The law of diminishing marginal returns states that when an advantage is gained in a factor of production, the marginal productivity will typically diminish as production increases. This means that the cost advantage usually diminishes for each additional unit of output produced.
Diminishing marginal productivity is often recognized in its most straightforward form when a single input variable exhibits a drop in input cost. For instance, a reduction in labor expenses throughout the car-manufacturing process would result in slight increases in profitability per vehicle. However, the law of declining marginal productivity states that managers will see a diminishing increase in productivity for every unit of output. This typically results in declining profitability per automobile.
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which is cheaper: eating out or dining in? the mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13.04
a) The null and alternative hypothesis are:
H0:u = 13.04, Ha:u < 13.04
b) P-value = 0.0151
c) The null hypothesis is rejected.
How can you explain the above step by step?This is a test of the population mean's theory.
The argument is that eating out generally costs less than preparing a similar meal at home.
Then, the null and alternative hypothesis are:
H0:u = 13.04
Ha:u < 13.04
The level of significance is 0.05.
The sample has a n=100 size.
M=12.6 is the sample mean value.
Due to the unknown population standard deviation, we estimate it using the sample standard deviation, which has a value of s=2.
The effect is significant because the P-value (0.0151) is less than the 0.05 level of significance.
The null hypothesis is rejected.
The notion that eating out is much less expensive on average than preparing a similar dinner at home is sufficiently supported by the available data.
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The complete question as follows:
Which is cheaper: eating out or dining in? The mean cost of a flank steak, broccoli, and rice bought at the grocery store costs $13.04 (Money.msn website, November 7, 2012). A sample of 100 neighborhood restaurants showed a mean price of $12.75 and a standard deviation of $2 for a comparable restaurant meal.
a. Develop appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean cost of a restaurant meal is less than fixing a comparable meal at home.
H0: - Select your answer
-greater than or equal to 13.04
greater than 13.04
less than or equal to 13.04
less than 13.04
equal to 13.04
not equal to 13.04
Item 1
Ha: - Select your answer
-greater than or equal to 13.04
greater than 13.04
less than or equal to 13.04
less than 13.04equal to 13.04
not equal to 13.04
Item 2
b. Using the sample from the 100 restaurants, what is the p-value (to 4 decimals)?
Select
between .05 and .10
greater than or equal to .05
greater than 13.04less than or equal to .10
less than 13.04equal to 13.04
not equal to 13.04
Item 3
c. At =.05, what is your conclusion?
- Select your answer
-reject null hypothesis
do not reject null hypothesis
what challenges did toby johnson face when she first took over as manufacturing manager at the williamsport plant?
Employees expressed concern about the lack of funds for training and maintenance parts, which could jeopardize future performance, as well as a perceived lack of communication between management and front-line team members.
What does she do right away when she gets there?Johnson organized a meeting for the entire facility on her first day to introduce herself to the teams for the three shifts. "I'm not going to speculate as to what your priorities are even though I'm aware that there are numerous. I'd want to hear your response.," she continued, giving the staff members permission to express their worries."Communication was the best approach to tap into that pride and enthuse individuals," Johnson said, realizing that the Williamsport team's potential only needed to be channeled.Since their objectives usually differed from those of management, as was made clear during the first plant-wide meeting, Johnson would need to win over the front line.Johnson arranged one-on-one meetings with each and every employee at the facility in order to forge the necessary ties. Johnson's collaborative management style was evident in the unofficial gatherings. She wanted to make an introduction, get to know each person on her team, and get their thoughts on various plant-related issues.According to Johnson, employees felt that management and members of the front-line team did not communicate effectively, and there was worry about a lack of funding for maintenance and training components, which could risk future performance.Johnson presented the concepts to the other members as the discussion progressed. Attitudes began to shift as trust increased.Keith Godfrey, a 32-year Williamsport employee who oversees the processing business unit, credited Johnson for the change, saying, "When someone comes in, Almost immediately, I can tell if they will succeed at the company or not. How they interact with those on the floor is most crucial. Toby has the capacity to inspire self-assurance in those who are around her."As Johnson strolled the manufacturing floor, she made sure to keep trying to get to know the workers as individuals by enquiring about their weekends or families. She did this because she was aware of how simple it would be for the one-on-one sessions to seem like yet another managerial gimmick.Learn more about collaborative management style: https://brainly.com/question/29484815
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explain two ways in which product differentiation can be useful to consumers and two ways in which it can be detrimental to consumers
Because businesses generate goods that appeal to a wide range of customer tastes, economists concur that consumers profit from a market structure that is monopolistically competitive.
What role does product differentiation have in consumers' purchasing decisions?The trait or characteristics that set your product or service apart for your target market are known as product differentiation. It helps you set yourself apart from your competition and boosts brand loyalty, sales, and growth.
An economist is a specialist who researches how goods and services are produced and consumed in an economy. They use this data to support economic policy decisions made by firms and governments.
Anyone who purchases products and services is a consumer. By increasing the demand for products and services, they are the ones who propel the economy. To understand the economy and how it operates, economists employ a range of techniques. Surveys, experiments, or mathematical models might be employed.
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financing a persistent budget deficit. by money creation will a. lead to a sustained stagnation. b. lead to a sustained inflation. c. lead to a sustained deflation. d. not affect prices.
Financing a persistent deficit by money creation will lead to a sustained inflation.
What is inflation?The amount that a collection of products and services have increased in price during a specific time frame, typically a year, is measured by inflation. One of the most well-known words in economics, perhaps. Countries have experienced protracted periods of instability due to inflation. In the field of economics, inflation is the broad term for a rise in the cost of goods and services across an economy. Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money. Demand-pull, cost-push, and inflation expectations are the three basic sources of inflation that can be categorised broadly.
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paulson's pet store completed the adjusted trial balance for the year ended december 31, 20--. owner's equity as of january 1, 20--, was $504,320. the current portion of note payable is $2,000.
Paulson's pet store completed the adjusted trial balance for year ended december 31, 20-, net income is 78080, total assets 639400, total liabilities 31,800, total Liabilities and equity 639,400.
What is trial balance?The closing balances of the company's numerous general ledgers are included in an accounting report called the trial balance. Businesses utilize trial balance, which is list of credit and debit entries, to internally evaluate their double-entry accounting systems. Checking to see if any entries were made in the wrong account and making sure that the sum of all debits and credits equals one another are the objectives. In business and accounting, net income is the income of a firm less cost of goods sold, costs, depreciation and amortization, interest, and taxes for a certain accounting period.
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Which one of the following is NOT a Global Location Decision Factor O A. Franchising O B. Labor Issues O C. Quality of Life Issues O D. Business Clusters
Franchising is Also not a Transnational Centralised Decision Factor, claims the claim.
What do regional business clusters entail?A cluster is a collection of businesses that use comparable technology, pool local resources, and collaborate and establish partnerships. These connections can be made through associations, lobbying, turnover and staff "piracy," cooperative marketing, teaching, or research projects, and partnerships between buyers and suppliers.
What is the collective grouping of enterprises known as?Industry clusters, often referred to as clusters or competitive clusters, are collections of related , similar businesses that are crucial to the success of local economic development. Clusters provide for the interchange of suppliers, the growth of specialized worker skills and skills, and the sharing of a shared market.
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suppose that a price-discriminating producer divides its market into two segments. if the firm sells its product at a price of $34 in the market segment with relatively less-elastic customer demand, the price in the market segment with more-elastic customer demand will be
The price in the market segment with more-elastic customer demand will be less than $34.
Price discrimination occurs when a seller charges different rates for the same good or service to different customers for reasons unrelated to variations in cost. We shall examine the circumstances, goals, and equilibrium of price discrimination in this article.
Price discrimination is conceivable in the situations
1) The seller must have some degree of control over the product's supply. It takes monopoly strength like this to differentiate prices.
2)The market should be split into at least two submarkets by the seller (or more).
3)The product's price elasticity must vary depending on the market. The monopolist can therefore charge a high price to customers whose price-elasticity of demand for the good is lower than 1. In other words, even if the supplier raises the price, these customers do not cut back on their purchases
4)The product shouldn't be able to be sold to customers from the high-priced market by low-priced customers.
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The price in the market segment with more-elastic customer demand will be less than $34.
Price discrimination occurs when a seller charges different rates for the same good or service to different customers for reasons unrelated to variations in cost. We shall examine the circumstances, goals, and equilibrium of price discrimination in this article.
Price discrimination is conceivable in the situations
1) The seller must have some degree of control over the product's supply. It takes monopoly strength like this to differentiate prices.
2)The market should be split into at least two submarkets by the seller (or more).
3)The product's price elasticity must vary depending on the market. The monopolist can therefore charge a high price to customers whose price-elasticity of demand for the good is lower than 1. In other words, even if the supplier raises the price, these customers do not cut back on their purchases
4)The product shouldn't be able to be sold to customers from the high-priced market by low-priced customers.
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question 8 imagine a designer is applying for a job at a new design firm. they want to highlight their ability to collaborate with a team. how can they convey this to the firm’s recruiter?
The project's name and version ought to be included in a file name.No.The date, the author, and the version number must all be included in a file name.
Because content is interconnected in a variety of ways, which website structure enables users to follow their own path?
Matrix Structures Because content is linked in a variety of ways, a matrix structure lets users choose their own path.The principles of hypertext, or HTML, are fully utilized in this type of structure.
Why is a portfolio crucial when applying for a job?
A portfolio is a collection of records that changes over time and shows your skills, experiences, accomplishments, and other qualities.It discusses your life experiences, values, and accomplishments, as well as some of your best work.
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the plant-wide rate approach is the simplest to apply, but it is also the most costly to implement, compared to a departmental or activity-based cost allocation system.
Although it is the easiest and least expensive to implement, the plantwide rate approach offers the least accurate way to estimate product costs.
When a business allocates all of its manufacturing overhead expenses to products or cost items, it does so using a single overhead rate known as the plantwide overhead rate. In smaller organizations with straightforward cost structures, it is most frequently used. In the following cases, using a plantwide overhead rate is acceptable:
Because the overall amount of overhead to be allocated is so negligible, it is not required to use several allocation rates to increase allocation accuracy;
The various firm departments' offerings are remarkably similar to one another in terms of services;
The use of a single allocation base to distribute all of the overhead costs is appropriate. On the other hand, if a business has a lot of overhead to distribute, a single plantwide overhead rate is unacceptable.
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lucia enjoys eating marshmallow fluff sandwiches and drinking orange juice. she is particular about proportions, though: for every marshmallow fluff sandwich she eats, she must drink exactly one glass of orange juice, and vice versa. lucia can purchase the marshmallow fluff for her sandwiches in two jar sizes: 20 ounces and 40 ounces. lucia cares only about the total amount of marshmallow fluff she has available and not at all about the jar size. in other words, she's just as happy with two 20-ounce jars as she is with one 40-ounce jar.
In this scenario, 20-ounce jars of marshmallow fluff and 40-ounce jars of marshmallow fluff are Two possible bundles of 20-ounce jars of marshmallow fluff and 40-ounce jars of marshmallow fluff are shown on the following graph, labeled A and B. Using three purple points (diamond symbol), plot Becky's indifference curve that passes through point A (11). Then, using three orange points (square symbol), plot Becky's indifference curve that passes through point B (12) Hint: To plot both indifference curves, place one point on the edge of the graph, another point on either point A or B respectively, and the final point on another edge of the graph. 20-OUNCE JARS OF MARSHMALLOW FLUFF 0 12 1 2 3 4 5 6 7 8 9 10 11 40-OUNCE JARS OF MARSHMALLOW FLUFF
In this scenario, 20-ounce jars of marshmallow fluff and 40-ounce jars of marshmallow fluff are perfect substitutes since Becky is indifferent between the two.
in the performing arts, a state of affairs is a synoptical university of an event or collection of movements and events. inside the commedia dell'arte, it turned into an define of entrances, exits, and motion describing the plot of a play, and was actually pinned to the again of the surroundings. it's also called canovaccio or "that that is pinned to the canvas" of which the surroundings changed into constructed. Surviving situations from the Renaissance include little aside from individual names, brief descriptions of motion, and references to particular lazzi and not using a similarly rationalization.
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shelly’s assets include money in checking and savings accounts, investments in stocks and mutual funds, and personal property, including furniture, appliances, an automobile, a coin collection, and jewelry. shelly calculates that her total assets are $115,200. her current unpaid bills, including an auto loan, credit card balances, and taxes total $23,600. calculate shelly’s net worth.
The Shelly’s net worth was the $149,300. The Shelly’s total assets are $115,200. The Shelly’s taxes total $23,600.
What is net worth?Net worth is the numerical quantity of all the non-financial and business assets owned by a personal or organization minus the value of all its outstanding liabilities.
The calculated are the shelly’s net worth:
The given the amount are
Assets = $169,400
Liabilities = $20,100
Net worth = Assets − Liabilities
Net worth = $169,400 − $20,100
Net worth =$149,300
As a result, the shelly’s net worth was the $149,300.
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fitchpo company reports in its 2019 10-k, sales of $565 million and cost of goods sold of $226 million. for next year, you project that sales will grow by 6% and that cost of goods sold percentage will be 1 percentage point higher. projected cost of goods sold for 2020 will be:
$246 million is the cost of goods sold for 2020
% COGS of sales FY2019=226/565=40%
FY2020 Sales=FY2019 Sales
1.06=5651.06=$598.9
So, FY2020 COGS=598.9*(40%+1%)=$245.55= $246
What is cost of goods sold?
The direct costs of producing the products that a business sells are referred to as its cost of goods sold (COGS). The cost of the labor and materials directly employed to make the good are also included in this sum. It doesn't include indirect expenditures like those associated with the sales staff and distribution.
In order to compute cost of goods sold (COGS), one must first determine the value of inventory at the start of the study period, then add the cost of any new inventory acquired throughout the study period, and then deduct the value of inventory held at the end of the study period.
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Employees of cnn saw military boats around d. C. And people said they heard gunfire. Cnn reported military action; however, there was no gunfire and the coast guard merely was training. The next day, newspapers reported the miscommunication and helped clarify the confusion. This illustrates which advantage of written communication?.
It gives us the chance to communicate our views, share information, and express our emotions. All of us must communicate.
Explain what communication is.Giving, receiving, and sharing data are all an element of communication, which can occur orally, in writing, through listening or reading, or through any combination of these. Effective communicators respect people, listen carefully to what they have to say, and speak or write clearly.
What definition of communication is the most precise?Trying to get information from one side to another is the main goal of communication. The activity or act of exchanging, expressing, or conveying ideas by writing, speaking, and gesturing is referred to as communication, according to Merriam-Webster Dictionary.
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if it is impracticable to measure the period-specific effects of a change in accounting principle, what approach is used?
if it is impracticable to measure the period-specific effects of a change in accounting principles, the Prospective approach is used
Typically, customary accounting standards (GAAP or U.S. GAAP, pronounced like "gap") are the accounting trends adopted by the U.S. Securities and exchange fee (SEC). whilst the SEC formerly stated that it intends to transport from U.S. GAAP to the worldwide monetary Reporting Standards (IFRS); the latter requirements fluctuate extensively from GAAP, so development has been slow and uncertain. more currently, the SEC has stated that there's no longer a push to move more u.s. companies to IFRS, so the 2 units of standards will "hold to coexist" for the foreseeable destiny.
The economic accounting requirements Board (FASB) published U.S. GAAP in Extensible commercial enterprise Reporting Language (XBRL) beginning in 2008.
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g how is collusion used in oligopoly markets? what is a cartel? are they legal? give one example of either collusion or a cartel that has occurred in the past.
When oligopoly enterprises collaborate and behave as one company, this is called collusion.
How is collusion used in oligopoly markets?
In order to limit output and obtain the monopoly price, cooperating enterprises must come to an explicit or tacit agreement. Oligopolistic businesses can raise prices, limit industrial output, and split profits among themselves by banding together. Collusion occurs when businesses cooperate to decrease output and maintain high prices.
What is a cartel?
A cartel is a group of people who come together to control the supply of a product in order to advance their own interests.
Cartels are typically regarded as illegal under antitrust laws in the United States. A drug cartel is referred to as a cartel in criminal law.
The Organization of the Petroleum Exporting Countries (OPEC) is frequently cited as an example of a cartel in the oil and gas sector.
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a company using the periodic inventory system has inventory costing $210 on hand at the beginning of a period. during the period, merchandise costing $635 is purchased. at year-end, inventory costing $160 is on hand. the cost of goods sold for the year is a.$795 b.$635 c.$685 d.$265
The cost of good sold is $685. The appropriate response is option C.
What is cost of good sold?The total sum that your company spent on expenses directly associated with the selling of goods is known as the cost of goods sold. Depending on the nature of your firm, this could also include raw materials, packaging, direct labor involved in making or selling the product, and items bought for resale.
In order to compute cost of goods sold (COGS), one must first determine the value of inventory at the start of the period, then add the cost of any new inventory acquired throughout the period, and then deduct the value of inventory held at the end of the period.
inventory at the beginning = $210
Purchases= $635
Year end inventory = $160
$210+ $635 - $160 = $685
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TRUE/FALSE externalities are direct benefits or costs accruing to individuals or groups of individuals who were not participants in the activity.
An indirect cost or benefit to a non-participating third party that results from the actions of another party is known as an externality or external cost.So statement is false.
In economics, what are externalities?In the field of economics, an externality is a benefit or cost that an activity of one party (or several parties) has on an unaffiliated third party. Externalities can be thought of as non-priced items that are involved in both producer and consumer market transactions. The use of automobiles contributes to air pollution. Neither the manufacturers of motorized transportation nor the users of such transportation are responsible for covering the cost of air pollution to the rest of society. Another example is the pollution of water caused by mills and factories. Despite the fact that pollution harms all customers, the market does not make up for this harm.
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scenario: assume that empathy state bank begins with the balance sheet shown and is not fully loaned-up. if this bank is subject to a reserve requirement of 5%, how much more can it loan out if it wants to be fully loaned-up?
Assume that the balance sheet for Empathy State Bank is the starting point and that it is not fully leveraged. If a 5% reserve requirement applies to this bank, it may lend if it desires to be fully lent up. $5000.
What is the concept of the passage?The balance sheet shows a company's assets, liabilities, and owner equity as of any particular date. A balance sheet is often generated at the end of certain periods.
An accounting balance sheet has two columns. The column on the left contains a list of the company's assets. A balance sheet gives you a brief snapshot of the financial state of your business at any particular time. Business leaders can examine the financial health of their company using a balance sheet, an income statement, and a cash flow statement.
Thus, Assume that the balance sheet for Empathy State Bank is the starting point.
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3. describe the trends in rinderpest prevalence over time. how do these trends relate to the vaccination program that began in the 1950s?
The tissue culture rinderpest vaccine, or TCRV, was created in 1960 by English veterinary scientist Walter Plowright. It conferred lifetime vaccination without significant side effects or the risk of additional transmission and was inexpensive to make.
The rinderpest illness is brought on by a virus that afflicts animals with hooves, such as cattle and wildebeest. A cow vaccination campaign helped eradicate the Serengeti disease in the 1950s, but it had a significant negative impact on the populations of wildebeest vaccination and other species. The recombinant rinderpest vaccine may well offer protection against distemper in dogs and measles in humans due to the close antigenic relationships of the morbilliviruses.
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Shelby writes an essay for her economics class. She has carefully read several sources on the topic. She includes a references page with her essay but does not include citations in the text of her essay. What is this an example of?
Shelby includes a references page with her essay but does not include citations in the text of her essay. This an example of plagiarism.
What kinds of citations are there?There are many distinct citation formats, but most of them adhere to one of the following three basic principles: parenthetical, numerical, or note citations.
Which citation is used the most often?In the academic world, the Modern Language Association (MLA) citation and referencing style is one of the most well-liked and widely utilized. Language arts, cultural studies, and other humanities academic subjects all employ the MLA citation format when citing sources.
How is plagiarism handled?Allegations of plagiarism may result in a student's suspension or expulsion. The ethics violation may be reflected in their academic record, which could result in the student being denied admission to college from high school or another college. Plagiarism in schools, colleges, and universities is quite severe.
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pawprints paint recently went public in a best efforts offering. the company offered 75,000 shares of stock for sale at an offer price of $39 per share. the administrative costs associated with the offering were $315,000 and the underwriter's spread was 6.5 percent. after completing their sales efforts, the underwriters determined that they sold a total of 71,200 shares. what were the net proceeds to the company?
Pawprints paint was recently announced as the best practices offer. The company had net proceeds of $2,281,308.
Net proceeds are the sums obtained by the seller in a transaction involving the sale of an asset after subtracting all costs and expenditures from the gross proceeds.
The full amount of income earned is referred to as proceeds. Only the amount collected over the cost of purchasing the products sold constitutes a profit. The words income or revenue are favored over proceeds in business and finance. Profit is a word frequently used in business.
Net proceeds to the company =
Number of shares sold × offer price of share × (1 - percentage of underwriter spread) - administrative costs
Net proceeds to the company = 71200 × 39 × (1 - 6.5%) - 315000
Net proceeds to the company = $ 2281308
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the government decides to increase the per-unit tax on the producers of a good only to find that total tax revenue generated by the tax declines. then, in that range,
As the government decides to increase the per-unit tax on the producers of a good only to find that total tax revenue generated by the tax declines, then, in that range, b. the demand is elastic and the coefficient of price elasticity of demand is greater than 1.
In the field of business, elastic demand refers to a phenomenon in which the demand for a product is affected by the increase or decrease in the price of that product.
When a government imposes an increased per-unit tax on producers, the price of the product will increase. As a result, the demand for the product will decrease in the market. The producers will make a lesser amount of the product due to which the total tax revenue will decrease. The coefficient of price elasticity will become greater than 1 in this case.
Although a part of your question is missing, you might be referring to this question:
The government decides to increase the per-unit tax on the producers of a good only to find that total tax revenue generated by the tax declines. Then, in that range,
a. the demand is inelastic and the coefficient of price elasticity of demand is less than 1
b. the demand is elastic and the coefficient of price elasticity of demand is greater than 1
c. the demand is inelastic and the coefficient of price elasticity of demand is greater than 1
d. the demand is elastic and the coefficient of price elasticity of demand is less than 1
e. the demand is elastic and the coefficient of price elasticity of demand is equal to 1
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acquisition for success in choosing to acquire a tv manufacturer as part of your entry strategy to enter the smart tv market, apple intends to integrate the tv manufacturer within its own company. the transfer of which competencies between the two companies creates the possible scenario for success?
Transferring to the TV manufacturer Apple's understanding of touchscreen capabilities and the Apple ecosystem for use in the upcoming Apple Smart TV creates the possible scenario for success of acquisition.
The question has 2 options:- A) Fully integrate the company and combine it with the current computer business because monitors and televisions are similar in their requirements. B) Transfer the knowledge of touchscreen capabilities and the Apple ecosystem from Apple to the TV manufacturer to use for the new Apple Smart TV.
In the first scenario, Apple lacks the technical know-how to manufacture the TV. Here are the distinctions between the two systems with regard to the operating system and port technology. Consequently, it would be difficult to deploy the adapted technology here. The apple would generate a better situation in place of this.
As a result, option b is right.
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are employed by brokerage firms and execute orders for clients on the NYSE. a. Specialists b. Commission brokers c. Venture managers d. Dealers.
Brokerage companies employ dealers, who carry out client orders on the NYSE.
What is the Commission in EU law?Its executive branch of a EU is the European Commission. This means it is in charge of creating legislation, upholding EU laws, and managing EU policies. It is headquartered downtown Amsterdam and has 27 commissioner, each from a different member state.
How is commission paid out?An employee who receives a commission receives a share of the proceeds from the transaction. An employee might make $50 from selling a couch for $500 if they receive an 10% commission on any and all sales.
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scenario 13-2 kachina owns a computer consulting business to help senior citizens learn how to use their ipads. kachina charges $25 per hour for her services. she also works 5 hours a week for the economics department to maintain the department's web page. the economics department pays kachina $20 per hour. refer to scenario 13-2. if kachina can work additional hours at either job, what is the opportunity cost if she spends one hour reading a book?
The $25 per hour opportunity cost, which represents a lost best option, is $25.
What is an example of opportunity cost?
Time spent studying and money used for other purposes are the opportunity costs.Wheat is planted by a farmer;Planting a different crop or making a different use of the resources (land and farm equipment) is an example of the opportunity cost.
What is the simple definition of opportunity cost?The value of what you must give up in order to choose something else is known as the opportunity cost in economics.
What exactly does opportunity cost mean?The value of what you lose when choosing between two or more options is called the opportunity cost.There are trade-offs in every option, and the opportunity cost is the potential advantages you will miss out on if you choose one path over another.
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petrus framing's cost formula for its supplies cost is $1,820 per month plus $9 per for the month of march, the company planned for activity of 622 frames, but the actual level of activity was 629 frames. the actual supplies cost for the month was $7,890. the activity variance for supplies cost in march would be closest to:
The March supply cost activity variance would indeed be close to $63 U
what the cost of suppliesConsumables purchased within a reporting period are included in supplies costs. This could rank among the higher corporate costs, depending on the sort of business.
What examples of supply expenses exist?The cost of a selection of items that the business uses during a given reporting period is referred to as supplies expense in accounting. To execute their daily jobs, employees may frequently use these products. An accountant might classify office printer ink cartridges as a supply expense, for instance.
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suppose that a vaccine is developed for a highly contagious strain of flu. the likelihood that anyone will get this flu decreases as more people receive the vaccine. what is consumer surplus when p
When the supply and demand are equal, it is attained. Equilibrium price and equilibrium quantity are a particular quantity and price at which this happens occurs where demand and the supply curves meet.
What is Equilibrium?Economic equilibrium is a state of affairs when supply and demand, for example, are balanced and the values of other economic variables do not vary in the absence of outside influences. For instance, equilibrium exists when the quantity demanded and the quantity provided are equal, as in the traditional text perfect competition. The market is said to be in equilibrium when a price is determined by competition and the quantities of goods or services demanded by buyers and offered by sellers are equal. The amount is known as "competitive quantity" or market clearing quantity, and the price is frequently referred to as the competitive price or market clearing price. This pricing has a tendency to remain stable absent changes in supply or demand.
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the cumulative amount of a tangible asset's cost that has been depreciated in all prior years plus the current year is called
The cumulative amount of a tangible asset's cost that has been depreciated in all prior years plus the current year is called accumulated depreciation.
The total amount of depreciation applied to an asset up to a particular point is known as accumulated depreciation. The beginning cumulative depreciation balance is increased with each period's depreciation expense. In the balance sheet, an asset's carrying value is determined by subtracting its accumulated depreciation from its historical cost. An asset's carrying value on the balance sheet will correspond to its salvage value at the end of its useful life. A business credits accumulated depreciation and debits depreciation expense when recording depreciation in the general ledger.
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Selected information from Peridot Corporation's accounting records and financial statements for 2021 is as follows ($ in millions):Cash paid to acquire machinery $ 38 Reacquired Peridot common stock 60 Proceeds from sale of land 95 Gain from the sale of land 54 Investment revenue received 72 Cash paid to acquire office equipment 88 In its statement of cash flows, Peridot should report net cash outflows from investing activities of:Multiple Choice:$31 million.$35 million.$90 million.$109 million.
Peridot should report $41 million as net cash inflows from investing activities.
The company's transactions over a given financial period are divided into three divisions on the cash flow statement: operating, investing, and financing.
Operating operations include taxes as well as the net profit or loss, depreciation, changes in current assets (other than cash), and liabilities.
Selling assets, collecting interest, and buying investments are examples of investing activities, whereas issuing stocks, paying down debt (paying off loans), issuing debt instruments, and other financing operations are examples.
An increase in liabilities is an inflow whereas an increase in assets other than cash is an outflow. While non-cash revenue, such as gains on assets, is subtracted from net income, depreciation and other non-cash expenses are added back.
Net cash inflows from investing activities for Peridot (in millions)
= -$38 + $95 + $72 - $88
= $41 million
While the acquisition of own shares is a financing transaction, the gain from the sale of land will be subtracted from the net income under the cash flows from operating activities.
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gray, inc., a c corporation, has taxable income from operations of $2,048,000 for 2021. it also has a net long-term capital loss of $512,000 from the sale of a subsidiary's stock. the year 2021 is the first year in the last 10 years that gray has not had at least $819,200 per year of net long-term capital gains.
The amount the capital loss is $307,200. So the answer is e. None of the above.
Capital loss refers to the difference between a lower selling cost and a higher purchase cost or value price of an eligible Capital asset, which typically show a financial loss for the seller. This is distinct from losses from selling items below price, which is kindly considered loss in business profit.
Net capital loss = net short-term capital gain of 2021 - net long-term capital loss during 2021
Net capital loss = $819,200 - $512,000
Net capital loss = $307,200
There is a missing part in the question. The complete question is shown below:
Gray, inc., a c corporation, has taxable income from operations of $2,048,000 for 2021. it also has a net long-term capital loss of $512,000 from the sale of a subsidiary's stock. the year 2021 is the first year in the last 10 years that gray has not had at least $819,200 per year of net long-term capital gains. Compute the amount of Carrot’s capital loss carryover to 2021.
a. $0
b. $32,000
c. $45,000
d. $185,000
e. None of the above
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