Answer:
The marginal revenue product has a property known as diminishing marginal return.
The property of diminishing marginal return tells us that theres an amount of input that maximizes revenue, and after this point is reached, additional units of input less addional revenue until diminishing it.
In this example, the Collection Agency is way past the maximum revenue point (located at $34.00 per worker). It needs to lay off employees until it goes from the current $40.00 marginal revenue product, until $34.00 marginal revenue product.
Answer:
Transactions included in the calculation of U.S. GDP:
Transaction C I G X M
1. X
2. M
3. I
4. C
5. G
Explanation:
a) GDP constituents:
Consumption (C) = private consumption expenditures by US households and non-profit-making organizations.
Investment (I) = business expenditures by profit-making organizations for purchase of capital goods or input for further processing.
Government purchases (G) = government spendings for public goods.
Exports (X) = Goods and services moved from the US to other countries.
Imports (M) = Goods and services from other countries into the US.
Answer:
10 times
Explanation:
The financial statement of Tyler company reports a net sales of $300,000
The account receivables at the beginning of the year is $50,000
The account receivables at the end of the year is $10,000
Therefore, the accounts receivable turnover for Tyler company can be calculated as follows
= net sales/average net account receivables
= $300,000/($50,000+$10,000/2)
= $300,000/($60,000/2)
= $300,000/$30,000
= 10 times
Hence the accounts receivable turnover for Tyler company is 10 times
Answer: a. evaluate available resource
Explanation:
Management set a production goal of 500 shippable parts per eight-hour shift. The scrap rate had been running at nine percent. The maximum speed of the machines was 60 parts per hour or one per minute. Which one of the goal-setting steps were missed?
a. evaluate available resource this is the key aspect of production without which production can not kick start or hamper its speed.
Answer:
Please see explanation below.
Explanation:
Given the above, Accounts receivable is an asset. A debit in asset increases the asset. Also, crediting servicing revenue means an increase in equity because service revenue is also part of what makes an equity.
Therefore, debiting accounts receivables and crediting servicing revenue has increased both the assets and equity of Nikea inc.
