dilly farm supply is located in a small town in the rural west. data regarding the store's operations follow: sales are budgeted at $293,000 for november, $313,000 for december, and $213,000 for january. collections are expected to be 65% in the month of sale and 35% in the month following the sale. the cost of goods sold is 80% of sales. the company desires to have an ending merchandise inventory at the end of each month equal to 70% of the next month's cost of goods sold. payment for merchandise is made in the month following the purchase. other monthly expenses to be paid in cash are $21,400. monthly depreciation is $22,500. ignore taxes. balance sheet october 31 assets cash $ 26,500 accounts receivable 78,500 merchandise inventory 182,900 property, plant and equipment, net of $624,000 accumulated depreciation 1,007,000 total assets $ 1,294,900 liabilities and stockholders' equity accounts payable $ 239,000 common stock 743,000 retained earnings 312,900 total liabilities and stockholders' equity $ 1,294,900 account payable at the end of december would be:

a) The firm's profit-maximizing level of output is 20 units.

b)  The firm will earn a profit of $300.

c) There will be 6 firms in the market.

d)  The market price in the long run will be equal to the minimum ATC at Q = 10.

a. To determine the firm's profit-maximizing level of output, we need to find the quantity at which marginal cost (MC) equals the market price (P). In this case, the market price is $50.

Setting MC equal to P:

10 + 2Q = 50

Solving for Q:

2Q = 40

Q = 20

Therefore, the firm's profit-maximizing level of output is 20 units.

b. To calculate the firm's profit, we need to subtract total cost (TC) from total revenue (TR). Total revenue is the product of the market price (P) and the quantity sold (Q).

Total revenue (TR) = P * Q = $50 * 20 = $1000

Total cost (TC) = 100 + 10Q + Q^2 = 100 + 10(20) + (20)^2 = 100 + 200 + 400 = $700

Profit = TR - TC = $1000 - $700 = $300

Therefore, the firm will earn a profit of $300.

c. To determine the number of firms in the market, we need to find the quantity at which the total quantity supplied by all firms equals the market demand. In this case, the industry demand is given as Q = 270 - P.

Setting industry demand equal to the total quantity supplied:

270 - P = Q

270 - P = 20N (where N represents the number of firms)

Solving for N:

20N = 270 - 20N (since Q = 20N)

40N = 270

N = 6.75

Since the number of firms must be a whole number, we round down to the nearest whole number.

Therefore, there will be 6 firms in the market.

d. In the long run, in a perfectly competitive market, economic profits attract new firms to enter the market, leading to an increase in supply and downward pressure on prices. In the long run, firms will continue to enter the market until economic profits are eliminated and firms earn only normal profits.

At the long-run equilibrium, the market price will equal the minimum average total cost (ATC) of firms. From the information given, we know that the minimum ATC occurs at Q = 10.

Therefore, the market price in the long run will be equal to the minimum ATC at Q = 10.

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Answer: According to USPS FAQ, The general time standard is typically 2-9 days in the 48 contiguous states. Package Services is not a guaranteed service; delivery by a certain date or time is not available.

Answer:

Hello There!!

Explanation:

I think the answer is c.PMI because that is the only option which best fits into the sentence.

hope this helps,have a great day!!

~Pinky~

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C. PMI

The depth of the container is 5 cm as the volume of a cube with 5 cm edge length is 125 cm³.


The given volume of the container is 125 cm³. We know that the volume of a cube is given by the formula V = s³, where s is the length of the cube. Therefore, we can use the formula to find the edge length of the container: V = s³ 125 = s³
Taking the cube root of both sides to solve for s, we have s = 5.

Therefore, the length of an edge of the container is 5 cm. Since the container is a cube, all three sides are of equal length. Therefore, the depth of the container is also 5 cm. Hence, the depth of the container is 5 cm.

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A mission statement can help Donna with her new business by providing clarity and direction for her venture. It serves as a guiding statement that outlines the purpose, values, and goals of the business.

It helps Donna align her decisions, actions, and strategies with the overall mission, facilitating focus and consistency in her business operations. A mission statement is a concise statement that articulates the purpose and core values of a business. It outlines what the business aims to achieve and how it intends to operate. For Donna, having a mission statement for her new business can provide several benefits.

Firstly, it helps Donna define the purpose and direction of her business. It clarifies the reason for starting the business and what it aims to accomplish, providing a sense of focus and clarity.

Secondly, a mission statement helps Donna communicate her business's values and principles to stakeholders, including employees, customers, and investors. It sets the foundation for building a strong company culture and aligning everyone's efforts toward a common goal.

Lastly, a mission statement can serve as a guide for decision-making and strategy development. When faced with choices or challenges, Donna can refer to her mission statement to ensure that her actions align with the overall purpose and values of her business.

A mission statement plays a crucial role in helping Donna with her new business by providing clarity, guiding decision-making, and aligning stakeholders toward a common vision.

In conclusion, a mission statement can significantly benefit Donna in her new business. It provides clarity and direction, communicates values to stakeholders, and guides decision-making and strategy development. By establishing a mission statement, Donna can effectively define her business's purpose and goals, foster a strong company culture, and make informed decisions that align with her business's overall mission. This helps create a solid foundation for success and growth in her new venture.

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Answer:

C.Land,labor & capital

Together, An and Bo form a partnership. They invest in real estate and then refurbish it before renting or selling it to others. Following is the required information.

a. Two features of public sector organizations.

b. Two advantages of being in a partnership :

Two disadvantages of being in a partnership :

c. Two benefits to An and Bo of expanding their businesses :

d. The partners shouldn't form a private limited business since partnerships have more benefits than private limited companies, including easier establishment and reduced costs.

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DEBIT TO ALLOWANCE for Doubtful Accounts and a credit to Accounts Receivable.

===========================================

When a specific customer's account is identified as uncollectible, it is written off against the balance in the allowance for bad debts account.

HOPE IT HELP

STAY SAFE

STUDY HARD

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Debit to allowance for Doubtful Accounts and a credit to Accounts Receivable.

The inflation rate for 2014, when given the consumer price index , would be C. 44 percent .

When given the Consumer Price Index of a target year and a base year, the inflation rate can be calculated by the formula :

= Change in Consumer price index for target year / Consumer price index of previous year x 100 %

The inflation rate for 2014 is therefore :

= ( 180 - 125 ) / 125 x 100 %

= 55 / 125 x 100 %

= 44 %

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Answer:

The interest rate is 11%

Explanation:

The loan amount = $50000

Interest amount = $5500

Since the annual interest amount and the principal amount is given so we have to find the interest rate by using the given information. Below is the formula to find the interest rate.

Let the interest rate = x

Principal × interest rate = Interest amount

$50000 × r = $5500

r  = $5500 / $50000

r = 0.11 or 11%

The interest rate is 11%

One way that technology can improve the production of goods is : ( C ) Automation can create goods more cheaply and easily

Automation is the creation and application of technologies to the process of production and distribution of goods and services with minimal or no human intervention. Automation makes the creation of goods easier and with less cost.

Hence we can conclude that One way that technology can improve the production of goods is Automation can create goods more cheaply and easily.

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According to the chapter in The Handbook on the Economics of Sport, if small market teams are purchased by wealthy individuals solely interested in winning and treating the team as a consumption good, it would likely have a negative impact on competitive balance in the NFL.

The concept of competitive balance refers to the relative equality in the competitive strength of teams within a sports league. When wealthy individuals purchase small market teams with the sole objective of winning, they may inject substantial financial resources into the team, creating an imbalance in resources compared to other teams. This can lead to increased disparities in player salaries, recruitment capabilities, and overall team performance.

Consequently, the competitive balance within the NFL could be disrupted, with the wealthier teams having a significant advantage over the smaller market teams. This potential imbalance can affect the overall competitiveness and fairness of the league, potentially diminishing the entertainment value for fans and undermining the integrity of the competition.

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When a manufacturer combines fabric, buttons, and zippers to create clothing, it creates form utility.

Form utility refers to the value added to a product or service by transforming raw materials or components into a finished product that meets the needs of customers. By combining the individual components of fabric, buttons, and zippers into a finished garment, the manufacturer is creating a new product that has a higher value and utility to the customer than the individual components alone. This added value is known as form utility, which is one of the four types of utility that businesses seek to provide to customers. The other types of utility include time utility, place utility, and possession utility.

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The method you would adopt to price materials into production:

i) In a period of rapidly increasing prices of the material is price penetration

ii). in a period of rapidly reducing prices of the material is price skimming

Pricing Methods are the ways in which the price of goods and services are determined. It is computed from all factors such as the resources and materials used for production.

In a period of rapidly increasing prices of the material you maintain a low price because of competitive market and then raise the price later. It called penetration price

In a period of rapidly reducing prices of the material use price skimming where you maintain your high price of selling and lower it as the market evolves.

Therefore, different pricing strategy works for different period and market season.

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Answer:

They have a negative cash flow.

Explanation:

Because their net operating activities is not breaking even, in other words, they are losing money.

Answer:

The color of the home.

Explanation:

All other options affect your insurance rates.

The color of the home will not affect your homeowners insurance premium. Option (c) is correct.

The spot where a specific point or object is found is called its location. Geographically speaking, location is a key concept and is typically regarded as being more specific than "place." A locale is a place where people live, such as a city, town, hamlet, or even an ancient location.

You pay a premium when you purchase an insurance policy. Your recurring payments for many popular insurance products, such as life, car, business, homeowners, and renters, are known as premiums. Your policy could be cancelled if you don't pay your premiums.

The total amount paid to an insurer for insurance is referred to as a premium. A fire service levy, an emergency service levy, and GST might be included. It excludes any amount of duty or a charge paid to an intermediary. When it is received by the insurer, broker, or agent, a premium is considered paid.

Therefore, Option (c) is correct. The color of the home.

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Notes payable and Accounts payable are both used to represent the obligations that a company has to an entity. They are however different in certain ways such as:

The following are differences between notes payable and accounts payable:

In conclusion, notes payables and accounts payables have several differences.

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The establishment/items that can ave a single owner includes:

This refers to any form of establishment that can be owned and operated by a natural person.

Therefore, in the list, the Sole proprietorship, Private corporation and Non-profit corporation are establishment that can have a single owner.

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Answer:

C. typical, because most door-to-door salespeople are self-employed.

Explanation:

Army-Jo can be classified as a small scale retailer. It is normal for entrepreneurs with businesses with the same classification to conduct door-to-door by themselves.

A majority of salespersons who do-to door sales are self-employed. As a business doing do-to-door selling is much profitable because of reasons such as

Answer:

its D

Explanation:

:P

Answer:

The advantage of applying an intensive distribution strategy is in generating revenue, product awareness and pushing for impulse buying.

As more products are sold, more money is earned.

As more locations carry the products, the more opportunities there are for manufacturers to make profit.

Explanation:

hope this helps

Answer:

Records Shipments in and shipments out, Locates products in the warehouse.

Answer:tracks inventory

Explanation:

Answer:

a. increase in supply.

Explanation:

Production, supply, the pattern of consumption, and market price all interrelate with each other. One major challenge associated with forecasting prices using the relationship between demand and pattern of supply is the complexity of quantifying demand. Supply can be accurately calculated to some degree, based on production or stock figure.  There may be several exceptional cases, however, in most cases, the supply can be assessed when compared with the quantity demanded.

Answer:

I don't understand what the question is supposed to be?

With in an economy, there are three main groups of agents, Producers, Consumers.

The world has a countless number of economies, each with a unique quality and identity. On a wide scale, though, you can still group them according to shared traits. Economic systems can be broadly categorized into four groups: traditional, command, market, and mixed.

Each person has a unique quality and identity on a global scale. On a wide scale, you can nonetheless categorize them using traits that they have in common. Economic systems can be categorized as either Traditional Economy, Command Economy, Market Economy, or Mixed Economy.

Agribusiness, fishing, and hunting are the mainstays of this economic structure. Traditional values and ideals serve as the foundation of these economies. Based on the work that people do, commodities and services are produced.

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Budget gives business people a range of limited money to work with, meaning that they only have so much and no space for bad decisions. Bad decisions will then influence their way of understanding of limit and learn from it. This then pushes business people to make better decisions. Better decisions help them make more profit, increasing their budget.

Answer:

A.

They ensure that people and businesses can buy what they need.

Explanation:

Borrowing involves requesting and receiving a huge sum of money in a lump sum. Households and firms borrow from lenders to finance business expansion or domestic consumption.

In the economy, borrowing is significant as it facilitates the acquisition of start-up capital, capital goods, and household developments. Without borrowing and lending, these investments and consumption would not be possible as they require large sums of money to initialize. If firms and households depended on savings for capital and consumption expenditure, the rate of economic growth would be very slow. It would take many years to achieve the substantial amount needed for expansion and development projects.

Answer:

A. They ensure that people and businesses can buy what they need.

Hope this helps!

Explanation:

Answer: C

Explanation:

You welcome.

The minimum amount of money he must take home every month to avoid being in danger of credit overload is $2430. This is further explained below.

Generally,  The information provided in the question indicates that Jose's monthly expenditures total at least $486 ($436 for the payment on the auto loan and $50 for the monthly payment on the credit card). It is important to include certain additional costs relating to the residence, such as food, which when added together result in $2430; hence, it is the response that is right.

In conclusion, The bare minimum amount of cash that he needs to bring home each month in order to minimize the risk of having an excessive amount of debt is $2,430.

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A distinguishing feature of a mortgage broker is that they act as facilitators to arrange loans between borrowers and lenders.

They connect borrowers with appropriate lenders and assist in the loan application and approval process. Unlike traditional lenders such as banks or credit unions, mortgage brokers do not lend their own money. Instead, they serve as intermediaries between borrowers and lenders. Mortgage brokers have access to a network of lenders and work on behalf of the borrowers to find suitable loan options that match their needs and financial situation.

The role of a mortgage broker involves gathering relevant financial information from borrowers, including credit history and income documentation. They analyze this information to assess the borrower's eligibility and determine the loan options that may be available to them.

Once the borrower's information is gathered, the mortgage broker works to find lenders willing to offer loans to the borrower. They negotiate terms, interest rates, and loan conditions on behalf of the borrower. This includes comparing different loan offers from various lenders to find the most favorable terms.

Overall, the distinguishing feature of a mortgage broker is their role as intermediaries, connecting borrowers with lenders and assisting in the loan arrangement process. They provide personalized guidance and help borrowers navigate the complexities of obtaining a mortgage, ensuring that they find the most suitable loan option for their specific needs.

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Answer:

Corey’s adjusted gross income is $25,300  and his total tax due will be decreased by the credit.

Explanation:

Add what Cory earned and his capital gain to make $25,300

Cory claimed the lifetime learning credit which decreases his total tax due