<span>Law of Diminishing Marginal Returns (LDMR). As in Economic theory, there will be fixed and variable factors of production in the short run. This would imply that beyond a certain level of production, the next unit of variable factor added to the production would result in a lower output as compared to the previous unit of variable input that was added to the production. This is ultimately due to the over usage of the fixed factors of production (such as machinery and infrastructure) and resulting in a less "efficient" amount of output due to the physical operating limits of fixed factors of production. As such in the short run, MR will slope downward if the firm is producing beyond its most efficient point of production to ensure more products can be produced given a limited amount of time.</span>
Answer:
$544
Explanation:
LIFO means last in first out. It means it's the last purchased inventory that is the first to be sold.
The cost of the 250 units sold would be first deducted from the inventory purchased on the 25th
= 100 × 2.34 = $234
That leaves 250 - 100 = 150 units.
The cost of goods sold would be next allotted to the inventory purchased on the 9th
= 50 × 2.20 = $110
This leaves 150 - 50 = 100
The cost of the 100 would be alloted to the beginning inventory
100 × $2 = $200
Total cost of goods sold = $200 + $110 + $234 = $544
I hope my answer helps you
9 Advantages to Using Computerised Accounting Systems
Automation. To make sure that all calculations are correct and accurate it is important to use something other than pen and paper. ...
Data Access. ...
Accuracy. ...
Reliability. ...
Speed. ...
Security. ...
Scalable. ...
Visuals.
To increase differentiation, companies can rotate staff to different departments and maintain a strong organizational culture.
<h3>What is strong
organizational culture?</h3>
Only when the workplace is appropriate for the business and its employees, including their preferred methods of operation, amenities, and design that affect their employee experience, and whatever makes them feel most comfortable or productive, does a strong organizational culture emerge.
A strong corporate culture entails a supportive and enjoyable work environment, resilience to difficulties, clarity of purpose, and dedication to excellence.
Four distinct organizational culture types:
- Adhocracy culture is the innovative, business-minded Create Culture.
- Clan culture is the sociable, customer-focused Collaborate Culture.
- The process-focused organized Control Culture is known as Hierarchy Culture.
- Market culture is the competitive, results-driven culture.
To know more about organizational culture refer to: brainly.com/question/12195559
#SPJ4