If a corporation is working on the factor of tangency among an isoquant and an iso-cost line, its manufacturing is: each technically and economically efficient.
The required details for isoquant in given paragraph
Since the corporation is on an isoquant, it can not produce the identical quantity of output with fewer inputs, and so it's miles technically efficient. Since any motion alongside the isoquant will growth expenses with out converting output, the corporation is likewise economically efficient. An isoquant curve is a concave-fashioned line on a graph, used within side the have a look at of micro economics, that charts all of the factors, or inputs, that produce a unique stage of output. This graph is used as a metric for the have an impact on that the inputs—maximum commonly, capital and hard work—have at the available stage of output or manufacturing. The isoquant curve assists corporations and corporations in making changes to inputs to maximize manufacturing, and for that reason profits.
Most typically, an isoquant suggests combos of capital and hard work, and the technological tradeoff among the two—how a whole lot capital might be required to update a unit of hard work at a sure manufacturing factor to generate the identical output.
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Answer:
The correct answers are letters "B" and "C": The economy experiences persistent shortages and surpluses; Many goods are available only through a black market.
Explanation:
A Command Economy is one where the <em>government controls the economy</em>, acting as the central planner, dictating production quotas and distribution levels, and setting prices. A company weakness describes an <em>internal factor</em> of the organization that could represent a disadvantage for the growth of the firm.
<em>As the government regulates the supply and demand in command economies, it is likely to see shortages and surpluses in its market. This will cause those products to be traded illegally in what is known as the black market</em>.
Answer:
C. $21,375 unfavorable
Explanation:
Standard rate = $30 per hour
Actual rate = $31.25
Actual time = 17,100 direct labor hours
Direct manufacturing labor price variance= Actual time * (Standard rate - Actual rate)
= 17,100 * ($30 - $31.25)
= 17,100 * (-$1.25)
= $21,375 Unfavorable
So, the Direct manufacturing labor price variance during June is $21,375 U.
Answer:
1. July 21
2. $42,945
Explanation:
April 22 Start leaves 8 days left, and following the months would be like this:
8(April) + 31(May) + 30(June) + 31(July) = 100 days
Now because we only need 90 days in the period, we subtract the last 10 days off of July 31
31(July) - 10 days (July) = July 21
Maturity value = face amount (42,000) + interest (42,000 x 0.09 x 90 / 360)
42,000 + 945 = $42,945
Balance Sheet
Assets
Current Assets
Cash 37200
Accounts Receivable 36300
Less: Allowance for Doubtful Accounts (5000) [Computation: 36300-31300)
Supplies 3600
Total Current Assets 72100
Property, Plant, and Equipment
Land 17600
Building 75100
Equipment 47200
Total Property, Plant, and Equipment 139900
Total Assets $212000
Liabilities
Long term Liabilities
Mortagage Payable 19900
Owner's Equity
Terry, Capital 55200
Nick, Capital 72800
Frank, Capital 64100
Total Owner's Equity 192100
Total Liabilities and Owner's Equity $212000
