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8 months ago

a rational decisionmaker takes an action if and only if the marginal cost exceeds the marginal benefit.

1 answer:

7 0

The only time a rational decision maker will choose an action is when the marginal utility of the activity is greater than the marginal cost of the action. Option A

This is further explained below.

<h3>A rational decisionmaker takes an action if and only if:?</h3>

The marginal cost is a term that refers to the change in the total cost that takes place as a direct consequence of an increase in the quantity of a product or service that is produced.

In the field of economics, this phrase refers to the amount of money that must be spent in order to produce one more unit of output.

In conclusion, if the marginal benefit of the action is greater than the marginal cost of the action, then the action will be conducted by a rational actor if there is a positive expectation that the action will have a net positive outcome. Alternative A

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JCS Incorporated experienced the following transactions during its first year of business. The company purchased $16,000 of merc

12345 [234]

Answer:

46.67%

Explanation:

Gross margin is the ratio of gross profit to the total sales. The gross profit is the difference between the sales and cost of goods sold. Other cost given such as land and selling and distribution cost make up assets and operating expenses respectively.

Hence

Gross profit = $30,000 - $16,000

= $14,000

Gross margin = $14,000/$30,000

= 0.4667

The company's gross margin is 46.67%.

4 0

2 years ago

Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual in

k0ka [10]

Answer:

Nov 05

Dr Merchandise inventory 9,000

Cr Accounts payable 9,000

Nov 07

Dr Accounts payable 350

Cr Merchandise inventory 350

Nov 15

Dr Accounts payable 8,650

Cr Merchandise inventory 346

Cr Cash 8,304

Explanation:

Preparation of Journal entries

Based on the information given we were told that on Nov. 5 the company Purchased 900 units of product at the amount of $10 per unit which means that the Journal entry will be:

Nov 05

Dr Merchandise inventory 9,000

Cr Accounts payable 9,000

(900 units *$10 per units)

Based on the information given we were told that the company on Nov. 7 Returned 35 defective units from the the month of November 5 purchase in which they received full credit which means that the Journal entry will be:

Nov 07

Dr Accounts payable 350

Cr Merchandise inventory 350

(35*$10 per units)

Based on the information given we were told that the company on Nov. 15 Paid the amount of money due from the month of November 5 purchase in which they minus the return on November 7 which means that the Journal entry will be:

Nov 15

Dr Accounts payable 8,650

(9,000- 350)

Cr Merchandise inventory 346

(4%*8,650)

Cr Cash 8,304

(8,650-346)

8 0

3 years ago

List the professional skills categories required for kinesiology practitioners to be successful

KatRina [158]

To be succesful, kinesiology practicioners need to:

- Master all the knowledge regarding human body and how they operate
- the ability to build relationship with other people so they could trust you as a client.
- Following/obeying all the ethical codes for the job
- Fulfill the expectation that patients had by suing their services.

4 0

2 years ago

How do value chains determine business processes and its structure??

KatRina [158]

Business processes implement value chains or portions of value chains. Each value chain is supported by one or more business process. The information systems are then implemented in order to make the operation <span>run smoothly and productively.</span>

5 0

3 years ago

Makers Corp. had additions to retained earnings for the year just ended of $261,000. The firm paid out $194,000 in cash dividend

gladu [14]

Answer:

a. $3.5 per share

b. $1.49 per share

c. $38.38 per share

d. 1.93 times

Explanation:

The computation is shown below:

a. Earning per share = (Net income) ÷ (Number of shares)

where,

Net income = Additions to retained earnings + cash dividends

= $261,000 + $194,000

= $455,000

So, the earning per share equal to

= $455,000 ÷ 130,000 shares

= $3.5 per share

b. Dividend per share = (Total dividend) ÷ (number of shares)

= ($194,000) ÷ (130,000 shares)

= $1.49 per share

c. Book value per share = (Total equity) ÷ (number of shares)

= ($4,990,000) ÷ (130,000 shares)

= $38.38 per share

d. Market to book ratio = (Market price per share) ÷ (book value per share)

= $74 ÷ $38.38

= 1.93 times

7 0

3 years ago