The value of the marginal product of any input is equal to the marginal product of that input multiplied by the: <u>market price</u> of the output.
<h3>How to find the marginal product?</h3>
The marginal product can be defined as the change that occur due to the addition of an output to a unit of input .
The value of marginal product can be calculated by making use of this formula
Value of Marginal Product = Marginal physical product × Average revenue price of the product.
Therefore the statement that complete the statement is market price of the output.
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Answer:
The company pays $ 500 yearly fee to use Mega Tax Software which is record as fixed costs. Fixed costs do not differ with the variation in the manufacturing levels. Conversely, the fixed cost per unit declines as manufacturing increases, as the same fixed costs are extent over more units. Also the fixed costs per unit rises as the production decreases. Therefore when the production level increased from 300 units to 500 units, the fixed costs per unit reduced and since the variable cost per unit is the same at $ 10 per unit regardless of the levels of production, the total cost per return declines from $ 11.67 to $ 11.
Answer:
since you didn't include the graph, I cannot tell what the producer surplus area will be on the graph, but I can calculate total producer surplus in $:
total producer surplus = (actual price - minimum price that a producer is willing to accept) x total quantity supplied
- actual price = $10 million
- minimum price = $2 million
- quantity supplied = 2 million units
total producer surplus = ($10 million - $2 million) x 2,000 jet planes = $8 million x 2,000 jet planes = $16,000 million
Answer: $6000
Explanation:
Financing activities are all activities that a corporation undertakes to affect the company's long-term liabilities or equity.
You list the following activities
- receipts from customers
- receipt from bank for long-term borrowing
- payment to suppliers
- payment of dividends
- payment to workers
- payment for machinery
Any receipts to customers or payments to suppliers are short-term reimbursements for labor or purchase of product, and as such are not included in the financing activity cash flows. Your payments for machinery are not financing activities either as machinery is not considered a liability, rather, it is an asset for the company.
However, your receipt from the bank for long-term borrowing and payments of dividends affect both long-term liabilities and equity, and those are reflected on the financing cash flows as such
Receipts from the bank for long-term borrowing - $7500
Payment of dividends - ($1500)
Net cash flows from financing activities - $6000
Bad debt expense is an operating expense. An increase in operating expenses decreases income from operations.
When a receivable is no longer collectible as a result of a customer's inability to pay an outstanding debt due to bankruptcy or other financial issues, a bad debt expense is recorded. Companies that offer credit to their customers record bad debts as an allowance for doubtful accounts, also referred to as a provision for credit losses, on their balance sheet.
The basic idea behind bad debt expense is the same as that behind all accounting principles: it enables businesses to completely and accurately report their financial position. Almost every business will encounter a customer who is unable to pay at some point, and they will need to record a bad debt expense.
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