As a person becomes an expert in an area, he or she will begin to _______

Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $127,000.

Brut [27]

Answer:

b. $31,000

Explanation:

The computation of the depreciation expense using the straight-line method for the second year is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($127,000- $3,000) ÷ (4 years)

= ($124,000) ÷ (4 years)

= $31,000

Hence, the correct option is b. $31,000

The units are to be ignored as the method i.e used is straight line so the same is to be considered

6 0

3 years ago

The increase in total revenue that results from selling one more unit of output is A. marginal revenue. B. average revenue. C. m

egoroff_w [7]

Answer:

(i) Option (A) is correct.

(ii) Option (A) is correct.

Explanation:

(i) Marginal revenue refers to the change in total revenue obtained from the sale of an extra unit of a commodity. It is calculated by differentiating total revenue with respect to output. It is shown as:

$Marginal\ revenue=\frac{dTR}{dq}$

where,

TR = Total revenue

q = output

(ii) In a perfectly competitive market, price is equal to both average revenue and marginal revenue. Since, firms in a competitive market are not required to reduce the price of their product for selling more number of units. Hence, the average revenue remains the same at all the level of output. That's why average revenue in equal to the price under perfect market conditions.

Therefore, every additional unit of an output is sold at a same price, so the marginal revenue obtained from an extra unit is constant and hence, price is equal to the marginal revenue.

4 0

3 years ago

Swanson company has two divisions; sporting goods and sports gear. the sales mix is 65% for sporting goods and 35% for sports ge

MA_775_DIABLO [31]

We are given
fixed cost, F = $6,660,000
sales mix:
65% sporting goods
35% sports gear
margin ratio:
30% sporting goods
50% sports gear

Now, we solve for the break even point in dollars. We use the formula
x = total fixed cost / [ price - total variable cost/price ]
Using the given values
x = 6660000 / [0.65(0.3)(6660000) + .35(0.5)(660000)]/ [(0.3)(6660000) + (0.5)(660000)]
x = $14,400,000

The breakeven point is $14,400,000
This is the sales when the revenue is just equal to the total cost of producing the products resulting to zero profit.

6 0

3 years ago

Read 2 more answers

The G20 represents the financial interest of nations that account for about _____________ of world trade.â€‹

labwork [276]

Answer:

about 80% of world trade

Explanation:

The G20 consists of 19 individual countries and the European Union. If trade within the EU is included, the members account for about 80% of world trade. If trade within the EU is excluded, the members account for about 75% of world trade.

5 0

2 years ago

Read 2 more answers

Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as foll

gavmur [86]

Answer:

1-a. ACME corporation is 1.26

Wayne corporation is 1.09

1-b. ACME corporation

Explanation:

ACME ($ in millions) Wayne ($ in millions)

Total current assets $ 12,987 $ 8,258

Total current liabilities $ 10,301 $ 7,545

1-a) Formula for calculating current ratio: Current ratio = Current assets ÷ Current liabilities

ACME corporation, current ratio = $ 12,987 million ÷ $ 10,301 million = 1.26

Wayne corporation, Current ratio = $ 8,258 million ÷ $7,545 million = 1.09

1-b. The higher the current ratio, the better the liquidity position. ACME corporation has the better ratio.

5 0

2 years ago

As a person becomes an expert in an area, he or she will begin to ________ to help organize the information.