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Vladimir79 [104]
4 years ago
15

The operations vice president is adjusting the production quantities for the upcoming month of March for the coal company. Last

month the price of a ton of coal was $45, and in February it increased to $64 per ton. According to the law of supply, what would be a rational response of the VP of operations in adjusting his coal output with the change in the market price?A. Reduce output and layoff workers.B. Increase output and hire more workers.C. Shut down 2 out of the 4 mining sections in the coal mine
Business
1 answer:
12345 [234]4 years ago
6 0

Answer:

The correct answer is letter "B": Increase output and hire more workers.

Explanation:

According to the supply law, if the price increases so will the quantity supplied and if the price decreases the same will happen with the quantity supplied. We could say that the relationship between price and quantity supplied is directly proportional.

In the example, <em>as the price of coal increased so will the quantity supplied</em>. <em>If there is to be more supply the output should be higher which is likely to be interpreted in a need for more employees</em>.

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Crane Company acquired a tract of land containing an extractable natural resource. Crane is required by its purchase contract to
Fittoniya [83]

Answer:

$3.28 per ton

Explanation:

Total value = Land + Estimated restoration costs

                  = $7,440,000 + 1,440,000

                  = $8,880,000

Value for depletion = Total value - Salvage value

                                 = $8,880,000 - $940,000

                                 = $7,940,000

Per ton Depletion:

= Value for depletion ÷ Recoverable reserves

= $7,940,000 ÷ 2,420,000 tons

= $3.28 per ton

7 0
3 years ago
Brian, the operations manager in a company that manufactures light bulbs, calculates the daily productivity at the factory by de
Andru [333]

Answer:

A) partial productivity

Explanation:

partial productivity refers to smaller parts of company operations that can be used as a standard of measurement to gauge company's productivity as a whole.

in the example above, Brian examine the number of  tungsten filaments.

Even though number of tungsten filaments alone cannot be used to measure company's productivity as a whole, higher number of tungsten filaments usually correlate with finished products that can be sold to the customers. Which means that this smaller part of company's operation can be used to gauge company's overall productivity.

6 0
3 years ago
Hockey Accessories Corporation manufactured 21 comma 100 duffle bags during March. The following fixed overhead data pertain to​
Angelina_Jolie [31]

Answer:

Fixed overhead spending variance  = 8300 Favourable

Explanation:

given data

Actual fixed overhead = 559300

Budgeted fixed overhead   = 567600

solution

we get here Fixed overhead spending variance  that is express as

Fixed overhead spending variance  = Actual fixed overhead - Budgeted fixed overhead     .................1

Fixed overhead spending variance  = 559300 - 567600

Fixed overhead spending variance  = 8300 Favourable

7 0
3 years ago
If a company that is in a 35 % tax bracket invests in assets that increase its depreciation expense by $ 562 per year, its chang
jasenka [17]

Answer:

increase of 196.70 dollars

Explanation:

While the depreciation expense will not generate a cash outflow or inflow, the expense will impact the net income which determinates the incoem tax payable.

This change in the net income and therefore, the income tax will also change the cahsflow:

depreciation ( 1 - t ) = tax-shield

562 x 35% = 196.70

The increase in depreciation provides a 196.70 dollars tax shield which increases the cash flow generate for the year.

3 0
3 years ago
TRUE or FALSE. There are two means for achieving financial goals—you either need to increase your savings or reduce spending.
quester [9]
As the basis for everything about finnancial issues, the statement above is TRUE. These means are the basis to achieve your goals to save money and keep your budget safe. Hope this is good for you
3 0
3 years ago
Read 2 more answers
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