<span>Diminishing marginal returns - By investing in hiring an additional worker, Michelle does not receive twice the productivity compared to when she had only 1 worker. Productivity only increased by roughly 50%. I would consider the worker to be more of an investment, and thus count as diminishing marginal returns, rather than decreasing returns to scale, which I consider to apply more to assets, such as machines for manufacturing or in the case of the scenario, an additional kiln.</span>
Answer:
The correct answer is $18920.
Explanation:
Boone Company purchased a piece of machinery by paying $18,000 cash.
In addition to the purchase price, the company incurred $800 freight charges.
Estimated useful life of the machine is 5 years and will require $600 for insurance over that period.
So insurance money for a year = $ (
) = $120.
Boone Company would record the cost of the machine at $ ( 18000+ 800+ 120) = $ 18920.
The average compound return earned per year over a multi-year period is known as the geometric average return.
<h3>What is an Average Return?</h3>
An average return is a mathematical average value of a number of returns generated over a specific period of time. An average return helps in measuring the past performance or portfolio of an individual or government.
When an average compound return is earned per year over a multi-year period, then it is known as the geometric return of that individual or government.
Learn more about an Average Return here:
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Answer:
Consider the following calculation and analysis
Explanation:
We will analyse from cost perspective, the alternative with lower cost should be selected.
Total no. of doctor visit = 12 monthly visit + 3 times special visit = 15
Cost = 50 * 15 = $750
Under Traditional health checkup plan
Cost of plan = $ 250 + (20% of doctor visiting charges) = 250 + 20% of 750 = $400
Under HMO
Premium = 20 * 12 months = $240
Co payment = 10 * 15 = 150
Total = $ 390
There is a saving of $10 in HMO, so she should opt for this option. Moreover, the benefit of HMO would be the payments are monthly in small installments ,rather than a big outflow as in the case of traditonal plan.
When a company sponsors motor sports and other action-oriented events, it is utilizing the <span>events and experiences</span> mode of communication from the marketing communication mix.
When a company is sponsoring an event they are marketing themselves by being part of the event. They commonly have banners, tables, flyers and commercials that get their brand out by making it knowing they are sponsoring or going to be apart of an event.
