Amortization is the concept that applies to the expensing of long-term assets that lack physical substance over their useful lives.
Amortization is the process of allocating the cost of assets over its lifespan. This process is commonly used in accounting and finance, in order to spread the amounts of an asset over its useful life.
Amortization is often used for intangible assets, such as patents or copyrights. It can also be used for certain types of loans, such as mortgages. Amortization is the process of allocating the cost of an intangible asset over its useful life.
Hence, the correct option is "First".
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rough water llc and schafer enter into a contract for the delivery of a certain number of river rafts. until the rafts are delivered and paid for, the parties have a. an executory contract. b. a quasi contract. c. an executed contract. d. no contract.
Rough water llc and schafer enter into a contract for the delivery of a certain number of river rafts. until the rafts are delivered and paid for, the parties have an executory contract.
A contract that has not yet been fully completed or executed is known as an executory contract. It is a contract in which both parties still have significant performance obligations. However, even if the duty to pay money is significant, it does not normally render a contract executory.
Once a court orders the parties to a contract to specifically perform the contract, the parties are no longer bound by any material obligations under the contract, rendering it non-executable.
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vector technology's employees are enjoying the internet in the office a bit too much. the company has been suffering a loss in productivity the past year and has determined it to be related to cyber-loafing, which is employee use of work internet access for personal use. the company needs a communication strategy in place that will increase productivity without causing a backlash among employees. the ceo has assembled a task force led by a human resources (hr) manager and comprised of a marketing and finance manager. you are the hr manager. can you balance the company and employees' interests using the right communications methods?
To manage cyber-loafing in the workplace:
Provide designated break times for employees to cyberloaf to channel it to noncritical time periodsMonitoring what your employees are doing on the computer and restricting their internet accessUsing a time tracking app that allows you to monitor the websites and apps your employees visit. You will see which activities consume the most of an employee's time.Cyberslacking, also known as cyberloafing, is the state of being distracted by technology at work. This activity is entirely related to non-work-related or personal internet usage.
When working on a computer, an employee may spend their time playing games, shopping online, or using social media sites.
It's important to remember that cyber-loafing is more than just a lack of productivity. Workers may visit shady websites or download illegal music, infecting the company's network with Trojans.
Even if you allow your employees to take short breaks, you should still implement some cyber-loafing prevention measures.
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what can a business that has too little working capital do to increase it? increase cash on hand decrease inventory increase short-term liabilities reduce current assets
Working capital is calculated by subtracting current liabilities from current assets shown on a company's balance sheet. Current assets include cash, accounts receivable and inventories. Current liabilities include accounts payable, taxes, wages and accrued interest.
Working capital is calculated by subtracting current assets from a company's current liabilities. For example, if a company has current assets of $100,000 and current liabilities of $80,000, its working capital is $20,000.Inventory growth is a sign that a business has bought more products than it has been able to sell. Cash had to be used since more merchandise needed to be purchased, hence there was a further cash outflow. The company's cash balance is impacted negatively or unfavorably by a cash outflow.
To calculate the working capital requirement, the following formula can be used: Working Capital (WC) = Current Assets (CA) – Current Assets (CL).
In accounting, the working capital general is commonly derived from the figures for modern property and modern-day liabilities recorded on the stability sheet.
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the most likely reason a firm would pay it sales representatives a commission rather than salary is that it wants to group of answer choices be able to deduct the cost of compensating the sales representatives from its taxable income give the sales representatives a stronger incentive to collaborate with each other and act as a team keep the pay system as simple as possible provide sales representatives with a strong incentive to generate more sales for the company previousnext
The most likely reason a firm would pay its sales representatives a commission rather than a salary is that it wants to be able to deduct the cost of compensating the sales representatives from its taxable income.
The number one advantage of revenue-plus-fee plans is they allow the reimbursement software to be tailored to the needs of a specific company.
At the quit of the layout procedure, the sales compensation plan needs to encompass such factors as base earnings ranges, a combination of base income and incentive earnings, incentive earnings only, and total cash reimbursement primarily based on accomplishing measurable business targets.
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pogrund vacation properties sells real estate in florida. pogrund requires potential buyers who are interested in a property to remit a $10,000 deposit to show good faith before receiving detailed information about a property. the deposit is fully refundable until a contract is signed. when a contract is signed, the buyer must make an additional deposit to bring the total deposit up to 10% of the purchase price. at that point, the entire deposit becomes nonrefundable. on december 31, 20x1, david corporation makes a good faith deposit of $10,000. david makes an additional $85,000 deposit on march 31, 20x2, when it signs a contract to purchase property from pogrund for $950,000, bringing its total deposit up to 10% of the purchase price. on june 30, 20x2, david corporation informs pogrund that it has decided to terminate the contract, as is its right, and will not complete the purchase of the property. under the terms of the contract, the entire deposit was nonrefundable and is retained by pogrund. required: what is the journal entry pogrund makes to record the receipt of the $10,000 good faith deposit on december 31, 20x1? what is the journal entry pogrund makes on march 31, 20x2, to record the receipt of an additional $85,000 from david corporation when it signs the contract? what is the journal entry pogrund makes on june 30, 20x2, when david notifies pogrund that it is terminating the contract?
The journal entry pogrund makes on June 30, 20x2 when David notifies pogrund that it is terminating the contract are:
Date Particulars Debit Credit
31-Dec-19 Cash 10,000.00
Deposit account 10,000.00
31-Mar-20 Cash 85,000.00
Deposit account 85,000.00
30-Jun-20 Deposit account 95,000.00
Profit and loss account 95,000.00
An agreement is a legally binding agreement between or more parties. As soon as signed, this contractual agreement creates a promise that sure rights and responsibilities can be fulfilled by way of every celebration. In essence, a promise is at the heart of every contract.
A well-drafted, written contract provides facts, and clarity, and protects parties' pastimes if problems get up down the road. The specifics of what the agreement covers can be identified (for instance through a scope of offerings clause or agenda of products), and each party's obligations and rights are expressly stated.
A successful settlement is defined as a contract that: gives you exceptional possible services at the most affordable price. Provides a means to manipulate the scope of offerings. Manages your commercial enterprise's operational and monetary dangers.
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do you have a non-compete agreement or a non-disclosure agreement with your present or prior employer?
When an employee works for a company, a non-compete or non disclosure agreement is only used to stipulate who may hire them after they depart.
What is non-compete or non disclosure agreement?
Both non-disclosure and non-compete agreements are regarded as legal documents that impose restrictions on what a person may say or do in specific circumstances. Restrictive covenants are meant to stop a worker or other corporate affiliate from disclosing specific company information to rival businesses or from quitting the company and starting a business that competes directly with it.
These limitations are required to prevent a corporation from suffering financial loss if one of its workers uses confidential information gained from the company to compete against it or help its rivals. Restrictive covenants can generally be divided into two categories, and it's critical to recognise the differences between them.
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a construction contractor finished a bridge across a river 12 months early and received more than $5 million for the early completion. this is an example of reducing project duration caused by
The reduced project duration is caused by incentive contracts.
Because in project management a contract is said to be incentive based when the owner has committed to making additional compensation to the contract price. This happens when during the contractor's execution, events trigger a higher compensation, which could be a result of cost and time thus, incentive contracts offer a method for adjusting the contractor's profit and establishing the final contract price based on the relationship of the final negotiated total cost to total target cost.
The example in the question shows an incentive contract because a building contractor completed a bridge over a river 12 months earlier than expected and was compensated with more than $5 million. As the project was completed earlier than the due date, thus incentive will be born by the contractor.
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what type of promotional strategy promotes to the consumer? question 8 options: a) pull strategy b) aida strategy c) push strategy d) market strategy
There are several types of promotional strategies that can be used to promote to the consumer. A pull strategy is one where the company uses advertising and other marketing techniques to create demand for the product.
This can be done through using celebrity endorsements, creating a need for the product, and using other techniques to generate interest. AIDA is a strategy that focuses on creating awareness, interest, desire, and action in the consumer. This is done through using various marketing techniques to create an emotional connection with the consumer and get them to take action.
A push strategy is one where the company uses its sales force and distributors to promote the product to retailers. This can be done through providing incentives, training, and support to the sales force and distributors. Market strategy is one where the company uses market research to identify opportunities and target consumers. This can be done through segmenting the market, targeting specific consumer groups, and using marketing mix modelling to optimise the marketing mix.
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an industry spy from firm a comes to firm b and offers to pay b in exchange for b's certain and enforceable promise to not invest. what is the most that firm a will be willing to pay b to not invest?
Firm b accepts a payment offer from an industry snitch from firm an in exchange for b's guaranteed and enforceable promise not to invest. Firm a will pay firm b to refrain from making a $50 million investment.
A promise or set of promises is referred to as a contract if the law recognizes a duty to perform them or if there is a legal remedy for their breach. A contract is created whenever one or both parties express a legally binding promise through their words or actions.
To invest implies to put (money) into financial plans, stocks, real estate, or a business initiative in the hope of making a profit. It follows that investing has positive effects on the economy. Investors finance the creation of new assets and distribution networks as well as jobs.
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derek receives a promotion at his law firm after winning an important case. this is an example of a:
When Derek receives a promotion at his law after winning an important case : This is an example of Positive formal sanction.
What do you mean by Positive formal sanction?
Positive sanctions can be defined as the rewards which are given for conforming to norms. For example a promotion at work is a positive sanction for working hard. They are quite important in social control. Other examples of positive formal sanction include Graduation certificates, pay raises, promotions, awards, and medals.
Sanctions are used to enforce compliance with social norms. Sanctions are positive when they are used to celebrate conformity.
Types of Sanction includes
formal sanctions.informal sanctions.negative sanctions.positive sanctions.Hence, the above-mentioned case represents Positive formal sanction.
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a brokerage firm places u.s. treasury notes and bonds in a trust at a bank and then issues securities collateralized by either the principal or interest payments those notes and bonds represent. these new securities the broker-dealer is offering are
The principal or interest payments those notes and bonds represent. these new securities the broker-dealer is offering are treasury receipts.
There are four different types of bonds that can be categorized: corporate, municipal, government, and agency bonds. Bond prices and coupon rates have an inverse relationship. Payment is the voluntary presentation of money or its equivalent or of things of value by one party to another in exchange for goods or services provided by them or to satisfy a legal obligation. When the rate of interest increases, the bond prices decrease and when the rate of interest decreases, the bond price increases. Payer refers to the party sending the payment, whereas payee denotes the recipient of the payment.
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alan, whose wife died in 2019, filed a joint tax return for 2020. he did not remarry and continues to maintain his home in which his four dependent children live. in the preparation of his tax return for 2021, alan should file as:
Alan should set up his tax return for 2021 as a qualified widower.
For two years following the year of your spouse's passing, you can maintain the advantages of the Married Filing Jointly status by filing as a Qualifying Widower. To be eligible to file as a Qualifying Widow or Widower, you must have a dependent child.
Individuals who don't remarry in the year of their spouse's death may file jointly with them. A surviving spouse may be eligible to file as a Qualifying Widower for the two years after the year of death.
For two years after the spouse's death, a widow or widower who has one or more qualifying children may be able to file as a qualifying widower.
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a game in which each player has a dominant strategy, and when each plays it, the resulting payoffs are smaller than if each had played a dominated strategy is called a(n) .
A game in which each player has a dominant strategy, and when each plays it, the resulting payoffs are smaller than if each had played a dominated strategy is called a. prisoner's dilemma.
A prisoner's dilemma is a scenario in which individual decision-makers have an incentive to make choices that result in a suboptimal outcome for the individuals as a group. Many elements of the economy are affected by the prisoner's dilemma.
A prisoner's dilemma is a circumstance in which two selfish actors, according to game theory, would ultimately result in a poor option for both. The prisoner's dilemma further demonstrates that simple collaboration is not always advantageous.
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capacity to contract means a party is b) competent to enter into a legally binding contract. a) able to make an offer or accept an offer. e) able to comprehend the terms of a contract. d) able to make a promise. c) able to pay damages in the event of a breach of contract.
Capacity to contract means a party is competent to enter into a legally binding contract.
Those who are intellectually and legally capable of signing contracts that are enforceable by law are referred to as competent parties. Some people, like children, those who are intoxicated or on other drugs, and those who are mentally ill but not mad, have a limited capacity to contract. Persons with limited capacity to contract who are incompetent may renege on their agreements.
Disaffirmance is the name for this legal right to withdraw. Others lack any legal competence to contract since they are so totally incompetent. This group includes those with mental diseases who have been adjudicated crazy by a court.
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gadgetbug, a gadget repair store, has six employees. the firm is well known in the community in which it operates but not in the rest of the country. gadgetbug manages to make annual sales of $780,000. gadgetbug qualifies as a .
A lack of capital or funding, retaining an ineffective management team, a flawed infrastructure or business model, and unsuccessful marketing initiatives are the most common causes of small businesses' failure.
A set of activities aimed at an organization's resources with the intention of efficiently and effectively achieving its goals is what?An organization's human, financial, physical, and information resources are the focus of management, which is a set of activities that aim to achieve organizational goals in an efficient and effective manner. These activities include planning and decision making, organizing, leading, and controlling.
Which three business models are there?There are a variety of business models. Some common models include franchises, freemium, subscription, and direct sales.
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which three activities are part of the function of accounting? multiple select question. interpreting financial transactions planning financial transactions prioritizing financial transactions recording financial transactions classifying financial transactions
The three activities that are part of the function of accounting from the list of given options are:
2. classifying financial transactions4. interpreting financial transactions5. recording financial transactionsWhat is Accounting?This refers to the term that is used to describe the process of recording financial transactions and also classifying them into proper categories for record purposes.
Hence, it can be seen that from the list of answer choices, when it comes to the area of accounting, three core functions from the list are given above and one of them is classifying financial transactions
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if a firm has a target to break-even and fixed annual costs of $80,000 and a contribution margin ratio of 40%, what are the dollar sales required to break-even?
The amount of revenue needed to break even for a company with $80,000 in fixed annual costs and a 40% contribution margin is $2,00,000.
Describe break-even.One can figure out the break-even point (break-even price) for a transaction or investment by comparing the market value of an asset to its initial cost. When the two prices are equal, you've reached the break-even point. In corporate accounting, the break-even point is determined by dividing the total fixed costs of production by the revenue per unit less the variable costs per unit.
In this context, fixed costs are those expenses that are constant regardless of the number of units sold. In other words, the break-even point is the production level where a product's total revenues and total expenses are equal.
Calculation:
Fixed Cost to Contribution Margin Ratio = BE
[tex]BE=\frac{80,000}{0.40}\\BE=2,00,000[/tex]
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hat is the difference between a real estate space market and the real estate asset market? group of answer choices
The difference between real estate space market and the real estate asset market is the real estate space market deals with physical capital. While the real estate asset market deals with financial capital.
The real estate assets generally can be described as a real property and shares. The real property in real estate assets including interests in real property and also interests in mortgages on real property or on interests in real property. The examples of commercial real estate market are office, industrial, retail, residential, and hospitality. Real estate property also can be classified as an asset class that plays a significant role in many investment portfolios.
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the opportunity cost of holding money part 2 a. is the forgone interest from holding bonds. b. decreases with inflation. c. increases as the holding return on bonds fall. d. decreases as one accumulates more of it.
The opportunity cost of holding money is the interest forgone on an alternative asset.
What is an asset?
According to financial accounting, an asset is any resource that a company or other economic organization owns or controls. It is anything that has the potential to provide positive economic value. The ownership value represented by assets can be converted into cash.
An item with economic value to the business, either now or in the future, is referred to as an asset. In essence, a business's assets are anything it owns or controls that is valuable today or has the potential to be profitable in the future. Examples include investments, machines, and patents.
The regular distribution of an asset's depreciable amount over the course of its useful life is known as depreciation. The depreciable amount of an asset is equal to the asset's cost or another number substituted for cost, less its residual value.
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stone and brick are substitutes in home construction. suppose the price of stone increases due to new regulations for the stone quarrying industry. describe the impact this will have on the market for bricks.
jane makes 1000 items a day. each day she spends 8 hours producing those items. if hired elsewhere she could have earned $250 an hour. the item sells for $15 each. production occurs seven days a week. if the explicit costs total $150,000 per month, what is her accounting profit?
If the explicit costs total $150,000 per month, the accounting profit is $300,000
Revenue equals 1000 items per day $15/item30days = $450,000.
Explicit costs are given as $150,000.
Therefore, accounting profit = $450,000-$150,000 = $300,000
What is Revenue?Yield is a term used to describe the profits made and realised on an investment over a specific time frame. Based on the amount invested, the security's current market value, or its face value, it is expressed as a percentage. Yield is made up of the interest or dividends that come with holding a specific security.
Revenue is the total amount of money made from the sale of products or services related to a business's core operations. Because it appears at the top of the income statement, revenue, also known as gross sales, is frequently called the "top line."
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what are the major dimensions of strategic management? multiple select question. assessing the purpose of an an organization responding to changes in the external market allocating scarce resources of the firm communicating objectives throughout an organization
The major dimensions of strategic management is Allocating the company's limited resources and adapting to changes in the external market.
Strategic management includes setting corporate objectives, observing competitor behavior, reviewing internal organizational structure, analyzing current strategies, and ensuring that strategies are carried out across the corporation. Prescriptive and descriptive strategic management are the two varieties. Strategic management includes setting corporate objectives, observing competitor behavior, reviewing internal organizational structure, analyzing current strategies, and ensuring that strategies are carried out across the corporation. Prescriptive and descriptive strategic management are the two varieties. Strategic management is the process of establishing policies, procedures, and goals to improve a company's or organization's competitiveness.
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true or false: the firm's senior executives need to understand the financial implications of the it initiative so they can decide whether to allocate resources to it. true false question. true false
Senior executives of a company must be aware of the financial effects of their projects before deciding whether to dedicate resources to them. This assertion is true.
The future wealth of people should be anticipated to rise. Managing the company's finances is part of finance. The financial manager is responsible for determining how much money is needed and when, how to spend the cash most effectively, and how to secure the necessary finance. Financial planning, investment, and financing are the duties of the financial manager.
Senior executives are often in charge of overseeing certain divisions or departments within their organization and making sure that they are in line with corporate growth strategy. They could also be in charge of directing the work of department heads who supervise smaller teams of workers.
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jax recording studio purchased $6,000 in electronic components from music world. jax signed a 60-day, 12% promissory note for $6,000. music world's journal entry to record the sales transaction is:
The Journal entry will be Credit Interest Revenue for $118.35. Credit Notes Receivable for $6,000 , Debit to Cash for $6,118.35.
How to calculate Interest ?Interest is the payment of a sum over and above the principal amount owed by a lender or depositor to a borrower or deposit-taking financial institution at a set rate. It is not the same as a fee that the borrower might pay to the lender or another party.
In contrast to profit, which is received by the owner of an asset, investment, or business, interest is paid to the lender.
The amount of interest paid or received over a specific period divided by the principal borrowed or lent determines the rate of interest.
Purchased amount of electronic components = $6,000
Interest rate = 12 %
Number of days = 60 days
The interest amount = P x R x T.
Where, P = Principal amount
R = Interest rate
T = Number of time periods
Interest = 6000 * 0.12 * 60/365
Interest = $118.35
Debit to Cash = $6,118.35 ( 6000 + 118.35)
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a benefit derived from the creation of an information system that can be measured in dollars and with certainty is a(n):
A benefit derived from the creation of an information system that can be measured in dollars and with certainty is a tangible benefit. A gain that results from the development of an information system that is certain and quantifiable in terms of money.
Reduced personnel costs, lower transaction costs, or improved business margins are some examples of tangible benefits. information system is simple to quantify all concrete advantages. Both concrete and intangible advantages exist. Cash flow, cash income, and cost reduction would be considered the common tangible benefits. The tangible benefits, which include the performance, profitability, and quality of the derived products, are directly measurable.
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a 7.5 percent coupon bond with nine years left to maturity is priced to offer a 10.4 percent yield to maturity. you believe that in one year, the yield to maturity will be 8 percent. what is the change in price the bond will experience in dollars? (assume interest payments are semiannual and par value is $1,000.)
A 7.5 percent coupon bond with nine years left to maturity is priced to offer a 10.4 percent yield to maturity. $122.47 is the change in price the bond will experience in dollars
Calculating the problem:First we need to calculate duration of the bond using below formula:
Duration = [(1+YTM/2) /YTM] - [(1+YTM/2) + M(C-YTM)]/YTM + C[(1+YTM/2)2M - 1]
C = annual coupon rate i.e.7.5%; YTM = yield to maturity i.e. 10.4%; M = bond maturity i.e. 9 years
Duration = [(1+0.104/2)/0.104] - [(1+0.104/2) + 9(0.075-0.104)]/0.104 + 0.075[(1+0.104/2)2 × 9 - 1]
Duration = [(1+0.052)/0.104] - [(1+0.052) + 9(-0.029)]/0.104 + 0.075[(1+0.052)18 - 1]
Duration = (1.052/0.104) - (1.052 - 0.261)/0.104 + 0.075[(1.052)18 - 1]
Duration = 10.12 - (0.791)/0.104 + 0.075(2.49 - 1)
Duration = 10.12 - (0.791)/0.104 + 0.075 × 1.49
= 10.12 - (0.791)/0.104 + 0.112
= 10.12 - (0.791)/0.216
Duration = 10.12 - 3.66 = 6.46 Years
% change in bond price = Modified duration × change in YTM
Modified duration = duration/(1+YTM/2)
= 6.46/(1+0.104/2)
= 6.46/1.052
= 6.14
% change in bond price = 6.14× (0.104 - 0.08)
= 6.14 × 0.024
= 0.147 or 14.7%
Bond price will increase by 14.7%.
N= matuity = 9×2 = 18;
I/Y = YTM = 10.4%/2 = 5.2%;
FV = par value = 1,000;
PMT = coupon = 1,000 × 7.5%/2 = 37.5 > CPT = compute > PV = current price = 833.12
Change in price in dollars = $833.12 × 14.7%
= $122.47
Coupon bond:A coupon bond, also pertain to as a deliverer bond or bond coupon, is a debt commitment with tickets attached that represent semiannual interest payments. With coupon bonds, there are no records of the purchaser kept by the issuer; the purchaser's name is also not published on any kind of instrument.
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an operation that strives to achieve the highest possible productivity and total quality, cost-effectively, by eliminating unnecessary steps in the production process and continually striving for improvement is known as:
It is known as Lean Manufacturing.
How would you define manufacturing?
The process of transforming a raw material into a finished, physical product is known as manufacturing.
Making a process more effective while it transforms certain resources into other resources, frequently with the intention of being sold to a client, is what manufacturing includes.
In other word, The process of producing items using labor, equipment, instruments, biological or chemical processing, or formulation, is known as manufacturing.
The manufacturing process involves:
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which of the following accounts are temporary accounts closed (zeroed out) at the end of the accounting period into retained earnings? (check all that apply.) multiple select question. accounts receivable bad debt expense depreciation expense allowance for doubtful accounts sales revenue accumulated depreciation
Depreciation expense must be closed to retained earnings at the end of the period because it is a nominal account.
What is an allowance for uncertain costs?Because it lowers the value of an asset—in this case, the accounts receivable—the allowance for dubious accounts is referred to as a "contra asset." The allowance, also known as a bad debt reserve, is management's projection of the amount of accounts receivable that customers will not pay. You may manage your company's cash flow with the aid of an income account and an expense account. All of your company's expenses are kept in an account called an allowance or expense account. Understanding this account is essential since it enables you to keep tabs
Permanent accounts are an alternative - The balances at year-end are carried forward with the associated asset in accumulated depreciation, which is a counter asset account of a specific depreciable asset. Accounts payable must be carried forward in the following accounting period because it is a genuine account. As current assets, prepaid expenses must be carried forward to the following accounting period.
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Answer:
sales revenue
Explanation:
cherry company manufactures electronic yard tools. costs for may were direct labor, $84,000; indirect labor, $51,000; direct materials, $69,000; indirect materials, $9,000; factory utilities, $6,900; and insurance on manufacturing equipment, $2,100. cherry company's manufacturing overhead for may is:
The manufacturing overhead for may is $222,000
Manufacturing overhead costs are the initial charges that a corporation incurs for things like the purchase of materials and indirect labelling. electricity, machinery, maintenance, factory supplies, insurance, etc.
This is often referred to as factory overhead, and it refers to costs that are further recorded in the balance sheet or in the profit and loss statement and divided by the firm's profit even if they have no direct bearing on manufacturing.
Manufacturing Overhead allocated during the year = Direct Labor + Indirect Labor + Direct Materials + Indirect Materials + Factory Utilities + Insurance
= 84,000 + 51,000 + 69,000 + 9,000 + 6,900 + 2,100
= 222,000
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let's say that you are looking at a table with output and cost data for a firm and you observe the following: at a quantity of 12 units, the firm's marginal cost and marginal revenue both equal $.75. at a quantity of 30 units, the firm's marginal cost and marginal revenue also both equal $.75. at a quantity of 22 units, the firm's marginal cost reaches its lowest point at $.35. at a quantity of 28 units, the firm's average total cost reaches a minimum of $.50. if this firm wants to maximize its profits, which quantity should it produce?
Quantity of 12 units, the firm's marginal cost and marginal revenue both equal $.75. at a quantity of 30 units, the firm's marginal cost and marginal revenue also both quantity should it produce is 30.
The concept of quantity, also known as amount, can be expressed as a multitude or magnitude, which shows both discontinuity and continuity. quantity can be contrasted using the terms "more," "less," or "equal," or by putting a numerical value that is a multiple of the unit of measurement. Among the fundamental categories of things are quality, substance, change, and relation. In microeconomics, the term "marginal revenue" refers to the additional total revenue that results from increasing product sales by just one unit. The change in a company's total revenue is divided by the change in its total output quantity to determine the marginal revenue. The cost of a single extra item that was sold makes up marginal revenue.
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