Return on assets is calculated by dividing net profit by total assets.
In this case, total assets are the equity of $200,000 plus the liabilities of $400,000, for a total of $600,000. Therefore, the return on assets is 0.15 or 15%.
To calculate return on assets, you first need to determine the total assets. This is calculated by adding the equity and liabilities of a company. In this case, the equity is $200,000 and the liabilities are $400,000, resulting in a total of $600,000.
Then, you divide the net profit of the company by this total. In this example, the net profit is $90,000, so you divide it by the total assets of $600,000. The result is 0.15, which is the same as 15%.
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which of the following is not a source of monopoly power? multiple choice question. patents economies of scale free entry and exit economies of scope
Free entry and exit in economy is not a source of monopoly power.
What is a monopoly power?In reality, monopolies are pretty similar. A single corporation that controls a market or sector is referred to as a monopoly in the business world. A monopoly exists when there is just one alternative available to customers in a market.
A monopolist is another word that is used to describe a monopoly or monopoly power. A monopolist is a person or business that either dominates the market as the only seller or has such a significant impact that they are able to ignore the competition.
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after the petty cash fund is established, the petty cash account is not debited or credited again unless the amount of the fund is changed. true flase
False; after the petty cash fund is created, it is not necessary to debit or credit the account again unless the fund's size changes.
What occurs after a petty cash fund is created?The corporation has internal control over the money in the fund by designating one person as the fund's manager. to start a small cash fund. The petty cash custodian typically deposits the cash in a small, lockable box once the check is cashed. The fund is now prepared for distribution as required.
Is small change a debit or credit?The petty cash account is a current asset in financial accounting. As a result, the money is recorded as a typical debit balance.
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If the export value of American educational institutions is more than twice that of America’s top agricultural export, and supports 455,000 jobs, we can conclude that
Multiple Choice
A. exports of higher education represent an important component of the U.S. economy.
B. exports of higher education are paid for in foreign currencies effectively bypassing EXIM bank requirements.
C. American universities have been recruiting foreign students to the detriment of U.S. students.
D. exports of higher education will continue to grow without export assistance.
E. U.S. taxpayer dollars are being spent in foreign countries rather than domestically.
The export value of American educational institutions is more than twice that of America's top agricultural export and supports 455,000 jobs. As a result, we can conclude that exports of higher education represent an important component of the U.S. economy. The correct option is (A).
Exports of higher education represent an important component of the U.S. economy because the export value of American educational institutions is more than twice that of America's top agricultural export, which supports 455,000 jobs. In 2015, 974,926 international students attended American colleges and universities, contributing $35.8 billion to the economy in the form of tuition, room and board, and other expenses. For each job supported by foreign students, three jobs are created or supported, according to NAFSA.
The correct option is (A).
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the government of the country excel provides a large number of grants for scientists to research new technologies and other processes. this action would
The government of the country Excel provides a large number of grants for scientists to research new technologies and other processes. This action would Promote economic growth by technological advances
What is the government about?The government of the country Excel providing a large number of grants for scientists to research new technologies and other processes is likely to have several positive effects on the country's economy, technological advancement, and overall progress.
Economic Growth: The research and development activities that result from these grants can create new industries and businesses, leading to economic growth and job creation. The development of new technologies can also increase productivity and efficiency, which can contribute to economic growth.
Technological Advancement: The grants will enable scientists to conduct research on new technologies and processes that may have been difficult or impossible to fund otherwise. This can lead to technological advancements in areas such as medicine, energy, and transportation, among others.
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See full question below
The government of the country Excel provides a large number of grants for scientists to research new technologies and other processes. This action would Promote economic growth through technological advances. Increase productivity through capital deepening. Reduce productivity as research is less productive than the addition of capital. Increase human capital and economic growth.
THIS IS FOR ECONOMICS (please help)
One of the main concepts on successful investing is diversification of your portfolio. What does this mean? How would you select stocks?
Answer:
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Explanation:
if the controller uses regression analysis to estimate costs, the cost equation for electricity costs is:
Regression analysis is a statistical method used to establish the relationship between two or more variables. In cost accounting, regression analysis can be used to estimate costs based on the relationship between a cost driver and the cost itself.
For example, if the controller uses regression analysis to estimate electricity costs, the cost equation may look like:
Electricity Costs = a + b × Number of Units Produced
In this equation, "a" represents the fixed cost component of electricity costs, while "b" represents the variable cost per unit of electricity. The "Number of Units Produced" variable serves as the cost driver in the equation, as it is expected to have a significant impact on electricity costs.
To develop this equation, the controller would gather data on electricity costs and the number of units produced over a given period of time. This data would then be input into a regression analysis software, which would analyze the relationship between the two variables and generate an equation that represents that relationship.
Once the equation is established, the controller can use it to estimate electricity costs based on the number of units produced. For example, if the equation yields an "a" value of $10,000 and a "b" value of $0.50, and the company produces 10,000 units in a given period, the estimated electricity cost would be:
Electricity Costs = $10,000 + ($0.50 × 10,000) = $15,000
By using regression analysis to estimate costs, the controller can better understand the relationship between cost drivers and costs, and can use this information to make more informed decisions about production and pricing.
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which of the following generic competitive strategies would a producer of commodity such as steel most likely pursue? broad low cost exclusive dealing broad differentiation horizontal integration focus differentiation
A producer of a commodity such as steel would most likely pursue the broad low-cost generic competitive strategy.
Generic competitive strategies refer to the strategic decisions of an organization in order to achieve a competitive advantage over its rivals. Organizations utilize generic competitive strategies to build a sustainable competitive advantage by exploiting the weaknesses of their competitors in order to boost their market position.
The four most commonly utilized generic competitive strategies are: Cost leadership Broad differentiation Narrow focus Cost leadership and differentiation. The choice of generic strategy is determined by the industry's structural characteristics such as the industry life cycle stage, the level of product differentiation, the intensity of competition, the firm's resources, and the firm's position within the industry. The most appropriate strategy for a commodity producer like steel would be cost leadership.
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it is difficult for a central planner to determine optimal allocations of resources because: of the simplicity of a modern economy. the incentives exist to manipulate the resources to improve the allocations of resources. of a potential lack of incentives among citizens who are asked to provide the central planner with accurate information. of too many incentives governing the central planner.
It is difficult for a central planner to determine optimal allocations of resources because of too many incentives governing the central planner.
What is central planning?Central planning is the management of the economy by the state through a single economic plan that includes all economic activities. The benefits of central planning are:
* Inadequacy of the invisible hand
* Market failures* Equity and Social Justice
* National defense and the protection of the environment
However, the practice of central planning in real-life settings is difficult because of the following factors:
It is difficult to ascertain the appropriate allocation of resources because it is tough to determine the preferences of everyone in society. The cost of obtaining this knowledge is often higher than the benefit that can be derived from such information.
it is difficult for a central planner to determine optimal allocations of resources because of too many incentives governing the central planner. Incentives are motivations that influence the decisions of an individual. As a result, it is difficult for a central planner to allocate resources appropriately since many interests influence his or her decision.
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True or false: A competitive advantage is most often maintained for very long periods of time.
on may 1, anderson company purchased merchandise in the amount of $5,800 from shilling, with credit terms of 2/10, n/30. anderson uses the perpetual inventory system and the gross method. the journal entry that anderson will make on may 1 is:
The journal entry that Anderson will make on May 1 is:
Inventory (Merchandise) 5,800Accounts Payable 5,800Since Anderson purchased merchandise from Shilling on credit, the Accounts Payable account is credited for the full amount of the purchase, which is $5,800. The Inventory account is debited for the same amount to record the increase in the inventory asset. The credit terms of 2/10, n/30 mean that if Anderson pays the invoice within 10 days, it can take a discount of 2% of the purchase price. If it does not take the discount, it has to pay the full amount within 30 days.
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briefly describe the key advantages and disadvantages of the three approaches to management education. under what conditions would you recommend that an organization send its managers to an executive mba program?
The three approaches to management education are traditional degree programs, executive MBA programs, and non-degree executive education programs. Each approach has its own advantages and disadvantages.
Advantages of traditional degree programs:
- Thorough instruction on a wide range of management topics
- Coursework typically includes the ability to focus on a specific subject or area of study
- Learning is structured, with a clear path of progression
Disadvantages of traditional degree programs:
- Long time commitment
- Can be costly
- Not designed for experienced managers
Advantages of executive MBA programs:
- Focuses on practical applications of management skills
- Structured curriculum tailored to experienced managers
- Variety of learning opportunities, such as team building and problem-solving
Disadvantages of executive MBA programs:
- Costly
- Typically require a lot of travel
- Not suitable for someone with limited experience
Advantages of non-degree executive education programs:
- Flexible learning schedule
- Lower cost
- Hands-on instruction from experts
Disadvantages of non-degree executive education programs:
- Less comprehensive instruction
- Limited choice of subjects
I would recommend that an organization send its managers to an executive MBA program when the managers have experience in management and the organization has the budget for it. Executive MBA programs provide an opportunity to apply theory to practice and gain practical skills from experienced professionals.
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mis can also provide businesses with a competitive advantage by allowing them to analyze their data and make data-driven decisions. this can help businesses to identify market trends, opportunities, and threats, and adjust their strategies accordingly. true or false
This can help businesses to identify market trends, opportunities, and threats, and adjust their strategies accordingly" is true.
What is MIS?
MIS stands for Management Information System. It is the system that provides the business's management with the information they require to make informed decisions. This can include financial, operational, and other types of data.
MIS will provide the management with the details required to make a choice when it comes to organizing, planning, and controlling the business.MIS allows businesses to make better decisions by providing them with timely and accurate data. This can help businesses to identify market trends, opportunities, and threats, and adjust their strategies accordingly.
They can also use MIS to analyze data and make data-driven decisions. MIS can also help to improve business performance by enabling businesses to monitor their performance and make improvements where necessary.
MIS has many advantages for businesses. These include the ability to analyze data, make data-driven decisions, and monitor business performance. MIS can also help businesses to identify market trends, opportunities, and threats and adjust their strategies accordingly. Therefore, we can say that the given statement is true.
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his daily job duties include data entry, sending invoices, and scheduling appointments for sales representatives. this suite of tasks, when they are not overly taxing or exceeding his capacity, are called
The given suite of tasks, when they are not overly taxing or exceeding one's capacity, are called routine tasks.
Routine tasks are the activities that an individual does on a daily basis that require little to no cognitive effort, creativity, or critical thinking abilities, and that do not involve high levels of stress, pressure, or complexity. The given suite of tasks, including data entry, sending invoices, and scheduling appointments for sales representatives, are part of a person's regular responsibilities or daily work schedule, and they are usually performed using established procedures, guidelines, or protocols.
These activities are considered routine tasks because they are repetitive, predictable, and have a low degree of variability or novelty. Routine tasks require basic skills and knowledge and do not involve decision-making or problem-solving activities that require the application of specialized expertise, training, or experience.
Routine tasks are a fundamental part of many jobs and are necessary to maintain operational efficiency and productivity. These activities can be automated or outsourced to minimize costs and maximize efficiency. In conclusion, the given suite of tasks, when they are not overly taxing or exceeding one's capacity, are called routine tasks.
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the term used to describe the organization of training into phases or periods that allows for optimal rest and recovery is .
The term used to describe the organization of training into phases or periods that allows for optimal rest and recovery is "periodization".
Periodization is the systematic planning of athletic or physical training. It involves the on-going manipulation of training variables such as intensity, volume, and duration in order to maximize performance gains over time. The term used to describe the organization of training into phases or periods that allows for optimal rest and recovery is Periodization.
Periodization refers to the organization of training into distinct phases or periods to ensure optimal rest and recovery. This method is used by athletes to plan and structure their training program by incorporating training cycles and recovery periods. Periodization is primarily based on the concept of physiological adaptation, where the body adapts to the demands of the exercise. By following a periodized training program, athletes can prevent overtraining and injuries while improving their performance.
A periodized training program typically consists of three main phases: the preparatory phase, the competition phase, and the transition phase. During the preparatory phase, athletes focus on building a foundation of strength, power, and endurance. In the competition phase, the focus shifts to refining skills and peaking for competition. Finally, the transition phase allows for recovery and rest before starting the next cycle of training.
Thus, periodization is a crucial concept in sports training that helps athletes organize their training into phases or periods to ensure optimal rest and recovery.
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which of the following foreign entry modes requires the highest level of investment in terms of capital and other resources and allows for a high level of control? multiple choice acquisitions franchising exporting joint ventures
A: Acquisitions require the highest level of investment in terms of capital and other resources and allow for a high level of control.
Acquisitions involve purchasing an existing foreign company or subsidiary, which allows the acquiring company to take control of the existing operations and assets. This mode of entry provides a high level of control because the acquiring company has the authority to make decisions about the operation and management of the acquired company.
However, it also requires a significant investment in terms of capital and other resources, as the acquiring company must typically pay a premium for the acquired company or subsidiary. Franchising, exporting, and joint ventures require less capital investment and typically involve a lower level of control.
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which of the following would not cause the break-even point to change? multiple choice sales price increases fixed cost decreases sales volume decreases variable costs per unit increases contribution margin decreases
In the following question, among the given options, the following would not cause the break-even point to change "Contribution Margin Decreases."
The break-even point is determined by the sales volume at which total revenues equal total costs. Therefore, any changes to the sales price, fixed costs, sales volume, variable costs per unit, or contribution margin can cause the break-even point to change.
The business would not require as many sales or units to cover the fixed costs, and the break-even point would be reduced. would sales volume decreases cause the break-even point to change, If the volume of sales decreases, it will have a direct impact on the break-even point.
However, contribution margin decreases would not cause the break-even point to change.
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many major media organizations attempt to self-regulate and ensure ethical practice by hiring individuals to deal with readers, viewers, or listeners who have a complaint to report. such individuals are known as:
Many major media organizations attempt to self-regulate and ensure ethical practice by hiring individuals to deal with readers, viewers, or listeners who have a complaint to report. Such individuals are known as ombudsmen.
An ombudsman is an impartial individual who is responsible for investigating and settling complaints made by consumers or the public in general. They investigate complaints that have not been resolved by the organization and work with the parties involved to achieve a resolution. Ombudsmen are usually appointed by institutions or organizations such as newspapers, broadcasters, and government departments to provide a service to the public. The purpose of hiring an ombudsman is to maintain a high level of accountability and professionalism among media companies.
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which of the following remedies is not available for patent infringement? group of answer choices attorney fees in some but not all cases an accounting for profits treble damages when appropriate injunctive relief
The remedy for patent infringement that is not available is attorney fees in some but not all cases.
Attorney fees are normally a part of the damages awarded to a successful patent plaintiff; however, under 35 U.S.C. 285, attorney fees are not available in every case of patent infringement. According to this statute, attorney fees are only available when a defendant acts in bad faith or engages in "willful infringement."
The other remedies for patent infringement are an accounting for profits, treble damages when appropriate, and injunctive relief. An accounting for profits requires the defendant to pay the patent holder all profits the defendant gained from infringing the patent.
Treble damages, when appropriate, require the defendant to pay three times the actual damages suffered by the patent holder. Injunctive relief requires the defendant to cease infringing the patent.
In conclusion, attorney fees are not available in every case of patent infringement. The other remedies available are an accounting for profits, treble damages when appropriate, and injunctive relief.
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how much would you pay to receive $100 at the end of 20 years if you can earn 12% interest on alternative investments of similar risk?
To calculate the present value of an investment that will yield $100 at the end of 20 years with 12% interest, you can use the following formula:
PV = FV / (1 + r)^n
Where PV is the present value, FV is the future value, r is the interest rate, and n is the number of years.
Therefore, in your case, the present value would be:
PV = $100 / (1 + 12%)^20= $7.31
To get $100 at the end of 20 years if you can earn 12% interest on alternative investments of similar risk you would need to pay $7.31.
What is present value?Present value refers to the current value of a future sum of money or stream of cash flows given a specified rate of return. It is also known as the discounted value. The present value of a future payment decreases as the rate of interest increases and decreases as the time until payment increases.
What is future value?The future value is the value of an asset or cash at a specified time in the future. It measures the nominal future sum of money that a particular sum of money is "worth" at a specified time in the future considering the potential interest rate earned over that time period.
The future value of a present sum of money or investment depends on the interest rate or investment return over time.
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is getting ready to purchase shares in a mutual fund. he will have to pay a one-time sales charge to purchase these shares. what type of shares is he buying?
The student is buying load mutual fund shares. When an investor purchases mutual fund shares, they must pay a one-time sales fee known as a load.
The load is typically a portion of the total investment amount and is deducted at the time of purchase.
Mutual funds are a form of investment that pools money from numerous investors to buy securities like stocks, bonds, or other assets. A professional money manager manages the portfolio's investments, allocating the money based on the fund's objectives.
Mutual funds are an excellent way for novice investors to gain exposure to the market while minimizing risk. Mutual funds can be classified into two types: load funds and no-load funds.
Investors who purchase load funds must pay a one-time sales charge or load. A no-load mutual fund, on the other hand, does not charge a sales charge. There are no-load funds that charge a redemption fee if the investor sells the shares too soon.
One-time sales charges are also known as front-end sales fees or sales loads. These fees are charged to new mutual fund investors when they first purchase the fund's shares. The one-time charge varies depending on the mutual fund and is usually a percentage of the total investment.
The percentage typically ranges from 2% to 8% of the total investment amount. The sales charge goes to the financial advisor or salesperson who sold the mutual fund to the investor.
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which model discounts future value? group of answer choices environmental economics service-based economics mainstream economics product-based economics
The model that discounts future value is mainstream economics.
Mainstream economics is a form of economic analysis that is based on the principles of supply and demand and the maximization of economic efficiency. This model seeks to maximize present value by discounting future value. It is important to remember that this is only a model and not an absolute rule, and that it may not be appropriate in all cases. In environmental economics, for example, future costs are often considered as important as present costs, so the discounting of future value may not be appropriate. Service-based and product-based economics may also discount future value, but they typically place a greater emphasis on current costs.
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based on the information presented to you, and what your team is saying, which ethical approach would you like to take?
Based on the information presented to me and what my team is saying, I would recommend taking the utilitarian ethical approach.
This approach focuses on maximizing overall happiness or well-being, and involves considering the consequences of each option, weighing the potential benefits and harms, and choosing the option that will result in the greatest net benefit for all involved.
To apply this approach, follow these steps:
1. Identify the possible courses of action and their consequences.
2. Evaluate the overall benefits and harms of each option for all stakeholders.
3. Choose the option that maximizes overall happiness or well-being.
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if money is neutral, what does this imply about the use of monetary policy? monetary policy is more effective in the short term than the long term. mechanisms should be introduced to ensure that the federal reserve is making sound decisions. monetary policy can influence the price level but cannot be used to encourage economic growth.
If money is neutral, it implies that monetary policy cannot be used to encourage economic growth. This means that monetary policy can influence the price level but not the real GDP.
The monetary policy is more effective in the short-term than the long-term. So, it should be used as a short-term tool to adjust the economy. Monetary policy is a tool used by the government to stabilize the economy. If money is neutral, it means that changes in the supply of money have no impact on the economy's real GDP. Hence, the government cannot use monetary policy to stimulate economic growth by increasing the money supply. Instead, monetary policy can only influence the price level by increasing or decreasing the demand for goods and services.
In the short run, changes in the money supply can impact the economy's price level. However, in the long run, changes in the money supply cannot influence the economy's real GDP. Hence, monetary policy should be used as a short-term tool to adjust the economy. Mechanisms should be introduced to ensure that the federal reserve is making sound decisions. The federal reserve is responsible for implementing monetary policy. As such, it is important to ensure that the federal reserve is making sound decisions when implementing monetary policy. To achieve this, mechanisms such as transparency, accountability, and public oversight should be introduced to ensure that the federal reserve is making sound decisions.
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decision making reflects relatively permanent changes in an employee's knowledge and skills that result from experience. true or false
The statement "Decision making reflects relatively permanent changes in an employee's knowledge and skills that result from experience." is true because decision making is the process of making choices between two or more available options and it is an important part of managing employees in any organization.
Decision making reflects relatively permanent changes in an employee's knowledge and skills that result from experience, such as knowledge acquired through work assignments and the ability to assess situations and identify the best possible solution. By making decisions, employees gain insight into their abilities and learn how to better manage tasks and improve their performance. Decision making also helps employees develop their problem-solving skills, which are necessary to effectively manage projects. As employees learn more about decision making, they can become more adept at making decisions in any situation and gain confidence in their own abilities.
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in budgeting, variance is: group of answer choices a measure of the degree of dispersion of a distribution about its mean value. the difference between a realized value and a budgeted, or standard, value. the percentage decrease in volume that can occur without causing the organization to lose money. the difference between operating profit and total profit. the difference between total revenues and total costs.
In budgeting, variance is the difference between a realized value and a budgeted, or standard, value (option B).
In the context of budgeting, variance is the difference between a budgeted, or standard, value and a realized value. The variance is a quantitative measure of the degree of deviation between budgeted or expected outcomes and actual outcomes of a situation, process, or event. It is the numerical representation of how far apart actual performance or results are from the expected or budgeted performance or results.
Variance is calculated as the difference between an actual value and the standard or budgeted value. In other words, variance is a measure of the degree of dispersion of a distribution about its mean value.
Dispersion measures in budgeting: Dispersion measures are essential components of budgeting. Budgets serve as a guide for the allocation and use of resources to achieve the goals of an organization. Dispersion measures, such as variance, help management to understand how actual results compare to budgeted results, making it easier for them to plan and make decisions about resource allocation in the future.
Budgeting is a process of allocating scarce resources to various competing needs in an organization. By providing feedback on actual results and comparing them to budgeted results, dispersion measures such as variance assist managers in making better decisions about the allocation and use of resources.
Therefore, the difference between a realized value and a budgeted, or standard, value (option b) is variance.
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if a sample of business facilities is reviewed during pci dss assessment, what is the assessor required to validate about the sample?
If a sample of business facilities is reviewed during PCI DSS assessment, the assessor is required to validate that the sample is representative of the organization's overall cardholder data environment.
PCI DSS (Payment Card Industry Data Security Standard) is a set of security protocols for credit card processors that was created by the Payment Card Industry Security Standards Council (PCI SSC). To safeguard against credit card fraud, the PCI DSS was established, with the goal of protecting customer card data by requiring merchants to maintain secure cardholder data environments (CDEs) that comply with the PCI DSS. It applies to all firms that take, process, or transmit payment card data or that store payment card data.
PCI DSS compliance involves a rigorous process that requires merchants to comply with 12 basic requirements, or “security controls,” in order to protect their payment card data environments. A PCI DSS audit and review are necessary to validate that a company is compliant with the PCI DSS. When an organization's CDE is being reviewed during a PCI DSS assessment, the assessor must validate that the sample of business facilities is representative of the company's overall cardholder data environment.
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apple has just paid a quarterly dividend of $3.02. dividends are expected to grow by 10% for the next 4 quarters, and then grow by 1.2% thereafter. apple has a required quarterly return of 5%.what is the terminal value in the fourth quarter (
The terminal value in the fourth quarter is $101.58 if Apple has a required quarterly return of 5% in the last quarter.
Quarterly dividend = $3.02
Growth rate = 10% in the next 4 quarters
After 4 quarters, growth rate = 1.2%
Quarterly return of required = 5%.
To calculate the terminal value in the fourth quarter, we need to calculate the present value for future dividends. The formula for the present value is:
PV = D / (r - g)
PV1 = D1 / (r - g)
PV1 = $3.02 / (0.05 - 0.1)
PV1 = -$60.40
PV2 = D2 / (r - g)
PV2 = ($3.02 * 1.1) / (0.05 - 0.1)
PV2 = $34.13
PV3 = D3 / (r - g)
PV3 = ($3.02 * 1.1^2) / (0.05 - 0.1)
PV3 = $49.33
PV4 = D4 / (r - g)
PV4 = ($3.02 * 1.1^3) / (0.05 - 0.1)
PV4 = $71.46
We need to calculate the terminal value. The formula is:
PV(Terminal Value) = D5 / (r - g)
PV(Terminal Value) = ($3.02 * 1.1^4) / (0.05 - 0.012)
PV(Terminal Value) = $101.58
Now by adding all the present values, we get the terminal value:
Total PV = PV1 + PV2 + PV3 + PV4 + PV(TV)
Total PV = -$60.40 + $34.13 + $49.33 + $71.46 + $101.58
Total PV = $196.10
Therefore, we can conclude that the terminal value in the fourth quarter is $101.58.
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a tool that is increasingly used by service providers to minimize the heterogeneity between those who deliver the service is to employ
Service providers, to minimize the heterogeneity between those who deliver the service, employ the tool of standardization.
What is standardization?Standardization is a tool used by service providers to minimize the heterogeneity between those who deliver the service. It's done to provide a consistent service experience to customers, regardless of who is delivering the service or where it is delivered.
Standardization entails developing specific processes and protocols that all service providers must follow when delivering a service. It helps to reduce the likelihood of human error, ensure service consistency, and enhance the quality of the service.
Additionally, it ensures that all customers receive the same level of service, regardless of which service provider they engage with or where they are located.
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2 cooks at a steak house can cook 15 new york strips in one hour at dinner. when a 3rd cook is added to the kitchen, 10 new york strips can be prepared. calculate the marginal product of adding the 3rd cook
Adding a third cook to the steak house kitchen would result in a marginal product of 10 New York strips.
This is because, when two cooks are in the kitchen, they are able to prepare 15 New York strips in an hour. When a third cook is added, the number of New York strips increases to 25 in the same amount of time.
Thus, the marginal product is the difference between the two numbers, which is 10.
Marginal product refers to the change in the total output of a production process that results from adding one unit of input, while holding all other inputs constant. It is a concept in economics that is used to measure the productivity of additional units of labor or capital.
In other words, marginal product measures the additional output that is generated when an additional unit of input is added to the production process.
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system of rewarding managers by linking bonuses to income computed under absorption costing may result in: multiple choice question. insufficient inventory excess inventory buildup sales negatively affected no effect on inventory
Absorption costing's drawback is that it might distort the perception of a company's profitability. It is also not useful for analysis intended to increase operational and financial efficiency.
With the aid of the absorption costing mechanism, how do managers control revenue?The ability for managers to manipulate income through overproduction is also provided by absorption costs. In comparison to not producing the extra goods, increasing output at year's end results in a higher net income.
If output exceeds sales, how will changes in inventory affect full absorption and variable costing?When production outpaces sales, the revenue computed using full absorption costing will be higher than the income calculated using variable costing. Production being in excess of sales points to a rise in inventories.
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