Business, 25.10.2019 23:43 keishonnawimbush
When production is greater than sales, the operating income will be higher under absorption costing than variable costing. assume zero beginning inventory. which of the following gives the correct reason for the above statement? a. all costs incurred have been recorded as expenses. b. a portion of the fixed manufacturing overhead is still in the ending finished goods inventory account. c. fixed manufacturing costs have not been considered when calculating the operating profits. d. all selling and administrative expenses have been recorded as period costs.
Answers: 2
Business, 22.06.2019 00:30, ummmmmmmmmmmm
What are six resources for you decide which type of business to start and how to start it?
Answers: 3
Business, 22.06.2019 02:30, bellamore
Consider the local telephone company, a natural monopoly. the following graph shows the monthly demand curve for phone services and the company’s marginal revenue (mr), marginal cost (mc), and average total cost (atc) curves. 0 2 4 6 8 10 12 14 16 18 20 100 90 80 70 60 50 40 30 20 10 0 price (dollars per subscription) quantity (thousands of subscriptions) d mr mc atc 8, 60 suppose that the government has decided not to regulate this industry, and the firm is free to maximize profits, without constraints. complete the first row of the following table. pricing mechanism short run long-run decision quantity price profit (subscriptions) (dollars per subscription) profit maximization marginal-cost pricing average-cost pricing suppose that the government forces the monopolist to set the price equal to marginal cost. complete the second row of the previous table. suppose that the government forces the monopolist to set the price equal to average total cost. complete the third row of the previous table. under average-cost pricing, the government will raise the price of output whenever a firm’s costs increase, and lower the price whenever a firm’s costs decrease. over time, under the average-cost pricing policy, what will the local telephone company most likely do
Answers: 2
Business, 22.06.2019 04:50, smeeden
Allie and sarah decided that they want to purchase renters insurance for the apartment they share. they made a list of all of the items to be covered by the insurance policy, along with their estimated values. if the items to be covered total more than $3000, the insurance company charges an annual premium of 23% of the total value of the items. if the items to be covered total $3000 or less, the insurance company charges an annual premium of 20% of the total value of the items.
Answers: 1
When production is greater than sales, the operating income will be higher under absorption costing...
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