BUSINESS HIGH SCHOOL

Explain why it is true that for a firm in a perfectly competitive​ market, the​ profit-maximizing condition MR​ = MC is equivalent to the condition P​ = MC. When maximizing​ profits, MR​ = MC is equivalent to P​ = MC because _______

Answers

Answer 1
Answer:

\bold{MR = P} is equivalent to both of the given conditions in a fully competitive market.

Explanation:

In profit maximization, MR = MC corresponds to P = MC since, for a fully competitive product, the marginal revenue curve is the same as its demand. If a company produces during this level, marginal income is lower than marginal cost.

This ensures that for each additional production unit, the company loses profit and should deliver less. MR > MC the company produces less and may increase income by higher output.

To sum up, MR > MC the company produces less and can make profit by increasing production MR < MC the company produces more and can earn a profit by reducing the output.

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What are some choices you have made/could make that would influence your future choices and options?i rly need someone's help asap, thanks in advance! (not business, it's career ed. just chose the subject closest to it).​

Answers

Answer:

I would have good company.

I would ensure that I have good communication skills.

I would have a mentor in my choice of career/study or life in general.

I would have a personal relationship with God.

Explanation:

In order for me to influence my future choices positively,I have to uphold certain principles or values like honesty,open mindedness and tolerance so as to achieve my goals.

gomez corporation uses the allowance method to account for uncollectibles. on january 31, it wrote off an $1,600 account of a customer, c. green. on march 9, it receives a $1,100 payment from green. prepare the journal entry for january 31. prepare the journal entries for march 9; assume no additional money is expected from green.

Answers

The journal entries for Gomez Corporation for January 31 and March 9 are being prepared below. This would record the partial recovery of the previously written-off amount.

Journal Entries in the books of Gomez Corporation

                           (as on January 31)


For January 31, when Gomez Corporation writes off the $1,600 account of customer C. Green using the allowance method, the journal entry would be:

1. Debit Allowance for Doubtful Accounts: $1,600
2. Credit Accounts Receivable - C. Green: $1,600

Journal Entries in the books of Gomez Corporation

                              (as on March 9)

The journal entries for March 9, when Gomez Corporation receives a $1,100 payment from C. Green and no additional money is expected, are as follows:

1. Debit Cash: $1,100
2. Credit Allowance for Doubtful Accounts: $1,100

To learn more about "Journal entries" visit: brainly.com/question/15584611

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An annual shortage of roses drives up their cost arounda. Labor Day.
b. Independence Day.
c. Thanksgiving.
d. Valentine's Day.

Answers

d, valentines day.......

d. valentine's day, the most romantic day of the year!

Which principle of design is used to make one element of a design stand out? A.) proximity

B.) emphasis

C.) gradation

D.) alignment

Answers

B is the correct answer.
B. Emphasis because it will expand the design of the design

The MAIN reason suppliers offer cash discounts is to try to encourage.a. early payment,
b. larger orders,
c. new accounts,
d. multiple purchases

Answers

The answer is A. Early payment

In Cash discounts, buyers will have the incentive to reduce the amount owed to the seller if they pay their liability faster than the Deadline

For example, the sellers can offer a 2 % discounts if the buyers make a payment within 10 days, while the actual deadline is 30 days

Answer:

Explanation:

A

On April​ 1, 2019, Barnes Services received a​ 9-month note for​ $12,000 at​ 12%. Calculate the amount of interest due at maturity.​ (Round any intermediate calculations to two decimal​ places, and your final answer to the nearest​ dollar.)

Answers

Answer:

$1,043

Explanation:

Assuming a 12% annual rate, we can convert it to a quarterly rate.

The equivalent quarterly rate is 2.9%.

9 months is the sames as 3 quarters, therefore, we can use the following formula to find the full value of the note at maturity:

12,000 = X (1 + 0.029)^3

12,000 = X(0.92)

12,000/0.92 = X

13,043 = X

Therefore, the interest due at maturity is:

13.043 - 12,000 = 1,043
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