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Whitepunk [10]
3 years ago
9

The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs takes one hour (and $18,000),

and after setting up, you can produce 1,000 units of a particular design per hour (at a cost of $8,000). Does this production exhibit scale economies or scope economies?
Business
1 answer:
cluponka [151]3 years ago
7 0

Answer:

The production exhibit both scope economics and scale economics. They are not mutually exclusive.

Explanation:

Looking at the scenario critically, we will clearly see the tendency of a scope economics. Scope economics basically hinges on getting a competitive advantage, essentially because of producing in large quantities and numbers. Riverside Ranger logo T-shirts exhibits this as it produce its products in large numbers, producing 1000 pieces of a particular design in 1 hour.

In same breath, we also have the scale economics exhibited by the organization. Taking a deeper look at the cost representation, we will see that the average cost tend to reduce as the production increases. Thus, an economic of scale is achieved here by leveraging on the mass and swift production style of Riverside Rangers logo T-shirts.

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a buyer's willingness to pay for a good plus the price of the good. the amount by which the quantity supplied of a good exceeds
White raven [17]

Answer:

A buyer's willingness to pay for a good plus the price of the good means the buyer is indifferent between buying the good and not buying it.

Surplus is the amount by which the quantity supplied of a good exceeds the quantity demanded of the good.

Producer surplus is the amount a buyer is willing to pay for a good minus the cost of producing the good.

Consumer surplus is the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.

6 0
2 years ago
Gold Nest Company of Guandong, China, is a family-owned enterprise that makes birdcages for the South China market. The company
Natali5045456 [20]

Answer:

Goldnest company

A. Journal entries

1.Raw Materials Purchased.

Debit Direct Raw materials Account with $ 169,000

Credit Accounts Payable Account with $ 169,000

2.Labour Costs incurred

Debit Direct labor with $ 156,000

Debit Indirect labor with $ 182,000

Debit Sales commissions with $ 25,000

Debit Administrative salaries with $ 45,000

Credit Cash with $ 408,000

3.Rentals Costs for the year

Debit Factory Rent for the year with $13,900

Debit Office Rent for the year with $5,900

Credit Cash Account with $18,900

4. Utility costs incurred in the factory

Debit Factory Utility Account with $20,000

Credit Cash Account with $20,000

5.Advertising Expense Incurred

Debit Advertising Expense Account with $15,000

Credit Cash Account with $15,000

6. Depreciation recorded on equipment

Debit Depreciation on Factory equipment with $15,000

Debit Depreciation on Office equipment with $6,000

Credit Accumulated depreciation with $21,000

7.Sales in the Year

Debit Cash Account with $509,000

Credit Sales with $509,000

B. T Accounts are included in the attached for your understanding

C. Manufacturing overhead has been over applied by $34,300. Workings of this has been attached for your understanding

D.income statement closes with a net profit of $195,000. Refer to attached for detailed breakdown

Explanation:

4 0
3 years ago
Advertisers can determine how effective their media mix has been in reaching their target audience by calculating ________ of th
Viefleur [7K]
<span>Advertisers can determine how effective their media mix has been in reaching their target audience by calculating the total GRP of the advertising schedule.In advertising, a gross rating point (GRP) is a measure of the size of an advertising campaign by a specific medium or schedule.</span>
4 0
3 years ago
Mark Adler earned $1,963.71 salary per month as an assistant technician at a recording studio. His new job pays $9.80 per hour w
NikAS [45]

Mark Adler will have to work 133.59 hours of overtime per week to earn the same amount at his current job.

<h3>Word problems in algebra?</h3>

Word problems in algebra involve the use of mathematical models and variables to solve them. We use a careful and effective method to interpret the variables.

  • In Mark Adler's current job, it was noted that he earns $1963.71 per month

However, his new job pays him $9.80 per hour and a half for all hours over 40 hours per week.

It implies that if he works for over 40 hours per week, he gets paid at the rate of:

\mathbf{= 9.80 + \dfrac{9.80}{2}= \$14.7/h}

For 40 hours, he will make 40 hr × $14.7 / hr = $588

Therefore, to make the same amount per week at his current job, he has to work for:

\mathbf{= \dfrac{\$1963.71}{\$14.7}}

= $133.59 hours

Learn more about word problems here:

brainly.com/question/2254383

6 0
2 years ago
Simmons sold merchandise to Drafke for $5,000 with payment terms of 2/10, n/30. Two days later, Drafke returned two of the units
ioda

Answer:

The amount of the sales discount is $60.

Explanation:

The with payment terms of 2/10, n/30 imply that Drafke will enjoy 2% discount if he pays within 10 days; but after the first 10 days, the full invoice amount payable will be due for payment in 30 days without the 2% discount.

From the question, we have:

Total credit sales = $5,000

Sales return = $2,000

Net credit sales = Total credit sales - Sales return = $5,000 - $2,000 = $3,000

If Drafke pays his account in full within ten days of the invoice date, he will enjoy the 2% discount rate. Therefore, we have:

Discount amount = Net credit sales * Discount rate = $3,000 * 2% = $60

Therefore, the amount of the sales discount is $60.

8 0
3 years ago
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