Accumulated Depreciation-Building
$365,000
Peter Bronsky, Capital
Peter Bransky, Drawing
$530,000
Administrative Expenses
Buliding
810,000
Sales
15,000
Cash
70,000
Sales Tax Payable
1,437,000
Cast of Merchandise Sold
775,000
Selling Expenses
4.500
Interest Expense
6,000
Store Supplies
160.000
Merchandise Inventory
115,000
Store Supplies Expense
16,000
Notes Payable
21.500
Prepare the July 11, 2019, sing entries for Serbian Intenors Company in the order as presented in the chape
For a compound transaction, an amount box does not require an entry leave blank
July 31
Answers
This journal entry, as below, records the repayment of notes payable in cash. These journal entries for Serbian Interiors Company on July 11, 2019 are as follows.
What are the journal entries for Serbian Interiors Company on July 11, 2019?Journal Entries:
Accumulated Depreciation - Building $365,000Building $365,000(This entry records the depreciation expense on the building).
Peter Bronsky, Capital $530,000Peter Bronsky, Drawing $530,000(This entry records Peter Bronsky's capital and his drawing from the business}.
Administrative Expenses $810,000Cash $810,000(This entry records the payment of administrative expenses in cash).
Sales $15,000Cash $15,000(This entry records the cash sales made by the company(
Sales Tax Payable $1,437,000Cash $1,437,000(This entry records the collection of sales tax payable in cash).
Cost of Merchandise Sold $775,000Merchandise Inventory $775,000(This entry records the cost of merchandise sold and reduces the merchandise inventory).
Selling Expenses $4,500Cash $4,500(This entry records the payment of selling expenses in cash).
Interest Expense $6,000Cash $6,000(This entry records the payment of interest expense in cash).
Store Supplies $160,000Cash $160,000(This entry records the purchase of store supplies in cash).
Merchandise Inventory $115,000Store Supplies Expense $115,000(This records the consumption of store supplies as an expense and reduces the merchandise inventory).Notes Payable $21,500Cash $21,500(This entry records the repayment of notes payable in cash)
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Related Questions
planned investment plus unintended increases in inventories equals
Answers
Planned investment refers to the amount of investment that a company intends to make in a given period of time. On the other hand, unintended increases in inventories refer to the unplanned increase in the level of inventories that a company holds due to factors such as overproduction, decreased demand, or supply chain disruptions.
When we add these two components together, we get the total amount of investment that a company has made during a specific period. This figure is important for analyzing a company's financial performance, as it provides insights into the company's production capacity, inventory management, and overall financial health. Additionally, it can be used to predict future investment patterns and to identify potential areas for improvement in a company's operations. Overall, planned investment plus unintended increases in inventories is an essential metric for understanding a company's financial position and investment strategy.
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Which statements apply to a certificate of deposit (CD)? Check all that apply. It is always purchased as a short-term investment. It can be purchased from a banking institution. It is always purchased as a long-term investment. It can be purchased for almost any amount. It is purchased through an individual's employer.
Answers
The statements that apply to a certificate of deposit include;
It can be purchased from a banking institution. It can be purchased for almost any amount.A certificate of deposit is a low-risk investment where the depositor fixes a sum of money in an account for a period of time after which he can collect the investment along with interest accrued. Banks and credit unions are the main financial institutions known for issuing certificates of deposits. It is quite similar to opening a bank account.
The flexibility obtainable from this investment plan allows depositors to fix amounts that are commensurate to their budgets. However, some financial institutions have minimum amounts that are required for certificates of deposit. Different institutions have varying interest rates, therefore, it is necessary to make proper research before opting for an institution.
Summarily, the statements that apply to a certificate of deposit are;
It can be purchased from a banking institution. It can be purchased for almost any amount.Learn more about certificates of deposits here:
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Answer:
-It can be purchased from a banking institution.
- It can be purchased for almost any amount.
Explanation: just took the test
In 500 words, describe how your family is conserving, reusing, and recycling resources. Also describe what more your family might do to protect the environment.
Answers
Reusing by using outfits or jeans that aren’t dirty and don’t deserve to be in the washer.Conserving by going to school.What you can do is turn off other peoples lights when they forget to.
Answer:
(Answers may vary.)
My family is conserving, reusing, and recycling resources in the following manners:
We keep a compost bin outside our house. We throw fruit peels and other natural wastes in the compost bin. These wastes decompose in the bin and turn into fertilizer eventually. We then use this as fertilizer for our garden, where we grow tomatoes, corn, cucumbers, watermelon, cantaloupes, and beans.
We use bicycles to travel wherever possible to prevent environmental pollution caused by the use of gasoline. We prefer to walk short distances. Walking helps our bodies exercise and helps save fuel too. When we take trips we usually take mass transit to save on gas. Our family carpools as often as possible to save on gas.
We believe in gifting memorable experiences to friends and family members on birthdays instead of articles such as toys or gadgets. Materials such as toys may deteriorate over time with repeated use, break, and add to wastes. However, experiences such as going hiking or visiting a museum remain with you for lifetime as pleasant memories.
We turn off the lights when not required or when nobody is present in a room. In the summertime, we keep the air conditioning at 79 degrees so that it is not overused. Whenever possible, we cool the house by opening the windows. We’ve planted trees around the house so that in the future, shade will be the primary source of cooling. In the winter, we keep the house cooler and dress warmly. Sometimes we have a wood fire to keep the house warm. We also turn computers and other appliances off when not in use.
We reuse the bottles containing fruit jams as containers. Whenever possible, we make our own jams and jellies. We also use the containers to hold small items such as nails, pushpins, and paper clips. We’ve converted some of these jars into piggybanks and also use them for crafts. My mother uses them as gifts sometimes by decorating them with ribbons and pretty fabric.
In order to protect the environment, we can additionally take below steps:
Plant trees in our neighborhood. Trees provide oxygen and improve the quality of the air. When the neighborhood has lots of trees, not only is the air quality improved, it provides shade to cool the homes. That way, air conditioning is not used as often.
Use carpooling to travel long distances such as to work or the store to control the use of automobiles. Many cities encourage the use of carpooling by providing high-occupancy-vehicle (HOV) lanes.
Grow herbs and vegetables in the backyard to eat fresh and healthy food as well as save energy on transportation. Transportation of food is a major cost and can lead to environmental harm. By growing our own food, we do our part in saving on transportation pollution.
Use recyclable materials for containers. By supporting companies that use recycled materials for packaging, we use our dollar vote to support the environmental efforts of these companies.
Explanation: Edementum
What do you think of the business meeting being held at the opening of the film? How foes it differ from business meetings in america? Discuss at least 2 differences
Answers
Answer:
Business meeting is held in virtual meeting rooms or in conference rooms.
Explanation:
Business meeting should not held at the opening of the because no issue can be discussed at that time properly. Business meeting should be held at proper time and at proper place where no interference of anyone happens during meeting. In America, business meeting held in a conference rooms or in virtual meeting rooms where people from other countries also take part in the meeting through online.
If you use another banks ATM, there will be no fee charged.True or False?
Answers
The statement If you use another banks ATM, there will be no fee charged is False.
What is ATM?ATM which full meaning is automated teller machine can be defined as a computerized machine that enables people to have access to their fund and for a person to make use of an automated teller machine the person must have an ATM debit cards
The statement is false because if an person make use of another bank ATM the person will be charges some fees.
Therefore the statement If you use another banks ATM, there will be no fee charged is False.
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Pat promises to install granite countertops in the home at 123 Main Street that Bruce is purchasing "provided that the escrow on the sale of 123 Main Street closes." The close of escrow on the sale of 123 Main Street is a condition precedent to Pat's promise.a) trueb) false
Answers
Answer: True
Explanation:
From the question, we are informed that Pat promises to install granite countertops in the home at 123 Main Street that Bruce is buying provided that the escrow on the sale of 123 Main Street closes.
The close of escrow on the sale of 123 Main Street is a condition precedent to Pat's promise is true. This is because Pat will only fulfil her promise given that there is a close of escrow on the sale of 123 Main Street.
The career cluster which provides security and protection for the public is___.
A.Law, Public Safety Corrections, and Security.
B.Hospitality and Tourism.
C.Human Services.
D.Information Technology
Answers
Answer:
A.Law, Public Safety Corrections, and Security.
Explanation:
Officers in the Law, Public Safety Corrections, and Security cluster protect properties and citizens' lives. Job titles in this cluster include police officers, security guards, lawyers, correctional officers, and legal assistants.
Works in this cluster revolve around jails, police stations, courts, correctional facilities, and public places where people require security and protection.
On July 1, Robles Metal Products had a beginning inventory of $505,700. During the quarter, goods costing $290,900 were manufactured. The inventory at the end of September was $485,300. During the quarter, Robles' net sales were $759,200. What was the cost of goods sold for the quarter? What was Robles's gross profit for the quarter?
Answers
Answer:
Instructions are below.
Explanation:
Giving the following information:
beginning inventory= $505,700
Cost of goods manufactured= $290,900
Ending inventory= $485,300
Net sales= $759,200.
To calculate the cost of goods sold, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 505,700 + 290,900 - 485,300
COGS= $311,300
Now, we can determine the gross profit:
Gross profit= net sales - COGS
Gross profit= 759,200 - 311,300
Gross profit= 447,900
A new computer firm analysed its cost function for the past 12 months. The firm pays $2000 every month for rent and an annual fee of $2500 for insurance. Although the cost of raw materials changed constantly, the firm was surprised at the total amount of $300 to be paid to suppliers given its output for the year. Finally for each additional worker that the firm employed, it incurred the following costs of $3, $3.25, $3.50,$3.75, $4 to produce each additional unit output.
From the data given for the computer firm, calculate EACH of the following costs:
Fixed costs
Total cost
Marginal cost
Answers
Answer:
fixed cost-26, 500
marginal cost-314. 50
total including both fixed and marginal add the two- 26,814.50
In what way does a deductible help an insurance company?
Answers
Answer:
deductible help insurance companies share costs with police holders when they make claims
Explanation:
Answer:
It lowers the payout the company has to make.
Explanation:
Most often, a lower deductible means higher monthly payments. If you have a low deductible, you have more coverage from your insurance company and you have to pay less out of pocket in the case of a claim. A higher deductible means a reduced cost in your insurance premium.
A 9-year project is expected to provide annual sales of $161,000 with costs of $90,000. The equipment necessary for the project will cost $285,000 and will be depreciated on a straight-line method over the life of the project. You feel that both sales and costs are accurate to +/-10 percent. The tax rate is 35 percent. What is the annual operating cash flow for the worst-case scenario? $44,718 $29.835 O $40.918 O $73,548 O $27148
Answers
Operating Cash Flow = $14,233 * (1 - 0.35) + $31,667 = $13,166
To calculate the annual operating cash flow for the worst-case scenario, we need to use the following formula:
Operating Cash Flow = EBIT*(1-Tax Rate) + Depreciation
where EBIT (Earnings Before Interest and Taxes) is calculated as:
EBIT = Sales - Costs - Depreciation
In the worst-case scenario, both sales and costs are accurate to +/-10 percent. Therefore, the minimum sales would be $144,900 ($161,000 - 10%) and the maximum costs would be $99,000 ($90,000 + 10%).
The straight-line depreciation expense per year would be:
Depreciation Expense = Equipment Cost / Project Life = $285,000 / 9 = $31,667
Now we can calculate the EBIT for the worst-case scenario:
EBIT = $144,900 - $99,000 - $31,667 = $14,233
And the annual operating cash flow would be:
Operating Cash Flow = $14,233 * (1 - 0.35) + $31,667 = $13,166
Therefore, the answer is $13,166.
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why is self-representation important in the corporate world?
Answers
The correct answer is A. It determines the kind of interaction you have with your coworkers.
What is self-representation?Self-representation is the word used to describe people's conceptions, ideas, and beliefs about themselves and how these ideas, beliefs, and conceptions affect the way they present themselves to others.Additionally, one's self-perception affects attitudes, behaviors, and interactions with others. For instance, if you think of yourself as superior to others, you probably have arrogance, which will negatively affect your dealings with others. This is especially important in the business environment because it may have an impact on relationships with colleagues. This states that self-representation is crucial because "it controls the interactions you have with your coworkers." A is the right response. Your interactions with coworkers are influenced by it.The complete question is,
Why is self-representation important in the corporate world?
a. It determines the kind of interaction you have with your coworkers.
b. It determines the percentage of salary increases during appraisals.
c. It shows that you are an honest person with strong work ethics.
d. It shows your self-management abilities.
e. It helps you avoid conflicts
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if the price of a dvd is $20 and the price of a spy novel is $10, and jason has $60 to spend on these two goods, how many of each does he buy if he is maximizing utility?
Answers
Jason should buy 2 DVDs and 4 spy novels if he wants to maximize his utility, given the prices of the goods and his budget of $60.
To determine how many DVDs and spy novels Jason should buy to maximize his utility, we need to use the principle of utility maximization. This principle states that consumers will allocate their budget in a way that maximizes their total utility, given the prices of the goods and their individual preferences.
Let's assume that Jason's utility function for DVDs and spy novels can be represented as follows:
U(DVDs, spy novels) = a(DVDs)^b(spy novels)^c
where a, b, and c are constants that represent Jason's individual preferences.
To solve for the optimal combination of DVDs and spy novels that maximizes Jason's utility, we need to use the budget constraint. The budget constraint states that the total amount spent on both goods cannot exceed the total budget of $60.
Mathematically, the budget constraint can be represented as follows:
20DVDs + 10spy novels = 60
To solve for the optimal combination, we need to use the Lagrangian method of optimization. This involves setting up a Lagrangian function that includes the utility function and the budget constraint, and then solving for the values of DVDs and spy novels that satisfy the first-order condition of the Lagrangian.
After solving for the Lagrangian, we get the following results,
Jason should buy 2 DVDs and 4 spy novels to maximize his utility, given his budget constraint and individual preferences.
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who looks over the land and determines the best location for the structure.
Answers
Answer:
what does this mean
Explanation:
7. Another example of opportunity cost is a company's cost of capital. Suppose a manufacturer wants to add
microwave ovens to its product line. To do this, it must invest $500,000 in new equipment.
Besides the original investment, the company estimates it would spend $200,000 per year on production
costs for labor and materials. It also estimates that it could sell about $225,000 worth of microwave ovens
each year. Would it benefit the company to manufacture the microwave ovens if it could earn 10 percent
interest by purchasing U.S. Treasury bonds with the $500,000? Explain your answer.
Answers
Answer:
You should invest in US bonds because you will be able to earn a higher return than if you build and sell microwaves.
Explanation:
alternative 1, build and sell microwave ovens:
initial outlay = $500,000
net cash flow per year = $225,000 - $200,000 = $25,000
alternative 2, invest in US securities:
investment = $500,000
net cash flow per year = $500,000 x 10% = $50,000
Opportunity costs are the benefits lost or extra costs resulting from choosing one activity or investment over another.
If you choose to build and sell microwaves, you will not be able to invest in bonds, and therefore, your net income will decrease by $25,000 - $50,000 = -$25,000.
Instead, if you invest in bonds and not microwaves, your net income will increase by $50,000 - $25,000 = $25,000.
You should invest in US bonds because you will be able to earn a higher return than if you build and sell microwaves.
The calculation is as follows:alternative 1, build and sell microwave ovens:
initial outlay = $500,000
So,
net cash flow per year = $225,000 - $200,000 = $25,000
now
alternative 2, invest in US securities:
investment = $500,000
net cash flow per year = $500,000 x 10% = $50,000
In the case when you choose to build and sell microwaves, you will not be able to invest in bonds, and therefore, your net income will decrease by $25,000 - $50,000
= -$25,000.
Now
Instead, if you invest in bonds and not microwaves, your net income will increase by $50,000 - $25,000
= $25,000.
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based on the rubric provided and the description of the project, what is the most likely learning objective for this project?
Answers
The most likely learning objective for this project is to develop proficiency in analyzing and evaluating complex data sets to make informed decisions.
The project description suggests that the project involves working with data sets and utilizing analytical skills to inform decision-making. Therefore, the primary learning objective is likely to be focused on developing proficiency in analyzing and evaluating complex data sets. This objective would entail acquiring the knowledge and skills necessary to effectively interpret and extract meaningful insights from the data. Additionally, the objective may involve understanding various data analysis techniques, such as statistical analysis, data visualization, or predictive modeling, depending on the specific requirements of the project.
The learning objective also emphasizes making informed decisions based on the analyzed data. This indicates a need for developing critical thinking and problem-solving skills to apply the insights derived from the data analysis process. It may involve understanding how to identify patterns, trends, and correlations in the data, as well as how to draw logical conclusions and recommendations from the findings. Furthermore, the objective may include the ability to communicate the results effectively, both orally and in written form, to stakeholders or decision-makers, ensuring that the analyzed data is presented in a clear and concise manner that facilitates understanding and informed decision-making.
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Assignment Score: 0% Resources "Study Finds Enrollment Is Up at Colleges Cive Lipt Recession." Hint Question 1 of 15 > The Big Ideas: End of Chapter Problem A headline in the New York Times read: "Study Finds Enrollment Is Up at Colleges Despite Recession." How would you rewrite this headline now that you understand the idea of opportunity cost?
Answers
Given the headline: "Study Finds Enrollment Is Up at Colleges Despite Recession," the concept of opportunity cost can be introduced by modifying the headline to read as "Despite Recession, Colleges Continue to Attract More Enrollment.. Opportunity cost is a concept that refers to the benefits that are forgone when an individual chooses an option over another.
In the given headline "Study Finds Enrollment Is Up at Colleges Despite Recession," we could rephrase the headline in a way that highlights the opportunity cost of enrolling in college, despite the recession. We can say "Despite Recession, Colleges Continue to Attract More Enrollment" to convey the idea of opportunity cost more effectively.
Opportunity cost is a concept that refers to the benefits that are forgone when an individual chooses an option over another. For instance, when a person chooses to attend college, the opportunity cost includes the loss of income that could have been earned if they opted to work instead. Despite the recession, colleges continue to attract more enrollment. Therefore, the rephrased headline would read "Despite Recession, Colleges Continue to Attract More Enrollment."
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Jim had a very good quarter at his car lot with net sales reaching just over $456,000. This created a net income of $195,000. If Jim’s operating expenses last quarter were $23,000, what was his gross profit margin?
A. 5.0%
B. 37.7%
C. 42.8%
D. 47.8%
Answers
Answer:
d. 47.8%
Explanation:
i took the test
47.8% was Jim's gross profit margin. The correct option is D.
What is a good general profit margin?Although net profit margins differ by industry, the Corporate Finance Institute states that 20% is good, 10% is average or standard, and 5% is low or poor. Companies can pay their expenses and make a profit when their profit margins are high.
Given
Net Sales = $456,000
Net Profit = $195,000
Expenses = $23,000
Required to Calculate Gross Profit Margin here =?
Gross Profit Margin = Gross Profit x 100 / Net sales
Gross Profit = Net Profit + Operating Expenses
= 195,000 + 23,000 = $218,000
Gross Profit Margin = 218000 x 100 / 456000 = 47.8%
Net sales less cost of goods sold is how the analytical metric known as the gross profit margin is expressed for a business (COGS). The gross profit as a percentage of net sales is known as the gross profit margin. 47.8% was the gross profit margin.
Thus, the ideal selection is option D.
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Which of these is a positive economic statementA. Farming sector should be brought within the ambit of taxation B. Public outlay on infrastructure shold be increased to pace with developed economies C. Government oil subsidy burden is mounting day by day D. CRR sould be hardened to check inflation
Answers
The positive economic statement among the given options is: Public outlay on infrastructure should be increased to pace with developed economies.
In economics, positive economic statements are statements that can be objectively tested or proven true or false. They are based on facts and do not involve value judgments. Positive economic statements are descriptive in nature and focus on what is, rather than what should be. They can be supported or refuted using empirical evidence.
Out of the given options, option B: 'Public outlay on infrastructure should be increased to pace with developed economies' is a positive economic statement. This statement suggests an action that can be objectively tested or proven true or false. It does not involve value judgments and focuses on what should be done to match the infrastructure spending of developed economies.
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Explain the difference between budget surplus and budget deficit.
Answers
Answer: budget surplus is when you have more more left over after you budget and deficit is when you went over your budget.
Explanation:
Answer:
The opposite of a budget deficit is a budget surplus. When a surplus occurs, revenue exceeds current expenses and results in excess funds that can be allocated as desired. In situations in which the inflows equal the outflows, the budget is balanced.
Explanation:
_____ is a process of choosing securities in order to create a portfolio that provides an acceptable level of return and an acceptable exposure to risk.
Answers
Investment management is the process of choosing securities to create a portfolio that provides an acceptable level of return and an acceptable exposure to risk.
Investment management is the process of choosing securities to create a portfolio that provides an acceptable level of return and an acceptable exposure to risk. It involves analyzing the financial markets, assessing investment opportunities, and making informed decisions on how to allocate resources across various asset classes. Investment managers use a variety of techniques and tools, such as diversification and asset allocation, to minimize risk and maximize returns. They also monitor the performance of the portfolio over time, making adjustments as necessary to maintain the desired level of risk and return. A well-managed portfolio can provide investors with a steady stream of income, growth potential, and protection against inflation. Overall, the goal of investment management is to create a portfolio that meets the investor's specific needs and objectives, while minimizing risk and maximizing returns.
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If a person wants to work from home in the Business, Management and Administrative careers, what is required?
a cubicle to keep the person on task
a private office to protect confidential information
proper technology to keep the person connected
proper travel arrangements to meet with customers
Answers
Answer:
proper technology to keep the person connected
Answer:
proper technology to keep the person connected
Explanation:
A person in the Business, Management, and Administrative career have a desk and computer in the office. For them to work efficiently, they will need to have a similar setting at home. In the office, they are most likely connected to the company's private network via the intranet.
To work from home efficiently, the person will need a strong and reliable technology to stay in touch with the official business. He or she will require access to the office files and programs while at home. Technology will be required to facilitate the seamless flow of information between him, his colleagues, and supervisors.
Risk can be thought of as the possibility of incurring??
Answers
Answer:
Risk can be thought of as the possibility of incurring a loss.
Explanation:
Loss.
Your friend Reggie needs to write a resume and asked for your help. In at least 150 words, create a guide for Reggie. What are the essential parts of the resume? What will he need to include? What will he need to avoid? Include information about how he should organize.
Answers
Answer:
Name
Address
Contact Number
Objective
Work Experience
Extra Curricular Activities
School Graduated
Referral
Signature
Explanation:
Simple steps in making a Resume
.Which of the following ratios shows the relationship between gross income and money saved?
A. Debt ratio
B. Current ratio
C. Liquidity ratio
D. Debt payments ratio
E. Savings ratio
Answers
The ratio that shows the relationship between gross income and money saved is the Savings ratio. The correct answer is option e.
The Savings ratio, also known as the Savings-to-Income ratio, measures the proportion of gross income that an individual or entity saves or sets aside for future use. It indicates how much of the income is being saved rather than spent.
The formula for calculating the Savings ratio is:
Savings ratio = Money Saved / Gross Income
By comparing the amount of money saved to the total gross income, the Savings ratio provides insights into an individual's or entity's saving habits and financial discipline. A higher Savings ratio indicates a higher proportion of income being saved, which is generally considered favorable for financial stability and long-term planning.
The other ratios mentioned (Debt ratio, Current ratio, Liquidity ratio, Debt payments ratio) are not specifically related to the relationship between gross income and money saved. They measure different aspects of a company's financial health, such as debt levels, liquidity, and debt payment capabilities.
The correct answer is option e.
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Consumer surplus will _____ when a monopolist goes from single-price monopoly to perfect price discrimination.
Answers
Consumer surplus will increase when a monopolist moves from a one-price monopoly to perfect price discrimination.
What is a monopoly?It corresponds to a market structure where, for some reason, there is only one company offering a product or service in the sector, which means that it has greater control over prices and offers.
Therefore, in a situation of perfect price discrimination, the consumer's surplus will increase, because he has the right to choose to consume from the company that offers the price most in line with his needs.
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What should you do before giving contact information for your references to a potential employer? A. Notify references and get their permission. B. Write a follow-up letter. C. Research the company on its website. D. Introduce your references to each other. picor provided
Answers
Explanation
If you notify and get permission from your reference, they will be prepared with a great response when they get a call from your potential employer.
The goal of a pitch Deck is to get investor’s attention true or false
Answers
Answer:
true
Explanation:
True. A pitch deck is a visual presentation that is used to provide potential investors with an overview of a company's business plan, financials, and growth potential. The goal of a pitch deck is to capture the investor's attention and interest, and to persuade them to invest in the company. A good pitch deck should be clear, concise, and persuasive, and should highlight the key points that investors need to know in order to make an informed decision about whether to invest in the company.
format of a presentation essay
Answers
main body of presentation should include for/against if applicable and an evaluation of the points raised
a conclusion
Indicate the point where a monopoly will set its price.
Answers
Answer:
A monopoly will set its price at the point where marginal cost and marginal revenue intersects or meet (MC = MR).
Explanation:
A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. Thus, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.
For example, a public power company that serves as the only power utility (electricity) provider to the public.
Generally, a monopoly will set its price at the point where marginal cost and marginal revenue intersects or meet (MC = MR). This is simply because a monopoly would derive the maximum profit at the point where MC = MR.
Answer:
The dot where green and red meet.
Explanation: