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3 years ago

The income statement debit column of the worksheet showed the following

Business

2 answers:

Greeley [361]3 years ago

7 0

The income statement shows the expenses and revenues of a firm. Therefore the expenses you have shown is going to be added up and deducted from the revenue to get net income.

goldenfox [79]3 years ago

7 0

The correct answer is the table that says

Income Summary | 1300

Supplies Expense | 600

Depreciation Expense | 400

Salaries Expense | 300

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You are a manager for Herman Millera major manufacturer of office furniture. You recently hired an economist to work with engine

KIM [24]

Answer:

$4000 is the correct answer to the given question .

Explanation:

The marginal cost with compare to the labor can be written as

$MC\ = \frac{dQ}{dL} \\MC =\frac{d\ ( 2(K)1/2(L)1/2\ )}{dL} \\\\MC=\frac{\sqrt{K} }{\sqrt{L} }$

Here K=9 units putting this value in the previous equation we get

$MC\ = \frac{\sqrt{9} }{\sqrt{L} }$

$MC=\frac{3}{\sqrt{L} }$

We can find the value of labor by the given formula that are given below

$V *MC=\ W\\400\ *\frac{3}{\sqrt{L} }\ =120\\ L=10$

From the given question that are mention in question

Q = 2(K)1/2(L)1/2

Putting the value of K and L in the given equation we get

$Q\ =2 * \sqrt{9} \ * \sqrt{100} \\Q\ = 60$

So profit maximizing output is =$60 chairs as the chairs can be sold for the $400 each so = $60 * $400 *10=$24000 chairs

As the competitive wage of $120 for 100 units as well as the total of $8,000 on the 9 units of capital equipment

=$20000

Therefore profit-maximizing level of output =$24000-$20000=$4000

6 0

3 years ago

A firm that has recently experienced an enormous growth rate is seeking to lease a small plant in Memphis, TN; Biloxi, MS; or Bi

Irina-Kira [14]

Answer:

Expected annual volume = 18400 units

For Memphis:

Annual cost for building ,equipment and administration = $42800

Annual labor and material cost =Annual volume x cost per unit = 18400 x $8 = $147200

Annual transportation cost = $50000

So,Total cost = $42800 + $147200 + $ 50000 = $240000

For Biloxi:

Annual cost for building ,equipment and administration = $60000

Annual labor and material cost =Annual volume x cost per unit = 18400 x $4 = $73600

Annual transportation cost = $60000

So,Total cost = $60000 + $73600 + $ 60000 = $193600

For Birmingham:

Annual cost for building ,equipment and administration = $100000

Annual labor and material cost =Annual volume x cost per unit = 18400 x $5 = 92000

Annual transportation cost = $27600

So,Total cost = $100000 + $92000 + $27600 = $219600

Explanation:

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3 years ago

What are the causes of corruption?

Trava [24]

Answer:

attributed as causes of corruption: Greed of money, desires. Higher levels of market and political monopolization. Low levels of democracy, weak civil participation and low political transparency

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3 years ago

Read 2 more answers

Outside the flight experience itself, airlines are generating revenue by charging fees for credit cards, frequent-flyer programs

Charra [1.4K]

Complete Question:

Outside the flight experience itself, airlines are generating revenue by charging fees for credit cards, frequent-flyer programs, and access to airport lounges. This serves to

Group of answer choices:

A. increase competition.

B. expand the profit pool.

C. provide better customer service.

D. satisfy regulators

Answer:

B. expand the profit pool.

Explanation:

Outside the flight experience itself, airlines are generating revenue by charging fees for credit cards, frequent-flyer programs, and access to airport lounges. This serves to expand the profit pool.

Generally, all business entities are typically set up to generate revenues by engaging or increasing the number of services being offered to potential customers and as a result of this, make more money or profits.

In this scenario, the airline company has diversified its portfolios through the provision of services centered around the transport or logistics business such as use of credit cards as a means of payment by the customers, use of airport lounges as relaxation spot, waiting area and use of frequent-flyer programs as a form of advert in the airport or on board.

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3 years ago

When no-par stock is issued, the entire proceeds are credited to Capital Stock and this amount is viewed as legal capital not su

zhannawk [14.2K]

Answer:

True

Explanation:

If there is no-par stock is issued, the entire proceeds are credited to Capital Stock. Also, the amount we get in for this capital amount can not be legally withdrawn for any purposes. It also reduces any responsibility faced from payable by the issuance of no face value. The journal entry will be as follows:

Cash Debit

Common stock Credit

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3 years ago