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Cost of goods sold is a direct cost for producing goods. A lower ccost will increase the net income. Profit marging is calculated by dividing Revenue from net income. A higher net income will increase the frim's profit margin.
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A decrease in a firm's cost of good sold likely results in an increase in the...
Assume there is a decrease in the market demand for a good sold by price-taking firms...
Assume there is a decrease in the market demand for a good sold by price-taking firms that are initially producing the profit-maximizing level of output. For the individual firm, this would result in: Question 10 options: a decrease in both price and the profit-maximizing quantity of output. a decrease in price and increase in the profit-maximizing quantity of output. an increase in both price and the profit-maximizing quantity of output. an increase in price and decrease in the profit-maximizing quantity...
Cost of goods sold is credited for the amount of the decrease in the LIFO reserve....
Cost of goods sold is credited for the amount of the decrease in the LIFO reserve. True or False True False Insurance during transit paid by the buyer is recorded by the buyer at the time of shipment. True or False True False Periodic average cost and perpetual average cost always produce the same dollar amounts for ending inventory. True or False True False Cost of goods on consignment is included in the consignor's inventory until sold. True or False
The company has sales of 374000 and cost of good sold is 212000 it's gross profit...
The company has sales of 374000 and cost of good sold is 212000 it's gross profit equals 162,000 true or false ?
When an increase in the quantity results in a reduction in profit marginal cost is greater than m...
When an increase in the quantity results in a reduction in profit marginal cost is greater than marginal revenue. True or False
Which of the following would most likely cause an upward shift in a firm's cost curve?
Which of the following would most likely cause an upward shift in a firm's cost curve? a. a technological advance b. an increase in resource prices c. a decrease in demand for the firm's product d. a decline in consumer income
Which of the following would be most likely to lead to a decrease in a firm's...
Which of the following would be most likely to lead to a decrease in a firm's dividend payout ratio? Answer Its earnings become more stable. Its access to the capital markets increases. Its R&D efforts pay off, and it now has more high-return investment opportunities. Its accounts receivable decrease due to a change in its credit policy. Its stock price has increased over the last year by a greater percentage than the increase in the broad stock market averages.
If an 8% decrease in price leads to a 4% increase in the quantity demanded of...
If an 8% decrease in price leads to a 4% increase in the quantity demanded of the good, as a result of the price change, the total revenue for this product will: a) decrease b) increase c) not change d) double If a 12% increase in price leads to a 6% decrease in quantity demanded of the good, as a result of the price change, the total revenue for the product will: a) not change b) decrease c) increase d)...
If the income elasticity of demand (Em) for a good is .76, a 10% increase in income Select one: a. results in a .076% de...
If the income elasticity of demand (Em) for a good is .76, a 10% increase in income Select one: a. results in a .076% decrease in consumption of this good. b. results in a 7.6% increase in consumption of this good. c. results in a 76% increase in consumption of this good. d. results in a .76% decrease in consumption of this good.
Suppose a decrease in the supply of wheat results in an increase in revenue. This indicates...
Suppose a decrease in the supply of wheat results in an increase in revenue. This indicates that A) the supply curve for wheat must be vertical. B) the demand curve for wheat must be vertical. C) the resulting increase in price is proportionally greater than decrease in quantity sold. D) the decrease in quantity sold is proportionally larger than the resulting change in price.
If an increase in income results in a decrease in the quantity demanded of a good then for that good, the a cross-p...
If an increase in income results in a decrease in the quantity demanded of a good then for that good, the a cross-price elasticity of demand is negative b. income elasticity of demand is positive. price elasticity of demand is elastic d income elasticity of demand is negative. 9. if the cross-price elasticity of demand for two goods is 1.25, then a the two goods are luxuries. b. the demand for one of the goods conforms to the law of...
Cost of goods sold is credited for the amount of the decrease in the LIFO reserve. True or False True False Insurance during transit paid by the buyer is recorded by the buyer at the time of shipment. True or False True False Periodic average cost and perpetual average cost always produce the same dollar amounts for ending inventory. True or False True False Cost of goods on consignment is included in the consignor's inventory until sold. True or False
If an increase in income results in a decrease in the quantity demanded of a good then for that good, the a cross-price elasticity of demand is negative b. income elasticity of demand is positive. price elasticity of demand is elastic d income elasticity of demand is negative. 9. if the cross-price elasticity of demand for two goods is 1.25, then a the two goods are luxuries. b. the demand for one of the goods conforms to the law of...
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