a monopoly sells 5 units of output at $20. if the mr of the 6th unit is $14, then the price of the 6th unit is group of answer choices greater than $20. also $14. $19. $17.
Answers
The price of the 6th unit is A. greater than $20.
Based on the information given, we can conclude that the monopoly is operating in a market with no close substitutes for their product, allowing them to maintain their market power and charge a higher price. This is known as a monopoly pricing strategy.
The marginal revenue (MR) is the additional revenue generated by selling one additional unit of output. In a monopoly market, the demand curve is downward sloping, meaning that the MR is always less than the price of the previous unit sold.
From the given information, the MR of the 6th unit is $14, meaning that if the monopoly were to sell the 6th unit, they would only generate an additional revenue of $14. This implies that the price of the 6th unit must be less than $20.
To determine the price of the 6th unit, we can use the formula for calculating MR:
MR = Change in Total Revenue / Change in Quantity.
We know that the MR of the 6th unit is $14, and the monopoly currently sells 5 units at $20.
Thus, the total revenue generated by the first 5 units is $100.
If the monopoly were to sell the 6th unit at the same price of $20, the total revenue generated would be $120. Therefore, the change in total revenue from selling the 6th unit would be $20 ($120 - $100), not $14.
This means that the price of the 6th unit must be less than $20 to generate an MR of $14.
This means that the monopoly would experience a loss by selling the 6th unit, and it would be more profitable for them to sell only the first 5 units at $20 each. Therefore, the correct option is A.
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Related Questions
Click this link to view O*NET's Work Activities section for Registered Nurses. Note that common activities are listed
toward the top, and less common activities are listed toward the bottom. According to O*NET, what are some
common work activities performed by Registered Nurses? Check all that apply.
communicating with supervisors, peers, or subordinates
making decisions and solving problems
repairing and maintaining mechanical equipment
drafting technical devices
assisting and caring for others
O documenting/recording information
Answers
Answer:
acdf
Explanation:
Answer:
C,D,E
Explanation:
right on Edge
3. julie martin is investing $48,000 in the invesco charter mutual fund. the fund charges a 5.50 percent commission when shares are purchased. calculate the amount of commission julie must pay. (lo 16.1)
Answers
The amount of commission Julie must pay is $2,640. This is calculated by multiplying the commission rate of 5.50 percent by the amount invested ($48,000).
The commission rate is expressed as a percentage, so it must be converted to a decimal (5.50% = 0.055) before it can be used in the calculation. Employees receive commission, also referred to as sales commission, based on the sales they generate. SumUp Invoices offers free invoice creation. A commission is frequently determined as a percentage of the sale's value.
Therefore the amount of commission Julie must pay is $2,640.
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Who benefits more from a franchise, the individual entrepreneur or the parent company? Explain. Someone pleaseee help me
Answers
Answer:
The parent company
Explanation:
In simple words, the parent company gets more benefit in a franchisee system as compared to the individual entrepreneur. The parent company gets to extend their business and promote their brand , while the handwork is done by some other individual.
The parent company also make high profits and generally keeps a lot of hold on their individuals franchisee branches.
i have to write a presentation on why the government needs to do more to improve public schools. can anyone help with a few reasons?
Answers
Governments can support other schools by providing food, shoes for school, after-school tutoring, and encouragement for students to pursue their education and future goals.
What justifies government involvement in education?The system's contradictions would be fixed if the federal government got involved. Every region, district, and legislature could establish its own standards for curriculum development if the states in the United States were in charge of establishing their own educational standards.
Since there are more than 50 different ways to gauge success, it is impossible to draw a precise picture of how the nation's educational system is performing at the national level. A single standard would make it easier for educators, leaders, parents, and students to understand where they stand in relation to others across the nation.
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a contingent promise by a bank to pay a bill when it comes due if the bill's originator fails to pay is an example of aswap agreementstandby letters of creditforward contractloan commitmentcommitment to buy foreign exchange
Answers
A contingent promise by a bank to pay a bill when it comes due if the bill's originator fails to pay is an example of a standby letter of credit.
A standby letter of credit is a financial instrument issued by a bank that serves as a guarantee of payment in case the beneficiary (the party receiving the payment) does not receive the payment from the applicant (the party obligated to make the payment). In the given scenario, the bank provides a contingent promise to pay the bill if the originator fails to fulfill their payment obligation.
Standby letters of credit are commonly used in various business transactions to provide assurance to the beneficiary that payment will be made, thereby mitigating credit risk. They are often utilized in international trade, construction projects, and other contractual agreements where there is a need for financial security or payment guarantee.
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match each figure on the budgeted balance sheet to the previously prepared budget from which the figure is derived. accounts receivable accounts receivable drop zone empty. income tax payable income tax payable drop zone empty. bank loan payable bank loan payable drop zone empty. income statement budget cash budget sales budget
Answers
The figure is derived: Accounts receivable - Sales budget, Income tax payable - Income statement budget and Bank loan payable - Cash budget
What is budget?
A budget is in fact a plan for calculations, usually financial sometimes not, for a set period of time, usually a year or a month. A budget could include predicted quantities of sales and revenue, resources (such as time, costs, as well as expenses), environmental impacts (like greenhouse emissions), both these impacts, investments, liabilities, and cash flows. Businesses, governments, families, and other organisations can express one‘s strategic plans of action through budgets in a quantifiable manner. A budget lists intended expenses as well as ideas for how to pay for them. When expenses exceed income or other resources, a budget may show an excess of resources that can be used later or a deficit.
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Answer: Accounts receivable - Sales budget, Income tax payable - Income statement budget and Bank loan payable - Cash budget
Explanation:
A LIFO liquidation occurs when inventory quantities ______. Multiple choice question. stay the same increase decrease
Answers
Answer:
Decrease
Explanation:
Companies that are employee-owned are commonly thought to be more profitable than are publicly-owned companies or companies with a single owner. If employees have a financial stake in the company, it is in their interest to work harder. If profit goes primarily to stockholders or a small group of owners, employees have less incentive to work hard. Yet, in a comparison of airline companies, Wingspan Airlines, which is entirely employee-owned, has recorded losses for the previous three quarters, whereas Longflite Airlines, which is owned by billionaire Martin Pearson, has recorded record profits for the previous three quarters.Which of the following, if true, best supports the conclusion that employee-owned companies are more profitable than are non-employee-owned companies?A. Wingspan Airlines has recently initiated routes to New Zealand, Australia, and Tahiti.B. Longflite Airlines has been owned by Martin Pearson for only six months.C. A cosmetics company that is entirely employee-owned has, in the last year, increased its market share by 18 percent.D. Profits recorded by Longflite Airlines include profits earned by a subsidiary that manufactures airplane parts, and because of a nationwide drop in airplane travel, all airline companies have chosen to repair their older planes rather than spend dwindling revenues on new planes.E. The employees of Wingspan Airlines voluntarily took pay cuts to give the company a chance to recover, and the employees of Longflite recently went on strike to protest poor working conditions.
Answers
Answer:
D. Profits recorded by Longflite Airlines include profits earned by a subsidiary that manufactures airplane parts, and because of a nationwide drop in airplane travel, all airline companies have chosen to repair their older planes rather than spend dwindling revenues on new planes.
Explanation:
In the given instance it is stated that Wingspan Airlines, which is entirely employee-owned, has recorded losses for the previous three quarters, whereas Longflite Airlines, which is owned by billionaire Martin Pearson, has recorded record profits for the previous three quarters.
This is in conflict with the fact that employee-owned are commonly thought to be more profitable than are publicly-owned companies or companies with a single owner.
The option that justifies this in the given instance is if every company is suffering and making losses but Longflite Airlines (which is owned by billionaire Martin Pearson) is making profit from a subsidiary that manufactures plane parts.
This will give Long life Airlines a clear advantage over other companies including the employee owned Wingspan Airlines.
Which of the following is one of the difficulties faced by small business owners A. high cost of formation B. bureaucratic decision making process C.inability to focus on specific groups of customers D. worries about employee problems or competition E. limited scope for innovation
Answers
One of the difficulties faced by small business owners is worries about employee problems or competition. Option D.
A small business entrepreneur often launches a company in their neighborhood to serve a particular target market. Small business operators provide a specialized good or service to clients in a certain neighborhood.
Sometimes a small business is born out of a person's experience or passion, and that person decides to go it alone to have a bigger impact. A mom-and-pop shop is frequently left to a business owned by a relative. Small business entrepreneurs are focused on contributing in some way to their communities.
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Caitlin has finished her schooling and training to be a dental hygienist. She has two job offers that she is considering. Caitlin’s Job Offer Comparison Job 1: Albuquerque, NM Job 2: Ann-Arbor, MI Salary $54,000 $61,000 Benefits $2,500 bonuses, health insurance, 401K Health insurance, 401K Average Monthly Rent
Answers
D). The jobs have equal annual incomes of $45,400 after rent and utilities so Caitlin should take the job in her favorite locale. is the job that would give her the best annual income considering the cost of living in each locale
How to get the best jobFor Job 1:
Salary: $54,000
Benefits: $2,500
Total: $56,500
Rent and Utilities: $925 per month
Annual Rent and Utilities: $11,100
Annual Income after Rent and Utilities: $56,500 - $11,100 = $45,400
For Job 2:
Salary: $61,000
Benefits: Health insurance, 401K
Total: $61,000
Rent and Utilities: $1,300 per month
Annual Rent and Utilities: $15,600
Annual Income after Rent and Utilities: $61,000 - $15,600 = $45,400
Both jobs have $45,400 in come after rent
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Complete question
Caitlin has finished her schooling and training to be a dental hygienist. She has two job offers that she is considering. Caitlin’s Job Offer Comparison Job 1: Albuquerque, NM Job 2: Ann-Arbor, MI Salary $54,000 $61,000 Benefits $2,500 bonuses, health insurance, 401K Health insurance, 401K Average Monthly Rent & Utilities $925 $1,300 Which job would offer the best annual income considering the cost of living in each locale? Job 2 is a better choice because the annual income after rent and utilities is $59,700 but that of job 1 is $55,575. Job 2 is a better choice because the annual income after rent and utilities is $45,400 but the income for job 1 is $41,900. Job 1 is a better choice because it costs $4,500 less per year to live there. The jobs have equal annual incomes of $45,400 after rent and utilities so Caitlin should take the job in her favorite locale.
Suppose at the current price, the price elasticity of demand for a campus film series is 1.5. If administrators cut the price, total revenue will
Answers
If administrators cut the price of the campus film, total revenue will increase.
What is the price elasticity of demand?
The price elasticity of demand measures the percentage change in quantity demanded as a ratio of the percentage change in price.
If the price elasticity of demand is greater the one, it means that demand is elastic. This means that when prices are reduced, revenue would increase as the quantity demanded would increase.
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when is an organisation likely to consider divestment of a strategic business unit?
Answers
An organisation is likely to consider divestment of a strategic business unit when the unit is no longer aligned with the organisation's overall strategy or when the unit is no longer profitable.
Divestment can also be a strategic move to raise capital or to focus on the organisation's core competencies. Additionally, an organisation may consider divestment in response to external factors such as changes in the competitive environment or regulatory changes.
Overall, divestment is a strategic decision that should be carefully considered by an organisation in order to ensure long-term success.
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Witch method of commuting is most likely to reduce your need to go to the gym or get a treadmill
Answers
Answer:
Walking or using of bicycle
Explanation:
Use of legs are needed in both method of commuting. Leg muscles will be worked up and it also produces sweat that is equivalent to gym exercise
^ (St); \$2,500,000; \$750,000 At the January 2019 , the amount of Retained earnings reported by Moon Corporation is . During 2019 , Moon Corporation issued common stocks of , declared and paid cash dividends of and declared share dividends of $ 320,000 . The amount of net income of 2019 reported by Moon Corporation is . Moon Corporation was required to make a correction of understatement of depreciation expenses in prior years of $ 430,000 ( net of tax ) . \$140,000,; \$1,000,000 Required : How much was the retained earnings reported on 31 ^ S December , 2019 ? ( Show your calculations )
Answers
Given Amount of Retained earnings reported by Moon Corporation as at January 2019, St = 2,500,000Common stocks issued by Moon Corporation during.
Cash dividends declared and paid during 2019 = 140,000Share dividends declared during 2019 = 320,000Understatement of depreciation expenses in prior years of Moon Corporation (net of tax) = 430,000Net income of 2019 reported by Moon Corporation.
We need to determine the amount of retained earnings reported on 31st December 2019.Now,Retained earnings as on 31st December 2019 will be equal to Retained earnings as on 1st January 2019 + Net income during 2019 - Dividends declared and paid during 2019.
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explain the working mechanism of syringe with clear diagram
Answers
Pressure is used to operate a syringe. It is usually fitted with a hypodermic needle, nozzle, or tubing to help direct the flow into and out of the barrel. Plastic and disposable syringes are often used to administer medications.
Pressure is used to operate a syringe. It is usually fitted with a hypodermic needle, nozzle, or tubing to help direct the flow into and out of the barrel.
What is a syringe?A syringe is a simple reciprocating pump that consists of a plunger that fits snugly inside a cylindrical tube known as a barrel. The plunger can be pulled and pushed along the inside of the tube, allowing the syringe to take in and expel liquid or gas through a discharge orifice at the tube's front end.
A syringe is a type of pump that consists of a sliding plunger that fits tightly inside a tube. Pulling and pushing the plunger inside the precise cylindrical tube, or barrel, allows the syringe to draw in or expel a liquid or gas through an orifice at the open end of the tube. Medication is frequently administered using plastic and disposable syringes.
Therefore, the working mechanism of syringe is explained with clear diagram.
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if the government determines whether you get an apartment, you are most likely living in a [1] economy. In a [2] society, the government controls the resources. In a [3] society, the community in theory is supposed to control the resources, but in reality, the [4] does.
[1]- a. command
b. market
c. traditional
[2]- a. capitalist
b. communist
c. socialist
[3]- a. capitalist
b. communist
c. socialist
[4]- a. government
b. individual
c. market
Answers
Answer:
1. a. Command
2. c. Socialist
3. b. Communist
4. a. Government
Explanation:
"If the government determines whether you get an apartment, you are most likely living in a Command economy. In a Socialist economy, the government controls the resources. In a Communist society, the community, in theory, is supposed to control the resources, but in reality, the Government does."
1. A command economy is a type of economy where the government determines what is produced when it is produced, the quantity, as well as the price at which commodities are produced. The government also determines other activities in the economy such as the assignment of living spaces as well as the investments in the economy.
2. A socialist economy is an economy where goods are produced for consumption and are distributed to ensure equity by a centrally placed authority, which is the government.
3. A communist society according to Karl Marx is a classless society where all the resources belong to the entire community and properties are not owned by private individuals. In reality, though, the government actually controls the resources in this type of society. China is a country that practices communism.
A population growth rate of 1% means a population will double in 70 years (70/growth rate). China's growth rate is 0.65%, which means: _______.
i. The population has already begun to decrease from its peak 1.31 billion. ii. China needs to reconsider its one-child policy at the current rate, its population would double in 108 years. iii. Its population of 1.3 billion will reach 2.6 billion by 2080.
Answers
Its population would double in 108 years if things continued as they are.
What was the highest growth rate for China?From 1989 through 2022, China's GDP Annual Growth Rate average 9.09 percent, with record highs of 18.30 percent in the first quarter of 2021 and 6.80 percent in the first quarter of 2020.The real gross domestic product (GDP) growth rate in China in 2021 was almost 8.1%.Will China's growth surpass ours?According to a research released by Bloomberg Economics on Thursday, the second-largest economy in the world would only grow by 2% this year. In contrast, according to Bloomberg Economics, the US gross domestic product will grow by 2.8 percent this year.
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Consider the price elasticity of demand. If a product has
price elasticity less than one it is considered to have relatively
elastic demand.
A. True
B. False
Answers
B. False. If a product has a price elasticity of demand less than one, it is considered to have relatively inelastic demand.
Elastic demand refers to a situation where the quantity demanded is highly responsive to changes in price, resulting in a relatively large percentage change in quantity demanded compared to the percentage change in price. Inelastic demand, on the other hand, indicates that the quantity demanded is less responsive to price changes, resulting in a relatively small percentage change in quantity demanded compared to the percentage change in price.
So, if the price elasticity of demand is less than one, it indicates relatively inelastic demand, not relatively elastic demand.
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Although channels of distribution allow consumers and industrial users access to products from all over the world, they do not guarantee that consumers will be able to purchase anything they want. Tiny time they want. Certain products may only be available in limited supplies. Because of supply and demand, channel members may be able to charge higher prices for coveted products. This may be fine for a designer handbag, but what if the product is more basic, like fresh water or medical supplies? Or, let's say there is a hurricane or tornado in a certain part of the country, and many people need to repair their homes and roofs. Is it OK for channel members to mark up hardware products during this time to make a bigger profit?
Answers
Answer:
We can more easily obtain products from all over the world. Channels of distribution allow consumers, industrial users, producers, and other channel intermediaries to save time and money. They also allow us to more easily obtain products from all over the world, since we do not have to travel and search for each individual item we wish to purchase.
Which of the following is NOT LIKELY to be considered a component of "lease rollover risk"? Ch13
a. Costs of tenant improvements demanded by new tenants
b. Interest rate risk on floating debt
c. Reduced revenues due to vacancy until a new tenant is found
d. Commissions paid to a leasing agent to find a new tenant
Answers
The component of "lease rollover risk" which is NOT LIKELY to be considered is a) Costs of tenant improvements demanded by new tenants.
The risk of loss that a company might suffer if it fails to renew its lease on a property or if it renews it on significantly less attractive terms is referred to as lease rollover risk. The main components of lease rollover risk include: Reduced revenues until a new tenant is found, Commissions paid to a leasing agent to find a new tenant, Interest rate risk on floating debt.
Therefore, the correct option is a. Costs of tenant improvements demanded by new tenants.
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At what price will the stock reach an ""equilibrium"" at which it is perceived as fairly priced today?.
Answers
it's equilibrium price is $55.75.
An equilibrium rate is a balance of demand and grant factors. There is a tendency for expenditures to return to this equilibrium except some characteristics of demand or supply change. Changes in the equilibrium price manifest when both demand or supply, or both, shift or move.
How do you discover equilibrium price?To find the equilibrium rate a mathematical system can be used. The equilibrium fee components is primarily based on demand and furnish quantities; you will set volume demanded (Qd) equal to quantity supplied (Qs) and resolve for the price (P). This is an instance of the equation: Qd = one hundred - 5P = Qs = -125 + 20P.
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https://brainly.com/question/22569960#SPJ4The second doctor watched for contagious and infectious diseases. He looked especially for infections of the scalp and at the eyelids for symptoms of trachoma, a blinding disease. Since trachoma caused more than half of all medical detentions, this doctor was greatly feared.
—Immigrant Kids,
Russell Freedman
What is the central idea of this passage?
The second doctor did more work than the first doctor.
Trachoma is a blinding disease that caused immigrants to be turned away.
Infections of the scalp and eyelids are dangerous to others.
The second doctor watched for contagious and infectious diseases.
Answers
Answer:
D.The second doctor watched for contagious and infectious diseases.
Explanation:
i got 100
The second doctor watched for contagious and infectious diseases is the central idea of this passage. Thus, option (d) is correct.
What is diseases?
The term “disease” refers to the state of the human body when there are physical and mental disturbances. The person in such any kind of outer and inner injury the body is not functioning properly is called disease. The disease are the infected to the body. The disease are the drawback of the body. The doctor are the treatment of the disease.
According to the central theme of the passage. The passage was the written to the Russell Freedman. The passage are the described to the diseases are infectious and contagious are the watched the doctor. The doctor was the looked infections of the scalp. The symptoms of trachoma, a blinding disease.
Therefore, option (d) is correct.
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what independent sales branch is being replaced by a manufacturer sales branch
Answers
Rick mendez bought stock for $5,000, using $2,500 of his own money and $2,500 borrowed from the broker. One month later, the stock is sold for $5,650. Interest owed to the broker is $30; brokerage commissions to buy and sell the stock totaled $300.
Answers
The rate of return earned by Rick Mendez from the stock investment is 12.8%.
What is the rate of return?The rate of return is the gain (or loss) earned from an investment expressed as a ratio of the initial investment cost.
For instance, the rate of return is the difference between the total costs of an investment and its sales proceeds, multiplied by 100.
The investment cost of stock = $5,000
Proceeds from the sale of the stock = $5,650
Broker's finance = $2,500
Interest on borrowed funds = $30
Brokerage commissions = $300
Total brokerage finance costs = $2,830
Net proceeds after brokerage costs = $2,820 ($5,650 - $2,830)
Investment using own funds = $2,500
Gain from investments = $320 ($2,820 - $2,500)
Rate of return = 12.8% ($320/$2,500 x 100)
Thus, we can state that Rick Mendez's investment in the stock yielded a return of 12.8%.
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Question Completion:What is the rate of return earned by Rick Mendez?
If you invest 50 percent of your funds in a stock with beta=1.5, 30 percent in a stock with beta=0.9 and 20 percent in a stock with beta=0.3, your portfolio beta will be
Answers
Answer:
1.08
Explanation:
The computation of the portfolio beta is shown below:
Portfolio beta is
= Invested stock percentage × beta of the stock + Invested stock percentage × beta of the stock + Invested stock percentage × beta of the stock
= 0.50 × 1.50 + 0.30 × 0.90 + 0.20 × 0.30
= 1.08
We simply applied the above formula so that the portfolio beta could come and the same is to be considered
Ivanhoe Transport has the following stock outstanding at December 31, 2022: 5% Cumulative preferred stock, $11.40 Par $37620 Common stock, $0.10 Par 12000 Ivanhoe paid no dividends during 2021. During 2022, it declares $13000 of dividends. How much of the $13000 will preferred stockholders receive
Answers
Preferred stockholders will receive $5,000 of the $13,000 dividends declared in 2022.
How much of the declared dividends will be received by the preferred stockholders?Preferred stockholders of Ivanhoe Transport will receive $5,000 out of the total $13,000 dividends declared in 2022. This calculation is based on the 5% cumulative preferred stock that Ivanhoe has outstanding. The cumulative preferred stock is entitled to receive a fixed dividend amount before any dividends can be paid to common stockholders.
The preferred stock has a par value of $11.40 and represents a total value of $37,620 (11.40 x 3,300 shares). Since the stock is cumulative, it means that if any dividends are not paid in a particular year, they will accumulate and must be paid in the future before any dividends can be distributed to common stockholders.
To calculate the preferred stockholders' share of the declared dividends, we need to determine the total accumulated dividend for the preferred stock. Since Ivanhoe did not pay any dividends in 2021, the accumulated dividends for 2022 will equal the cumulative preferred stock value, which is $37,620.
The 5% dividend rate on the preferred stock means that preferred stockholders are entitled to receive 5% of the par value each year. In this case, the annual dividend per share is $0.57 ($11.40 x 5%). Therefore, the preferred stockholders' accumulated dividend for 2022 is $5,000 ($0.57 x 8,800 shares).
Thus, out of the $13,000 dividends declared in 2022, preferred stockholders will receive $5,000, and the remaining $8,000 will be available for distribution to common stockholders.
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Mathematics You are a delivery man ager at Blue Bag, a wholesale bakery. The bakery employs two drivers and owns two trucks. Each truck can deliver up to 175 crates of bread per day. The bakery has standing orders for 340 crates a day, but a new supermarket is opening up, and you expect orders to increase 225%. If you hire two more drivers, you can run two shifts. Will it be enough? Write a paragraph explaining how you found your answer.
Answers
So, if you hire two more drivers, you can run two shifts and so this will be enough.
Here, we take into account that each truck has a maximum capacity of 175 boxes of bread and that the bakery has 2 trucks. So, in order to find the maximum order capacity, multiply the number of boxes of bread by the number of trucks:
175 × 2 = 350
So, if you hire two more drivers, then you can run two shifts and so this will be enough in order to deliver the orders on time. As, after hiring there will be more people who can work to deliver.
Hence, after hiring two more drivers, you can run two shifts, which will be enough.
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Features, Advantages and disadvantages free market economy?
Answers
Answer:
Advantage: Absence of Red Tape.
Advantage: Freedom to Innovate.
Advantage: Customers Drive Choices.
Disadvantage: Limited Product Ranges.
Disadvantage: Dangers of Profit Motive.
Disadvantage: Market Failures
Explanation:
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When nordstrom decided to sell its merchandise online, the manager in charge of the process had to hire a technical staff to create the website, gather other resources necessary for the project, and ensure the site would be introduced in an effective and efficient manner. this illustrates the manager's ____________ function.
Answers
The manager's planning function is illustrated in this example. Planning involves developing an organization's goals and objectives and the necessary actions to achieve those goals.
In this case, the manager had to develop a plan to effectively launch an online retail store for Nordstrom.
This included hiring a technical staff to create the website, gathering the necessary resources, and ensuring that the rollout of the website was efficient. Planning also includes setting timelines, milestones, and budgets for the project. The manager had to consider the company's resources and how they could be allocated to achieve the desired result.
Planning is an important part of the management process, as it allows managers to anticipate and prepare for the future. Without a plan, a manager would not be able to clearly define their goals and objectives and make sure they are met in a timely manner.
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The last step of a cost analysis is to examine the P&L statement or expense reports.
Answers
The last step in the accounting cycle is to make remaining entries by finalizing expenses, revenues and brief accounts on the quit of the accounting period. This includes closing out temporary bills, along with expenses and sales, and moving the net earnings to permanent bills like retained profits.
Income and loss (P&L) declaration refers to a financial statement that summarizes the sales, fees, and fees incurred at some stage in a specified length, usually a quarter or fiscal year. these records offer records about a company’s capacity or inability to generate profit by increasing sales, lowering expenses, or each. P&L statements are often presented on a cash or accrual foundation. company managers and traders use P&L statements to analyze the economic health of a company. A profit and loss (P&L) statement summarizes the revenues, fees and fees incurred all through a selected time frame. A P&L statement offers information about whether or not a company can generate profit by increasing revenue, decreasing expenses, or each. The final step within the accounting cycle is to make closing entries with the aid of finalizing costs, sales and brief bills at the stop of the accounting length. This includes remaining out brief money owed, such as fees and revenue, and moving the net earnings to everlasting debts like retained earnings.
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