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3 years ago

What is allocative efficiency?

1 answer:

6 0

<span>a state of the economy in which production represents consumer preferences; in particular every good or service is produced up to the point where the last unit provides a marginal benefit to consumers equal to the marginal cost of producing </span>

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The Four Tops Company began operations on January 2nd. During the first 3 months of operations, only 3 jobs were worked on. Job

lianna [129]

Answer:

$81,500

Explanation:

As per the data given in the question,

The computation of the cost of goods manufactured is shown below:

Before that first we need to do following calculations

Direct material = $12,000 + $23,000

= $35,000

Direct labor = $11,000 + $20,000

= $31,000

Overhead applied = 50% of direct labor

= 50%×$31,000

= $15,500

Cost of goods manufactured = Direct material + Direct labor + Overhead applied

= $35,000 +$31,000 + $15,500

= $81,500

8 0

3 years ago

Chapter 3 Homework Questions 3, 4 3. Balance Sheet. Construct a balance sheet for Sophie’s Sofas given the following data. What

Svet_ta [14]

Answer:

<u>BALANCE SHEET</u>

Assets Liabilities

Cash 10,000 Account Payable 17,000

Account Receivable 22,000 Long term 170,000

Inventory 200,000 Total Liab 187,000

non-current assets 100,000 Equity 145,000 (A)

total assets 332,000 Total liab + SE 332,000

Earnings before interest and taxes: 11,000 dolllars

Net income 8,000

Explanation:

(A) solve through the accounting equation

assets = laib + equity

332,000 = 187,000 + Equity = 332,000 - 187,000 = 145,000

income tax expense: 2,000

rate 20%

Earnings before taxes x 20% = 2,000

EBT = 2,000 / 0.2 = 10,000

Net income : 10,000 - 2,000 = 8,000

EBIT: EBT + interest expense

10,000 + 1,000 = 11,000

5 0

4 years ago

EAPs are designed to affirm all of the following except

Anton [14]

Answer:

c. monitored employees are better employees

Explanation:

EAP stands for employee assistance program. It basically creates a help for employees which are facing any kind of personal or professional problems in their life.

It is a self initiated program to help the employees, by providing guidance, solving grievances or by any other means.

It nowhere assures that the employees shall be continuously monitored, while they perform and that the employees shall be set free to work in the manner they desire, as long as the company is achieving the targets.

6 0

3 years ago

You have taken out a $350,000, 3/1 ARM. The initial rate of 6.0% (annual) is locked in for 3 years. Calculate the outstanding ba

Vilka [71]

Answer:

Explanation:

The Monthly Payment = Loan Amount / PVAF (360,0.50%)

The Monthly Payment = 350000 / 166.7916

The Monthly Payment = $2098.43

Loan Balance after 3 years = PV(0.50%,324,-2098.43) = $336294.2

5 0

4 years ago

When a 1 percent decrease in price produces more than a 1 percent increase in quantity sold, the product or service is

Sedaia [141]

When a 1 percent decrease in price produces more than a 1 percent increase in quantity sold, the product or service is an Elastic Demand.

<h3>What is an Elastic Demand?</h3>

Elastic demand is measured by its percent of change in demand divided by its percent of change in price, provided all other factors remain the same.
If the change in price and change in demand is proportionate, the item is neither elastic nor inelastic.
An item has elastic demand if its demand changes more than its price changes.

For example, if two stores sell identical products of the same amount for different prices, incase of a perfectly elastic demand nobody would buy from the seller with higher priced product.

Learn more about Elastic Demand here:

brainly.com/question/14897348

#SPJ4

7 0

2 years ago

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