a 12) In what situation will a firm incur a loss? A) When its average fixed cost is less than the price. B) When its average variable cost is less than the price. C) When its marginal cost exceeds the
Answers
A firm will incur a loss in a situation where its total costs (fixed and variable costs) are greater than its total revenue. Among the options provided, none of them fully capture the conditions for a firm to incur a loss. However, we can still discuss how these cost factors can contribute to a loss situation.
A) When a firm's average fixed cost (AFC) is less than the price, it does not necessarily indicate a loss. Fixed costs do not change with the level of output and only become a smaller portion of the total cost as output increases. To determine a loss, we must also consider average variable costs and the quantity produced.
B) When a firm's average variable cost (AVC) is less than the price, it implies that the firm is covering its variable costs. However, this alone does not guarantee that the firm will not incur a loss. If the sum of AVC and AFC is greater than the price, the firm will still experience a loss.
C) When a firm's marginal cost (MC) exceeds the price, it indicates that producing an additional unit will result in higher costs than the revenue gained from selling that unit. However, this does not necessarily mean that the firm is incurring a loss, as it depends on the total costs and total revenue. A firm may still have a profit from previous units produced and sold where MC was lower than the price.
In conclusion, a firm will incur a loss when its total costs are greater than its total revenue. This can happen due to a combination of fixed costs, variable costs, and marginal costs, but none of the options provided individually guarantee a loss situation. It is essential to examine the relationship between all costs and the firm's revenue to determine if a loss will occur.
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Related Questions
Which selling approach is considered direct and focuses mainly on convincing the buyers that the item is needed?
A. upselling
B. consultative selling
C. relationship selling
D. personal selling
E. traditional selling
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Answer:
Which selling approach is considered direct and focuses mainly on convincing the buyers that the item is needed?
A. upselling
B. consultative selling
C. relationship selling
D. personal selling
E. traditional selling
answer is B
The selling approach that is recognized direct and lays emphasis primarily on persuading the buyers about the need of the item would be:
D). Personal selling.
'Personal selling' is described as the selling approach in which the seller hires salesmen to get their products sold directly to the customers. In this technique, the salesman personally interacts with the consumers and uses his/her communication or other skills to convince them about the quality and the worth of the product. They often practically show the effects of the product to the consumers so that they are persuaded to buy it and they can make a maximum sale.Thus, option D is the correct answer.
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_____________ is when a product is included inside a TV show or movie. A. Product placement B. A commercial C. Promotion D. Institutional advertising Please select the best answer from the choices provided A B C D
Answers
Answer: A. Product placement
For example, when a character drinks a brand of soda, then this is a product placement. Ideally it should be subtle but sometimes it's very obvious.
Accounts Receivable Analysis
A company reports the following:
Sales $1,236,620
Average accounts receivable (net) 56,210
Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year.
a. Accounts receivable turnover fill in the blank 1
b. Number of days' sales in receivables fill in the blank 2 days
Answers
The accounts receivable turnover ratio is a monetary metric that reveals how successfully a company collects receivables from its clients. The ratio counts the number of times receivables are turned into cash over the course of a specific period of time.
The Receivable Turnover Ratio, sometimes referred to as the Debtor's Turnover Ratio, is a financial indicator used to evaluate how successfully a company offers credit and collects debts. Receivables turnover ratio is an activity ratio that evaluates how well a business makes use of its resources.
How is the turnover of accounts receivable determined?Net sales are divided by the average amount of accounts receivable to arrive at the AR Turnover Ratio. Sales on credit, sales returns, and sales allowances are added together to calculate net sales.
a. AR Turnover = Sales / Average Receivables
AR Turnover = $1,236,620 / $56,210
AR Turnover = 22
b. Days sales are due to be paid = 365 / AR Turnover
Days sales are due to be paid = 365 days / 22
Days sales are due to be paid = 16.59 days
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Economic profit equals total revenue minus:a) the cost of resources bought in the market.b) the implicit rental rate.c) the cost of resources owned by the firm.d) the cost of resources supplied by the owner.e) the opportunity cost of production.
Answers
According to the provided choices of alternatives, it may be said that the economic profit is equal to the total revenue less the opportunity cost of production. Therefore, the option E holds true.
The economic profit can be referred to or taken into consideration for general understanding as the surplus generated by the firms by choosing to produce between two or more alternatives generating higher revenues at same or lower costs. This is heavily dependent upon the opportunity costs of the firms. Thus, the significance of what economic profit is has been aforementioned.
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Conducting industry research, "googling" alternative solutions, and interviewing potential customers are all recommended practices for improving your creativity by?.
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A product with sufficient functionality to draw early adopter clients is known as an MVP or Minimum Viable Product.
What is a Minimum Viable Product?The term "minimum viable product," or "MVP," refers to a product with just enough features to draw in early adopters and validate a product concept. In sectors like software, the MVP can assist the product team in gathering customer input as soon as possible so that they can iterate and enhance the product.The MVP is essential to agile development since the agile process is centered on validating and refining products based on user feedback.A minimum viable product (MVP) is the version of a new product that enables a team to gather the most validated learning about customers with the least amount of effort, according to Eric Ries, who popularized the idea as part of his Lean Startup process.To Learn more About MVP refer to:
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Influencers, deciders, and gatekeepers are examples based on segmentation
by.
A. type of organization
B. type of industry
C. location
D. role in the buying center
Answers
If you estimate the basis will be 15 over December futures at the time you purchase corn, the approximate buying price you can lock in by selling a December futures contract at $5.50 is: (a) $5.65 (b) $5.60 (c) $5.35 (d) none of the above
Answers
If you estimate the basis will be 15 over December futures at the time you purchase corn, the approximate buying price you can lock in by selling a December futures contract at $5.50 is $5.65.
What is the Commodity Basis?
The commodity basis is the difference between the local cash price of a commodity and the price of a particular futures contract for the same commodity at any given point in time. The basis is calculated as follows: Basis = Cash Price - Futures Price.
When a farmer or trader agrees to sell a commodity in the future at a price determined by a futures contract, they lock in a price for their commodity. Since the futures price is determined by market forces, the price that the seller of the commodity receives is subject to volatility, and the difference between the price of the commodity when the contract is agreed upon and the price of the commodity when it is sold is determined by the basis.
According to the question,
Basis = Cash Price - Futures Price15
= Cash Price - $5.50Cash Price
= $5.50 + $0.15 = $5.65
Therefore, the correct option is (a) $5.65.
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Question 1 of 10
Any form of money that is commonly accepted to pay for goods in a
transaction is known as a(n)
O A. credit line
B. income
C. debt
D. currency
Answers
Answer:CURRENCY
Explanation:
IM TAKING THE TEST RIGHT NOW I GOTCHU HAVE A WONDERFUL DAY
The correct option is D. Any form of money that is commonly accepted to pay for goods in a transaction is known as a Currency.
Its value derives from the fact that the government of the country issuing it has deemed it "legal tender". In this instance, we agree that the money has worth it because both the government and other parties accept it as payment.
Why are there different currencies?The power of nations to generate money and influence output, prices, or government revenue has been severely constrained over protracted periods of time. Throughout this history, countries have tied their currencies to an international standard.
Money is a form of exchange used to buy and sell goods and services. In a nutshell, it is money that is typically issued by a government and commonly accepted as payment at face value. It comes in the form of coins and paper.
Thus, Money is a form of exchange used to buy and sell goods and services.
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Which quality of accounting information states that the information is verifiable and is not subject to opinion.
Answers
Reliability!
Hope this helps, Good luck! :)
Curtis+invests+$250,000+in+a+bond+recently+issued+by+initech,+inc.+that+pays+9%+interest.+assume+that+curtis's+marginal+tax+rate+is+24%.+what+is+his+after-tax+rate+of+return+from+this+investment?
Answers
The after-tax rate of return takes into account the tax implications of the interest income earned on the bond investment. The rate of return from this investment of Curtis's after-tax is approximately 6.84%.
To calculate Curtis's after-tax rate of return, we need to consider the tax implications on the interest income earned from the bond investment. The interest income is subject to taxation at Curtis's marginal tax rate of 24%.
First, we calculate the annual interest income earned from the bond investment by multiplying the investment amount ($250,000) by the interest rate (9%):
Annual interest income = $250,000 * 9% = $22,500
Next, we calculate the tax on the interest income by multiplying the annual interest income by the marginal tax rate (24%):
Tax on interest income = $22,500 * 24% = $5,400
Finally, we calculate the after-tax rate of return by subtracting the tax on the interest income from the annual interest income and dividing it by the investment amount:
After-tax rate of return = ($22,500 - $5,400) / $250,000 = $17,100 / $250,000 ≈ 6.84%
Therefore, Curtis's after-tax rate of return from this investment is approximately 6.84%. This takes into account the tax implications of the interest income earned on the bond investment.
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If the demand curve shifted more to the right on this graph, which of the following could be the new equilibrium point?
Answers
Answer:
$200
Explanation:
Purchasing Math Quiz
QUESTION 1 of 10: Your beginning inventory was $46,000, your ending inventory is $37,000, your cost of goods sold was $19,000. How
much were your purchases?
Answers
If the cost of goods purchased is $380,000, the beginning inventory is $60,000, and the ending inventory is $50,000, the cost of goods sold is $390,000.
What is cost of goods sold?The carrying value of the items sold during a specific time period is the cost of goods sold. Utilizing one of the several methods, including specific identification, first-in-first-out, or average cost, costs are connected to specific commodities. The formula for cost of goods sold is, in its most basic form: starting inventory + purchases ending inventory = cost of goods sold. You need a clear and consistent method for valuing your inventory and accounting for your costs, though, in order for this to actually operate in practise. The costs incurred in producing your items during a specific time period are represented by your costs of goods sold (COGS). COGS is calculated as follows: COGS = initial inventory + purchases - ending inventory.
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define protectionism
Answers
Answer:
the theory or practice of shielding a country's domestic industries from foreign competition by taxing im
Which statements are true about a television network's products and customers? Multiple select question. The television network sells its advertising as a product to its audience. The television network sells its audience as a product to advertisers. The television network sells its programs as a product to its audience. The television network sells its programs as a product to advertisers.
Answers
Statements that are true about a television network's products and customers are;
The television network sells its audience as a product to advertisers.The television network sells its programs as a product to its audience.What is television network?television network serves as a means of promotion of goods and services of a company to the audience.
Therefore, The television network sells its audience as a product to advertisers.
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Which factors can affect a stock's price? Check all that apply.
market performance
the company's financial health
the quantity products produced
location of the company
the economy
Answers
Answer:
market performance
the company's financial health
the economy
Explanation:
Stocks or shares represent small units of ownership in a business. The stocks of a public limited company are traded in the stock exchange markets. Investors trading shares are guided by the potential to make profits in deciding what shares to buy.
Share that shows signs of good returns attract many buyers. Investors will focus on a company's financial health as presented in financial statements, the overall state of the economy, and the general market performance to evaluate profits potential. If the conditions are favorable, a stock price will always be rising and present opportunities for profits.
Answer:
1, 2, 5
Explanation:
Imagine you want to become a chef and restaurant owner. What education and
skills would you need to succeed in this position?
Answers
Answer:
Cooking and business managing skills
Explanation:
To be a chef you need to know how to cook, not just following recipes, but being able to cook food that uses the ingredients and measurements you think it need.
To own a restaurant you need to know how to budget money, what you need to buy, how to be able to pay for a restaurant, how to manage it, how to hire staff and pay your staff.
A ground-dwelling plant grows along a chain-link fence
Answers
Answer: Very instresting?
Explanation:
T/F entrepreneurs erect roadblocks that prevent them from being creative.
Answers
The given statement-''entrepreneurs erect roadblocks that prevent them from being creative'' is False because Entrepreneurs do not typically erect roadblocks that prevent them from being creative.
In fact, creativity is often seen as a vital characteristic and skill for entrepreneurs. Entrepreneurship involves identifying opportunities, developing innovative ideas, and finding unique solutions to problems. Creativity allows entrepreneurs to think outside the box, come up with new products or services, and differentiate themselves in the market.
While entrepreneurs may face various challenges and obstacles along their entrepreneurial journey, these challenges often stimulate their creativity and problem-solving abilities. Entrepreneurs actively seek ways to overcome obstacles and find creative solutions to move their ventures forward.
It is important to note that individual entrepreneurs may differ in their approach to creativity and problem-solving.
Some entrepreneurs may embrace and encourage creativity, while others may face personal or organizational roadblocks that hinder their creative thinking. However, as a general statement, entrepreneurs are known for their ability to be creative and find innovative ways to succeed in the business world.
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does wealth make you happy? Yes, No - explain the reason for your response
Answers
Answer:
yes it makes.although it doesn't buy love and affection. it fulfills our need which makes us happy.
what organizations provide for and protect the U.S. citizens.
Answers
Answer: Freedom to practice their religion or not practice one, and freedom of speech.
Explanation: Politics.
Answer:
Explanation:
Unión Estadounidense de Libertades Civiles: Es la organización más grande de derechos civiles en el país y de hecho actualmente se encuentra demandando al presidente Donald Trump.
Catholic Charities of the Rios Grande Valley: Brinda a los refugiados ropa y alimentos. Además acepta donaciones por internet.
The American Immigration Lawyers Association: Esta organización toma voluntarios para que representen a las familias con su evaluación de asilo, audiencias de fianzas, y otros asuntos relacionados.
American Immigrant Representation Projec: Destinada a la representación legal de inmigrantes.
help quick!
According to the video, which qualities do Insurance Underwriters need? Check all that apply.
O communication skills
O customer service skills
Ocomputer skills
Oknowledge of sales strategies
Oan outgoing attitude
O a background in finance
Answers
Answer: 1 3 6 or A C F
Explanation:
I just did it on the edge
Answer:
ACF
Explanation:
got it correct on Edge 2020
Sweethearts production was temporarily suspended in which year?
Answers
Production of sweethearts was momentarily halted in 1901.
In 1901, the first Sweethearts, or conversation hearts, were produced. Several designs, including lozenges, postcards, horseshoes, watches, and baseballs, were previously manufactured.
Due to Necco ceasing operations, the candies were no longer produced last year. Afterwards Necco Wafers and the Sweethearts were bought by the Ohio-based Spangler Candy Corporation. Time claims that due to the timing of the sale, Spangler was unable to complete the production of the candy in time for Valentine's Day last year.
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What is the straight time pay for each of the following for a 40 hour week
Answers
A woman sells her home for $450,000. She had purchased it for $300,000 and has lived there for three years. How much will she owe to IRS due to the gain on the sale.
Answers
Answer:
Everything
Explanation:
Afton Self Storage purchased land, paying $150,000 cash as a down payment and signing a $150,000 note payable for the balance. Afton also had to pay delinquent property tax of $2,000, title insurance costing $2,500, and $6,000 to level the land and remove an unwanted building. The company paid $50,000 to add soil for the foundation and then constructed an office building at a cost of $1,000,000. It also paid $65,000 for a fence around the property, $10,400 for the company sign near the property entrance, and $6,000 for the lighting of the grounds.
Determine the cost of Afton's land, land improvements, and building.
Answers
The cost of Afton's land, land improvements, and building is $1,376,900.
Here is the solution to the given problem: Afton Self Storage's cost of the land
Cash paid as a down payment = $150,000
Note payable for the balance = $150,000
Delinquent property tax = $2,000
Title insurance cost = $2,500
Land leveling cost = $6,000
Addition of soil for foundation = $50,000
Fence cost = $65,000
Company sign cost = $10,400
Ground lighting cost = $6,000
Therefore, the total cost of the land = $150,000 + $150,000 + $2,000 + $2,500 + $6,000 + $50,000 + $65,000 + $10,400 + $6,000 = $432,900.
The cost of Afton's building
Office building cost = $1,000,000
Therefore, the cost of Afton's building is $1,000,000.
The cost of Afton's land improvements
Land leveling cost = $6,000
Addition of soil for foundation = $50,000
Fence cost = $65,000
Company sign cost = $10,400
Ground lighting cost = $6,000
Therefore, the cost of Afton's land improvements is $6,000 + $50,000 + $65,000 + $10,400 + $6,000 = $137,900.
Hence, the cost of Afton's land, land improvements, and building is $432,900 + $1,000,000 + $137,900 = $1,376,900.
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Which of the following is an internal factor?
A. Interest rates
B. Employment laws.
C. Employee turnover.
D. Economic recession.
Answers
Answer:
Your answer is: C) Employee turnover
Explanation:
What is an advantage of using credit cards? (Select the best answer.) Credit cards are protected from loss or theft. Credit card accounts can be used as savings accounts. Credit card accounts are always easy to understand. Credit cards have low interest rates.
Answers
Answer:
The answer is the last one which is credit cards have low interest rate
Explanation:
I think so
Answer:
Credit Cards are protected from loss or theft.
Explanation: THIS IS THE CORRECT ANSWER NOT THE OTHER ONE PEOPLE!
Explain the limitations of statistics
Answers
What is the best animal?
Answers
Answer: The answer is Dogs
Explanation: Dogs are the best animal because They're not just popular- historically, the symbiotic relationship between dogs and people helped both species survive.
What is advertising??
Answers
Answer:
the activity or profession of producing advertisements for commercial products or services.
Explanation:
Answer:
the activity or profession of producing advertisements for commercial products or services.
"movie audiences are receptive to advertising"
advertisements collectively.
"despite being instructed to take the signs down, he says he has no intention of removing the advertising"
Explanation:
dvertising is a means of communication with the users of a product or service. Advertisements are messages paid for by those who send them and are intended to inform or influence people who receive them, as defined by the Advertising Association of the UK.