All categories

3 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]3 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.

You might be interested in

Haft Construction Company determines that 54,000 pounds of direct materials are needed for production in July. There are 3,200 p

alexandr402 [8]

Answer:

cost of direct materials purchases 160,800

Explanation:

pounds required for production 54,000

desired ending inventory 2,800

total needs 56,800

beginning inventory (3,200)

units to be purchased 53,600

cost per unit of direct materials 3

cost of direct materials purchases 160,800

<u>Notes:</u>

The pounds for production and the ending inventory are the raw materials demand.

The beginning inventory is a portion we already have, so we need to purchase less.

Then, we multiply the pounds to be purchased by their cost to get the total cost for direct materials

3 0

2 years ago

Suppose that the current value of all of a mutual fund's holdings is determined to be $750 million. The fund's liabilities are $

rusak2 [61]

Answer: B) $13.89 per share

Explanation:

In order to find the net asset value or NAV of a mutual fund we have to know the liabilities and assets that fund has as of the date that we want to calculate the NAV. Then we will subtract its total liabilities from its total assets. Then we will divide that number by the number of shares to find the net asset value.

Total assets = 750 million

Total liabilities = 125 million

Current shares outstanding = 45 million

(750 million - 125 million)/45 million =13.89

3 0

3 years ago

Credit score is used to determine your financial worth ?

Sergeu [11.5K]

The higher the score, the better a borrower looks to potential lenders. A credit score is based on credit history: number of open accounts, total levels of debt, and repayment history, and other factors. Lenders use credit scores to evaluate the probability that an individual will repay loans in a timely manner.

4 0

2 years ago

Read 2 more answers

Written, Inc. has outstanding 600,000 shares of $2 par common stock and 120,000 shares of no-par 8% preferred stock with a state

Vitek1552 [10]

Answer:

$126,000

Explanation:

Given:

Total outstanding stocks = 600,000

Price per share of common stock = $2

Number of preferred stock = 120,000

Interest rate = 8%

Stock Value = $5

Outstanding year = 3

Total Amount of preferred stock = Principle × Rate × Time

Total Amount of preferred stock = ( 120,000 × $5 ) × 0.08 × 3 = $144,000

Since,

The preferred stock value is more than the amount distributed

Hence,

the total amount distributed i.e $126,000 will be received by the preferred stockholders

6 0

3 years ago

Botosan Factory has budgeted factory overhead for the year at $453,120, and budgeted direct labor hours for the year are 384,000

Sloan [31]

Answer: $412,292

Explanation:

First compute Overhead Absorption Rate = Budgeted Overhead divided by Budgeted Activity Level

In this question the activity level is Direct Labour Hours (DLH) which is the basis for allocating overhead.

budgeted factory overhead for the year at $453,120, and budgeted direct labor hours for the year are 384,000.

$453,120 divided by 384,000 DLH =$1.18

Overheard to be allocated for May is OAR * Actual Activity level

$1.18*349400= $412,292

This is the amount to be allocated to may

7 0

2 years ago

Read 2 more answers