Answer:
a. 36,000
Explanation:
Calculation to determine what February production in units is:
Sales for the month 30,000
Add Ending inventory 15,000
(50,000*0.3)
Less Beginning inventory (9,000)
(30,000*0.3)
February production in units 36,000 units
Therefore February production in units is: 36,000 units
Answer:
the relationship between output and the factors of production
Explanation:
A production function is an economic concept used to calculate output according to the combination of inputs (production factors). For example, if a firm uses two factors of production: capital (K) and labor (L), the production function shows how the different combination of capital and labor generates different outputs.
Quantity = Function (K;L)
Q = F (K;L) is the production function.
Companies will seek the combination of production factors that will be able to optimize the production function. In other words, there will be a quantity of capital and labor that will optimize the amount produced at the lowest possible cost.
For example:
Q = F (K; L)
Q = F (1;10) = 20
Q = F (8;2) = 15
Q = F (5;5) = 25
By using 1 amount of capital and 10 labor this fictional company produces 20 units. By combining 8 quantities of capital and 2 labor, the production will be 15. The best combination found was 5 units of each factor, which generated a production of 25.
Note: Each company will have a different production function and the best combination of factors may differ. Some companies are capital intensive, others labor intensive. The big challenge for companies is to find the best combination to optimize production, reducing costs and thus increasing revenue.
Answer:
D) $82,480
Explanation:
The computation of the amount of inventory destroyed is shown below:-
Cost of Goods available for sale
= Beginning Inventory + Inventory purchased
= $215,450 + $192,530
= $407,980
Cost of Goods Sold = Sales - Gross profit
= $542,500 - ($542,500 × 40%)
= $325,500
The Estimated amount of inventory destroyed
= Cost of Goods available for sale - Cost of goods sold
= $407,980 - $325,500
= $82,480
Answer:
e) Self-determination Theory
Explanation:
When People prefer to feel they have control over their actions and anything that makes a previously enjoyed task feel more like an obligation than a freely chosen activity will undermine motivation is termed as self-determination theory. It is a macro theory which was emerged in 1970s from intrinsic and extrinsic motives study. It is related to human personality and motivation which focuses on human's need for growth. It proposes that human beings are encouraged and motivated to grow by 3 psychological and innate needs which need for connection, competence and autonomy.
Answer:
<em><u>Steps for calculating your net worth </u></em>
- List your assets.
- Total your assets.
- List your liabilities.
- Total your liabilities.
- Subtract your liabilities from your assets.
Explanation:
Net worth is calculated when knowing the value of all your assets minus the value of your total liabilities.
To make this calculation is imperative that you list assets and liabilities and totalize them to know what is the exact figures that you must use to apply the following formula:
Assets - Liabilities=Net Worth