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3 years ago

What are the causes and effects of increasing marginal returns?

Business

1 answer:

Zepler [3.9K]3 years ago

8 0

In the short-run by a production by a firm, an increase in the variable input results in an increase in the marginal. Hope it helped

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Legislators may provide for special projects within their districts. This is called?

Scorpion4ik [409]

Legislators may provide for special projects within their districts. This is called Pork Barrel Politics.

The legislator's practice of slipping funding for a local project into a budget is called Pork-barrel politics. The project may have nothing to do with the bill and may benefit only the legislator's home district. Before a bill gets to a vote, pork-barreling has often greatly inflated its costs through the addition of various legislators' pet projects. In modern politics, pork-barreling and earmarking are synonymous. Fairly speaking, one politician's pork-barrel politics is another's constituent service. The annual Congressional Pig Book documenting pork-barrel projects in the federal budget is published by a nonprofit organization called Citizens Against Government Waste (CAGW).

To know more about politics brainly.com/question/18464634

#SPJ4

4 0

2 years ago

A traditional economy is when goods are sold and bought based on how things have been done for generations.

Neko [114]

The answer is True

I hope this is correct and helps.

6 0

3 years ago

Prepare a multiple-step income statement for Armstrong Co. from the following data for the year ended December 31. Sales, $755,0

Tatiana [17]

Answer:

See explanation

Explanation:

Armstrong Co.

Multi-step Income Statement

For the year ended, December 31, 20YY

Sales $755,000

Less: Cost of merchandise sold (330,000)

Gross Profit $425,000

Less: Operating expenses

Administrative expenses $35,000

Selling expenses $50,000

Total operating expenses $85,000

Income from operation $340,000

Other revenue and expenses:

Rent Revenue $25,000

interest expense ($30,000)

Total other revenues (expenses) $(5,000)

Income before taxes $335,000

Less: Income Tax 0

Net Income (loss) $335,000

That is the appropriate way to prepare a multi-step income statement

3 0

3 years ago

Shelby Boat Wash's cost formula for its cleaning equipment and supplies is $2,940 per month plus $35 per boat. For the month of

Vilka [71]

Answer:

$1,540

Explanation:

Calculation for the activity variance for cleaning equipment and supplies in September

First step is to calculate for theFlexible budget

Using this formula

Flexible budget =[Cleaning equipment and supplies +(Amount per boat ×Actual level of activity)

Let plug in the formula

Flexible budget =[$2,940 + ($35 × 29)]

Flexible budget =$2,940+$1,105

Flexible budget =$3,955

Second step is to calculate for the Planning budget using this is formula

Planning budget =[Cleaning equipment and supplies +(Amount per boat ×Planned activity ]

Let plug in the formula

Planning budget= [$2,940 + ($35 × 73)]

Planning budget=$2,940+$2,555

Planning budget=$5,495

Now let calculate for the activity variance

Using this formula

Activity variance=Flexible budget-Planning budget

Let plug in the formula

Activity variance=$3,955-$5,495

Activity variance=$1,540 Favorable

Therefore the Activity variance for cleaning equipment and supplies in September is closest to:$1,540 Favourable reason been that the flexible budget is lesser than the planning budget

5 0

4 years ago

The Office Supplies account had a balance at the beginning of year 3 of $4,000 (before the reversing entry). Payments for purcha

snow_lady [41]

Answer:

a. Office Supplies Expense a/c Dr. $750

Explanation:

We are provided that office supplies are recorded as an expense, in that case entry will be:

Office Supplies Expense A/c Dr.

To Cash A/c

After this, there is a valuation of closing balance of supplies in hand.

As per books = $4,000

As per inventory of supplies in hand = $4,750

The difference = $4,750 - $4,000 = $750

This will be recorded in Office supplies expense as in this account only the supplies are recorded.

Therefore correct option is

a. Office Supplies Expense a/c Dr. $750

4 0

3 years ago