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garri49 [273]
3 years ago
5

A company that applies process costing is most frequently characterized by:A. Low standardization and high production volume.B.

Custom orders and homogeneous products.C. Repetitive production and heterogeneous products.D. Repetitive production and low production volume.E. Homogeneous product and high production volume.
Business
1 answer:
Sholpan [36]3 years ago
5 0

Answer:

E. Homogeneous product and high production volume.

Explanation:

In order to use the process costing system there has to be similar product.

That way the cost of doing a unit is the same as any other unit.

If not, then is better to use job costying system.

Also it has to be a high volume, mass production. So the cost of the period are allocated to the production of untis during the period, instead of allocate for job or order.

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Marginal revenue can become negative for A. both competitive and monopoly firms. B. monopoly firms but not for competitive firms
Lena [83]

Answer:

B. monopoly firms but not for competitive firms.

Explanation:

Marginal revenue can become negative for monopoly firms but not for competitive firms.

A monopolist’s marginal revenue is always less than or equal to the price  of the good.

Marginal revenue is the amount of revenue the firm receives for  each additional unit of output. It is the difference between total revenue – price  times quantity – at the new level of output and total revenue at the previous  output (one unit less).

Since the monopolist’s marginal cost curve lies below its demand curve.  When a monopoly increases amount sold, it has two effects on total revenue:

– the output effect: More output is sold, so Q is higher.

– the price effect: To sell more, the price must decrease, so P is lower.

For a competitive firm there is no price effect. The competitive firm can sell  all it wants at the given price.

So the marginal revenue on a monopolist's additional unit sold is lower than the price, <u>because it gets less revenue for selling additional units.</u>

<u>Marginal revenue can become negative – that is, the total revenue decreases from one output level to the next. </u>

5 0
3 years ago
Suppose that disposable income, consumption, and saving in some country are $800 billion, $700 billion, and $100 billion, respec
Jobisdone [24]

Answer:

MPC = 0.8

MPC = 0.2

Explanation:

Marginal propensity to consume is the proportion of an increase in income that is spent on consumption.

Marginal propensity to consume = increase in consumption / increase in disposable income

Marginal propensity to save is the proportion of an increase in income that is saved.

Marginal propensity to save = increase in savings / increase in disposable income

Disposable income is either consumed or saved. so,

Marginal propensity to consume + marginal propensity to save = 1

Marginal propensity to consume = $64 / $80 = 0.8

Marginal propensity to save = $16 / $80 = 0.2

I hope my answer helps you

7 0
3 years ago
Read 2 more answers
​​​When organizations are in dynamic and uncertain environments, their effectiveness depends on being able to adapt quickly to c
viktelen [127]

Answer:

Organic

Explanation:

​​​When organizations are in dynamic and uncertain environments, their effectiveness depends on being able to adapt quickly to changing customer tastes and preferences, which requires a more organic design.

In a dynamic and uncertain environment a mechanistic design will be inapplicable but organic

An organic organization is best applied to businesses that apply a more open business structure which is needed in order to quickly respond to the dynamics (changes) and uncertainty in the business environment. The structure gives the organization the flexibility to deal with fast-paced environmental change and many different elements.

3 0
2 years ago
In corporations, it is easy to transfer ownership by selling stock.<br> Select one: true or false
Serhud [2]

Answer:

the question is false

Explanation:

you can't sell stock for ownership

8 0
2 years ago
What term refers to a set amount of money kept in the cash register to make change with?
Semenov [28]
The answer is D. Cash float. At the start of every shift in the retail business your register should always start with a specific amount in it and that amount depends on your place of employment
3 0
3 years ago
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