Answer:
D
Explanation:
Sales mix is a ratio of products sold. In this case, sales by golf ball type as a percentage of total sales is the sales mix as it shows the ratio of product sold.
Answer:
High-tech firms are hiring expensive, sophisticated people who are in high demand compared to fast food franchises and treat them better to avoid losing them to other companies
Explanation:
High-tech firms are hiring expensive, sophisticated people who are in high demand. This brings about a better treatment of their employees because if they do not offer these amenities to employees, they would become employees of other high-tech companies. Individuals with low skill levels do not get high salaries or benefits. They are not in as high demand as highly skilled workers. It is efficient, but many would argue that it is not fair.
Complete Question:
Company uses the percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $500,000, and management estimates 2% will be uncollectible. The amount of expense to report on the income statement was $8,000. The Allowance for Uncollectible Accounts prior to adjustment has a credit balance of $2,000. The balance of Allowance for Uncollectible Accounts, after adjustment, will be
Answer:
The balance of Allowance for Uncollectible Accounts, after adjustment, will be
$10,000
Explanation:
a) Data and Calculations:
Net credit sales = $500,000
Uncollectible estimate = 2% of net credit sales
Uncollectible Accounts expense = $8,000
Allowance for Uncollectible Accounts = $2,000 before adjustment
Allowance for Uncollectible after adjustment = $500,000 * 2% = $10,000
Answer:
Explanation: The Marginal Product of Labour reaches it maximum value at the point of diminishing returns and then after this point the marginal product of labour begins to fall.
The law of diminishing returns states that as a units of one input are added while all other inputs are held constant, a point will be reached where the resulting additions to output will begin to decrease; that is at this point marginal product will start declining.
Going further at the point of diminishing returns, the marginal product of labour is still above the average product of labour and the average product of labour will continue to increase until marginal product of labour equals average product of labour.
Answer:
21%
Explanation:
The formula to compute the annual rate of return is shown below:
= Annual net income ÷ average investment
where,
Annual net income equal to
= Annual revenues - annual expense
= $122,610 - $72,000
= $50,610
And, the average investment would be
= (Initial investment + salvage value) ÷ 2
= ($471,000 + $11,000) ÷ 2
= $482,000 ÷ 2
= $241,000
Now put these values to the above formula
So, the rate would equal to
= $50,610 ÷ $241000
= 21%
