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4 years ago

In a Cobb–Douglas production function the marginal product of labor will increase if:

Business

1 answer:

KengaRu [80]4 years ago

3 0

Answer:

Option "B" is the correct answer to the following statement.

Explanation:

The rise in the labor workforce would raise the productive output of capital in a specific Cobb – Douglas output method, and it will raise the actual rental price of resources.

The gross amount of capital would also rise in the output of Cobb-Douglas if the volume of labor grows.

Under this function, human capital will help in the production of the product, human capital and marginal production are directly proportionate to each other.

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A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's una

ValentinkaMS [17]

Answer: $5,440

Explanation:

When using the percent of sales method to determine bad debts, the company estimates a percentage that it believes will results in uncollectible debt and then applies it to the sales/revenue figure. The figure that is calculated is then debited along with the debit balance on the Allowance for doubtful accounts to the Bad debts account for the year and credited to the Allowance for doubtful accounts.

This company estimates that they will have 0.6% of credit sales uncollectible.

There are also $790,000 in sales of which all are on credit.

The Uncollectible estimate is therefore,

= 790,000 * 0.6%

= $4,740

This figure is then added to the debit amount on the Allowance for Uncollectible Accounts.

= 4,470 + 700

= $5,440

Note; A debit balance on the Allowance for doubtful debt account signifies that the bad debts were higher than anticipated the last time. This is why the figure is added to the current bad debts expense.

6 0

3 years ago

Suresh Co. expects its five departments to yield the following income for next year. Dept. MDept. NDept. ODept. PDept. TTotal Sa

Hunter-Best [27]

Answer:

(1) Because of the eliminations of Dept. N, Dept. P, and Dept. T, we have:

Total net loss = $35,000

(2) Because of the eliminations of Dept. N, and Dept. T, we have:

Total net income = $8,500

Explanation:

(1) Management eliminates departments with expected net losses.

Note: See answer (1) in the attached excel file for the eliminated departments (in red color).

From the answer (1) in the attached excel, the eliminated departments base on this are Dept. N, Dept. P, and Dept. T.

It can be seen from the answer (1) in the attached excel that because of the eliminations of Dept. N, Dept. P, and Dept. T, we have:

Total net loss = $35,000.

(2) Management eliminates departments with sales dollars that are less than avoidable expenses.

Note: See answer (2) in the attached excel file for the eliminated departments (in red color).

From the answer (2) in the attached excel, the eliminated departments base on this are Dept. N, and Dept. T.

It can be seen from the answer (2) in the attached excel that because of the eliminations of Dept. N, and Dept. T, we have:

Total net income = $8,500

Download xlsx

4 0

3 years ago

Neighbors have gotten into a quarrel over a big black walnut tree that sits on mr. jones' property. the tree's limbs extend over

irakobra [83]

Mr. Simpson has the rights to remove the limb from his property because although the tree is residing in Mr. Jones' property, it does not mean that Mr. Simpson has no rights when the limbs of the tree has occupied his lot. He has the right to do so because the limbs are in his lot, which means he could also has the right to do what he wants with it. If the limbs of the tree was not on his property, then it is only right that he does not meddle with the tree or remove it.

7 0

3 years ago

Based on information in the Washington Post article "The retirement costs that are rising faster than Social Security benefits",

insens350 [35]

Answer:

The retirement costs are rising faster than social security benefits .

Explanation:

The various costs related to retirement are:

The travelling costs can increase as the retired people tend to travel often in their idle time.

The costs related entertainments increase as they have time to engage in their hobbies

Socialization costs: Socialization ends with eating out alot and this affects the wallet

Health insurance premiums

Medical expenses are increasing at a tremendous rate

The cost of medicines

Long term care : Continuing long term care is proving to be quite expensive for retired people

Copays and deductibles

5 0

3 years ago

Fun Foods fraudulently induces Holly to buy a household products franchise by grossly misstating the average revenues of its fra

astra-53 [7]

Answer:

<em>Quasi Contract</em>

Explanation:

A quasi contract <em>is a two-party retroactive agreement that has no prior commitments to each other.</em> A judge creates it to correct a situation where one party at the expense of the other obtains something.

The agreement is intended to prevent one party from taking undue advantage of the situation at the expense of the other party.

4 0

3 years ago