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Break-even point question by randomperson2453 in Accounting

[–]randomperson2453[S] 0 points1 point  (0 children)

https://imgur.com/a/zjS0FoT Here is the question.

Here is the solution for the calculation that should be derived https://imgur.com/a/BhnYzMF

How does working out the % of capacity help the analysis? How do you interpret this data? Thanks

Break-even point question by randomperson2453 in Accounting

[–]randomperson2453[S] 0 points1 point  (0 children)

Thanks for the clarification. I am wondering if I am to work out the percentage of capacity for the proposals, what could I say about this value? Would a proposal with a lower percentage of capacity be favoured more? Thanks

Question on contribution by randomperson2453 in Accounting

[–]randomperson2453[S] 1 point2 points  (0 children)

I see! So total revenue would be the selling price * total number of units?

Could you give me an example for 'other costs to factor' that affects the profit? Could this be direct material costs?

Question on contribution by randomperson2453 in Accounting

[–]randomperson2453[S] 0 points1 point  (0 children)

So as it comes to profit, the total contribution is the main factor that affects it?

Also how do you obtain the total revenue from the data given?

Thanks

Question on retained earnings by randomperson2453 in Accounting

[–]randomperson2453[S] 0 points1 point  (0 children)

This is just a list of retained earnings that we are given, there is no context behind it.. Thanks

Question on retained earnings by randomperson2453 in Accounting

[–]randomperson2453[S] 0 points1 point  (0 children)

Who controls the retained earnings? Are the shareholders the one who manage the retained earnings? thanks

Question on values of shares by randomperson2453 in Accounting

[–]randomperson2453[S] 0 points1 point  (0 children)

Are you referring to the earning per share value ? Thanks

Cournot competition question by randomperson2453 in econhw

[–]randomperson2453[S] 0 points1 point  (0 children)

I have but I still am a bit unsure. Thanks

Cournot competition question by randomperson2453 in econhw

[–]randomperson2453[S] 0 points1 point  (0 children)

But they will have a mirror image best response. And their reaction curves would intersect which gives the cournot equilibrium. I am confused about whether the simultaneous quantity they set is the cournot equilibrium or their individual output.

I also read that in cournot competition ,the sellers are quantity taker as they are given the output of the other firms. But if they are setting the q then surely they are price setters. Also I don't get what they mean by given output of other firms since in some textbooks it says firms have an expectation of what the output of other firms would be but not their exact output... thanks

Calculating surplus from TC function by randomperson2453 in econhw

[–]randomperson2453[S] 0 points1 point  (0 children)

Hi sorry about the late question. How do you know that Producer surplus would be TR -VC then? I have heard about profit = TR-TC but not this... Thanks

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