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4 years ago

A firm doubles the quantity of all resources it employs and, as a result, output doubles. Which of the following is correct?

Business

1 answer:

Nuetrik [128]4 years ago

6 0

Answer:

The long-run average total cost curve is flat

Explanation:

When the quantity of all the resources is doubled and, as a result, output doubles then the firm experiences constant returns to scale.

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Economies of scale are ways that a company can lower the cost per unit by selling more units overall

Troyanec [42]

It’s True that economies of scale are ways that a company can lower the cost per unit by selling more units overall

7 0

3 years ago

Training new personnel who just started working at the office fits under which administrative

Scilla [17]

Answer:

personnel management.

Explanation:

Training new personnel who just started working at the office fits under personnel management.

Personnel management can be defined as an administrative task or function which primarily involves the process of hiring employees and developing or training them to become beneficial and valuable for the growth and development of the company.

Hence, the main purpose and focus of personnel management is to provide a quality workforce necessary to successfully achieve the organizational set goals and objectives.

5 0

3 years ago

Crandle Manufacturers Inc. is approached by a potential customer to fulfill a one−time−only special order for a product similar

valentina_108 [34]

Answer:

the minimum acceptable price of this special order is $410.

Explanation:

Minimum acceptable price for the special order is the price that gives a Incremental contribution margin of zero or a price that covers all costs related to supporting the special offer.

Since the company has excess capacity, ignore the fixed costs as these are irrelevant for this decision

Costs to Provide for the Special Offer : Minimum acceptable price

Direct materials $150

Direct labor $60

Manufacturing support $105

Marketing costs $95

Minimum acceptable price $410

6 0

3 years ago

A company makes bicycles. It produces 850 bicycles a month. It buys the tires for bicycles from a supplier at a cost of Rs.60 pe

Triss [41]

Answer:

B: 522 tires

B: 39 orders

Explanation:

a. Calculation for EOQ

First step is to Calculate the Annual Demand which is D

D = Annual demand = (2 tires per bicycle) x (850 bicycles per month) x (12 months in a year)

D=20,400 tires

Second step the ordering cost is given in the question which is :

S = Ordering cost = 90 per order

Third step is to Calculate the carrying cost which is H

H = carrying cost = (15%) x ($60 per unit)

H= $ 13.50 per unit per year

Last step is to Calculate the EOQ

EOQ = √{ (2 x 20,400 x $90) / $13.50

EOQ= 522 tires

Therefore the EOQ is 522 tires which means that the company should order 522 tires each time they places an order.

b. Calculation for the number of orders per year

Using this formula

Number of orders per year = D / Q

Let plug in the formula

Number of orders per year = 20,400 / 522

Number of orders per year = 39 orders per year

Therefore the Number of orders per year will be

39 orders per year.

6 0

3 years ago

Archer Corp has the following account balances listed in alphabetical order: Accumulated Depreciation, $18,000; Accounts Paya

Setler [38]

Answer:

Equipment, $46,000, and Land, $21,000 including Accumulated Depreciation, $18,000.

This amounts to $49,000.

Explanation:

The long term asset are also known as the non current assets.

These are assets that will not be used up in a year. It means that the benefits that will accrue to the entity as a result of ownership and control of these assets will be for more than a year. Examples are fixed asset, intangible assets etc

Archer's long term assets are Equipment, $46,000, and Land, $21,000 including Accumulated Depreciation, $18,000.

This amounts to

= $46,000 + $21,000 - $18,000

= $49,000

6 0

3 years ago