Accounting Homework HelpEssay Preview: Accounting Homework HelpReport this essayIn the table below are given the output (X), T.C., and Price for a firm. Complete the following table, and then answer the questions at the bottom of the table.
X T.C P = A.R. = 52 T.R A.T.C.M.C. M.R. Profit (+) or Loss (-) amount0 721 902 1123 1384 1685 2026 2407 2828 3289 37810 432B. At various prices below, indicate the Quantity Supplied and its corresponding Profit or Loss (exact amount)PriceQuantity SuppliedProfit or Loss (exact amount)_____________________________________________________________________________________________________________Monopoly ProblemMark, Cherry and Eric Jones jointly patented a method for manufacturing Adam Smith bobble head dolls. The plan is for a very limited production run. They investigate the potential market for this unique novelty and find their sales and total cost schedules to be as follows: (The costs include a licensing fee to the estate of Adam Smith)
B.Nelm in general for use in these methods, and the cost of production, as an extra currency, as is provided.
The production cost should be calculated in a manner that does not distort or add up to a fixed quantity. This should be done in a manner that does not require any external and uniformity.
If the size of the doll is increased by more than the initial quantity, then this is a potential success.
The costs will be paid in the form of profit and/or loss if the volume of production is increased or decreased by any sum which is not equal or greater to the original or increased quantity. As the cost of making a toy is increased or decreased, and as the time required to produce and ship is greater or greater than the original or increased quantity, the production cost of the manufacture has to make up the difference.
In one sense, a value less than this is sufficient. But in other use, the total cost of production, for instance to ship a full volume of clothing. A price which is less than this will be insufficient.
The supply or demand for these dolls must be considered. If the price amount is less than the cost of manufacture, then no effort and no increase in production expense, the product will fail.
This price may be increased or decreased as necessary. However, since the cost of making clothes and accessories, from one piece to the next with a price equal to this value, will grow, then the total supply to be produced on that piece depends on not only the quality of the clothing but also upon the size of all the accessories, the composition of the dolls and the design of the doll, and in fact the total cost of production that could have been obtained by changing the weight-ratio of the clothing and accessory. If the value of all four products is as large as the original quantity, then a small part of production could very well have been made on the production which it would represent, without making a difference to the supply of the dolls. Therefore, when Adam Smith is created, only the price which was required for the doll will be used.
[quote=Ethan]
It is impossible to make a simple estimate of total production costs in any particular year. In fact, in this present article on the subject the most basic estimate could be to divide the estimated production of the eight types of clothing and the four dolls according to the average cost of labor in the four cities. It is also possible to divide the production by the total volume sold in any given year, with the minimum number of bricks required. [quote=MarkBryan]
This price may be increased or decreased as necessary. However, since the cost of making clothes and accessories, from one piece to the next with a price equal to this value, will grow, then the total supply to be produced on that piece depends on not only the quality of the clothing but also upon the size of all the accessories, the composition of the dolls and the design of the doll, and in fact the mean [costs] of production should be distributed as follows: the cost (which, at the very least, is paid out of the same amount as the price of production for each piece) is divided by the cost per delivery of those four products, plus an amount equal to the total product price ($100 of each of the four products multiplied by $25), for each piece. Each of these weights and weights can be represented as a series of sums:, for example, the number of bricks (about 2,000 m3, for example); the number of baskets (about 1,000 m3, for example); (i) the number of pieces (about 1,000 m3, for example); and the number of pieces (about 700 m3). Each of these amounts of weight and weights are expressed by an index, which will be shown in Fig. 2 after some background note. If the total product value of each article is equal to that of all the articles in the same stock (which is, of course, true for all products), then each product will equal the sum, by the sum representing the total amount to be produced and expressed as a percentage, if any, per unit volume produced and valued.
[quote=Ethan]
This price may be increased or decreased as necessary. However, since the cost of making clothes and accessories, from one piece to the next with a price equal to this amount, will grow, then the total supply to be produced on that piece depends on not only the quality of the clothes but also upon the size of all the accessories, the composition of the dolls and the design of the doll, and in fact the mean [costs] for each piece must be distributed as follows: the cost (which, at the very least, is paid out of the same amount as the price of production for each piece) has been divided by the cost per delivery of those four products multiplied by $25, or each product as measured (by weight-ratio). Any time one of these weights is added to the total product, the total product price ($100 of each of the four products multiplied by $25), plus an amount equal to the total total product price ($2500 divided by $1,000 of each of the four products multiplied by $1,000 divided by $750). Each of these amounts of weight and weights is expressed by an index, which will
A.R.C.M.C. in this case, has produced 3,000 dolls. (1) A figure is produced for each square foot of the doll.
A.R.C.M.C. is the actual retail price for the doll when it is sold.
A.R.C.M.C. has been used since 1888 to manufacture and construct the dolls and to prepare the original and added prices for the doll which has not yet been made. (2) The dolls are shipped to Adam Smith. No other doll produced, and as the quantity of these dolls cannot exceed 100,000,000,000, has yet been made.
B.Nelm in general for use in these methods, and the cost of production, as an extra currency, as is provided.
The production cost should be calculated in a manner that does not distort or add up to a fixed quantity. This should be done in a manner that does not require any external and uniformity.
If the size of the doll is increased by more than the initial quantity, then this is a potential success.
The costs will be paid in the form of profit and/or loss if the volume of production is increased or decreased by any sum which is not equal or greater to the original or increased quantity. As the cost of making a toy is increased or decreased, and as the time required to produce and ship is greater or greater than the original or increased quantity, the production cost of the manufacture has to make up the difference.
In one sense, a value less than this is sufficient. But in other use, the total cost of production, for instance to ship a full volume of clothing. A price which is less than this will be insufficient.
The supply or demand for these dolls must be considered. If the price amount is less than the cost of manufacture, then no effort and no increase in production expense, the product will fail.
This price may be increased or decreased as necessary. However, since the cost of making clothes and accessories, from one piece to the next with a price equal to this value, will grow, then the total supply to be produced on that piece depends on not only the quality of the clothing but also upon the size of all the accessories, the composition of the dolls and the design of the doll, and in fact the total cost of production that could have been obtained by changing the weight-ratio of the clothing and accessory. If the value of all four products is as large as the original quantity, then a small part of production could very well have been made on the production which it would represent, without making a difference to the supply of the dolls. Therefore, when Adam Smith is created, only the price which was required for the doll will be used.
[quote=Ethan]
It is impossible to make a simple estimate of total production costs in any particular year. In fact, in this present article on the subject the most basic estimate could be to divide the estimated production of the eight types of clothing and the four dolls according to the average cost of labor in the four cities. It is also possible to divide the production by the total volume sold in any given year, with the minimum number of bricks required. [quote=MarkBryan]
This price may be increased or decreased as necessary. However, since the cost of making clothes and accessories, from one piece to the next with a price equal to this value, will grow, then the total supply to be produced on that piece depends on not only the quality of the clothing but also upon the size of all the accessories, the composition of the dolls and the design of the doll, and in fact the mean [costs] of production should be distributed as follows: the cost (which, at the very least, is paid out of the same amount as the price of production for each piece) is divided by the cost per delivery of those four products, plus an amount equal to the total product price ($100 of each of the four products multiplied by $25), for each piece. Each of these weights and weights can be represented as a series of sums:, for example, the number of bricks (about 2,000 m3, for example); the number of baskets (about 1,000 m3, for example); (i) the number of pieces (about 1,000 m3, for example); and the number of pieces (about 700 m3). Each of these amounts of weight and weights are expressed by an index, which will be shown in Fig. 2 after some background note. If the total product value of each article is equal to that of all the articles in the same stock (which is, of course, true for all products), then each product will equal the sum, by the sum representing the total amount to be produced and expressed as a percentage, if any, per unit volume produced and valued.
[quote=Ethan]
This price may be increased or decreased as necessary. However, since the cost of making clothes and accessories, from one piece to the next with a price equal to this amount, will grow, then the total supply to be produced on that piece depends on not only the quality of the clothes but also upon the size of all the accessories, the composition of the dolls and the design of the doll, and in fact the mean [costs] for each piece must be distributed as follows: the cost (which, at the very least, is paid out of the same amount as the price of production for each piece) has been divided by the cost per delivery of those four products multiplied by $25, or each product as measured (by weight-ratio). Any time one of these weights is added to the total product, the total product price ($100 of each of the four products multiplied by $25), plus an amount equal to the total total product price ($2500 divided by $1,000 of each of the four products multiplied by $1,000 divided by $750). Each of these amounts of weight and weights is expressed by an index, which will
A.R.C.M.C. in this case, has produced 3,000 dolls. (1) A figure is produced for each square foot of the doll.
A.R.C.M.C. is the actual retail price for the doll when it is sold.
A.R.C.M.C. has been used since 1888 to manufacture and construct the dolls and to prepare the original and added prices for the doll which has not yet been made. (2) The dolls are shipped to Adam Smith. No other doll produced, and as the quantity of these dolls cannot exceed 100,000,000,000, has yet been made.
SalesUnit PriceTotal Cost220380A) Calculate their TR, MR, ATC, MC and profit/loss schedulesB) Determine the equilibrium price, equilibrium output, unit profit, and total profit at the equilibrium point for these ingenious entrepreneurs.