The marginal product refers to the additional output created as a result of additional input placed into the firm.
The marginal product is also known as marginal physical product or MPP. In other words, we can take the example of a donut shop or a firm. The additional units of donuts created at a donut shop after its owner decides to hire extra employ will be referred to as the marginal product. As a business grows, the increased input is tend to produce slower rates of increased total product and as a result marginal product tends to reduce but it remains positive. Similarly the same business will reach a point where increasing the input will actually decrease the total output . At this point, the marginal productivity tends to become negative. This marginal product is calculated by the following formula:
marginal product = change in the firm's change in output/ change in quantity of output produced
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Alana, the owner of a small dress-making establishment called Mantua Fab, decides to hire assistants for design, sewing, and other tailoring jobs. After Mantua Fab finishes basic design, Alana sends certain items of clothing to be embroidered and hemmed by another company in the same city. This strategy is referred to as
The strategy by the company is known as outsourcing.
What is outsourcing?In Business, outsourcing means the company has hired or recruited another firm to perform a certain function required to complete the product. It may involve, manufacturing, HR services, marketing, embroidery, etc.
In the above scenario, a certain function required to complete the product is done by another company which is the process of outsourcing.
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A property is sold for $899,999. The buyer has paid $17,000 as earnest money and is obtaining a 65% loan. Based on the information provided, how much additional cash will the buyer have to bring to the closing day?
Based on the amount that the property has sold for and the loan amount, the additional cash the buyer will bring is $297,999.65.
How much should the buyer bring?The amount the buy should bring as additional cash is:
= 899,999 - (899,999 x 65%) - 17,000
= 899,999 - 584,999.35 - 17,000
= $297,999.65
In conclusion, the buyer should bring $297,999.65.
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The additional cash the buyer will bring on closing day is $297,999.65
What is earnest money?
Earnest money is the initial cash payment made by the buyer of a property pending when the final payment would be requested on the closing day.
In this case, the total amount payable by the buyer comprises of the earnest money , 65% of the property price borrowed and finally the additional cash required on closing day.
property price=earnest money+(65%*property price)+additional cash
property price=$899,999
earnest money=$17,000
65%*property price=65%* $899,999
65%*property price=$584,999.35
additional cash=unknown=X
$899,999=$17,000+$584,999.35+X
X=$899,999-$17,000-$584,999.35
X=additional cash= $297,999.65
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The three types of gross private domestic investment include all final purchases of machinery, equipment and tools; all construction; and changes in business
The three types of gross private domestic investment include all final purchases of machinery, equipment, and tools; all construction; and changes in business inventories.
Private fixed investment and alternate in private inventories. it's far measured without a deduction for consumption of constant capital (CFC), consists of replacements and additions to the capital inventory, and excludes investment via U.S. citizens in other nations.
Gross private domestic investment includes the development of nonresidential systems, the production of equipment and software, non-public residential construction, and modifications in inventories.
Gross domestic private investment, as described in country-wide income accounts, could encompass the subsequent, except the government construction of recent highways and dams.
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_____ list the knowledge, skills, and abilities (ksas) an individual needs to perform a job satisfactorily.
Job specifications list the knowledge, skills, and abilities (KSAs) an individual needs to perform a job satisfactorily.
Knowledge is defined as something learned, understood, or conscious. One example of knowledge is learning the alphabet. One example of knowledge is the ability to find places. One example of knowledge is remembering details about an event.
Knowledge refers to information or knowledge gained through experience or education, understanding refers to knowing or realizing the intended meaning or cause of something. Knowledge is better than understanding. Knowledge and understanding go hand in hand.
Knowledge is the understanding and perception of something. It refers to information, facts, skills and wisdom acquired through learning and experience in life.
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The contribution margin as a percentage of sales is referred to as the contribution margin or CM . (Enter only one word per blank)
As a proportion of sales, contribution margin (CM) is referred to as the CM. the claim is correct. This is detailed in further detail below.
What is the profit margin?In general, the contribution margin shows the entire money available after variable expenses to pay for fixed expenditures and provide a profit for the company.
As a result, "contribution margin," or "CM," refers to the contribution margin stated as a percentage of total sales. is based on facts
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A shoe factory produces 20 units of output. its average fixed cost (afc) = $25, average total cost (atc) = $35, and marginal cost (mc) = $15. the shoe factory’s total variable cost is ________.
fine Ill actually help you
Answer:
$10
Explanation:
Data provided in the question
Number of units produced = 20 units
Average fixed cost = $25
Average total cost = $35
Marginal cost = $15
As we know that
Average total cost = Average fixed cost + average variable cost
$35 = $25 + average variable cost
So, the average variable cost is
= $35 - $25
= $10
The average total cost is the sum of average fixed cost and the average variable cost
fine Ill actually help you
The comparative financial statements of Stargel Inc. are as follows. The market price of Stargel common stock was $119.70 on December 31, 20Y2.
Stargel Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Retained earnings, January 1 $5,375,000 $4,545,000
Net income $900,000 $925,000
Dividends:
On preferred stock (45,000) (45,000)
On common stock (50,000) (50,000)
Increase in retained earnings $805,000 $830,000
Retained earnings, December 31 $6,180,000 $5,375,000
Stargel Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Sales $10,000,000 $9,400,000
Cost of goods sold (5,350,000) (4,950,000)
Gross profit $4,650,000 $4,450,000
Selling expenses $(2,000,000) $(1,880,000)
Administrative expenses (1,500,000) (1,410,000)
Total operating expenses $(3,500,000) $(3,290,000)
Operating income $1,150,000 $1,160,000
Other revenue and expense:
Other revenue 150,000 140,000
Other expense (interest) (170,000) (150,000)
Income before income tax expense $1,130,000 $1,150,000
Income tax expense (230,000) (225,000)
Net income $900,000 $925,000
Stargel Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
20Y2 20Y1
Assets
Current assets:
Cash $500,000 $400,000
Marketable securities 1,010,000 1,000,000
Accounts receivable (net) 740,000 510,000
Inventories 1,190,000 950,000
Prepaid expenses 250,000 229,000
Total current assets $3,690,000 $3,089,000
Long-term investments 2,350,000 2,300,000
Property, plant, and equipment (net) 3,740,000 3,366,000
Total assets $9,780,000 $8,755,000
Liabilities
Current liabilities $900,000 $880,000
Long-term liabilities:
Mortgage note payable, 10% $200,000 $0
Bonds payable, 10% 1,500,000 1,500,000
Total long-term liabilities $1,700,000 $1,500,000
Total liabilities $2,600,000 $2,380,000
Stockholders' Equity
Preferred $0.90 stock, $10 par $500,000 $500,000
Common stock, $5 par 500,000 500,000
Retained earnings 6,180,000 5,375,000
Total stockholders' equity $7,180,000 $6,375,000
Total liabilities and stockholders' equity $9,780,000 $8,755,000
Required:
Determine the following measures for 20Y2, rounding to one decimal place, except dollar amounts which should be rounded to the nearest cent.
1. Working capital 2,790,000
2. Current ratio 4.1
3. Quick ratio 2.5
4. Accounts receivable turnover 16
5. Number of days' sales in receivables days
6. Inventory turnover
7. Number of days' sales in inventory days
8. Ratio of fixed assets to long-term liabilities
9. Ratio of liabilities to stockholders' equity
10. Times interest earned
11. Asset turnover
12. Return on total assets
13. Return on stockholders' equity
14. Return on common stockholders' equity %
15. Earnings per share on common stock
16. Price-earnings ratio
17. Dividends per share of common stock $
18. Dividend yield %
Based on the comparative financial statements of Stargel Inc, the financial ratios are:
$2,790,0004.12.516.022.8 days 2.2. times 73 days 2.20.47.61.1 times 11.5%13.3%13.6%$8.5514.0$0.500.4%What are Stargel's financial ratios?Working capital:
= Current assets - Current liabilities:
= 3,690,000 - 900,000
= $2,790,000
Current ratio:
= Current assets / Current liabilities
= 3,690,000 /900,000
= 4.1
Quick ratio:
= 2,250,000 / 900,000
= 2.5
Receivables turnover ratio:
= Net credit sales /Average accounts receivable
= 10,000,000 / 625,000
= 16 times
Number of days' sales in receivables days:
= Average accounts receivable / Average daily sales
= 625,000 / 27,397.26
= 22.8 days
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Which one of the following is unlikely to be an effective or attractive way to try to reduce total production costs per pair at a particular production facility
An unlikely ay to be effective or attractive way to try to reduce total production costs per pair at a particular production facility is performing actions to avoid any use of overtime. This is further explained below.
What is production costs?Generally, Production costs are the expenses a business has to pay while producing a product or offering a service that brings in money for the business.
In conclusion, One of the least probable ways to minimize the overall cost of a pair of shoes at a given manufacturing site is to avoid using overtime.
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In general, what incentives do managers have to make self-serving revenue recognition choices?
Self-serving recognition options include incentives, additional Paid time off (PTO), free goods, shop recognition, and so forth.
An incentive is a valuable thing or item, or a desired activity or event, that motivates an employee to accomplish more of whatever the employer has encouraged through the selected reward. The types of incentives accessible to businesses for usage at work.
Therefore, when sales targets are accomplished, some of the primary motivations that motivate managers to make self-serving recognition decisions include bonuses, additional Paid time off (PTO), free merchandise, store recognition, and so on.
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Taxpayers have been able to deduct ______ of their salt taxes from their ______ tax liability.
Taxpayers have been able to deduct 100% of their salt taxes from their federal tax liability.
A taxpayer can be an individual or business entity that is obligated to pay taxes to a federal, nation, or nearby government. Taxes from each individual and organization are a primary supply of revenue for governments. people and agencies have different annual profits and tax obligations.
A taxpayer is someone or corporation challenged to pay a tax. modern-day taxpayers can also have an identification variety, a reference range issued by using a central authority to citizens or corporations. The time period "taxpayer" normally characterizes one who can pay taxes.
Report returns and pays taxes on time. provide correct statistics on tax returns. Substantiate claims for a refund. Pay all taxes on time after closing an enterprise, and request cancellation of the tax account.
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Taxpayers have been able to deduct 100% of their salt taxes from their federal tax liability.
A taxpayer is an individual or a corporation that must pay taxes to the federal, national, or local governments. The main source of funding for governments comes from the taxes that are levied on each person and business. Annual profits and tax responsibilities vary between people and organizations.
A taxpayer is a person or business that is required to pay taxes. Today's taxpayers can also have an identity type or reference range, that is given to individuals or corporations by a centralized authority. The term "taxpayer" typically refers to someone who is able to pay taxes.
timely filing tax returns and payment of taxes give accurate tax return statistics. Support requests for refunds. After closing a business, pay all taxes on time and ask to have the tax account canceled.
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If a lender agrees to an $80,000 loan at 9% for 15 years with 2 loan discount points, what amount will be charged at closing for the points
points charged at closing will be $80,000 × 0.02 (2 points equal 2%) = $1,600.
Points, also called discount points, lower interest rates in exchange for prepayment. Lenders lower your closing costs in exchange for accepting higher interest rates. These terms may be used to mean something else. "Point" is a term that mortgage lenders have used for many years.
Mortgage points (sometimes called discount points) are fees paid to lower interest rates on home purchases or refinancing. Discount points cost 1% of your mortgage amount. For example, if you take a $ 100,000 mortgage, one point costs $ 1,000.
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The accounting treatment for a lawsuit depends on:
Answer:
It depends on the ability to estimate the amount of payment
Question 511 pts Advertising, personal selling, publicity, and sales promotion are collectively known as the Group of answer choices product mix. distribution channels. promotion mix. marketing channels.
Advertising, personal selling, publicity, and sales promotion are collectively known as the (C) promotion mix.
What is the promotion mix?To achieve a given marketing goal, a promotional mix is a combination of marketing strategies such as advertising, sales, public relations, and direct marketing. Typically, the promotional mix is merely one component of a bigger marketing mix.A promotion mix is an important strategy for delivering a relevant promotion message to each segment via the most appropriate channel.Improves client communication. Companies create a promotion mix in an attempt to speak their customers' language. When properly prepared, it aids in the development of trust between the brand and its clients.Therefore, advertising, personal selling, publicity, and sales promotion are collectively known as the (C) promotion mix.
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Correct question:
Advertising, personal selling, publicity, and sales promotion are collectively known as the:
(A) product mix.
(B) distribution channels.
(C) promotion mix.
(D) marketing channels.
(E) product strategy.
Southwest Airlines offers vacation packages that include airfare, car rental, and lodging. Southwest is using a(n) ________ pricing strategy.
Southwest Airlines offers vacation packages that include airfare, car rental, and lodging. Southwest is using a(n) bundle pricing strategy.
What is bundle pricing ?
A pricing strategy in which managers offer multiple products or services as a single package ("bundle") is called bundle pricing.
Motivation of bundle pricing:
Particularly useful if your customers' demand is highly variable but price discrimination is impractical.
When consumers' price sensitivity of demand varies widely and market conditions make price discrimination difficult
If customers have diverse tastes, it can increase the seller's profit.
It is a method of simulating perfect price discrimination when perfect price discrimination is not possible or when charging multiple prices for the same product is illegal.
Types:
Simple Bundling: When managers offer multiple products or services in a single package so that customers do not have the option of purchasing package components separately
Mixed Bundling: Allows customers to purchase package components as a whole or separately.
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When compiling a pro forma statement, which policy most directly affects the projection of the retained earnings account balance?.
When compiling a pro forma statement, dividend policy most directly affects the projection of the retained earnings account balance.
A Dividend Policy: What Is It?A company's dividend payout to shareholders is governed by a dividend policy. Theoretically, according to some experts, the dividend policy is meaningless because investors can sell a piece of their stock portfolio or shares if they need money. The dividend irrelevance theory contends that dividend payments have no impact on stock prices.
A Dividend Policy's Operation.
The dividend policy is income for shareholders, notwithstanding claims to the contrary. A hefty dividend policy benefits everyone, although company executives are frequently the biggest stockholders.
The majority of businesses see a dividend policy as being fundamental to their corporate strategy. The time, size, and other aspects that affect dividend distributions must all be decided by management. There are three different kinds of dividend policies:
residual dividend policyconstant dividend policy, and stable dividend policy.Learn more about the dividend policy with the help of the given link:
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Which player in the economy supplies labor in the factor market?
Government
Households
Business firms
Rest of the world
The player in the economy that supplies labor in the factor market is households.
Economists refer to all of the resources that firms utilize to buy, rent, or hire the equipment they use to generate goods or services as the "factor market."
The factors of production—raw materials, land, labor, and capital—are what are required to meet these needs.
The input market is another name for the factor market.
By this definition, all markets fall into one of two categories: those that provide businesses with the resources they require, or those that provide consumers with the goods and services they need to make purchases.
The market for finished goods or services is referred to as an output market, whereas a factor market is referred to as an input market.
This can be seen as a closed-loop flow where households are sellers and businesses are buyers in the factor market and vice versa in the market for goods and services.
Hence, The player in the economy that supplies labor in the factor market is households.
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in summary the answer is households
What consideration may discourage executives from disclosing information about many segments of the enterprise?
The considerations that may discourage executives from disclosing information about many segments of the enterprise are Adding the Cost of any beginning inventory.
Enterprise segment means the enterprise reporting segment as defined in the seller's financial statements unless it includes network infrastructure products with integrated Digital Enhanced (iDEN) protocols and associated software and services.
Enterprise Segment means (i) Retail Pro Software or Enterprise Edition users who purchase four or more inventories, and (ii) Retail Pro Software or Enterprise Edition users who purchase a single inventory of more than 10 seats. Or (iii) A prospective Retail Pro Software or Enterprise Edition user with 4 or more retail stores or a single retail store location with more than 10 seats. This definition is subject to change in accordance with Section 2.9.
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Products that are difficult to move out of a plant once they are manufactured, such as ocean-going vessels and room-sized murals, are usually manufactured in a _____ layout. Group of answer choices customized centralized fixed-position static service
Products that are difficult to move out of a plant once they are manufactured, such as ocean-going vessels and room-sized murals, are usually manufactured in a fixed-position layout.
Option C is the answer
What is fixed-position layout?A fixed-position layout is used for product that are not movable or easily moved.
The worker producing it can move but the product cannot be moved. Large product are found in this group such as ship.
Therefore,
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The standard overhead applied is based on the ______ level of activity multiplied by the predetermined overhead rate. multiple choice question. standard actual budgeted
The standard overhead applied is based on the actual level of activity multiplied by the predetermined overhead rate.
The term "overhead" describes continuing business costs that aren't directly related to providing a good or service. It is crucial for budgeting as well as for figuring out how much a business must charge for its goods or services in order to turn a profit.
The sum of anticipated overhead costs for a time period is known as a standard overhead cost, also known as a rate.
In other words, this is the cost that management expects to incur throughout the upcoming time period.
The budgeting process is used to create the company's future production and output plans using standard overhead rates.
Hence, the blank in the given statement is to be filled by the word actual.
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True or false: Although rapid changes in technology increase the amount of information available, the information must support the information requirements of the business decision makers to be fully effective.
Answer:
As for this one I have to go with Yes
Juan Delgado is an employee in your sales department and Li Park is an outside consultant. If you share a dashboard with both of them, will there be any difference in their Power BI experience?
Juan Delgado is an employee in your sales department and Li Park is an outside consultant. If you share a dashboard with both of them, will there will be no difference in there experience.
Who is an employee?an employee is paid to perform a certain task at a particular time.
Power Bi is a statistical tools that is used in analysis data to see the performance of a company or certain organization.
It can be used to make inferences and also generate relevant information that is needed in making relevant decision.
When power bi screen is shared with an individual the person can only see it except they given access to work or make changes on the screen
Therefore, Juan Delgado is an employee in your sales department and Li Park is an outside consultant. If you share a dashboard with both of them, will there will be no difference in there experience.
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What are the five essential elements of an enforceable contract according to roger 2012 essentials of business law?
A legitimate contract must have all necessary aspects such as an offer, its , meeting of minds, acceptance, communication, consideration, capacity, and legality.
Enforceable contracts can be enforced, especially when lawful or valid creditors have enforceable contract rights.
Valid contracts, invalid contracts, voidable contracts, unlawful contracts, and unenforceable contracts are the five types of contracts based on validity. A valid contract is one that is legally enforceable, whereas a void contract is one that is not legally enforceable and imposes no duties on the parties concerned.
Therefore, the answer is given below:
Meeting of mindsAcceptanceCommunicationConsiderationCapacity, and legality.To know more about enforceable contract click here:
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Which of the following is a type of tax paid straight to the federal government?
O Income tax
Sales tax
O Property tax
Regressive tax
Option a: Income tax
Income tax is a tax levied on an individual or group with respect to the income or profits received by the individual or group. Income tax is usually calculated as the product of tax rate and taxable income. tax rates may vary depending on the type and characteristics of the taxpayer and the type of income.
Income tax is a tax that the government imposes on income generated by businesses and individuals within its jurisdiction. Income tax is used to fund public services, pay government obligations, and provide goods to citizens.
what is income tax? the tax levied on the income of a company or individual is known as income tax. Income taxable income can come from various sources, including wages, salaries, dividends, interest, loyalty, rent, gambling prizes, and product sales.
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Occasionally a broker is compensated based on a predetermined sale price, and the broker retains any amount of the actual sale price above that amount. this is known as a:_______
Occasionally a broker is compensated based on a predetermined sale price, and the broker retains any amount of the actual sale price above that amount. this is known as a listing.
A broker is a person or organization that arranges deals between a buyer and a seller in return for a commission once the transaction is closed. Brokers who act as buyers' and sellers' agents are considered primary participants in the transaction.
A listing agreement gives the agent the right to represent you and your house to prospective buyers. It states that this individual alone is authorized to supervise the property's listing and sale management as a real estate agent. The signing of this contract marks the official beginning of the home selling procedure. Listing improves shareholders' capacity to realize the value of their shares by promoting liquidity. It makes it possible for shareholders to exchange their shares of the company, sharing the risks and profiting from any increase in organizational value.
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Write the definition in your own words
Cash Basis of Accounting:
Accrual Basis of Accounting:
Matching Principle:
Time-Period Principle:
Accounting Period:
The definition in my own words are:
Cash Basis of Accounting: is type of accounting that that makes use of revenues and expenses at the time cash is received.Accrual Basis of Accounting: The accrual basis of accounting focus on recording revenues .Matching Principle: can be regarded as accounting concept that focus on companies report expenses .Time-Period Principle: is one that a business should report the states that financial results of its activities .Accounting Period: serves as the period of time that is used for accounting functions, this can be a fiscal year.What is accounting?Accounting serves as the process which involves the recording as well as summarizing business and financial transactions.
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A stock’s contribution to the market risk of a well-diversified portfolio is called risk. It can be measured by a metric called the beta coefficient, which calculates the degree to which a stock moves with the movements in the market.
A stock's contribution to the market risk of a well-diversified portfolio is called relevant risk. It can be measured by a metric called the beta coefficient, which calculates the degree to which a stock moves with the movements in the market.
What is Relevant Risk?Market-wide systemic risk or Relevant Risk is a given, reflecting the influence of monetary, geopolitical, and economic variables.Unsystematic risk, which affects a particular sector of the economy or type of security, is distinct from this sort of risk.Relevant Risk is frequently regarded as being challenging to avoid because it is entirely unpredictable.By creating a diversified portfolio, investors can partially lessen the effects of Relevant Risk.Other investment hazards, including industry risk, are driven by systematic risk. It is possible to diversify an investment portfolio by buying a variety of stocks in different industries, such as infrastructure and healthcare, if an investor has focused too much on cybersecurity stocks, for instance.To learn more about Relevant Risk with the given link
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Delivering health care goods and services requires several inputs, in economic terms. These inputs can be classified as either Question Blank 1 of 1 Answer or nonlabor.
Delivering healthcare goods and services requires several inputs in economic terms these inputs can be classified as either labor or non-labor.
What are non-labor inputs?Speaking from the perspective of the factors of production, on one hand, non-labor inputs refers to such inputs as:
EnergyLandCapital Information etc.The amount of labor input is calculated as either the number of employees or the number of hours they put in during a specific time period, such a year.
The majority of nations gather information on the number of employees and are able to compute labor productivity as output per employee.
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How does bank 2. 0 stand up against the competitors in the industry?
Bank 2. 0 stands up against the competitors in the industry by aim at those customers who are mainly underbanked.
When referring to the new age of banking services that have emerged as a result of technical advancements like near field communication (NFC), smart phones, and internet inventions like social media, the term "banking 2.0" is occasionally used.
Bank 2. 0 constantly do financial business outside of the established banking system. When a person or family is considered underbanked, it means that they have a bank account but frequently use unconventional financial services, such as "money orders, check cashing, and payday loans, rather than traditional loans and credit cards", to handle their money and pay for their expenses and these alternative financial services are provided by bank 2.0 to remain in the industry.
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What will be the resulting change in equilibrium of the chocolate bar market
Equilibrium price will increase and quantity will decrease will be the resulting change in the equilibrium of the chocolate bar market.
The equilibrium charge is the rate at which the amount demanded equals the amount supplied. It's far decided through the intersection of the demand and deliver curves. A surplus exists if the amount of an excellent or carrier provided exceeds the amount demanded on the contemporary charge; it causes downward strain on the charge.
Equilibrium is the nation wherein market supply calls for balance every other, and as a result, costs come to be strong. Typically, an over-supply of goods or services causes expenses to move down, which results in a higher call for—while an underneath-deliver or shortage causes fees to head up resulting in less demand.
Upward shifts inside the supply and demand curves have an effect on the equilibrium rate and amount. If the deliver curve shifts upward, meaning deliver decreases however demand holds constant, the equilibrium rate will increase but the quantity falls.
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table 1 shows the demand schedule for electricity from a coal burning utility table 2 shows teh utiliyy cost of producing electricity and the external cost of the pollution created
The quantity of electricity generated is 300 kilowatts a day and the price of electricity is 12 cents a kilowatt.
The pollution tax is 6 cents a kilowatt.
The tax revenue is $ 18 a day.
Coal-fired power plants generate electricity by burning coal in a boiler to produce steam. The generated steam flows into the turbine under enormous pressure, driving the generator to generate electricity. The steam is then cooled, condensed and returned to the water, then returned to the boiler, and the process restarted from the beginning.
In the United States, coal is mainly used as a fuel for power generation. Coal-fired power plants burn solid coal, solid coal, and lignite. The heat from burning coal is used to turn water into high-pressure steam, which turns a turbine to generate electricity.
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