Suppose a hat manufacturer currently sells 2,000 hats per week and makes a profit of $5,000 per week. the plant owner observes, "although the last 300 hats we produced and sold increased our revenue by $1,000 and our costs by $1,100, we are still making an overall profit of $5,000 per week so i think we're on the right track. we are producing the optimal number of hats."using marginal analysis terminology, another economic term for the incremental revenue received from the sale of the last 300 hats isquestion options: a. gross profit. b. gross earnings. c. marginal revenue. d. sales revenue.
Answers: 3
Business, 22.06.2019 06:30
Selected data for stickβs design are given as of december 31, year 1 and year 2 (rounded to the nearest hundredth). year 2 year 1 net credit sales $25,000 $30,000 cost of goods sold 16,000 18,000 net income 2,000 2,800 cash 5,000 900 accounts receivable 3,000 2,000 inventory 2,000 3,600 current liabilities 6,000 5,000 compute the following: 1. current ratio for year 2 2. acid-test ratio for year 2 3. accounts receivable turnover for year 2 4. average collection period for year 2 5. inventory turnover for year 2
Answers: 2
Business, 22.06.2019 11:30
Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)
Answers: 2
Business, 22.06.2019 13:30
What do you recommend adam do to increase production in a business setting that does not seem to value high productivity?
Answers: 3
Business, 22.06.2019 16:30
Which of the following has the largest impact on opportunity cost
Answers: 3
Suppose a hat manufacturer currently sells 2,000 hats per week and makes a profit of $5,000 per week...
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