Answer:
The amount of profit to be added to the cost of each unit = $112.83
Explanation:
<em>Profit is the difference between the selling price per unit and full cost per unit. To determine the the amount of profit to be added , we will divide the total return on invested capital by the number of units to be produced and sold. This is given below as follows:</em>
Target return = ROI (%) × Invested capital
= 19% × 569,512 = 108,207.28
Profit per unit = Total return/Number of units
= $108,207.28
/959 units
= $112.83 per unit
Selling price per unit = Full cost per unit + profit per unit
= 1,124 + 112.83 = 1,237.66 (this is not required anyway)
The amount of profit to be added to the cost of each unit = $112.83
Answer:
Scenario 1: It will recognize 10,600 revenue as the services were performed.
Scenario 2: It will recognize 1,560 revenue and the difference will be considered a sales discount.
Scenario 3: The services were provided during 2021 the cash disbursement are not linked to future services thus, Manitowoc will recognize 390,000 as sales revenue
Scenario 4: the company will recognize revenue for 30,600
If the remainining is expected to not be collected the accounting will use the allowance for doubtful account and bad debt expense to match the expense when the period they were generate but, it will not decrease the sales reveneu account.
Explanation:
To maximize income from consumers, distributors time their tentpole theatrical releases according to the availability of the director to make public appearances.
<h3>What is meant by the maximization of income?</h3>
This can be defined as the capability of a given business or a company to earn the maximum profit that they would need in order to take care of the business in the lowest cost possible. It is the amount of money that is made from the business with the lowest inputs.
Hence we can say that To maximize income from consumers, distributors time their tentpole theatrical releases according to the availability of the director to make public appearances.
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Answer:
a binding price floor which results in an excess supply of labor and a decrease in the quantity demanded.
Explanation:
When a minimum wage is set below the equilibrium wage, then it will have absolutely no effect in the labor market. But when it is set above the equilibrium wage, it will cause an excess supply of labor and a decrease in the quantity demanded of labor resulting in a deadweight loss or a loss of total economic efficiency. This means that more people will want to work but less employers will hire workers.
The player in the economy that supplies labor in the factor market is households.
Economists refer to all of the resources that firms utilize to buy, rent, or hire the equipment they use to generate goods or services as the "factor market."
The factors of production—raw materials, land, labor, and capital—are what are required to meet these needs.
The input market is another name for the factor market.
By this definition, all markets fall into one of two categories: those that provide businesses with the resources they require, or those that provide consumers with the goods and services they need to make purchases.
The market for finished goods or services is referred to as an output market, whereas a factor market is referred to as an input market.
This can be seen as a closed-loop flow where households are sellers and businesses are buyers in the factor market and vice versa in the market for goods and services.
Hence, The player in the economy that supplies labor in the factor market is households.
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