Amonopolistically competitive firm faces the following demand schedule for its product: price ($) 30 27 24 21 18 15 12 9 6 3 quantity 3 6 9 12 15 18 21 24 27 30 the firm has total fixed costs of $9 and a constant marginal cost of $3 per unit. the firm will maximize profit with

On february 3, smart company sold merchandise in the amount of $5,800 to truman company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. smart uses the perpetual inventory system and the gross method. truman pays the invoice on february 8, and takes the appropriate discount. the journal entry that smart makes on february 8 is:

Which feature is a characteristic of a corporation?

As sales exceed the break‑even point, a high contribution‑margin percentage (a) increases profits faster than does a low contribution-margin percentage (b) increases profits at the same rate as a low contribution-margin percentage (c) decreases profits at the same rate as a low contribution-margin percentage (d) increases profits slower than does a low contribution-margin percentage