Learn more about our help with Assignments: Economics
Search & Filtering
The AVC of producing an instrument comes to Rs.2P units and Fixed Cost of Rs.90000. Find the Break even point if the instrument sells for Rs.20 per unit.
Widgets are provided by a competitive constant-cost industry where each firm has fixed costs of $30. The following chart shows the industry-wide demand curve and the marginal cost curve of a typical firm:
(Industry-Wide Demand ) - ( Firm’s Marginal Cost Curve) :
(Price - Quantity ) / (Quantity- Marginal Cost ) :
- ($5 -1500) / ( 1 - $5 ).
- (10 - 1200 ) / (2 - 10 ).
- (15 - 900 ) / ( 3 - 15 ).
- (20 - 600) / ( 4 - 20).
-(25 - 300) / (5 - 25).
-(30 - 200) / (6 - 30).
-(35 - 140)/ (7 - 35).
-(40 - 50) / ( 8 - 40).
a.What is the price of a widget?
b. How many firms are in the industry?
For the remaining four parts of this question, assume that the government imposes an excise tax of $15 per widget.
c. In the short run, what is the new price of widgets?
d. In the short run, how many firms leave the industry?
e. In the long run, what is the new price of widgets?
f. In the long run, how many firms leave the industry?
(Industry-Wide Demand ) - ( Firm’s Marginal Cost Curve) :
(Price - Quantity ) / (Quantity- Marginal Cost ) :
- ($5 -1500) / ( 1 - $5 ).
- (10 - 1200 ) / (2 - 10 ).
- (15 - 900 ) / ( 3 - 15 ).
- (20 - 600) / ( 4 - 20).
-(25 - 300) / (5 - 25).
-(30 - 200) / (6 - 30).
-(35 - 140)/ (7 - 35).
-(40 - 50) / ( 8 - 40).
a.What is the price of a widget?
b. How many firms are in the industry?
For the remaining four parts of this question, assume that the government imposes an excise tax of $15 per widget.
c. In the short run, what is the new price of widgets?
d. In the short run, how many firms leave the industry?
e. In the long run, what is the new price of widgets?
f. In the long run, how many firms leave the industry?
Describe the four accounts in the variance report. What can be done about the entertainment expense account?
Apollo cash receipts
1.5.20XX–30.9.20XX
May June July August Sept. Oct. Nov. Dec.
3,000 5,000 7,000 1,000 5,000 4,500 3,000 3,000
Note:
Cash receipts are shown. Credit revenues are twice that of cash each month. The business is closed for April.
Credit terms are 50% by end of the month; 35% by end of the next month balance by end of third month.
Build the projected revenue budget for the six months ending in December?
How is internal competition between projects/ departments competing for funding allocated and what role does the budgeted statement of financial performance play?
1.5.20XX–30.9.20XX
May June July August Sept. Oct. Nov. Dec.
3,000 5,000 7,000 1,000 5,000 4,500 3,000 3,000
Note:
Cash receipts are shown. Credit revenues are twice that of cash each month. The business is closed for April.
Credit terms are 50% by end of the month; 35% by end of the next month balance by end of third month.
Build the projected revenue budget for the six months ending in December?
How is internal competition between projects/ departments competing for funding allocated and what role does the budgeted statement of financial performance play?
Economics
1. What category of budgets are the governance board more likely to be interested in?
2. With a long-term view, which specific two budgets are the most relevant to the governing board and for what reason?
2. With a long-term view, which specific two budgets are the most relevant to the governing board and for what reason?
Economics
A new governance board member is constantly asking the accountant questions about the motor vehicle expenses that are constantly over budget. They blame one of the business managers who they dislike and point to the fact that the manager has an unnecessary sports pack on their car. What type of budget does the motor vehicle expense belong to? Who is responsible for this budget? What steps would you take if you were the accountant?
1. What management controls would you suggest in your notes accompanying the master budget for approval?
2. What category of budgets are the governance board more likely to be interested in?
3. With a long-term view, which specific two budgets are the most relevant to the governing board and for what reason?
2. What category of budgets are the governance board more likely to be interested in?
3. With a long-term view, which specific two budgets are the most relevant to the governing board and for what reason?
1. What is the total effect on cash flow?
2. What effect will the control have on the sales budget?
3. What effect will the control have on the financial position?
2. What effect will the control have on the sales budget?
3. What effect will the control have on the financial position?
some basic brain teaser can u see why the following are not created in US GDP?
a) the gourmet meals produced by a fine home chef
b) the purchase of a plot of land
c) the purchase of a original Rembrandt painting
d) the value get in 2009 from playing a 2005 compact disc
e) damage the houses & crops from pollution emitted by electric utilities
f) profits earned by on production in a British factory
a) the gourmet meals produced by a fine home chef
b) the purchase of a plot of land
c) the purchase of a original Rembrandt painting
d) the value get in 2009 from playing a 2005 compact disc
e) damage the houses & crops from pollution emitted by electric utilities
f) profits earned by on production in a British factory
What's the negative impact of using tariff to balance the US trade deficit?
