Suppose that the only café in town can sell five fish dinners per night at a price of $10 each. if this monopoly firm wants to sell six fish dinners, it must reduce the price to $9 each. when the business pursues this strategy to increase sales, the marginal revenue from the sixth dinner sold is:
a. $4.
b. $54.
c. $9.
d. $50.

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be:

You need $87,000 in 12 years. required: if you can earn .54 percent per month, how much will you have to deposit today?