Answer:
A. are dependent upon the costs of a firm's inputs
Explanation:
Isocosts are lines showing the various combinations of inputs which costs the same total amount. That is, all inputs combinations with similar cost. It indicates a combination of inputs that an organization or firm can buy or rent at a given cost/price. The isocosts are simply dependent upon the cost of the firm's input, that is to say, the cost of inputs determines the various combination possible. Isocost becomes very important when analyzing a firm's or producer's behavior.
The major advantage of departmentalizing the accountant is because its ensure maximum efficiency since employees could coordinate work within the department function.
Simply put, the term "Departmentalization" refers the process of grouping activities or function into section under the same department.
For instance, every company have an accounting department. The process of sub-grouping the accounting department into legal compliance or financial control, Reports and financial statements, Budgeting etc is known as departmentalization.
The process of Departmentalization has numerous advantages but one particular advantage is that employees with similar expertise can coordinate the work between themselves to achieve efficiency.
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For a monopolist b. price is above marginal revenue.
<h3>What Is Marginal Revenue? </h3>
Marginal revenue can be regarded as increase in revenue which is been gotten from the sale of one additional unit of output.
As a monopolist that is the the only seller in the market, then their marginal revenue is usually above price because they don't have a competitor that is close enough.
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Answer:
Ending inventory as at 31 December = $1500
Explanation:
First-In-First-Out is a method of inventory valuation whereby the stock that comes in first, is used first. This is common for inventory consisting of perishables, such as vegetables where if not used/sold soon, it would be wasted.
Jan 31: Purchases = $20 x 100 units = $2000
<em><u>Remaining inventory:</u></em>
$20 x 100 units = $2000
Feb 28: Purchases = $30 x 100 units = $3000
<em><u>Remaining inventory:</u></em>
$20 x 100 units = $2000
$30 x 100 units = $3000
<em><u>Sales = 150 units x $45:</u></em>
$20 x 100 units = $2000
$30 x 50 units = $1500
<em><u>Remaining inventory</u></em>
200 - 150 = 50 units x $30 = $1500
<em>Thus,</em>
Cost of Goods Sold = $3500 ($2000 + $1500)
Ending inventory as at 31 December = $1500
Answer:
Simone will be considered unemployed.
Explanation:
Simone is 26 years old, this means that she is in the adult population. She used to work as a copy editor for a newspaper. She has lost her job and is actively looking for work. She will be considered an unemployed person and will be included in the labor force.
Those workers who do not have a job currently but are actively looking for one are considered unemployed. Those who are without jobs but are not actively looking for one are considered discouraged workers and are not included in the labor force. The labor force includes only employed and unemployed workers.
