Calculate the total liabilities for the company:

Which of the following is not a characteristic of long run equilibrium in a monopolistically competitive​ market?

A.

Marginal revenue equals marginal cost.

B.

Selling price is greater than marginal cost.

C.

Production is at minimum average total cost.

D.

Selling price equals average total cost.

A firm faces the demand curve P=80 - Q. What is the output level that maximizes
total revenue? Its total cost curve is given by C = 50 + 0.2Q² . Set up the profit function
π=f (Q) and find the output level that will maximize its profit.

During this accounting period, a company has variable costs of €27410, total fixed costs per period of €20820, contribution margin ratio of 67 percent and an income tax rate of 27 percent.

If the desired after tax net income is €9320; then the sales revenue (in Euros) for this period is ________.

The accounting process entails of several different cycles. Each cycle reflects a certain type of business activity. Bookkeepers (Accountants) define each transaction by an activity and track the similar procedure in the recording and disclosure of the related information. Required: Describe the key activities in the revenue, conversion, and expenditure cycles.

A. Briefly explain why each of the following would want to review the Financial Statements of a specific business.

1)Potential customers:    

2)Future employees:

B. 3)   Provide any 5 P&L items (Revenue or Expense) and explain how you would budget for them.

On October 1, 2019, Island Jewelry Company accepted a 4-month, 10% note for $2,400 in settlement of an overdue account receivable. Interest revenue was accrued through December 31, 2019. Island receives the maturity value of the note at maturity. Prepare the journal entry to record the collection.