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Wittaler [7]
3 years ago
10

Which of the following correctly describes a production isoquant?

Business
1 answer:
evablogger [386]3 years ago
4 0

Answer:

An isoquant is a curve that shows the least-cost combinations of inputs that can produce a given level of output.

Explanation:

  • Isoquants are lines of equal values that are meant to show a set of points that have the same quantity of output when changing the quantities of more than two inputs.
  • It also shows an extent to which the firm has the ability to substitute two or different products to attain the same level of the outputs.
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Answer:

The correct answer is the appraiser performed in the assignment.

Explanation:

In order to appraise, or evaluate someone's work, the report must include all details of the work performed. Otherwise, how else would that finished job be evaluated? It's important to describe the work done in order to determine how well or how badly the appraiser performed in the assignment, according to the appraisal report.

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Which of these is a recent technology that a business information manager might evaluate and recommend to their boss
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A company purchased factory equipment on April 1, 2015 for $160,000. It is estimated that the equipment will have a $20,000 salv
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Answer:

$10,500

Explanation:

The computation of depreciation expense using the straight line method is seen below;

= [Original cost - Residual value] ÷ Useful life

= [$160,000 - $20,000] ÷ 10 years

= [$140,000] ÷ 10 years

= $14,000

Using straight line method, the depreciation value is the same for the remaining useful life.

Also, from April 1 to 31 December(9 months), the depreciation expense would be;

= $14,000 × 9/12

= $10,500

Therefore, the amount to be recorded as depreciation expense at December 31, 2015 is $10,500

6 0
3 years ago
Reimer Company reported total manufacturing costs of $425,000, manufacturing overhead totaling $80,000, and direct materials tot
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Answer:

$245,000

Explanation:

Total manufacturing costs are comprised by three components: manufacturing overhead, direct materials cost and direct labor cost.

If we are given the amount for each cost mentioned above except the labor cost, direct labor cost can be simply obtained by:

Total\ cost = Overhead+Materials+Labor\\Labor = \$425,000-\$80,000-\$100,000\\Labor = \$245,000

The direct labor cost is $245,000.

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3 years ago
Fortune Corporation's comparative balance sheet for current assets and liabilities was as follows:
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is it a multiple choice question or?

Explanation:

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2 years ago
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