Denver Corporation purchased a patent for $405,000 on September 1, 2016. It had a useful life of 10 years. On January 1, 2018, Denver spent $99,000 to successfully defend the patent in a lawsuit. Denver feels that as of that date, the remaining useful life is 5 years. What amount should be reported for patent amortization expense for 2018
Answers
Answer:
amount that should be reported for patent amortization expense for 2018 will be $90000.27
Explanation:
given data
purchased patent = $405,000
useful life = 10 years
spent = $99,000
remaining useful life = 5 years
solution
first we get here amortization from September 1, 2016 - January 1, 2018 that is
September 1 - december 31 = \(\frac{4}{12}\) = 0.333333
amortization = (1 + 0.333333) × (405000 ÷ 10)
amortization = $53998.65
and
now we get remaining value before defence
remaining value = $405,000 - $53998.65
remaining value = $351001.35
and
now we get here amount to be reported for patent amortization expense for 2018
amount = ( $351001.35 + $99,000 ) ÷ 5
amount = $90000.27
so amount that should be reported for patent amortization expense for 2018 will be $90000.27
Related Questions
When an investor is not interested in owning their own business, why do they need to understand entrepreneurship?
Answers
Understanding entrepreneurship is important for investors, as it helps them evaluate investment opportunities and make informed decisions.
Why an Investor Need to Understand Entrepreneurship?Even if an investor is not interested in owning their own business, understanding entrepreneurship is still essential. It allows investors to assess the potential of entrepreneurial ventures they may invest in, evaluate the skills and capabilities of entrepreneurs, and make informed investment decisions.
Understanding entrepreneurship helps investors navigate the business landscape, identify innovative and profitable opportunities, and comprehend the risks and challenges associated with entrepreneurial ventures, thereby maximizing their chances of making successful investments.
Learn more about entrepreneurship on:
https://brainly.com/question/1027717
#SPJ1
Where should a user store frequently used icons on a computer?
Answers
Answer: they should be loaded on the tool bar
Explanation:
for quick and easy access
How does earning an A in an honors course benefit your GPA?
a
Honors course grades are weighted and keep your GPA from decreasing.
b
Honors course grades are weighted, increasing the points factored into your GPA.
c
Honors course grades are unweighted and keep your GPA from decreasing.
d
Honors course grades are unweighted, increasing the points factored into your GPA.
Answers
Answer:
i think its A
Explanation:
Workers over forty tend to be motivated by intrinsic motivators.
True
False
Answers
Answer: true
Explanation:
i sorta just guessed
On October 1, Sam's Painting Service borrows $164000 from National Bank on a 3-month, $164000, 4% note. What entry must Sam's Painting Service make on December 31 before financial statements are prepared?A. Interest Expense 500 Interest Payable 500B. Interest Payable 500 Interest Expense 500C. Interest Expense 2,000 Interest Payable 2,000D. Interest Expense 500 Notes Payable 500
Answers
Answer:
{Debit] Interest expense $1,640
[Credit] Interest payable $1,640
Explanation:
Annual 12 month interest = $164,000 * 4% = $6,560
No of months from 1 Oct to 31 Dec = 3 months
Interest expense to be recorded as ‘payable’ for 3 months = $6,560 * 3 months/12 months = $6,560 * 0.25 = $1,640
Entry will include:
{Debit] Interest expense $1,640
[Credit] Interest payable $1,640
Calculating Income Tax Expense
Given the following.
Taxable Income $400k
Future taxable amounts $30k
Future deductible amounts $50k
Beginning Balances DTA $10k
Beginning Balances DTL $40k
Tax rate 30%.
1. What is the income tax expense?
2. What is the DTA year end balance?
3. What is the DTL year end balance?
4. What is the income tax expense?
5. What is the originating/reversing amount for the future taxable amount and for the deductible amount of the current year?
Answers
The income tax expense is $120k
The DTA year-end balance is $10k
The DTL year-end balance is $40k
The origination amount for the future deductible amount is $15k, and the reversing amount is also $15k.
How to Solve the Problem?1. To calculate the income tax expense, we need to first calculate the taxable income.
Taxable Income = $400k
Tax rate = 30%
Income tax expense = Taxable Income * Tax rate
Income tax expense = $400k * 30% = $120k
2. The DTA (Deferred Tax Asset) year-end balance can be calculated as follows:
Beginning Balance DTA = $10k
Future deductible amounts = $50k
Origination amount for the deductible amount = $50k * 30% = $15k
Reversing amount for the deductible amount = $15k
DTA year-end balance = Beginning Balance DTA + Origination amount - Reversing amount
DTA year-end balance = $10k + $15k - $15k = $10k
3. The DTL (Deferred Tax Liability) year-end balance can be calculated as follows:
Beginning Balance DTL = $40k
Future taxable amounts = $30k
Origination amount for the taxable amount = $30k * 30% = $9k
Reversing amount for the taxable amount = $9k
DTL year-end balance = Beginning Balance DTL + Origination amount - Reversing amount
DTL year-end balance = $40k + $9k - $9k = $40k
4. The originating/reversing amount for the future taxable amount and the future deductible amount of the current year have already been calculated in questions 2 and 3. The origination amount for the future taxable amount is $9k, and the reversing amount is also $9k. The origination amount for the future deductible amount is $15k, and the reversing amount is also $15k.
Learn more about income tax here: https://brainly.com/question/23687799
#SPJ1
How might the use of credit for a large purchase affect your budget?
Answers
Using credit to make a significant purchase can have immediate and long-term consequences for your finances. Before making a decision, it is critical to carefully consider your options and the potential consequences.
How the use of Credit can affect Budget?Using credit for a abundant purchase can have a meaningful affect your budget in various habits:
Increased monthly fees: If you select to finance your purchase utilizing a charge card or loan, you will likely should create weekly fees that include two together the principal amount and interest. This can increase your weekly expenses and humble the amount of services you have handy for added expenses.Accumulation of bill: If you cannot afford to create the weekly fees, you grant permission finish up increasing deficit. This can bring about interest charges and fees that can fast calculate and manage even challenging to pay the obligation.Lower credit score: If you have excessive deficit or miss fees, your credit score can be in another way damaged. This can manage harder for you to get credit from now on, or influence bigger interest rates and payments.Opportunity cost: By utilizing credit to make a big purchase, you can be yield different convenience. For example, if you are pay off a big loan, you concede possibility not within financial means save as much for retreat or different main aims.Learn more about credit purchase here: https://brainly.com/question/30245409
#SPJ1
Dale is a guitar teacher and Terrence is a tile layer. If Dale teaches Terrence's daughter to play the guitar in
exchange for Terrence tiling Dale's kitchen floor,
a. only Dale is made better off by trade.
O b. both Dale and Terrence are made better off by trade.
c. neither Dale nor Terrence are made better off by trade.
O d. only Terrence is made better off by trade.
Answers
If Dale teaches Terrence's daughter to play the guitar in exchange for Terrence tiling Dale's kitchen floor Option B. both Dale and Terrence are made better off by trade.
In this scenario, Dale is a guitar teacher and Terrence is a tile layer. Dale teaches Terrence's daughter how to play the guitar in return for Terrence tiling Dale's kitchen floor. It is a classic example of trade and bartering. Dale, the guitar teacher, would have had to pay for tile installation if he hadn't bartered with Terrence, the tile layer. Terrence, on the other hand, would have had to pay for guitar lessons if he hadn't traded with Dale.
Both Dale and Terrence, therefore, benefit from the trade, and they are both better off as a result. Because Dale receives tile installation in exchange for teaching guitar lessons, and Terrence receives guitar lessons in exchange for tile installation, both benefit.
In conclusion, the answer is (b) both Dale and Terrence are made better off by trade. When both parties are better off after a trade, it is known as a mutually beneficial trade. Trade, in general, promotes mutual gains by allowing people to concentrate on what they do best and exchange their output with others for goods and services that they desire. Therefore, the correct option is B.
Know more about Trade here:
https://brainly.com/question/24431310
#SPJ8
An investor sells 150 shares of Amazon (AMZN) stock at $35.00 and pays a $7 commission. What is the total amount of money received by the investor ?
$5,243
$5,250
$5,520
Please help me answer it correctly
Answers
Answer:$5,257 well....thats not an option so im sorry....if i were to guess based on answer opitons i would pick $5,243
Explanation:
:)
Sheila and her team were able to successfully implement an IS in a hospitality organization. Match the success factors to their meanings.
increased visibility
increased efficiency
better quality
reduced cycle time
reduced process time in different areas
real-time status or availability of any process or product
faster execution of each process
high quality standards of products and processes
Answers
Answer:
Increased visibility- real-time status or availability of any process or product
increased efficiency - reduced process time in different areas
better quality- high-quality standards of products and processes
reduced cycle time-faster execution of each process
did get it right?
!!!!! WORTH 50 POINTS !!!!!
____________________________________
Explain how interest is earned
Describe a savings account
Answers
Interest can be earned on money when it is deposited in a bank in a savings account or if the money is provided as a loan to an individual or an institution.
What is Savings Account?Savings account is the account that an financial institution offers where the customer can deposit its money and can earn interest income on it. The interest rate depends on the terms on which the money is deposited, long term deposits for example 5-10 years bear a better interest rate as compared to a short term deposit.
Interest is earned on the money that is deposited in a savings account, the money is invested by the financial institution from where they earn returns and pay them back to the customer in the form of interest income. The investment by financial institutions are made at different areas so the income generation is confirmed.
Learn more about savings account at https://brainly.com/question/27431999
#SPJ1
once you chose your traget market what is next step
Answers
Once you chose your target market the next step is to formulate a strategy for getting the people in that segment to patronize you. This thought process is called Market Analysis and Strategy.
What is Market Analysis and Strategy?This refers to the process of:
Studying the marketClassifying them into various demographics and psychographicsIdentifying the market that have a need for your services (target market)Positioning ones business to attract the consumers in that target segment.One step that can be taken to attract customers in the target market is advertising.
Learn more about marketing at;
https://brainly.com/question/25754149
#SPJ1
Discuss the different cost–benefit analyses that companies must take into account when they formulate an IT strategic plan.
Answers
Answer:
The various cost-benefit analyses that companies must take into account when they formulate an IT strategic plan are:
Analysts use the net present value (NPV) Return on Investment (ROI) Breakeven analysisExplanation:
To formulate an IT strategic plan means to create an IT plan that helps with the organization's long-term and short-term objectives. Many times there are several alternatives to select from. The alternative with the greatest amount of benefit and at the least cost to the organization is the best.
A comparison between the cost and the benefits of each alternative is called cost-benefit analyses. Note that "analyses" is plural.
Some of the methods that are utilized to evaluate each alternative plant for costs against benefits are:
Net Present Value (NPV) approach adopts the investment point of view in the analysis of the cost and the benefits accruable from an IT Strategic Plan.
NPV examines the present value of cash inflows and the present value of cash outflows over a period of time with a view to compare the difference between both factors. When applied to IT strategies, it is assumed that the benefits accruable from the IT project can be compared in monetary terms. A project with a positive NPV is a viable project. Those with zero NPV will return exactly the amount invested. A negative NPV is a loss. The project with the highest NPV is the most valuable in terms of cost versus benefits.
Return on Investment (ROI)
This approach is similar to the NPV. The project with the highest ROI and the least cost will pass for the best IT strategy.
Return on Investment is simply the result of dividing the Net Profits by the Initial cost of the investment. It is measured in percentages. The IT plan with the highest percentage is the best.
Breakeven Analysis
This also assumes that the expected results from the IT plan are measurable in monetary terms. A company is said to have broken even when they have recovered the exact amount invested into a business.
The shorter the breakeven period, the better the business/IT strategy.
Cheers
What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answers
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
This résumé format focuses on the tasks or skills that an applicant can perform:
a.
Chronological
b.
Functional
c.
Electronic
d.
Scannable
Answers
The functional resume format focuses on the tasks or skills that an applicant can perform. Thus, option D is correct.
What is a resume?A resume can be defined as a document with suggestions that the details of a particular person, especially an applicant, are being mentioned. It usually defines the person's career information as well as some personal background. Also, if they have taken any courses or have had any experience, all of this is mentioned in a resume.
A functional resume can be defined as a resume whose purpose is to focus on the skills of a person. The primary focus is on the skill that a person processes.
Therefore, option D is the correct option.
Learn more about resume, here:
https://brainly.com/question/862477
#SPJ1
Drag each label to the correct location on the image.
Project manager Anna has to find ways to minimize project costs and risks. Match the ways to minimize the project risk and cost under the correct
heading
identifying harmful events
auditing regularly
controlling and mitigating managing resources
uncertain events
Minimize Costs
prioritizing harmful events
adjusting schedule
Minimize Risks
Answers
Minimize Costs:
Auditing regularly
Managing resources
Minimize Risks:
Identifying harmful events
Controlling and mitigating uncertain events.
How can project costs and risk be minimized?To minimize project costs, project manager Anna can implement regular auditing processes to identify any areas of unnecessary expenditure or inefficiencies. By regularly reviewing the project's financial aspects, she can identify cost-saving opportunities and make adjustments accordingly.
To minimize project risks, project manager Anna can proactively identify potential harmful events or factors that could jeopardize the project's success. By conducting thorough risk assessments, she can identify the key risks and develop appropriate risk mitigation strategies.
Read more about project risk
brainly.com/question/17238279
#SPJ1
Which of the following are correct when calculating the cost of a unit of output? (cost unit):
i. All fixed costs are indirect costs
ii. All indirect costs are fixed costs
iii. All variable costs are direct costs
iv. All direct costs are variable
v. All indirect costs are overheads
Group of answer choices
i. only
i. iv. and v.
i. and ii.
ii. and iii.
ii. iii. and iv.
Answers
i. iv. and v. All fixed costs are indirect costs, all direct costs are variable, all indirect costs are overheads.
Indirect cost are those which are associated with the process of production indirectly. They are incurred other then the production in which indirectly the material is used. Whereas the direct costs are the one time investments made in the production process so that the process could be made easier.
Costs and overheads are basically part of every production they can added as repairs ,trade expenses etc which makes the process continuous. Variable costs are floating in nature.
To learn more about costs of production here,
https://brainly.com/question/14945040
#SPJ1
Explain where each of the following items would appear on a multiple-step income statement.
a. Gain on disposal of plant assets
b. Cost of goods sold
c. Depreciation expense
d. Sales returns and allowances
Answers
Answer:
a. Gain on disposal of plant assets will appear under Other Revenues and Gains.
b. Cost of goods sold will still appear under Cost of Goods Sold.
c. Depreciation expense will appear under Operating Expense.
d. Sales returns and allowances will appear under Sales Revenue.
Explanation:
A multiple-step income statement is an income statement in which the net income reported on the bottom line is calculated using multiple subtractions.
Each of the following items would appear on a multiple-step income statement as explained below.
a. Gain on disposal of plant assets
This will appear under Other Revenues and Gains.
Other Revenues and Gains are revenues from auxiliary operations and gains unrelated to the company's operations, which are reported in the non-operating activities section of the income statement. The following are some of them: Interest from receivable, marketable securities, Gains on Disposal of Plant Assets, etc.
b. Cost of goods sold
This will still appear under Cost of Goods Sold.
Cost of Goods Sold are the direct costs of manufacturing the commodities that a business sells. This figure covers the direct cost of the materials and labor that went into making the good. It does not include indirect costs like distribution and sales force expenditures.
c. Depreciation expense
This will appear under Operating Expense.
Operating Expense is a cost that a company incurs as part of its routine operations. Examples of this include rent, marketing, payroll, insurance, monies allocated for research and development, depreciation expense, and among others.
d. Sales returns and allowances
These will appear under Sales Revenue.
This is the amount of money a corporation makes through selling things or providing services minus sales returns allowances and sales discounts.
Josephine owns a large cattle ranch out in Montana. While she enjoys being her own
boss and being able to spend time in the outdoors, she finds it tedious to comply
with regulations pertaining to land management and what else?
healthcare regulations
environmental quality
transportation limitations
advancing technology
Answers
Josephine finds it tedious to comply with regulations pertaining to land management and environmental quality.
What is environmental quality?
"Environmental Quality" refers to a group of environmental traits that have an impact on people and other living things, whether they are general or specific. It is a gauge of how well an environment meets the needs of one or more species, as well as any human need or goal.
Environmental quality refers to both the constructed environment and the natural environment, and encompasses factors like air quality, water quality or pollution, noise levels, and any potential consequences that these factors may have on one's physical and emotional well-being.
"Environmental Quality" refers to a group of environmental traits that have an impact on people and other living things, whether they are general or specific.
Learn more about environmental quality, here
https://brainly.com/question/12839431
#SPJ1
Often a company may start small with one product, and then add variations to that
product, creating a product line. From there, they may add other product lines to
their product mix. This is also sometimes referred to as ....
expanding
branching out
increasing stock
none of the above.
Answers
A company's product mix refers to all of the many product lines and unique products or services that it provides. Product portfolio or product assortment are other names for the same thing. Different firms have different product combinations.
A product line is what?A product line is a collection of connected goods sold by the same business and marketed under a single brand name. Businesses market many product lines under their various brand names in an effort to set them apart from one another for easier customer use.
What does a product line serve as?Product lines are used by businesses to broaden their audience and draw in additional customers. To entice current consumers to make more purchases, they broaden their product offerings. The usage of product lines by marketers
To know more about product line visit:
https://brainly.com/question/27499240
#SPJ1
Discuss
any
four ways in which Specialization has
improved the economic development of Nigeria.
Answers
Answer:
fixing electricity in Nigeria.
discouraging insurgency in Nigeria.
patronizing Nigerian made products.
improvement of law and order.
In a traditional economy, decisions about which goods are produced are
based on:
O
A. what businesses believe will generate the most profits.
B. what the government decides is important for society.
ОО
C. what the local community has made for generations,
D. what goods are most likely to sell in international markets.
Answers
what is market structure
Answers
Answer:
it ishow firms are differentiated and categorised based on types of goods they sell and how the operations are affected by external forces and elements
Explanation:
it makes it easier to understand the characteristics of diverse markets
During the month of July, the company had the following activities: Issued 4,500 shares of common stock for $450,000 cash. Borrowed $38,500 cash from a local bank, payable in two years. Bought a building for $201,500; paid $53,500 in cash and signed a three-year note for the balance. Paid cash for equipment that cost $247,000. Purchased supplies for $10,600 on account. Prepare a classified balance sheet at July 31.
Answers
Answer:
classified balance sheet at July 31.
Assets
Non-Current Assets
Building $201,500
Equipment $247,000
Total Non-Current Assets $448,500
Current Assets
Supplies $10,600
Cash ($450,000 + $38,500 - $53,500 - $247,000) $188,000
Total Current Assets $198,600
Total Assets $647,100
Equity and Liabilities
Equity
Common Stock $450,000
Total Equity $450,000
Liabilities
Current Liabilities
Account Payable $10,600
Total Non Current Liabilities $10,600
Non-Current Liabilities
Note Payable ($38,500 + $148,000) $186,500
Total Non Current Liabilities $186,500
Total Liabilities $197,100
Total Equity and Liabilities $647,100
Explanation:
A Balance Sheet is a Financial Statement report that shows the Assets, Liability and Equity balances as at the end of the Reporting period.
After listening to the talk or speech (select any one speech if you listened to more than one), write why you think the speaker is so effective. What
are some of the verbal and nonverbal techniques that the speaker uses to connect with the audience?
Answers
Explanation:
Attracting and integrating the audience is essential for a speech to be effective, for this there are verbal and non-verbal techniques that the speaker uses to capture the audience's attention.
It is essential that before speaking, there is a plan aligned to your audience, the speaker needs to know who your audience is, their characteristics, age, gender, etc., so that there is an adequacy of how their words can attract that audience specifically. Therefore, prior to any verbal or non-verbal technique, the speaker's prior preparation is necessary, he must have mastery of what he will speak, be sure of himself, cordial with people and know how to use the stage properly, so that his presence is properly noticed and it’s the main point of getting the audience’s attention.
It is also interesting to use everyday terms and situations that convey public identification, to make the lecture more flexible and less formal when possible.
Currently there are technological resources that also help the lecture to become more dynamic and less boring ... the speaker can use excerpts from videos, impact phrases, images, etc.
Answer:
(Answers may vary. The response below indicates the kind of details that you should include in your answer.)
The speaker spoke very clearly and passionately.
The language used was easy to understand, yet powerful.
The speaker effectively used voice modulation and pauses.
The speaker highlighted important points by emphasizing certain words while speaking.
The purpose of the speech came across very strongly.
The facial expressions and body language matched the intensity of the speech.
The speaker used hand gestures effectively to emphasize certain points.
The speaker made eye contact with the audience.
Explanation:
An entrepreneur wants to start a new business. She needs a huge amount of
capital to get started but is willing to divide the profits and control over the
company among a large group of investors. Which type of business would
best suit her needs?
A. Corporation
B. Sole proprietorship
C. Limited liability company
D. Partnership
Answers
The type of business that would best suit her needs is corporation.
CorporateA Corporate is a business structure or a legal form of organization. It has a separate legal identity distinct from its owners. The owners of a corporate are called as shareholders. If the corporation is small, the shareholders should prepare and sign a shareholders buy-sell agreement. If a corporation is large and sells its shares to many individuals.
Why is corporate best for an entrepreneur?A corporate structure is perhaps the most advantageous way to start a business because the corporation exists as a separate entity. In general, a corporation has all the legal rights of an individual, except for the right to vote and certain other limitations. Corporations are given the right to exist by the state that issues their charter.
Thus, the type of business that would best suit her needs is corporation.
Learn more on corporate here-brainly.com/question/14656092
#SPJ2
If a perfectly competitive firm receives a marginal revenue of $10 for its product and the minimum average variable cost is $11, then the firm should, in the short run:
a.reduce the level of output its produces
b.increase the level of output it produces
c.neither increase nor decrease the level of output it produces
d.shut down
Answers
If a perfectly competitive firm receives a marginal revenue of $10 for its product and the minimum average variable cost is $11, then the firm should, in the short run shut down.
For a perfectly competitive firm, the marginal revenue tends to equal price and as well as the average revenue. So, this implies that the firm's marginal cost curve in its short-run supply curve for values is thus greater than the average variable cost. So, if the price drops below average variable cost, the firm shuts down.
So, a firm's total profit is maximized by the producing the level of output at which marginal revenue for the last unit produced will thus equal its marginal cost, or MR = MC.
Hence, option D is correct.
To learn more about a perfectly competitive firm here:
https://brainly.com/question/27419666
#SPJ1
Wilson, Inc., has a current stock price of $43.00. For the past year, the company had net income of $7,100,000, total equity of $21,750,000, sales of $40,700,000, and 5.8 million shares of stock outstanding. a. What are earnings per share (EPS)? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the price-earnings ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the price-sales ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. What is the book value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) e. What is the market-to-book ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answers
Answer:
a. What are earnings per share (EPS)?
earnings per share = (net income - preferred dividends) / average outstanding common stocks = $7,100,000 / 5,800,000 = $1.22
b. What is the price-earnings ratio?
price earnings ratio = stock price / EPS = $43 / $1.224138 = 35.13
c. What is the price-sales ratio?
price sales ratio = market capitalization / total revenue = ($43 x 5,800,000) / $40,700,000 = $249,400,000 / $40,700,000 = 6.13
d. What is the book value per share?
book value per share = total equity / outstanding shares = $21,750,000 / 5,800,000 = $3.75
e. What is the market-to-book ratio?
market to book ratio = market value per stock / book value per stock = $43 / $3.75 = 11.47
Consider total cost and total revenue, given in the following table:
In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)
Total Cost Marginal Cost
(Dollars)
Quantity (Dollars)
0
1
2
3
4
5
6
7
5
6
8
11
15
20
26
35
05
06
07
Total Revenue Marginal Revenue
(Dollars)
(Dollars)
0
6
12
18
24
30
36
42
AAAAAAA
Profit
(Dollars)
In order to maximize profit, how many units should the firm produce? Check all that apply.
04
Answers
The solution to the given question when we consider total cost and total revenue, given in the following table:
The Financial TableQuantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit
------- | -------- | -------- | -------- | -------- | --------
0 | 5 | 5 | 0 | 0 | -5
1 | 11 | 6 | 6 | 6 | 1
2 | 17 | 6 | 12 | 6 | 5
3 | 24 | 7 | 18 | 6 | 4
4 | 31 | 8 | 24 | 6 | -7
5 | 39 | 8 | 30 | 6 | -9
6 | 47 | 8 | 36 | 6 | -11
7 | 55 | 8 | 42 | 6 | -13
As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.
Therefore, the answer to the question is 3.
In summary:
The firm's profit is maximized at quantity 3.This is because the marginal revenue is equal to zero at this point.If the firm produces more units, it will start to lose money.Therefore, the answer to the question is 3.Read more about marginal revenue here:
https://brainly.com/question/13444663
#SPJ1
How has the 'gig economy' impacted variable and fixed costs for businesses?
Answers
Answer:
Throughout the following explanatory section, the essence of this issue is explained.
Explanation:
The Gig economy would be the economy in which employees are temporarily recruited underemployment needs and needs. Throughout the labor market there have been no permanent workers, but freelance employment.
Unless the jobs are recruited on an exclusive system, the variable costs are subject to different conditions and if enough staff is recruited at a certain time, those variable costs would escalate throughout the terms of additional pay.The certain fixed cost remains very similar, as variable costs adjust as employees increase or reduce, but fixed costs change accordingly.