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Ira Lisetskai [31]
3 years ago
8

Student tuition at ABC University is $250 per semester credit hour. The state supplements school revenue by matching student tui

tion dollar for dollar. In other words, for each dollar a student pays in tuition, the state pays a dollar that is also considered revenue. Average class size for a typical three-hour course is 30 students. Labor costs are $3,000 per class, materials costs the school $10 per student per class and overhead costs are $15,000 per class. For this problem, ABC University measures output as the total amount of revenue generated. a) What is the multifactor productivity performance for a course at ABC University?
Business
1 answer:
Alex787 [66]3 years ago
8 0

Answer:

2.46

Explanation:

Given:

Student tuition at ABC University per semester credit hour = $250

Average class size = 30

Labor costs per class = $3,000

materials costs per student per class = $10

overhead costs per class = $15,000

a) Now,

The multifactor productivity ratio = \frac{\textup{Output}}{\textup{Input}}

also,

Input = Labor costs + Total materials costs + Total overhead costs

or

Input = $3,000 + ( $10 × 30 ) + $15,000 = $18,300

And,

Output

= Average class size × credit hour × ( Student tuition + state supplements )

= 30 × 3 × ( $250 + $250)

= $45,000

Therefore,

The multifactor productivity ratio = \frac{\textup{45,000}}{\textup{18,300}}

= 2.46

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3 years ago
Required-: JOURNAL ENTRY (ACCOUNT)
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- Hey there , ronisha!

Answer:

\large{ \tt{SEE \: THE \: ATTACHED \: PICTURE}}

\large{ \tt{E \: X \: P \: L \: A \: N \: A \: T \: I \: O \: N}} :

  • Full settlement generally means DISCOUNT ALLOWED.

  • Firstly , Read out the question and try to understand. It says we purchased some stuffs of Rs 30000 from the sansee stores and we payed Rs 28000 in full settlement which implies that we received the discount of Rs 30000-28000 i.e Rs 2000.

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  • Remember: When the question says that the cash is payed through cheque , you should always consider cheque as a bank. Now , In the case of personal account , Credit : The giver. Who's the giver? Of course , bank! So , we placed it in credit side.

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7 0
3 years ago
An oligopolistic market structure is distinguished by several characteristics, one of which is market control by a few large fir
hichkok12 [17]

Answer: Option A

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As firms in the oligopolistic market are very high this results in high concentration in the market. Each firm in this market structure operates in so large scale that actions of one affects the operations of others.

Usually the capital need in such industries is too large making it difficult to entry also the need for several licenses acts as barriers to entry but there is no such thing like NO ENTRY in such industries.

5 0
3 years ago
Assume that the marginal propensity to consume is 0.8 and that potential output is $800 billion. If real GDP is $850 billion, to
kari74 [83]

The following policies would bring the economy to potential output is Decrease government spending by $10 billion.

<h3>What is Marginal Propensity?</h3>

The "Marginal Propensity" to consume is defined as calculate quantification of money that consumers are ready to spend.

The term "Marginal propensity" to consume is term used in economics. It measures monetary value which consumer is willing to spend to buy goods and services instead of saving it.

The "Marginal Propensity" to consume tends to increase economic activities of country by keeping cash flowing and by not keeping it stagnant. It also helps in increasing trade value and quality and cost of products because it increases healthy competition among companies and in which consumers are ultimately benefitted.

Therefore , we can conclude that the correct option is C.

Learn more about Marginal propensity on:

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7 0
2 years ago
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marusya05 [52]

Answer: $1091.61

Explanation:

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Based on the question, Mr Fairhold will have a tax free return of the $50,000 paid. The exclusion ratio will be the investment divided by the expected return. This will be:

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= 0.1603

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Taxable annuity payment will now be:

= $1300 - $208.39

= $1091.61

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