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Question: Perfectly competitive firm Doggies Paradise Inc. sells winter coats for dogs. Dog coats sell for $72 each. The fixed costs of production are $100. The total variable costs are $64 for one unit, $84 for two units, $114 for three units, $184 for four units, and $270 for five units. In the form of a table, calculate total revenue, marginal revenue, total cost and marginal cost for each output level (one to five units). On one diagram, sketch the total revenue and total cost curves. On another diagram, sketch the marginal revenue and marginal cost curves. What is the profit maximizing quantity?
Prepare the necessary journal entries at the end of July to adjust the general ledger cash account.
wallace computer company produces three products earth wind and fire. earth requires 80 machine setups wind requires 60
At the time of conversion, the unamortized premium is $5,200. Prepare journal entry to record the conversion of the bonds
wainwright corporation had the following activities in 2012. 1. sale of land 249600 2. purchase of inventory 875100 3.
Dave and Marlene Carter live in the Boston area, where Dave has a successful orthodontics practice. Dave and Marlene have built up a sizable investment.
If Clark initiates a price increase for both product lines, how will customer demand change? How will the price increase affect operating profits
walker industries has a bond outstanding with 12 years to maturity a 9 coupon paid semiannually and a 1000 par value.
the van division of motorcar corporation has offered to purchase 180000 wheels from the wheel division for 42 per
witchs brew company manufactures and sells three potions that all use gargoyle eyelashes as an ingredient. the high
Bob Daniels manages an auto dealership's service department. The recent month's income statement for his department follows.
Susan zupan, a lawyer, accepts a legal engagement in march, performs the work in april, and is paid in may. if zupan's law firm prepares monthly financial statements, when should it recognize revenue from this engagement? why?
the comparative balance sheet of barry company for 2011 and the preceding year ended december 31 2010 appears below in
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