC (The Federal Trade Commission) - and the Federal Communications Commission (FCC) created the National Do Not Call Registry, allowing consumers to include their telephone numbers on the list to which solicitation calls cannot be made by telemarketers

Answers

The regulatory authorities that participated in creating the national do not call registry is The Federal Communications Commission. The National Do Not Call Registry generally can be defined as a tool that will help ensure that telemarketers respect the privacy of our nation's citizens.

The Federal Communications Commission generally can be defined as an independent agency of the United States federal government that regulates communications. There are several media that regulated by The Federal Communications Commission, there are radio, television, wire, satellite, and cable across the United States. The main function of The Federal Communications Commission is to oversee and regulate these industries.

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a local store owner has noticed a growing inventory in his storage area. realizing that this space could be used more productively, he counts the number of extra boxes of several different items. these counts are given below. construct a histogram for these values using 5 classes using the frequency table. 8,8,10,12,13,15,18,19,20,22,23,27,29,34 provide your answer below: Lower Class Limits Upper Class Limits Frequency
? 13 5
14 19 ?
20 ? 3
? ? ?
32 ? ?

Answers

Lower Class Limits | Upper Class Limits | Frequency

8 13 5

14 19 3

20 25 3

26 31 1

32 34 2

Lower Class Limits: The lower limit of each class in a histogram. This is the starting point of each class range and represents the smallest value that can belong to that class.

Upper Class Limits: The upper limit of each class in a histogram. This is the end point of each class range and represents the largest value that can belong to that class.

Frequency: The number of data points that fall within each class range. It represents the height of each bar in the histogram, indicating how many data points belong to each class.

To create the histogram, we first need to calculate the class width and class limits. Class width is calculated by dividing the range of the data by the number of classes (5).

(34 - 8)/ 5

= 5.2

So class width is 6.

Class limits are calculated by subtracting half of the class width from the lower class limit and adding half of the class width to the upper class limit.

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"A local store owner has noticed a growing inventory in his storage area. realizing that this space could be used more productively, he counts the number of extra boxes of several different items. these counts are given below. construct a histogram for these values using 5 classes using the frequency table.

8, 8, 10, 12, 13, 15, 18, 19, 20, 22, 23, 27, 29, 34

provide your answer below:

Lower Class Limits   Upper Class Limits    Frequency

?                                13                                  5

14                               19                                 ?

20                              ?                                   3

?                                 ?                                   ?

32                               ?                                   ?"

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yesterday, two things happened: mo got a pay raise and the price of orange juice fell. if tomorrow, mo buys more pineapple juice, which of the following cannot be true? A.For Mo, pineapple juice is a normal good and a complement to orange juice b. For Mo, pineapple juice is an interior good and a complement to orange nice c. For Mo, pineapple juice is a normal good and a substitute for orange juice d. For Mo, pineapple juice is an inferior good and a substitute for orange juice Clear my choice

Answers

The right answer is option "D," as it is possible for fruit pulp to be worse given if desire for it rose and with cash. The desire for beverage rose as did the price drop for juice, made it unsuitable substitute.

Is eating pineapple every day healthy?

In addition to tasting great, eating just several pieces of bread of fresh pineapple each day can protect your body from disease and harmful free radicals, aid in digestion by trying to clean the blood and organs, increase energy intake, speed up metabolism, nurtures your hair, skin, nails, and teeth, and keep guest generally healthy.

Are pineapple and banana healthier options?

If you're watching your weight, choose the pineapple. Pineapple has roughly 30% less sugar and less nearly half the nutrients of a banana per gram. Additionally, pineapple has around four times as much vitamin C as a typical cavendish banana.

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the unadjusted trial balance columns of a work sheet total $92,300. the adjustments columns contain entries for the following: office supplies used during the period, $3,900. expiration of prepaid rent, $1,500. accrued salaries expense, $1,300. depreciation expense, $1,600. accrued consulting revenue, $1,200. the adjusted trial balance columns total is:

Answers

The presented statement indicates that the sum of the adjusted trial amount is $96,400.

What is a brief definition of balance in nature?

In nature, balance refers to the interaction of biotic and abiotic elements in a state of equilibrium. Both elements depend on one another in various ways. Therefore, issues with anybody might result in an environment that is out of balance. Any organism that is eliminated from the environment has the risk of having negative effects. Noun The boat shook back and forth, making it difficult for her to maintain her equilibrium. Suddenly losing his equilibrium, the skater collapsed. He collided with another skater and lost his footing.

Total of the adjusted trial balance is $92300 plus $1300, $1600, and $1200.

Consequently, the adjusted trial balance as a whole is $96,400.

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which of the following statements, if any, concerning the preparation of consolidated financial statements is/are correct? i. the consolidating process is carried out on the books of the parent entity. ii. the consolidated financial statements report two or more legal entities as though they are a single economic entity.

Answers

The preparation of consolidated financial statements is carried out on the books of the parent entity and the consolidated financial statements present the financial information of multiple legal entities as if they were a single economic entity.

Consolidated financial statements are a critical aspect of accounting that report the financial performance of multiple legal entities as if they were a single entity.

Statement i. The consolidating process is carried out on the books of the parent entity.

This statement is correct. The parent entity, also known as the holding company, is responsible for the consolidation process. The parent entity consolidates the financial information of the subsidiary companies by eliminating intercompany transactions and balances to present a single economic entity.

Statement ii. The consolidated financial statements report two or more legal entities as though they are a single economic entity.

This statement is also correct. The purpose of consolidated financial statements is to provide stakeholders with a complete picture of the financial health of the parent and subsidiary companies, which helps in decision-making.

In conclusion, both statements i and ii are correct.

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