Long-term debt ratio 0.3

What is difficult about using cost-benefit analysis to estimate the level of a public good that will maximize social welfare? It

scoundrel [369]

Answer:

It is difficult to estimate the marginal social benefits of supplying a public good.

Explanation:

A public good will always be beneficial to the society. However, the exact <u>social benefits</u> it brings cannot be exactly (quantitatively) measured. The costs behind the creation of such a good can be measured (e.g. How much of funding is needed to build a hospital in a village?).

On the other hand, the marginal social benefit for each unit of resources invested cannot be identified (e.g. How many people would benefit for a million dollars invested?).

6 0

3 years ago

Minimum Cost An offshore oil well is kilometers off the coast. The refinery is kilometers down the coast. Laying pipe in the oce

scoundrel [369]

Answer:

To minimize cost, the pipe should follow a rectangular path.

Explanation:

Let us denote the square bottom of the dug pit as

P = S²

and its cost will be P = 2S² = 4S to dig

Let us denote the height of the pit as H,

Therefore, Total area of the pit will be:

4SH

and its cost is 2SH

The volume of the pit is

v= S²H = 4² × 2 = 128

Total cost therefore is =

C = 2S² + 2SH

This therefore translates to

128 = s²h

Making H the subject of the formula,

we have, h = 128 / S²

Cs therefore = 2S² +2S . 128 / S²

Cs = 2S² + 256 / S

Cs = 4S - 256 / S²

Cs = 4S³ - 256 / S

4S³ - 256 / S = 0

4S³ - 256 - 0 = S

Solving further, S = 4

Where,

H = 128/64

= 2

Therefor, S = 4 and H= 2

So our pipe will follow a rectangular path to properly minimize cost.

3 0

3 years ago

At the beginning of 2018, England Dresses has an inventory of $140,000. However, management wants to reduce the amount of invent

Bad White [126]

Answer:

purchases = 160000

Explanation:

given data

beginning inventory = $140,000

amount of inventory on hand = $80,000

net sales = $400,000

gross profit rate = 40%

solution

we first Computation of cost of goods sold hat is

Gross profit rate = $\frac{gross profit}{net sales}$ × 100

= $\frac{gross profit}{400000}$ = = $\frac{40}{100}$

= 100 Gross profit = 16000000

so

Gross profit = 160000

and

Cost of goods sold is = sales - gross profit

so

Cost of goods sold = 400000 - 160000

Cost of goods sold = 240000

and

Cost of goods sold = opening inventory + purchases - closing inventory

so put here value

240000 = 140000 + purchases - 60000

so purchases = 160000

7 0

3 years ago

What is the future value of $3,100 in 17 years assuming an interest rate of 8.4 percent compounded semiannually

Alex Ar [27]

Answer:

$12,556.37

Explanation:

Calculation to determine What is the future value

Using this formula

Future value = PV(1 + r)^n

Let plug in the formula

Future value = $3,100[1 + (.084/2)]^17(2)

Future value = $12,556.37

Therefore the future value is $12,556.37

3 0

3 years ago

A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout th

Citrus2011 [14]

Answer:

Equivalent units for the month of January is 80,000 units

Explanation:

Equivalent units are notional whole units which represent incomplete work and are used to apportion cost between completed work and work in progress.

Using the FIFO method, to calculate the equivalent units, we follow the principle that units of inventory are to be worked upon based on the principle of first come, first serve. The units of inventory that emerged first are worked upon first and so on in the order of arrival.

Equivalent units = Degree of completion (DOC) (%) × units of inventory

Item Units DOC Workings EU Notes

Opening invento 10,000.00 20% 20%*10000 2,000.00 1

Fully worked 70,000.00 100% 100%*70000 70,000.00 2

Closing WIP 20,000.00 40% 40%*20000 8,000.00 3

80,000

Notes

1. DOC for opening inventory is 100%-80%. Remember that 80% work has been done in the previous period, so the balance is to be done in this current period

2. Fully work represent the units of inventory introduced in the current period and completed in the same period. Meaning 100% work was achieved in theperiod.

3. Closing work is only 40% completed. This represent work started this period but not yet completed.

Equivalent units for the month of January is 80,000 units i.e (2000+70000+8000)

8 0

3 years ago