A company has total variable costs of $4 million and fixed costs of $3 million. Based on
Question:
A company has total variable costs of $4 million and fixed costs of $3 million.
Based on this information, the company will stay in the market in the long term if total revenue is at least:
A. $3.0 million.
B. $4.5 million.
C. $7.0 million.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
C is correct A company will stay in the market in the long t...View the full answer
Answered By
Ehsan Mahmood
I’ve earned Masters Degree in Business Studies and specialized in Accounts & Finance. Couple with this, I have earned BS Sociology from renowned institute of Pakistan. Moreover, I have humongous teaching experience at Graduate and Post-graduate level to Business and humanities students along with more than 7 years of teaching experience to my foreign students Online. I’m also professional writer and write for numerous academic journals pertaining to educational institutes periodically.
4.90+
248+ Reviews
287+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Queauvert In 2022, Seafood Ltd., a C corporation, reported gross revenue of $230,000, operating expenses $340,000 and received dividend income of $200,000 from domestic less than 20% ownership in...
-
Use the given row transformation to change each matrix as indicated. 2 times row 1 added to row 2 -2 3 4 7
-
Let T be the transformation whose standard matrix is given below. Find a basis for R4 with the property that [T]B is diagonal. -6 409] A=1-30 A=1-1-2 I -4 4 0 7
-
Mien Co. is budgeting sales of 53,000 units of product Nous for October and 60,000 units of product Nous for November. The manufacturing of one unit of Nous requires 4 kilos of chemical Loire. During...
-
A thin, uniform, 15.0-kg post, 1.75 m long, is held vertically using a cable and is attached to a 5.00-kg mass and a pivot at its bottom end (Fig. 10.45). The string attached to the S.OO-kg mass...
-
If necessary, use two or more substitutions to find the following integrals. Begin with u = 1 + x. dx J Vi + v + x
-
Discuss the uses and limitations of the statement of financial position for decision-making purposes.
-
Tiffany Goren started her own consulting firm, Goren Consulting, on May 1, 2010. The trial balance at May 31 is as shown below. In addition to those accounts listed on the trial balance, the chart of...
-
In September, Cullumber Industries sold 800 units of product. The average sales price was $45. During the month, fixed costs were $6,615 and variable costs were 75% of sales. (a) Your answer is...
-
Suppose a market has 10 suppliers, each of them with 10 percent of the market. What are the concentration ratio and the HHI of the top four firms? A. Concentration ratio 4 percent and HHI 40 B....
-
A company will shut down production in the short run if total revenue is less than total: A. fixed costs. B. variable costs. C. opportunity costs.
-
Describe the different types of movements made by synovial joints?
-
Dine-Corp International publishes ratings and reviews of the world's finest restaurants. Following are facts you need to prepare Dine-Corp's March bank reconciliation: Balance per company records at...
-
Review the following items and decide if each would be more appropriately classified as: (a) Currency in the petty cash box (b) Postage stamps in a file cabinet (c) The balance on deposit in a...
-
After conducting her analysis of housing prices in Novosibersk, Oxana notes that everyone in her study has exactly the same income, graduated from the same school, and listens to the same music; in...
-
List the most important three factors for you personally when deciding where to shop for clothes.
-
List all of the factors you can think of that people use when deciding where to shop for clothes.
-
Compare and contrast the characteristics of sole proprietorships, partnerships, corporations, S corporations, limited liability companies, and limited liability partnerships.
-
Show that every group G with identity e and such that x * x = e for all x G is abelian.
-
Jennifer and Jamie are starting a business and have asked you for advice about whether they should form a partnership, a corporation, or some other type of entity. Prepare a list of questions you...
-
In the current year, Jeanette, an individual in the 25% marginal tax bracket, recognized a $20,000 long-term capital gain. Also in the current year, Parrot Corporation, a C corporation in the 25%...
-
John (a sole proprietor) and Eagle Corporation (a C corporation) each recognize a long-term capital gain of $10,000 and a short-term capital loss of $18,000 on the sale of capital assets. Neither...
-
7. Name two types of errors that might occur in the inventory account. If the error understates beginning inventory, how is cost of good sold impacted? If the error understates ending inventory, how...
-
What factors have affected (and will continue to affect) the growth of health psychology? What were Freud's major psychological contributions to Health Psychology? Compare and contrast the...
-
Should future Administrators seek FIO leadership with other backgroundsperhaps as insurance regulators in other countriesor is experience with insurance regulation at the state-level essential?
Study smarter with the SolutionInn App