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3 years ago

This is not one of the important questions when countries decide how to allocate income: "who will consume what is produced?"

1 answer:

8 0

The answer to this question is false for this is the question that is important in business when countries decides on allocating income because they need to think about those who will consume the products that has been produced because if this is not prioritized, the business will most likely fail for the consumers are one of the important factors that will contribute to the success of the business.

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Yohann lost his job due to the recession. He is still financially secure due to investments he made several years ago. What kind

xenn [34]

I believe that the kind of example that Yohann is setting is the importance of financial planning. So before Yohann lost his job, he was thinking ahead and set a lot of money aside throughout his working years for a rainy day. He couldn't predict that something bad like a recession was going to happen, but he was still prepared for it nevertheless. The other answers do not apply here.

3 0

3 years ago

Read 2 more answers

Please help

nika2105 [10]

Answer:

One is lower risk

Explanation:

8 0

3 years ago

According to your study unit, what's the payoff that keeps volunteers using their own time to help their communities?

Ber [7]

The answer is option C, It is so rewarding, people feel emotionally high and fulfilled when they are done.Definitely, human being find pleasant to help other people who are less fortunate and face troubles. That is what keeps volunteering growing in the communities leading to a better future for the community.

4 0

4 years ago

A firm produces output using capital and labor. The firm's marginal product of labor (MP Subscript Upper L) is 40 and its mar

Anika [276]

Answer:

a. No, the firm is not minimizing the cost of production.

b. The firm should continue to increase the units of labor by reducing the unit of capital until when the ratio of Marginal product of labor to Marginal product of capital of is equal to the ratio of w to r.

Explanation:

a. Is the firm minimizing the cost of production?

The firm minimizing the cost of production where:

Marginal product of labor / Marginal product of capital = w / r

From the question, we have:

40 / 28 = 6 / 3

1.43 = 2

Since the ratio of Marginal product of labor to Marginal product of capital of 1.43 is not equal to the ratio of w to r, the firm is not minimizing the cost of production.

b. What should the firm do, if anything, to produce the same level of output at lower cost?

The firm should continue to increase the units of labor by reducing the unit of capital until when the ratio of Marginal product of labor to Marginal product of capital of is equal to the ratio of w to r.

The closest point at which this will happen is when the Marginal product of labor is 45 and Marginal product of capital is 23 where we have:

45 / 23 = 1.96, or 2 approximately.

6 0

3 years ago

Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer o

Oksana_A [137]

Answer:

The Journal entries are as follows:

(i)

Work in process inventory[9,500 - 800] A/c Dr. $8,700

Manufacturing overhead A/c Dr. $800

To Raw materials inventory $9,500

(To record the issuance of raw materials to production)

(ii)

Work in process inventory[15,700 - 2,000] A/c Dr. $13,700

Manufacturing overhead A/c Dr. $2,000

To wages payable $15,700

(To record the Oak Creek Furniture Factory’s payroll costs)

(iii)

Work in process inventory [13,700 × 55%] A/c Dr. $7,535

To Manufacturing overhead A/c $7,535

(To record the application of manufacturing overhead to production)

5 0

3 years ago