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Nadya [2.5K]
3 years ago
13

If average product is increasing, then marginal product Select one: a. must be greater than average product. b. must be less tha

n average product.

Business
1 answer:
netineya [11]3 years ago
4 0

Answer: Option (a) is correct.

Explanation:

Figure attached with this answer shows the two curves, namely, average product curve and marginal product curve.

Marginal product refers to the change in the total output divided by the change in the quantity of inputs used.

Average product is calculated by dividing the total output produced with the quantity of inputs or factors of production used.

The relationship between marginal product and average product is explained by three phases:

(1) Average product is rising,

Marginal product is greater than the average product.  

(2) Average product is maximum,

Marginal product is equal to average product.

(3) Average product is falling because of diminishing marginal utility,

Marginal product is less than the average product.

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Huey sold a warehouse with an original cost of $150,000 for $230,000 to an S corp where he owns a 51% interest. The S corp will
MAVERICK [17]

Answer:

$2,700

Explanation:

First, we need to determine the value of the warehouse at sale.

Current value = $150,000 - $40,000

= $110,000

The gain or loss = Selling price - Current value

= $230,000 - $110,000

= $120,000.

We will also determine the partnership interest amount, which is;

= 51% × $230,000

= $117,300

This means that the interest value of $117,300 will be used to buy off the warehouse.

Hence, Huey's gain and taxable gain will be;

= $120,000 - $117,300

= $2,700

6 0
2 years ago
ABC Company received $9,631 for its 5-year, 10% bonds with a total face value of $10,000. The market rate of interest was 11%. T
anyanavicka [17]

Answer:

A.  $1,059

Explanation:

The effective-interest method comes into play when bonds are purchased at a discount or premium.

This bond has the face value of $10,000, and has been purchased at $9,631 called the carrying amount at beginning/ first year in bond life.

The bond’s interest income is calculated as the carrying amount multiplied by the market rate of interest. In this case, the first annual interest income for bond holder is $1,059.41 = $9,631 x 11%

Then ABC Corporation record $1,059.41 for its interest expense on the first annual interest payment date using the effective-interest method

7 0
3 years ago
rose ordered a package of macaroons from an out of state bakery. she received the cookies the following week. what type of e-com
tatiyna

Rose ordered a package of macaroons from an out-of-state bakery. she received the cookies the following week, the type of e-commerce product is Physical.

E-commerce digital commerce is the buying and selling of goods and services, or the transmitting of finances or data, over a digital network, basically the net. these enterprise transactions occur both as commercial enterprise-to-enterprise, commercial enterprise-to-purchaser, customer-to-patron, and consumer-to-enterprise.

E-commerce is the interest of electronically buying or selling merchandise on online services or over the net. E-trade draws on technologies together with cellular trade, digital funds transfer, supply chain management, internet marketing, online transaction processing, electronic records interchange, inventory control structures, and automatic statistics series systems.

Learn more about e-commerce here:-brainly.com/question/23369154

#SPJ9

5 0
1 year ago
Baab Corporation is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the be
Dominik [7]

Answer:

Baab Corporation

a. Schedule of cost of goods manufactured:

Beginning work in process       $ 27,850

Direct raw materials                    280,150

Direct labor                                 377,850

Manufacturing overhead           297,279

Ending work in process            ($ 9,850)

Cost of goods manufactured $973,279

b. The overhead was underapplied (by $9,121).

Explanation:

a) Data and Calculations:

                           Beginning   Ending

Raw materials      $ 14,850 $ 22,850

Work in process $ 27,850   $ 9,850

Finished Goods $ 62,850  $ 77,850

Estimated machine hours = 33,850

Manufacturing overhead cost = $294,495

Predetermined overhead rate = $294,495/33,850 = $8.70 per mh

Raw materials purchase $315,850

Raw materials used for production $307,850

Direct raw materials $280,150

Indirect raw materials $27,700

Direct labor$377,850

Indirect labor, $96,850

Administrative salaries, $172,850

Selling costs, $147,850

Factory utility costs, $10,850

Depreciation:

 Factory Depreciation $171,000

 Selling, general, and admin. $7,000

Total for the year was $178,000

Actual level of activity for the year = 34,170 machine hours

Sales for the year = $1,315,000

Manufacturing Overhead:

Indirect raw materials         $27,700

Indirect labor,                        96,850

Factory utility costs,              10,850

Factory Depreciation           171,000

Total overhead incurred $306,400

Overhead applied              297,279

Underapplied overhead       $9,121

5 0
2 years ago
All else equal, a firm would prefer to have a higher gross margin. <br> a. True <br> b. False
Viktor [21]
I Think The Answer Is True.
8 0
3 years ago
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