Answer:
a. What is the MRP? What is the MRC? Should the firm add this delivery vehicle?
marginal revenue product = marginal product of labor x marginal revenue per output unit
MRP = 1,500 packages x $0.10 per package = $150
marginal resource cost (MRC) = $100 (the cost of renting the delivery truck)
The company should add the delivery truck because MRP is higher than MRC.
b. Now suppose that the cost of renting a vehicle doubles to $200 per day. What are the MRP and MRC in this situation?
MRP = $150 (doesn't change from question a)
MRC = $200 (the cost of renting the delivery truck)
The company should not add the delivery truck because MRP is less than MRC.
c. Next suppose that the cost of renting a vehicle falls back down to $100 per day, but, due to extremely congested freeways, an additional vehicle would only be able to deliver 750 packages per day. What are the MRP and MRC in this situation? Would adding a vehicle under these circumstances increase the firm's profits?
MRP = 750 packages x $0.10 per package = $75
MRC = $100
The company should not add the delivery truck because MRP is less than MRC.
Answer:
I would say Times New Roman
Explanation:
It's simpler than the others and most people prefer it for essays, letters, and portfolios.
Answer:
a. release materials from the storeroom to the factory
Explanation:
A materials requisition is a common document in materials management. It is sent by the production department in order to request a certain amount of materials from storage to the manufacturing process. It is an important part of accounting documentation as bookkeepers need to see how much raw material was used in the manufacturing process.
The answer to the blank space is conclusions.
Inferential statistics differ from descriptive statistics not just in the level of complexity of statistical methods, but also their use. Inferential statistics are commonly used to draw inferences from the dataset – relationships and comparisons between the datasets are often the goal in using inferential statistics. Descriptive statistics, just like how the name implies, describes the dataset – what’s the average, the midpoint, the highest number.
Answer:
c. Yes, since the word "or" is contained in the instrument, either Joe Jones or the bearer of the draft may obtain payment.
Explanation:
These are options for the question below
a. No, unless Joe Jones's name is crossed off.
b. No, unless "bearer" is handwritten.
c. Yes, since the word "or" is contained in the instrument, either Joe Jones or the bearer of the draft may obtain payment.
d. No, the terminology is ambiguous and therefore the draft must be paid only to the order of Joe Jones.
From the question, we were told that A draft is payable "to the order of Joe Jones or to bearer." Sally finds it and demands payment. Should the drawer pay Sally
The right answer is Yes, this is because the word "or" is found in the instrument, and any one between Joe Jones and the bearer of the draft is liable in obtaining payments,
Note: a draft is an order for money to be paid, it in a written form.
