Which element of a business does the following statement represent?

Henry bakes loaves of bread, which he sells for $4 each. He is considering purchasing additional mixers (capital) for his bakery

babunello [35]

Answer: The complete table is as follows:

Explanation:

The following are the formulas for calculating marginal product , total revenue and marginal revenue product:

Marginal product = $\frac{Change\ in\ Total\ Product}{Change\ in\ Capital}$

Total revenue = Price × Quantity

Marginal revenue Product = Marginal product × Price

By using these formulas, I have completed the following table:

6 0

4 years ago

Eurocurrency is the euro, the common currency of Europe. is a time deposit of money in an international bank located in a countr

Leona [35]

Answer:

is a time deposit of money in an international bank located in a country different from the country that issued the currency.

Explanation:

In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.

Simply stated, money refers to any asset which can be used to purchase goods and services by customers.

This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.

Additionally, the rate at which an asset can be used to purchase any goods or services refers to its liquidity. Thus, liquidity is a quality or characteristics of money as a medium of exchange. Therefore, money is a generally accepted medium of exchange around the world.

The three (3) main functions of money all over the world are;

I. Medium of exchange.

II. Unit of account.

III. Store of value.

The European System of Central Banks (ESCB) which was established under the Treaty on European Union (TEU).

It comprises of the European Central Bank (ECB) and the national central banks of all the 27 European Union (EU) member states, irrespective of adopting the Euro (£) or not. This has helped the European Union (EU) member states to achieve tight corporations and memorandum of understanding (MOUs) such as TARGET2 (single payment system).

Eurocurrency is a time deposit of money in an international bank located in a country different from the country that issued the currency.

3 0

3 years ago

Porter Corporation owns all 40,000 shares of the common stock of Street, Inc. Porter has 80,000 shares of its own common stock o

damaskus [11]

Answer: 5.05 per share

Explanation:

.Porter. Street

$,000 $,000

Net income. 264. 236

Less amortization 0. 12

Less Interest. 48. 36

Total. 216. 188

*=. 216+188= 404/80000shasres

=5.05

The parents company Peter fully owns all the share of street which means it takes the whole.profit of street, The consolidation sechdule only takes cognizance of the parents company shares in calculating earning per share and the subsidiary share which is Street it's treated as an investment. The convertible shares are also not taking into consideration since they have not been convert.

6 0

3 years ago

You are saving to buy a $188,000 house. There are two competing banks in your area, both offering certificates of deposit yieldi

VMariaS [17]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

You are saving to buy a $188,000 house. There are two competing banks in your area, both offering certificates of deposit yielding 7.3 percent.

Bank A:

initial investment $105,000

n=[ln(FV/PV)]/ln(1+r)

n=[ln(188000/105000)]/ln(1+0.073)= 8.26 years

Bank B:

Effective rate= 0.073/12= 0.0061

n=[ln(188000/105000)]/ln(1+0.0061)= 95.78 months/12= 7.98 years

5 0

4 years ago

The following data (in thousands of dollars) have been taken from the accounting records of Karmint Corporation for the just com

Fittoniya [83]

Answer:

B) $420

Explanation:

Raw materials inventory, beginning - $50

add: purchases of raw materials - $150

less: raw materials inventory, ending - $40

equals: raw materials used - $160

add: direct labor - $140

add: manufacturing overhead - $160

equals: Total Manufacturing Cost - $460

add: work in process inventory, beginning - $30

equals: Cost of Goods Put into Process = $490

less: work in process inventory, ending - $50

equals: Cost of Goods Manufacture - $440

add: finished goods inventory, beginning - $80

equals: Cost of Goods Available for Sale - $520

less: finished goods inventory, ending - $100

equals: Cost of Goods Sold - $420

Cost of goods sold (COGS) refers to the direct costs attributable to the production of the goods sold in a company.

This amount includes the cost of the materials used in creating the good along with the direct labor costs used to produce the good.

It excludes indirect expenses, such as distribution costs and general and selling expenses.

8 0

4 years ago