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Helen [10]
3 years ago
12

Potatoes cost Janice $1.25 per pound, and she has $5.00 that she could possibly spend on potatoes or other items. Suppose she fe

els that the first pound of potatoes is worth $1.50, the second pound is worth $1.14, the third pound is worth $1.05, and all subsequent pounds are worth $0.30. How many pounds of potatoes will she purchase? What if she only had $2 to spend?
Business
1 answer:
slamgirl [31]3 years ago
6 0

Answer:

a. 1 pound of potatoes

b. 1 pound of potatoes

Explanation:

It is important to note that Janice will purchase potatoes until the cost of potatoes is more than her value for it or until she exhausts her income.

Having that in mind

a. In this case, since only the value of first pound of potato is worth more than the cost, she'd only buy 1 pound of potatoes. Totalled at $1.25

b. If she has only $2, she'd purchase only 1 pound because the value of the potatoes is worth more than the cost.

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Gradwell, Inc., manufactures and sells two products: Product K8 and Product I4. Data concerning the expected production of each
lisabon 2012 [21]

Answer:

Gradwell, Inc.

The overhead applied to each unit of Product I4 under activity-based costing is closest to:_______.

$243.00 per unit.

Explanation:

a) Data and Calculations:

production per unit                       DL rate   Total Labor Cost

product K8    300    5.0     1,500   $17.20       $25,800

product I4     900     3.0   2,700    $17.20        $46,440

total direct labor hours    4,200   $17.20        $72,240

production per unit       Direct Materials   Total Material Cost

product K8    300          $150.20                   $45,060

product I4     900          $243.70                    219,330

Total direct materials costs =                      $264,390

Estimated Expected activity

Activity Cost Pools Activity Measures  Overhead  Product  Product  Total          

                                                                   Cost          K8           I4

labor related            DLHs                 $176,064       1,500       2,700   4,200

machine setups       setups                   71,290         400          600    1,000

order size                MHs                      121,396      4,300       4,600   8,900

Total                                                  $368,750

Overhead  Cost Allocation  Product    Product    Total          

                                                K8             I4

Labor cost                         $62,880    $113,184  $176,064

Machine setups                   28,516      42,774       71,290

Order size                           58,652     62,744      121,396

Total                                $150,048  $218,702  $368,750

Quantity                                300          900

Overhead per unit          $500.16    $243.00

4 0
2 years ago
Compare and contrast modern workplace, social, and environmental ethical dilemmas in the hospitality industry.
V125BC [204]

In the recent years, investors and hoteliers have been increasingly made aware of how the environment and social life impacts hotel operations and developments. Factors that have contributed to this awareness include the desires of hotel owners and operators to reduce costs of operations, change required for sustainable development, increased regulations that pay attention to development and operations and the way attitudes of investors are changing towards the environment. Sustainability is still a difficult task to measure in the hospitality industry. Business environment faces many challenges because of its dynamic nature

4 0
2 years ago
Lex Corporation is an expanding telecommunications company. However, they are in need of more computers for their new employees.
Kobotan [32]

Answer:

The Answer is Capital.

Explanation:

In Economics, we identify that there are 4 main factors that contribute to the production, we call them "factors of production" and they are,

  1. Land: Not just "land" but also includes all the natural resources that could be extracted and used for any production purposes.
  2. Labor: Mental and physical efforts carried out by humans in the production process.
  3. Capital: Assets or anything  that can enhance/boost the ability to produce. Usually, these are generated or created as a result of human interventions and efforts.
  4. Entrepreneurship: the set of skills required to coordinate and manage the process of production successfully.

So, under which category of factors that the computers fall under? Simple right? Its 3.Capital! because they are assets that are created by humans to aid in enhancing the production capabilities!

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Sphinxa [80]

Answer:

can i have it

Explanation:

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7 0
2 years ago
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“In fact, production theory is much simpler than consumption theory because the output of a production process is generally obse
laila [671]

Answer:

The given statement 'In fact,...observable' conveys the idea that <u>it is comparatively convenient and simple to calculate the amount or quantity of goods that are being produced within a firm, territory, or country to determine the economic worth directly</u>. On the other hand, estimating the amount or quantity of goods consumed by the people across a region or country is difficult and can not be observed directly. However, the latter is given more significance and determined more usually through calculating the expenditure made by the consumers depending on their choices and within their income constraints and these are the primary factors that affect the economic growth or development while the production theory lays emphasis on the maximization of profit.

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3 years ago
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