Suppose that a company is making positive economic profit. Which one of the following statements must be true? a) Its total costs exceed total revenue. b) Investors are likely to invest their funds in its competitors. c) It has problems paying for the opportunity cost of all the resources It uses. d) It can afford to pay for the opportunity cost of all the resources it uses.
Answers: 3
Business, 22.06.2019 06:30
"in my opinion, we ought to stop making our own drums and accept that outside supplier's offer," said wim niewindt, managing director of antilles refining, n.v., of aruba. "at a price of $21 per drum, we would be paying $4.70 less than it costs us to manufacture the drums in our own plant. since we use 70,000 drums a year, that would be an annual cost savings of $329,000." antilles refining's current cost to manufacture one drum is given below (based on 70,000 drums per year):
Answers: 1
Business, 22.06.2019 15:20
On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.
Answers: 2
Business, 22.06.2019 16:50
Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.
Answers: 1
Business, 23.06.2019 22:30
Using the high-low method, estimate the variable and fixed cost elements of the annual cost of the truck operation. (do not round your intermediate calculations. round the variable cost per kilometer to 3 decimal places and fixed cost answer to nearest whole dollar amount.)
Answers: 2
Suppose that a company is making positive economic profit. Which one of the following statements mus...
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