Mark produced 9 cans of sauce with 3 pounds of tomatoes. When he increased to 5 pounds, he produced 13 cans. What is the marginal product?

Answer:

Marginal Product is 2

Explanation:

Marginal Product (MP)  is defined as the ration of change in quantity of output produced to the change in quantity of input raw material

Change in quantity of input raw material [tex]= 5 -3 = 2[/tex]

Change in quantity of output of products = 13 - 9 = 4

Marginal Product (MP) [tex]= \frac{4}{2} = 2[/tex]

Marginal Product is 2

c. During a conversation with the credit manager, one of Tabor's sales representatives learns that a $1,281 receivable from a bankrupt customer has not been written off but was considered in the determination of the appropriate year-end balance of the Allowance for Bad Debts account balance. What is the effect of write-off on 2019 net income

"Easton Company uses 2019: Date Activity Quantity Unit Price 5/1 Beginning Inventory 130 $11 5/5 Purchase 280 $13 5/15 Purchase 140 $15 5/25 Purchase 160 $17 Sales were 430 units at $25. Using the FIFO method, determine the dollar value of Ending Inventory for the month of May.”

White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates:

Department
Cutting Finishing
Direct labor-hours 6,100 72,000
Machine-hours 59,000 3,200
Total fixed manufacturing overhead cost $390,000 $443,000
Variable manufacturing overhead per machine-hour $3.00 -
Variable manufacturing overhead per direct labor-hour - $4.75

a. Compute the predetermined overhead rate to be used in each department.
b. Assume that the overhead rates you computed in (1) above are in effect. The job cost sheet for Job 203, which was started and completed during the year, showed the following:

Department
Cutting Finishing
Direct labor-hours 4 19
Machine-hours 80 4
Materials requisitioned $770 $360
Direct labor cost $36 $180
Compute the total manufacturing cost assigned to Jobe 203.

c. Would you expect substantially different amounts of overhead cost to be charged to some jobs if the company use a plantwide overhead rate based on direct labor-hours instead of using departmental rates?

Kogler Corporation's relevant range of activity is 7,000 units to 11,000 units. When it produces and sells 9,000 units, its average costs per unit are as follows:
Average cost per unit

Direct Materials $4.85
Direct Labor $4.70
Variable manufacturing overhead $1.65
Fixed manufacturing overhead $10.00
Fixed selling expense $3.45
Fixed administrative expense $1.50
Sales commissions $0.60
Variable administrative expense $0.55
If the selling price is $27.00 per unit, the contribution margin per unit sold is closest to:
A: $17.45
B: $0.30
C: $14.65
D: $5.80

You expect to receive $9,300 three years from today. You also expect to receive $13,100 five years from today. When you receive each of the amounts, you will immediately deposit them into an investment account that pays interest rate of 7.3 percent per year. How much do you expect to be in your investment account nine (9) years from today

Two metrics that are used to measure a company's financial performance are net income and cash flow. Accountants emphasize net income as calculated in accordance with generally accepted accounting principles. Finance people generally put at least as much weight on cash flows as they do on net income. Question 9 options: True False

A company is currently selling 10,000 units of product monthly for $40 per unit. The unit contribution margin is $27. The company believes that spending $50,000 per month on advertising will allow them to increase the selling price to $45 and that sales will increase by 750 units per month. The company should ______.

A company has determined that its Recovery Time Objective (RTO) for a critical system is three minutes. In order to ensure the continuous availability of its critical systems, the company should consider:

Suppose that the U.S. government decides to charge wine producers a tax. Before the tax, 10 million bottles of wine were sold every month at a price of $4 per bottle. After the tax, 3 million bottles of wine are sold every month; consumers pay $7 per bottle, and producers receive $2 per bottle (after paying the tax).
The amount of the tax on a bottle of wine is -----per bottle. Of this amount, the burden that falls on consumers is-------per bottle, and the burden that falls on producers is------per bottle.
True or False: The effect of the tax on the quantity sold would have been smaller if the tax had been levied on consumers.
a) True
b) False

To avoid insolvency, regulators decide to provide the bank with $25 million in bank capital. However, the bad news about the mortgages is featured in the local newspaper, causing a bank run. As a result, $30 million in deposits is withdrawn. Show the effects of the capital injection and the bank run on the balance sheet. Was the capital injection enough to stabilize the bank

Alcorn Service Company was formed on January 1, Year 1.

Events Affecting the Year 1 Accounting Period

1. Acquired $66,000 cash from the issue of common stock.
2. Purchased $2,400 of supplies on account.
3. Purchased land that cost $30,000 cash.
4. Paid $2,400 cash to settle accounts payable created in Event 2.
5. Recognized revenue on acount of $54,000
6. Paid $27,000 cash for other operating expenses.
7. Collected $44,000 cash from accounts receivable.

Information for Year 1 Adjusting Entries

8. Recognized accrued salaries of $3,800 on December 31, Year 1.
9. Had $800 of supplies on hand at the end of the accounting period.


Events Affecting the 2019 Accounting Period
1. Acquired $26,000 cash from the issue of common stock.
2. Paid $3,800 cash to settle the salaries payable obligation.
3. Paid $5,400 cash in advance to lease office space.
4. Sold the land that cost $30,000 for $30,000 cash.
S. Received $6,600 cash in advance for services to be performed in the future.
6. Purchased $1,600 of supplies on account during the year.
7. Provided services on account of $38,000.
8. Collected $39,000 cash from accounts receivable.
9. Paid a cash dividend of $5,000 to the stockholders.
10. Paid other operating expenses of $25,500.

Information for 2019 Adjusting Entries
11. The advance payment for rental of the office space (see Event 3) was made on March 1 for a one-year term.
12. The cash advance for services to be provided in the future was collected on October 1 (see Event 5). The one-year contract started on October 1.
13. Had $900 of supplies remaining on hand at the end of the period.
14. Recognized accrued salaries of $4,500 at the end of the accounting period.
15. Recognized $1,000 of accrued interest revenue.

Required:
Identify each event affecting the 2018 accounting periods as asset source (AS), asset use (NJ), asset exchange (AE), or claims exchange (CC).

Donny, of Donny's Doughnuts, bakes and sells 100 dozen doughnuts a day using one mixer and one fryer. His rival, Sunshine, of Sunshine's Doughnuts, produces 180 dozen doughnuts a day using two mixers and two fryers. Both shops use the exact same technology to make doughnuts and have the same number of workers and the same size building. Donny and Sunshine both increase their capital equipment by one mixer and one fryer
Which shop will benefit the most from its expansion?
A. The shops will benefit equally because they are using the same quantity of equipment.
B. Donny, because his workers currently have less available capital to work with
C. The local weight-loss clinic, because the number of doughnuts consumed will increase
D. Sunshine, because her operation was producing more doughnuts to start with
How much should Donny realistically expect his production to increase with the new equipment?
A. about 80 dozen
B. about 50 dozen
C. at least 100 dozen
How much should Sunshine realistically expect her production to increase with the new equipment?
A. about 50 dozen
B. at least 80 dozen
C. at least 100 dozen

Damian invests $5,000 today in an account earning 6% per year. How much is the investment worth in 4 years

Selected transactions for Ayayai Corp. during its first month in business are presented below.

Sept. 1 Issued common stock in exchange for $18,000 cash received from investors.
5 Purchased equipment for $8,500, paying $2,500 in cash and the balance on account.
8 Performed services on account for $18,000.
14 Paid salaries of $1,200.
25 Paid $2,500 cash on balance owed for equipment. 30 Paid $500 cash dividend.

Required:
Therow's chart of accounts shows Cash, Accounts Receivable, Equipment, Accounts Pay- able, Common Stock, Dividends, Service Revenue, and Salaries and Wages Expense.
a. Prepare a tabular analysis of the September transactions.
b. Journalize the transactions. Do not provide explanations.
c. Post the transactions to T-accounts.

Sofia worries that if something happens to her husband and he dies, she will lose everything—their home, their cars, etc. Which type of business should Sofia consult to see if there is a plan available to cover her expenses if her husband dies?

A.
stock-held savings institution

B.
web-only financial institution

C.
mutual fund company

D.
life insurance company

I knew their support was conditional even though they seemed friendly (use unconditional)​

A new contract has just been ratified between the local truck drivers union and farley's national trucking. Jerry, a line manager at farleyś, wants to know how the new contract affects his role as a manager. Who would be the best person to provide him with the info?
The coordination liaison
the workers compensation coordinator
the truck drivers
the labor relations specialists

Sarah is interviewing the sales manager to learn more about the skills, responsibility, and behaviors associated with the position. based on sarah's actions, we can conclude that she is conduction a

compensation classification
job analysis
employment comparison
performance appraisal

In the Investment marketplace, Investors will likely accept a high-risk investment only if it promises
Select the best answer from the choices provided.
А.
real returns
B.
nominal returns
C. high returns
D. low, constant returns

Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows:

Engine parts $760,400
Shop direct labor 555,000
Shop and repair equipment depreciation 57,000
Shop supervisor salaries 158,500
Shop property taxes 28,800
Shop supplies 22,100
Advertising expense 15,200
Administrative office salaries 65,400
Administrative office depreciation expense 8,400
Total costs and expenses $1,670,800

The average shop direct labor rate is $15.00 per hour.

Required:
Determine the predetermined shop overhead rate per direct labor hour.

Suppose there are only two firms that sell tablets, Padmania and Capturesque. The payoff matrix below shows the profits (in millions of dollars) each company will earn depending on whether it sets a high or low price for its tablets. For example, the lower-left cell shows that if Padmania prices low and Capturesque prices high, Padmania will earn a profit of $15 million and Capturesque will earn a profit of $2 million. Assume this is a simultaneous game and Padmania and Capturesque are both profit-maximizing firms.

Capturesque
Padmania high price low price
high price 11,11 2,15
low price 15, 2 8, 8

1. If Padmania prices high, Capturesque will make more profit if it chooses a _____ price, and if Padmania prices low, Capturesque will make more profit if it chooses a _____ price.
2. If Capturesque prices high, Padmania will make more profit if it chooses a _____ price, and if Capturesque prices low, Padmania will make more profit if it chooses a _____ price.
3. Considering all of the information given, pricing low _____ a dominant strategy for both Padmania and Capturesque.
4. If the firms do not collude, what strategies will they end up choosing?
a. Both Padmania and Capturesque will choose a low price.
b. Padmania will choose a high price and Capturesque will choose a low price.
c. Both Padmania and Capturesque will choose a high price.
d. Padmania will choose a low price and Capturesque will choose a high price.
5. True or False: The game between Padmania and Capturesque is an example of the prisoners' dilemma.

Partners Cantor and Dickens have capital balances in a partnership of $160,000 and $240,000, respectively. They agree to share profits and losses as follows:

Cantor Dickens
As salaries $40,000 $48,000
As interest on capital at the beginning of the year 10% 10%
Remaining profits or losses 50% 50%
If income for the year was $120,000, what will be the distribution of income to Cantor?

A. $40,000
B. $52,000
C. $64,000
D. $56,000

Barbara's Bakery purchased three new 7-year assets last year. She chose NOT to use Section 179 immediate expensing or take bonus depreciation. The furnishings were purchased for $15,000 in April, the equipment for $6,000 in July, and the appliances for $40,000 in November. Using the appropriate MACRS depreciation tables in the Appendix, what amount of depreciation expense is allowable in the current (second) year of ownership?
a) $16,806
b) $14,939
c) $16,163
d) $16,072

I need help answer this question please

Rose Riley's parents have booked and paid for a family trip to Aspen, Colorado, during her spring break. Rose's friends recently decided to drive to Destin, Florida, for spring break. Rose needs to decide whether to join her parents in Aspen or drive to the beach with her friends. The opportunity costs of joining her friends on the trip to Destin include each of the following EXCEPT:_________
a) her contribution to gas money for the drive to Destin.
b) the ski lift ticket her parents have already purchased for her.
c) her parents' anger if she skips the family trip to Aspen.
d) the hotel costs she will split with her friends in Destin.

If people begin to favor science fiction novels to a greater degree than previously, the demand for science fiction novels _____________

Lauren Fine Clothing manufactures clothes for professional women. Lauren applies overhead at the rate of $15 per direct labor hour. During April, the company has budgeted 9,420 direct labor hours. At the end of April, 9,200 direct labor hours and $132,670 in manufacturing overhead had been incurred. To adjust for the difference between applied and incurred overhead, which journal entry would the firm record (using the pro-rated approach) given the following ending balances:

Sandra would like to organize LAB as either an LLC (taxed as a sole proprietorship) or a C corporation. In either form, the entity is expected to generate an 9 percent annual before-tax return on a $710,000 investment. Sandraâs marginal income tax rate is 37 percent, and her tax rate on dividends and capital gains is 23.8 percent (including the 3.8 percent net investment income tax). If Sandra organizes LAB as an LLC, she will be required to pay an additional 2.9 percent for self-employment tax and an additional 0.9 percent for the additional Medicare tax. LABâs income is not qualified business income (QBI) so Sandra is not allowed to claim the QBI deduction. Assume that LAB will distribute all of its after-tax earnings every year as a dividend if it is formed as a C corporation. (Round your intermediate computations to the nearest whole dollar amount.)

Required:
a. How much cash after taxes would Sandra receive from her investment in the first year if BAL is organized as either an LLC or a C corporation?
b. What is the overall tax rate on BALâs income in the first year if BAL is organized as an LLC or as a C corporation?

External hiring reduces organizational diversity.

Cameron Chemicals uses the weighted-average method in its process costing system. During January, the Assembly Department completed its processing of 25,100 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $691,870 in total. The ending work in process inventory in January consisted of 3,800 units, which were 80% complete with respect to materials and 60% complete with respect to labor and overhead. The costs per equivalent unit for the month were as follows:

Materials Labor Overhead
Cost per equivalent unit $14.40 $4.50 $7.90

Required:

a. Compute the equivalent units of materials, labor, and overhead in the ending inventory for the month.
b. Compute the cost of ending inventory and of the units transferred to the next department for January.
c. Prepare a cost reconciliation for January.

what is market structure​