Syzygy Company is a perfectly competitive firm. The market price of its output is $5. At its current level of output, the firm's average total cost is $5 per unit, its average variable cost is $4 per unit, and its marginal cost is $5 per unit. Based on this information, what can we say?a) Syzygy Company is earning zero economic profit, which is good enough to stay in business.b) Syzygy Company is not maximizing profit; it can increase profit by increasing output.c) Syzygy Company is not maximizing profit; it can increase profit by decreasing output.d) Syzygy Company is suffering a loss, but it should stay in business in the short run.e) Syzygy Company should go out of business in the short run.

Answer:

a) Syzygy Company is earning zero economic profit, which is good enough to stay in business.

Explanation:

market price = marginal revenue = $5 per unit

marginal cost per unit = $5

A perfectly competitive firm will maximize its accounting profits  when MR = MC, in this case $5 (MR) = $5 (MC). This also means that the company at this sales and cost level is earning $0 economic profit. In the long run, firms in a a competitive market will always earn $0 economic profit.

When the bond sells at par, the implicit €/$ exchange rate at maturity of a Euro/U.S. dollar dual currency bond that pays $651.25 at maturity per €1,000, is:________ A) €1.54/$1.00. B) €1.22/$1.00. C) €1.79/$1.00. D) €1/$1.00.

The police chief mentions that unionized emergency personnel had already been deployed, so pulling them back would not be worth it. However, there may be long term savings in pulling them back. If the police chief is looking solely at short-term costs and benefits, what type of decision-making bias would this represent? a) discounting the future b) traming effects c) illusion of control d) representativeness

Swifty uses the periodic inventory system. For the current month, the beginning inventory consisted of 7300 units that cost $11.00 each. During the month, the company made two purchases: 2800 units at $12.00 each and 12200 units at $12.50 each. Swifty also sold 13100 units during the month. Using the average cost method, what is the amount of cost of goods sold for the month? (Round average cost per unit to 2 decimal places, e.g. 1.48.)
1- $156545.
2- $157200.
3- $151400.
4- $163300.

The relevant production range for Challenger Trailers, Inc. is between 120,000 units and 190,000 units per month. If the company produces beyond 190,000 units per month:__________. A. the fixed costs and the variable cost per unit will not change B. the fixed costs may change, but the variable cost per unit will remain the same C. the fixed costs will remain the same, but the variable cost per unit may change D. both the fixed costs and the variable cost per unit may change

A 20-year maturity bond with face value of $1,000 makes annual coupon payments and has a coupon rate of 9.40%. (Do not round intermediate calculations. Enter your answers as a percent rounded to 3 decimal places.)
a. What is the bondâs yield to maturity if the bond is selling for $1,040?
Yield to maturity %
b. What is the bondâs yield to maturity if the bond is selling for $1,000?
Yield to maturity %
c. What is the bondâs yield to maturity if the bond is selling for $1,240?
Yield to maturity %

Custom Cars purchased some $39,000 of fixed assets two years ago that are classified as 5-year MACRS property. The MACRS rates are 20 percent, 32 percent, 19.2 percent, 11.52 percent, 11.52 percent, and 5.76 percent for Years 1 to 6, respectively. The tax rate is 34 percent. If the assets are sold today for $19,000, what will be the aftertax cash flow from the sale?

Larry recorded the following donations this year: $690 cash to a family in need $2,590 to a church $690 cash to a political campaign To the Salvation Army household items that originally cost $1,390 but are worth $490. What is Larry's maximum allowable charitable contribution if his AGI is $61,900?

The expected return of Stock A is 7%, Stock B is 10% and Stock C is 12%. If you equally invest in these three stocks, what is the expected return of your three-stock portfolio?

Banks and other financial institutions can grant a small business a _____, which is an agreement by which a financial institution promises to lend a business a predetermined sum on demand. a. mutual fund.b. line of credit.c. non-recourse loan.d. trust fund.e. trade credit.

The time value of moneyConsider the following scenarios:Simon FamilyThe Simons have saved $5,000 towards their goal to have $45,000 for a down payment on a house in 6 years. They will put the $5,000 in an account along with money they will deposit annually. They donât know how much that annual deposit should be, so theyâve asked you to calculate it. They have found a savings institution that will pay 6% interest.Perkette FamilyThe Perkettes have set a goal to have $45,000 for a down payment on a house in 6 years. They have not saved anything so far. They have asked you to calculate how much they will need to put away each year to achieve their $45,000 down-payment goal. They have found a savings institution that will pay 6% interest.Use the scenarios along with the following factor table data. Note that the complete Future Value and Future Value Annuity tables (as well as the Present Value and Present Value Annuity tables) are located in the appendix in your text.Table of Future Value Factors:Interest RateYear 5% 6% 8%1 1.050 1.060 1.0802 1.102 1.120 1.1663 1.158 1.190 1.2604 1.216 1.260 1.3605 1.276 1.340 1.4696 1.340 1.420 1.5878 1.477 1.590 1.85110 1.629 1.790 2.159Table of Future Value Annuity Factors:Interest RateYear 5% 6% 8%1 1.000 1.000 1.0002 2.050 2.060 2.0803 3.152 3.180 3.2464 4.310 4.380 4.5065 5.526 5.630 5.8676 6.802 6.970 7.3368 9.549 9.890 10.63710 12.578 13.180 14.4871. What is the amount of money the Simons will need to deposit annually (rounded to the nearest two decimal places) to achieve their down-payment goal?2. What is the amount of money the Perkettes will need to deposit annually (rounded to the nearest two decimal places) to achieve their down-payment goal?

A country's currency is said to be _____ when the country's government allows both residents and nonresidents to purchase unlimited amounts of a foreign currency with it.
A) externally convertible
B) nonconvertible
C) internally convertible
D) freely convertible

All of the following are true regarding long-term notes payable except:



a.The note’s carrying value at any time equals its face value minus any unamortized discount or plus any unamortized premium.


b.Notes payable are usually issued by a single lender.


c.The market rate of interest at the time of issuance determines the periodic cash payment amount.


d.Over the life of the note, the interest expense allocated to each period is computed by multiplying the market rate by the beginning-of-period balance.


e.The equal total payments pattern has changing amounts of both interest and principal.

Sperry Company had beginning inventory of $80,000, purchased merchandise during the period for $140,000, and had ending inventory of $95,000. How much was goods available for sale? A. $175.000 B. $155,000 C. $315,000 D. $125,000 E. None of these

The production possibilities curves suggest that rev: 09_17_2020_QC_CS-228777 Multiple Choice West Mudville should specialize in, and export, both baseballs and baseball bats. workers will try to immigrate from West Mudville to East Mudville. West Mudville should specialize in, and export, baseball bats. East Mudville should specialize in, and export, baseball bats.

Ruby operates a hobby supply store. She maintains her books using the cash method. At the end of the year, her accountant computes her accrual basis income that is used on her tax return.

For 2020, Ruby had cash receipts of $840,000, which included $100,000 collected on accounts receivable from 2019 sales. It also included the proceeds of a $50,000 bank loan. At the end of 2020, she had $175,000 in accounts receivable from customers, all from 2020 sales. Ruby paid cash for all of the purchases. The total amount she paid for merchandise in 2020 was $560,000. At the end of 2019, she had merchandise on hand with a cost of $45,000. At the end of 2020, the cost of merchandise on hand was $80,000.

1. Ruby's accrual basis gross receipts for 2020 are_______ $ .

2. The cost of goods sold for 2020 under the accrual method is________ $ .

3. The gross profit from merchandise sales for 2020 under the accrual basis is________ $ .

What is an Umbrella Policy? How does it work?

Becker Office Service purchased a new computer system in 2016 for $40,000. It is expected to have a five-year useful life and a $5,000 salvage value. The company expects to use the system more extensively in the early years of its life.
Required:
a. Calculate the depreciation expense for each of the five years, assuming the use of straight-line depreciation.
b. Calculate the depreciation expense for each of the five years, assuming the use of double-declining-balance depreciation.
c. Assume that Becker Office Service sold the computer system at the end of the fourth year for $15,000. Compute the amount of gain or loss using each depreciation method.

The NASDAQ stock market bubble peaked at 5,445 in 2000. Two and a half years later it had fallen to 1,285. What was the percentage decline?

How Many Pints of Blackberries?

The pleasure you get from each pint of freshly picked blackberries is $2.00. It takes you 12 minutes to pick the first pint, and each additional pint takes an additional 2 minutes (14 minutes for the second pint, 16 minutes for the third pint, and so on). The opportunity cost of your time is $0.10 per minute.

a. How many pints of blackberries should you pick? Illustrate with a complete graph.

How much will Marie have in her retirement account in years if her contribution is ​$ per year and the annual return on the account is ​%? How much of this amount represents​ interest? The amount Marie will have is:_________

________ is a crime in which an imposter obtains key pieces of personal information to impersonate someone else.
A) Identity theft
B) Spoofing
C) Social engineering
D) Evil twins

It is estimated that the annual maintenance cost of a statue erected in front of a public building in a state capital would be $1,000. Assuming an interest rate of 4% compounded annually, determine the capitalized cost for maintaining the statue.

Why is it important to choose a bank that is a member of the FDIC? a. The FDIC is the regulatory body that licenses banks, so a non-FDIC bank is illegal. b. The FDIC is a union that prevents banks from taking advantage of customers, so you will receive better service with an FDIC bank. c. The FDIC is a government bureau that insures the money that customers deposit in the bank, so your money is safer in an FDIC bank. d. Only FDIC banks are legally allowed to issue loans, so if you ever anticipate needing a loan, you will need to use an FDIC bank. Please select the best answer from the choices provided A B C D

Phillips Co. currently pays no dividend. The company is anticipating dividends of $.02, $.05, $.10, $.20, and $.30 over the next 5 years, respectively. After that, the company anticipates increasing the dividend by 3.5 percent annually. One step in computing the value of this stock today is to compute the value of:_________
a) P5.
b) P3.
c) P1.
d) P6.
e) P4.

Parker is a highly skilled sales person at Byberry, which is a 30-year-old company that has grown significantly in terms of revenue and product offerings. It sponsors a pension plan that provides a benefit of 2% times the years of participation times the average of the final three years of salary. Parker has worked for Byberry for the last 30 years and earned $200,000 two years ago, $150,000 last year, and $250,000 this year. If he is retiring this year, how much should he expect to receive as a pension benefit?

Recruitment is an effort by an organization to keep employees and is the opposite of turnover.
a. True

b. False

If your company matches 75 cents on the dollar,and you contribute $200 a paycheck, how much will your employee match?

A firm issued 10,000 shares of $2 par-value common stock, receiving proceeds of $40 per share. The amount recorded for the paid-in capital in excess of par account is ________.A) $0 in the Common Stock account.
B) $0 in the Paid-in Capital in Excess of Par account.
C) $400,000 in the Common Stock account.
D) $400,000 in the Paid-in Capital in Excess of Par account.

The transshipment problem: a. Is the special case of LP problem. b. Can be modeled using the transportation algorithm. c. Can be solved to optimality by manual methods. d. Is the most general type of network flow problems.

Daily demand for a product is 200 units. the production lead time is 2 days. a 1-day safety stokc is kept. how many kanban containers will be needed if one container holds 100 units?