Answer:
Please find the income statement below;
Explanation:
<u>Single step Income statement</u>
Revenues
Net sales 2,419,200
Interest revenue 39,300
<em>Total revenues 2,458,500</em>
Expenses
Cost of goods sold 1,464,600
Admin. expenses 216,400
Selling expenses 294,800
Interest expense 46,000
<em>Total expenses 2,021,800</em>
<em><u>Net Income </u></em><em> </em><u><em>436,700</em></u>
Answer:
A.
Explanation:
An improve in technology will allow firms to produce in an effective way therefore, with the same resources, firms will produce more units. This will cause an increase in total supply: at the same price, firms will offer more units. In this case, at prices $1, $2, $3, $4 and $5 the new quantities will be 6,8,10,12. In the demand and supply graph, this looks as shift to the right of the supply curve (figure attached).
It is not option B because the problem says increase in quantities "at these prices". It is not option C because an increase in taxes will increase costs of production, thus firms will decrease units of production. It is not option D because changes in income will affect demand.
Answer:
C. Playgrounds are rival in consumption, and the optimal number of playgrounds is three.
Explanation:
The computation is shown below:
For 3 playgrounds, total willingness to pay is
= 200 + 1600 + 800
= 2600 > Marginal cost (2250).
And,
For 4 playgrounds, total willingness to pay is
= 100 + 1400 + 700
= 2200 < Marginal cost (2250).
Therefore, 3 playgrounds should be considered as an optimal and playground would be rival
Answer:
$1,440,000
Explanation:
sales volume = 37,000 radios
Selling price per unit = $60
Variable costs per unit = $20
Fixed costs = $40,000
Monthly operating income
= Sales revenue - Variable costs - Fixed costs
= ($60 × 37,000) - ($20 × 37,000) - $40,000
= $2,220,000 - $740,000 - $40,000
= $1,440,000
Therefore, the flexible budget would reflect $1,440,000 as a monthly operating income for a sales volume of 37,000 radios.
Answer:
They Developed on-the job training and learning. They used the plant to train their employees at the same time the plant is fully operational and employees are training too.
Explanation:
