Answer:
Yes, because they will net $300 per week
Explanation:
According to the marginal principle, production can be increased if marginal revenue would exceed marginal cost. It means that the venture would be profitable
Marginal cost is the increase in cost as a result of increasing output by one unit.
total marginal cost = 1000 + 50 + 150 = 1200
Marginal revenue is the increase in revenue as a result of increasing output by one unit.
Marginal revenue exceeds marginal cost by (1500 - 1200) 300. Thus, hours of operation can be increased
Answer:
The answer is <u>"$110 billion".</u>
Explanation:
Firms increase their investment by $11 billion
mpc = 0.9
gdp = ?
To find the gdp, first we have to find expenditure multiplier;
we will find that by using the formula;
expenditure multiplier = 1/(1-0.9) = 1/0.1 = 10
Now gdp = 10 x $11 billion
= $110 billion
Thus the <u>gdp is $110 billion.</u>
Please find attached
Answer and Explanation:
1. If there are no other bidders present as from question them we can conclude that Kenji would buy the art piece for $5000. See question
2. If there is a bidder present in the name of Manuel who would bid for $8000 then Kenji would bid at $8000 and win the bid for the art piece. See question. Kenji would bid at price of 2nd highest bidder to win the bid for art piece
Answer:
The entry will be,
Cash 33200 Dr
Accumulated depreciation 16440 Dr
Asset 47700 Cr
Gain on Disposal 1940 Cr
The company will record a gain on disposal of 1940.
Explanation:
The straight line depreciation method allocates a constant depreciation expense through out the useful life of the asset based on the depreciable cost, which is cost less residual value.
<u>Straight line method</u>
Depreciation expense per year = (Cost - Residual value) / estimated useful life
Depreciation expense per year = (47700 - 6600) / 5 = $8220 per year
Accumulated depreciation fr two years = 8220 * 2 = 16440
Carrying value of the asset at the end of two years = 47700 - 16440 = 31260
The asset is sold for $33200. So, there is a gain on sale of 33200 - 31260 = $1940 as the cash received from selling the asset is more than its carrying value.
Answer:
Single use plan
Explanation:
A single use plan is employed in tackling a particular organisational situation. This plan is only used once, because it is used to solve a specific situation and then discarded when the situation has been tackled.
A single use plan is utilized in situations that is unlikely to be repeated in the nearest future since the main purpose of the plan is to solve a particular problem.
The single use plan can be very precise in handling a particular situation.