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3 years ago

Select the best definition of labor productivity:

1 answer:

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<span>Labor productivity is the ability to earn the highest amount of profit for a company for an employees time. Such as a chef, cooking 10 meals in an hour will bring in 100 dollars for those 10 meals and only gets paid 10 dollars. His labor productivity is earning the company 90 dollars for his time.</span>

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Xinhong Company is considering replacing one of its manufacturing machines. The machine has a book value of $38,000 and a remain

irina [24]

Answer:

Alternative A should be accepted as it is giving favourable result of $30,600

Explanation:

Xinhong Company

ALTERNATIVE A: INCREASE OR (DECREASE) IN NET INCOME

Cost to buy new machine $123,000

Cash received to trade in old machine $48,000

Reduction in variable manufacturing costs = 4*($33500 - $22400) = $44,400

Total change in net income $30,600

ALTERNATIVE B: INCREASE OR (DECREASE) IN NET INCOME

Cost to buy new machine $119,000

Cash received to trade in old machine $48,000

Reduction in variable manufacturing costs = 4*($33500 - $10300) = $92,800

Total change in net income $21,800

Therefore, Alternative A should be accepted as it is giving favourable result of $30,600

4 0

3 years ago

Google has written down the following: "to organize the world's information and make it universally accessible and useful." This

qaws [65]

Answer:

<h2>Mission Statement</h2>

Explanation:

A brief description of a company's purpose is called mission statement, it tells about the company's purpose for the public and employees. It varies from company to company as because every company describes it differently.

A mission statement is important as it serves as a base line for everyone in the organisation. It serves as the basis for effective business planning. Mission statements are used in marketing as they are a company's public face. Companies also include them on their websites. A good mission statement can inspire, surprise and transform your business

7 0

3 years ago

A manager who wishes to be successful in international business should avoid a(n) ________ attitude.

coldgirl [10]

Answer: ethnocentric

Explanation:

6 0

3 years ago

What is meant by allocative efficiency? Allocative efficiency is when every good or service A. is produced up to the point where

Alborosie

Answer:

Option (E) is correct.

Explanation:

Allocative efficiency is created when the gap between marginal benefit and marginal cost is maximum. The marginal benefit is the benefit that a consumer can get by consuming an additional unit of a commodity and the marginal cost is the cost that a producer incurred by producing an additional unit.

Hence, the allocative efficiency is achieved where the difference between these two terms is maximized.

5 0

3 years ago

Teller, a calendar year company, purchased merchandise from TechCom on November 1 of the current year. TechCom accepted Teller's

ikadub [295]

Answer:

Dr Interest Receivable $240

Cr Interest Income $240

Explanation:

The reason is that the Techcom company is lender and must account the lending as a loan.

The loan will be paid with the interest at the end of the period. The interest received at the end of December 31 would be the single month loan at the $4800 at the interest rate which is 10 percent here.

The Interest Income = $4800 * (10% interest rate * 2/12) = $240

The interes would be recorded for the two months which is $240 and accounted for as under:

Dr Interest Receivable $240

Cr Interest Income $240

And at the end of January 31, Teller will make the payment which would be accounted for as under:

Dr Cash $5260

Cr Interest Revenue $120

Cr Notes Receivable $4800

Cr Interest Receivable $240

4 0

3 years ago