<span>Employers that are able to target their benefit package to attract and keep the retirement and health care continue to attract and retain employees. In addition the compensation package is a major factor in retaining skilled workers include the salary, other benefits, location, opportunities for career advancement the job, reputation of the organization and other similar factors plays an important role of the labor.</span>
Answer:
113,000.
Explanation:
Let go through all the items to see whether we need to include them in the initial outlay or not.
(1) $100,000 worth of equipment => Yes
(2) Shipping will cost $5,000 and installation will cost $8,000 => Yes (Add to purchase price of equipment)
(3) Paid a management consultant $4,000 to analyze this project => No =>This is sunk cost (already incurred regardless of accept or reject the prject)
(4) Increase sales by $20,000 per year => No => under operating cashflow.
(5) $3,500 to train the employees to use the new equipment => No => under operating cashflow.
So, total initial outlay = 100,000 + 5,000 + 8,000 = 113,000.
Answer:
$2,500
Explanation:
Bad debts are debts that have been estimated to be irrecoverable, in that case such debts are normally written off to profit and loss account and eliminated by a credit entry to the debtors account.
The allowance for doubtful accounts are provisions made for debts in the account receivable accounts that may be considered doubtful of collection.
The accounting entry for doubtful debt is a debit to profit and loss account and a credit to provision for doubtful debt account. Provision for doubtful debt is made after bad debt has been deducted from the debtors account.
Therefore 5% of $50,000 = $2,500 represents provision for bad debt.
Marginal cost is the incremental cost incurred for one additional unit.
Marginal benefit is the incremental benefit gained from the one additional unit.
The maximized utility is the concept of getting maximum values from the minimum expenditure.
If you decide to eat one more chip. the change in the total amount gained that comes from this action is the Marginal benefit.
Hence the correct answer is the <u>Marginal benefit</u>