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alisha [4.7K]
3 years ago
13

Which calculation helps determine which producer has the absolute advantage? Resources used multiplied by amount produced

Business
2 answers:
zalisa [80]3 years ago
7 0

Answer

The calculation that helps to determine which producer has the absolute advantage is:

B. The amount produced divided by resources used

Explanation

Productivity is calculated by dividing the amount of output produced by the inputs used in its production process. The size of the output is divided by the resources used to produce the goods to determine the advantage/profit acquired in a business process.This will give the producers ultimate advantage as compared to number of time the bussiness will pay back.


erastovalidia [21]3 years ago
6 0

Amount produced divided by the resources used, is the calculation that helps to determine which producer has the absolute advantage.

The performances of a company’s production process measures its productivity.

Further Explanation

Productivity of a company is calculated by dividing its output and the input that are used in the process of production. Common inputs in this case can be natural or capital resources and labor hour, while output are measured by the sales or amount of goods produced by the company.

Productivity can be calculated by the amount of unit produced by a company relative to its labor hour or by measuring the company’s revenue relative to employee labor hours.

However, the overall labor productivity can be calculated by dividing the goods and services a company produced by the employee total hour during a particular period of time.

In a situation where a company had an output of 4,000 units in a month and its input was 4,000 hours of labor, the productivity for such company is 10. This implies the output (40000) is divided by the labor input (4,000), which is equals to 10. This also means that the number of units produced by the employee per hour is 10 in the previous month.

LEARN MORE:

  • more on productivity brainly.com/question/12157373
  • how to calculate productivity brainly.com/question/13011275

KEYWORDS:

  • productivity
  • company's output and input
  • labor
  • goods and services
  • employee
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8 0
3 years ago
On July 23 of the current year, Dakota Mining Co. pays $6,492,240 for land estimated to contain 9,144,000 tons of recoverable or
Neko [114]

Answer:

a. Debit Land accounts  $6,492,240

   Credit Cash account   $6,492,240

Being entries to record the purchase of land

and for the payment and installation of machinery,

b. Debit Machinery account (fixed asset)  $1,280,160

Credit Cash accounts    $1,280,160

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Explanation:

When an asset is purchased with cash, the entries required are debit asset and credit cash. Such asset includes land, equipment, building, mines, inventory etc.

As such to record the purchase of a land,

Debit Land accounts

Credit Cash account

and for the payment and installation of machinery,

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8 0
3 years ago
Bobby Darling is the only employee of Atlantic Records, Inc. During the first week of January, Darling earned $2,600.00 and had
devlian [24]

Answer:

$387.40

Explanation:

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Federal Unemployment Tax                                 $26.00

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3 years ago
A loss contingency can be accrued when it is certain that funds are available to settle the disputed amount. the amount of the l
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Answer: The amount of the loss can be reasonably estimated and it is probable that an asset has been impaired or a liability has been incurred.

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A loss contingent is an expense that is based on a future event for instance, if the company loses a law suit and would have to pay settlement costs.

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g a. Provide the journal entry if the investor purchases the assets and assumes the liabilities of the investee company.
iragen [17]

Answer:

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Explanation:

<em>Hi, your question is incomplete, i tried to look for the full question online but i could not find it.</em>

However, below is an explanation to solving the problem.

An acquisition of investee Assets and Liabilities is not a business combination transaction that requires preparation of consolidated financial statements.

A business combination is a transaction or event in which an ACQUIRER obtains CONTROL of one or more Businesses. So, if it is not a business, it is a mere ASSET ACQUISITION transaction.

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The excess of consideration paid over the net assets acquired at fair value is called goodwill and must be recognized. If not the case the excess of net assets acquired over purchase price (gain on acquisition) must be recognized.

<u>Below are the accounting entries to record an Asset Acquisition transaction.</u>

Debit : All assets bought at their Fair Value Amounts

Debit : Goodwill (<em>if Payment is greater than Net Assets acquired</em>)

Credit : All liabilities assumed at their Fair Value Amounts

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Credit : Gain on acquisition (<em>if Net Assets acquired are greater than Payment</em>)

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