Answer:
Allocative efficiency is about distributing or allocating resources in the best possible manner. E.g. in order to fight the current pandemic, more resources ($) is allocated to different health care institutions.
Productive efficiency is about how a company or a person uses the resources that it has in order to produce the greatest amount of benefits at the lowest possible cost. E.g. in a hospital, if a doctor is able to treat 15 patients per day, his/her productive efficiency will be higher than another doctor that only treats 10 patients per day.
Answer:
$8,770.00
Explanation:
In this question we use the present value formula i.e shown in the attachment below:
Data provided in the question
Future value = $0
Rate of interest = 0.48%
NPER = 4 years × 12 months = 48 months
PMT = $205
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the answer would be $8,770.00
Answer:
A.$12,000
B.$8000
C.MRPL/PL = 3
MRPK/PK =2
D) Since each of the above calculated ratios are more than one, therefore adding additional worker or tractor will increase the total revenue for each of the dollar spent.
Explanation:
(a) The Marginal Revenue Product of Labor (MRPL) can said to be the additional revenue generated when an additional worker is employed.
$66,000 - $54,000 = $12,000
Thus, MRPL is 12,000
b) Marginal revenue product of capital is
( 62000 - 54000)= $8000
c) MRPL/PL = 12000/ 4000= 3
MRPK/PK = 8000/4000=2
Therefore Since these two ratios are not equal it means the firm is not using the least cost combination of inputs.
d) Since each of the above calculated ratios are more than one, therefore adding additional worker or tractor will increase the total revenue for each of the dollar spent.
Answer
1) Issued for Cash
Weighted Average number of shares at year end 330,000
b) Issued for Dividends
weighted Average number is 320,000
Explanation:
The Weighted average number (assuming year end is 31 December)
300000 * 12/12 = 300000 full year
30000 = 30000
issued for dividends
Weighted average number
300000 * 12/12 = 300000 full year
30000 * 8/12 = 20000
total at year end 320000 shares
Answer:
Oct 1.
Cash $19,900 (debit)
Common Stock $19,900 (credit)
Oct 3.
Office Furniture $2,100 (debit)
Trade Payable $2,100 (credit)
Oct 6.
Trade Receivable: N. Fennig $3,250 (debit)
Revenue $3,250 (credit)
Oct 27.
Trade Payable $900 (debit)
Cash $900 (credit)
Oct 30.
Salary Expense : Administrative Assistant $2,650 (debit)
Cash $2,650 (credit)
Explanation:
In all non-cash entries remember to observe the <em>Accrual</em> or <em>Matching</em> Principle.Thus, transactions must be recorded when they accrue or incur not when they are paid.
