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3 years ago

State and explain the law of diminishing marginal return

1 answer:

3 0

In economics, diminishing returns is the decrease in the marginal output of a production process as the amount of a single factor of production is incrementally increased, while the amounts of all other factors of production stay constant.

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Issued a check for $1,010 to pay the monthly rent. Issued a $1,300 check to pay a creditor on account. Purchased new equipment f

kodGreya [7K]

Answer:

Issued a check for $1,010 to pay the monthly rent

Account Debit Credit

Rent Expense $1,010

Bank $1,1010

Issued a $1,300 check to pay a creditor on account.

Account Debit Credit

Creditor $1,300

Bank $1,300

Purchased new equipment for $390 and paid $110 immediately by check with the remainder due in 30 days.

Account Debit Credit

Equipment $390

Bank $110

Accounts Payable $280

Provided services on credit in the amount of $860.

Account Debit Credit

Service Revenue $860

Accounts Receivable $860

Performed services for cash in the amount of $1,320.

Account Debit Credit

Service Revenue $1,320

Cash $1,320

The owner made an additional investment of $5,600 in cash and $1,050 in equipment.

Account Debit Credit

Cash $5,600

Equipment $1,050

Capital $6,650

Purchased $190 worth of supplies on credit.

Account Debit Credit

Supplies $190

Accounts Payable $190

Sent a $105 check to the utility company to pay the monthly bill.

Account Debit Credit

Utilities Expense $105

Bank $105

Collected $650 from credit customers.

Account Debit Credit

Cash $650

Accounts Receivable $650

7 0

3 years ago

A holder of a seller-server certificate serves an alcoholic beverage to an intoxicated person for a second time within a 12 mont

Hunter-Best [27]

According to the TABC, seller-server certification can be revoked if one is charged with breaking the laws concerning the sale of alcohol. The length of time that TABC certificate is revoked depends on the number of offenses committed within a period of 12 months. In this case, the holder made a second offence within 12 months, therefore, the holder will not be allowed to get a TABC certification again for 90 days. One is required to take some time off work since it appears he/she has a problem with breaking alcohol laws

5 0

3 years ago

Water that can be reused without purification for watering your yard and can help reduce overall water usage is called _________

Paraphin [41]

The answer is “gray water”. Gray water is defined as the wastewater from showers and sinks, gray water can be used to water your yards. Gray water does not need purification to water your yard, it can even help in reducing one’s overall water usage at home.

8 0

3 years ago

Rhonda Brennan found her first job after graduating from college through the classifieds of the Miami Herald. She was delighted

kozerog [31]

Answer:

Answer is explained in the explanation below.

Explanation:

Solution:

According to the data given: This can be solved as following. (Note: we are not given income tax tables to calculate the accurate net pay. So, according to given information here. Following is the accurate one. )

Let's assume, a 6.2% tax rate for SS ( Social Security) and 1.45% tax rate on Medicare:

So,

Social Security = 6.2%

Medicare = 1.45%

Pay Per hour = $14.30

So, let's calculate Rhonda's Gross pay:

Gross Pay = Pay per hour x total number of hours

Gross pay = $14.30 x 80 hours

Gross Pay = $1,144

Now, calculate the Rhonda's Reduction for Social Security:

Rhonda's Reduction for Social Security = $1,144 x 6.2%

Rhonda's Reduction for Social Security = $70.928

Similarly, Rhonda' Reduction for Medicare:

Rhonda' Reduction for Medicare = $1,144 x 1.45%

Rhonda' Reduction for Medicare = $16.588

So Finally,

Rhonda's Take-home Pay for her first check will be = Gross pay - Rhonda's Reduction for Social Security - Rhonda' Reduction for Medicare

Rhonda's Take-home Pay for her first check will be = $1,144 - $70.928 - $16.588

Rhonda's Take-home Pay for her first check will be = $1,056.484

7 0

3 years ago

What examples best demonstrate likely tasks for Distribution and Logistics workers? Check all that apply. Stacy supervises worke

hoa [83]

Answer:

Raisa, Mariah, Calvin

Explanation:

7 0

3 years ago

Read 2 more answers