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faltersainse [42]
3 years ago
9

A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 18,300 uni

ts of output each month. However, it has an absolute maximum output capability of 22,000 units per month, and can produce as little as 7,000 units per month without corporate headquarters shifting production to another plant. If the factory produces 12,770 units in October, what is the capacity utilization rate in October for this factory
Business
1 answer:
PtichkaEL [24]3 years ago
8 0

Answer: 14.9%

Explanation:

18300/12770x100%

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If the United States government raises the income taxes on the wealthiest Americans, while increasing welfare payments to the po
SSSSS [86.1K]

Answer:

(Decrease, Increase)

Explanation:

When the government formulates and implements policies aimed at increasing equality, the society will experience a reduction in the level of efficiency. For example, an increase in income tax on wealthiest Americans, and redistribution of the tax revenue to the poorest Americans would may discourage the wealthy from taking more income-generating activities which create jobs, this is not optimal. At the same time, this policy would reduces the peoples’ incentive to work hard to earn their own money.

5 0
3 years ago
A company has $91,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts.
lilavasa [31]

Answer:

$5,360

Explanation:

The adjusting entry is shown below:

Bad debt expense  $5,360

       To Allowance for doubtful debts  $5,360

(Being the bad debt expense is recorded)

For recording this we debited the bad debt expense as it increased the expenses and credited the allowance for doubtful accounts as it reduced the assets

The computation is shown below:

= $91,000 × 5% + $810

= $5,360

8 0
3 years ago
Gus decides to park his canmper in an empty overgrown lot and connects wires from his camper to an electric pole to obtain elect
anygoal [31]

Answer:

negligence

Explanation:

3 0
3 years ago
Read 2 more answers
If at optimum output of 1,000 units, the firm is incurring average variable cost per unit of $3, average fixed cost per unit of
iVinArrow [24]

Answer:

$2500

Explanation:

Given: Total output(quantity)= 1000 units.

           average variable cost per unit= $3

           Average fixed cost per unit= $1.5

           Selling price per unit is $7

We know, Profit= Total\ revenue - Total\ cost

First, lets find out total cost

Total cost= Total\ fixed\ cost+ Total\ variable\ cost

Remember, cost= average\ cost\times quantity

Fixed\ cost= \textrm{average fixed cost per unit}\times quantity

Fixed\ cost= 1.5\times 1000= \$ 1500

Variable\ cost= \textrm{average variable cost per unit}\times quantity

Variable\ cost= \$ 3\times 1000= \$ 3000

∴ Total cost= 1500+ 3000= \$4500

Now, finding total revenue.

Total\ revenue= selling\ price\times quantity

Total\ revenue= \$ 7\times 1000= \$ 7000.

Profit= Total\ revenue - Total\ cost

∴ Total profit= \$ 7000-\$ 4500= \$2500

Total profit= $2500

8 0
3 years ago
Woodstock Co. had $500 of credit cards sales. The net cash receipts were deposited immediately into Woodstock's bank account les
Contact [7]

Answer:

Sales revenue for $500

Explanation:

The journal entry is shown below:

Account receivable Dr $490

Credit card expense Dr $10

                     To Sales revenue $500

(Being the sale transaction is recorded)

The account receivable  is computed below:

= Sales revenue - sales revenue × fee percentage given

= $500 - $500 × 2%

= $500 - $10

= $490

And, the credit card expense is

= Sales revenue × fee percentage given

=  $500 × 2%

= $10

3 0
3 years ago
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