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4 years ago

Marginal resource cost is Multiple Choice

Business

1 answer:

Otrada [13]4 years ago

5 0

Answer:

a. the increase in total resource cost associated with the production of one more unit of output.

Explanation:

Consider the following calculation

The MRC=TC at N inputs -TC at (N-1) inputs

The marginal resource cost is an addition cost of a new input hired.

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The liquidity of a company with significant amounts of obsolete inventory is best measured by the ______ ratio.

Mariulka [41]

<u>Answer: </u>

The liquidity of a company with significant amounts of obsolete inventory is best measured by the inventory turnover ratio.

<u>Explanation: </u>

Depending on how functional the inventories are, the ratios of inventory turnover would bulk or shrink.

To have a clear picture of the amounts of obsolete inventory, an examination of the inventory turnover ratio would help greatly as it would dispense the necessary comparative data related to all the inventories.
The functionality of the inventories can thus be clearly devised from the inventory turnover ratio.

7 0

3 years ago

Suppose that the market for haircuts in a community is perfectly competitive and that the market is initially in long-run equili

Sonja [21]

D is the correct Answer bro

7 0

3 years ago

On January 1, 2021, the Coldstone Corporation adopted the dollar-value LIFO retail inventory method. Beginning inventory at cost

yaroslaw [1]

Inventory value of Cold stone Corporation as on 31/12/2021 is $ 58,600 at cost value and $61,530 at retail value

Explanation:

In the United Kingdom, Retail price index is a measure of inflation published monthly by the Office for National Statistics. It measures the change in the cost of a representative sample of retail goods and services.

LIFO - last in first out method .,means the inventory purchased in last will be sold first.

opening inventory and closing inventory always calculated at cost price only

Cost of sales = sales- markup

= $846,000 - $11,000 = $835,000

Closing inventory value

= cost of sales - purchases - opening inventory

= $835,000 - $693,600 = $141,400 - $200,000 =$ 58,600

$= $835,000 - $693,600 = $141,400 - $200,000 =$ 58,600$

Retail value of inventory on 31/12/2021

= $ 58,600×1.05= $61,530

$= $ 58,600×1.05= $61,530$

3 0

3 years ago

Nick, Chris, Stacey, and Mike are each 25% partners in Liberty Partnership, a general partnership. During the current year, the

Serga [27]

Answer:

Stacey report on her income tax return in three categories

1. Total ordinary income = $50,000

2. Interest income = $2,500

3. Charitable contributions = $4,000

Explanation:

Basically, Stacey report on her income tax return in three categories

1. Total ordinary income: It is somewhat same as net income

So, the ordinary income equal to

= (Revenues - expenses) × partnership percentage

= ($300,000 - $100,000) × 25%

= $50,000

2. Interest income: It is computed below

= Interest income × partnership percentage

= $10,000 × 25%

= $2,500

3. Charitable contribution: It is computed below

= Charitable contributions × partnership percentage

= $16,000 × 25%

= $4,000

5 0

3 years ago

On January 1, 2018, Moore, a fast-food company, had a balance in its Cash account of $54,000. During the 2018 accounting period,

7nadin3 [17]

Answer:

Net cash flow as at the year end= $22,100

Explanation:

The statement of cash flows for Moore shall be calculated as follows:

Cash balance as at January 1, 2018= $54,000

Cash inflow from operating activities= $35,600

Cash outflow from investing activities= ($43,000)

Cash outflow from financing activities= ($24,500)

Net cash flow as at the year end= $22,100

4 0

3 years ago