Aperfectly elastic demand curve implies that the firm: a) must lower price to sell more output. b) can sell as much output as it chooses at the existing price. c) realizes an increase in total revenue which is less than product price when it sells an extra unit. d) is selling a differentiated (heterogeneous) product.

Which of the following best describes why you need to establish goals for your program?

Schonhardt corporation's relevant range of activity is 2,500 units to 5,500 units. when it produces and sells 4,000 units, its average costs per unit are as follows: averagecost per unitdirect materials $ 7.60direct labor $ 2.90variable manufacturing overhead $ 1.65fixed manufacturing overhead $ 2.90fixed selling expense $ 0.95fixed administrative expense $ 0.65sales commissions $ 0.75variable administrative expense $ 0.65if 4,500 units are produced, the total amount of fixed manufacturing cost incurred is closest to: multiple choicea $16,800b $11,400c $11,600d $15,400

Which of the statements is true about the values recorded in the balance sheet of a firm?