Answer:
be greater than the net operating income under variable costing
Explanation:
Under absorption costing method it includes the total cost of the product that is the fixed cost and variable cost to account for the production.
Whereas in variable costing we only consider the variable cost of production and deduct the fixed costs from the contribution margin.
As George corporation has no beginning inventory and production exceeds sales therefore cost of goods sold reduces( due to closing inventory) resulting in greater net operating income than in variable costing .
Explanation:
There are many ways in which the progress of women in the workforce is still an important and pressing issue. This issue needs immediate action and the progress of women is of utmostimportance. This can be due to the following reasons.
- The economy will grow faster when both males and females will participate in it's functioning.
- Participation in the workforce will encourage more and more women to acquire good qualifications.
- This will enable women to financially support their family.
- This will enable women to lead a life of dignity and respect.
- This will remove gender discrimination.
Answer:
WACC is 12.8%
Explanation:
<em>The weighted average cost of capital (WAAC) is the average cost of all the various sources of long-term finance used by a business weighted according to the proportion which each source of finance bears to the the entire pool of fund.
</em>
To calculate the weighted average cost of capital, follow the steps below:
Step 1: Calculate cost of individual source of finance(this is already given)
Cost of Equity= 15%
After-tax cost of debt = (1- T) × before-tax cost of debt =12%
Step 2 : calculate the proportion or weight of the individual source of finance
. (This already given)
Equity = 25%
Debt= 75%
Step 3; Work out weighted average cost of capital (WACC)
WACC = ( 15%× 25%) + ( 12%× 75%)
= 12.75%
WACC is 12.8%
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Answer:
a. Marginal product of a factor of production diminishes as more of it is employed with a given quantity of other inputs
Explanation:
The law of diminishing return states that in applying a successive unit of variable cost to a fixed cost, the return per unit of variable cost will eventually diminish or fall.
What the above means is that at a certain point, the continuous addition of land, labor , capital and entrepreneur will bring about a fall or reduction in output.
An example is where a company operate at a maximum level, there would be a fall in output even when additional workers are employed given that the factors of production are constant.
