The accounting hired by Forever Fitness have determined total fixed cost to be $75,000, total variable cost to be $130,000, and total revenue to be $125,000.
Because of this information, in the short run, Forever Fitness should:
a) lower their prices to increase their profits.
b) stay open because the firm is making an economic profit.
c) stay open because shutting down would be more expensive.
d) shut down because staying open would be more expensive.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The accounting hired by Forever Fitness have determined total fixed cost to be $75,000, total variable cost to be $130,000, and total ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
After AT&T was split up by government litigation into a number of different entities (i. e., local phone companies, a long-distance phone company and a phone equipment manufacturer), what was the result on competition in the phone market?
Answers (1)
Teddy is considering buying flood insurance. The cost of flood insurance is $400 per year. Teddy predicts that there is a 20% chance that his house will flood and estimates that a flood will cause $1,000 in damages.
Answers (1)
Choose the correct choice; At the current price level, producers supply $375 billion of final goods and services while consumers purchase $355 billion of final goods and services. The price level is: a. above equilibrium. b. at equilibrium. c.
Answers (1)
Angelena files as a head of household. In 2018, she reported $52,300 of taxable income, including a $10,000 qualified dividend. What is her gross tax liability, rounded to the nearest whole dollar amount
Answers (1)
Al's Automotive started the year with total assets of $250,000 and total liabilities of $180,000. During the year the business recorded $375,000 in revenues, $200,000 in expenses, and dividends of $35,000.
Answers (1)
New Questions in Business
According to the scans report, what name is given to the three basic skill sets that employees must have if they are going to be the best employees?
Answers (1)
Factory Overhead Costs During May, Bergan Company incurred factory overhead costs as follows: indirect materials, $8,800; indirect labor, $6,600; utilities cost, $4,800; and factory depreciation, $9,000.
Answers (1)
Which of the following is a problem that arises in a health insurance market? There exists a fierce competition between the insurance providers. There are a large number of buyers of various insurance programs.
Answers (1)
Sally received $50,000 of compensation from her employer and she received $400 interest from a corporate bond. What is the amount of Sally's gross income from these items? A) $400 B) $50,000 C) $50,400
Answers (1)
What are corporate stocks? A) Corporate stocks are where the financial records of corporations are stored. B) Corporate stocks are the total accumulation of goods and services that a corporation has available for sale to consumers.
Answers (1)