Refer to the above data if the product price is 185 at its

Assignment Help Accounting Basics
Reference no: EM13453741

Answer the next questions (Parts A and B) on the basis of the following cost data for a firm operating in pure competition: 

OUTPUT ------ TFC ---------- TVC 

0                 $500.00         0.00 

1                 500.00         70.00 

2                 500.00        130.00 

3                 500.00        170.00 

4                 500.00        200.00 

5                 500.00        300.00 

6                 500.00        510.00 

(a.) Refer to the above data. If the product price is $185 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations. 

(b.) Refer to the above data. If the product price is $200 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations

Reference no: EM13453741

Questions Cloud

Determine the suitable landing speed if runway is 800 feet : to determine the appropriate landing speed of an airplane the formula d.1x2-3x22 is used where x is the initial landing
Your organization is about to review their energy use and : your organization is about to review their energy use and develop an energy plan including as many renewable power
After an hour-and-a-half-long discussion the group asks for : write a paper of approximately 1125 words that outlines based upon materials in this course the areas of interpersonal
On november 8 2010 he sold 48 shares which could not be : alex smith purchased 30 shares of xyz stock on april 30 2010 for 210 and on september 1 2010 he purchased 90 additional
Refer to the above data if the product price is 185 at its : answer the next questions parts a and b on the basis of the following cost data for a firm operating in pure
Assume that 200 are free-spenders and 1300 are : there are 1500 potential travellers each day on the london-berlin route. some are free-spenders travellers who are
Identify one 1 composition by monteverdi or vivaldi that : 1. identify one 1 composition by monteverdi or vivaldi that demonstrates the qualities of the baroque musical style.
Explain how technology affects the comminication : explain how technology affects the comminication capabilities of specilized databases in criminal justice.compare
The demand forecast for next four periods is 80 110 120 and : the demand forecast for the next four periods is 80 110 120 and 145 units respectively. the plant has a regular

Reviews

Write a Review

Accounting Basics Questions & Answers

  Journalizing corporate transactions and preparing

journalizing corporate transactions and preparing the stockholders equity section of the balance sheet c-mobile

  Jackson company is a publicly held corporation whose 1 par

jackson company is a publicly held corporation whose 1 par value stock is actively traded at 75 per share. the company

  Determine the unemployment taxes

During 2012, Jeff Smallwood worked for two different employers. Until May, he worked for Rowland Construction Company in Cincinnati, Ohio, and earned $22,000. The state unemployment rate for Rowland is 4.6%.

  Describe ifrs and gaap

Evaluate at least three significant differences and similarities between IFRS and GAAP and the impact these similarities and differences can have on financial statements.

  What type of inventory system

My cost of goods sold for the month is ? And i found this using what type of inventory system?

  Income statement or retained earnings statement

From the foregoing information, indicate in what section of the income statement or retained earnings statement these items should be classified. Provide a brief rationale for your position.

  Schedule of taxable income and journal entries

Prepare a schedule starting with pretax financial income and compute taxable income. Prepare the journal entry to record income taxes for 2011.

  Compute the revenue to be recognized in fiscal year

Compute the revenue to be recognized in fiscal year 2008 for the two operating divisions of Simona Amanar Industries in accordance with generally accepted accounting principles.

  Current years asset turnover ratio

A company reports sales revenue of $200 million the current year and $180 million last year. Their total assets in the current year are $150 million and last year's total assets were $130 million. What is the current year's asset turnover ratio?

  Budgeted overhead per unit

Expected sales are 40,000 units; expected production is 50,000 units; practical (maximum) capacity is 100,000 units. If Tayla Industries uses a normal costing system and a plantwide predetermined overhead rate, the budgeted overhead per unit is:

  Example formula of total revenue

Show a example formula of total revenue of 800,000, expense of 200,000 for tax purposes, and depreciation expense of 130,000 for reporting purposes, the tax rate is 34 percent.

  Demonstrating a knowledge of accounting concepts

Managers need to know enough about accounting concepts and their applications, that they can understand and interpret financial data and make the best decisions possible.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd