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Jet001 [13]
4 years ago
14

Marginal utility is the Group of answer choices total utility associated with the consumption of a certain number of units of a

good divided by the number of units consumed change in total utility obtained by consuming one less unit of a good. sensitivity of consumer purchases of a good to changes in the price of that good. change in total utility obtained by consuming an additional unit of a good
Business
1 answer:
Vitek1552 [10]4 years ago
4 0

Answer:

change in total utility obtained by consuming an additional unit of a good

Explanation:

The utility is the level of satisfaction derived from the consumption of a good or service.  

Marginal utility obtained from the consumption of a good is the change in the total utility due to the consumption of an additional unit of that good.

The total utility from consuming a good is maximized when the marginal utility is zero.  

In order to maximize the total utility while consuming more than one good the marginal utility obtained from the last dollar spent on each product should be equal.

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LOL Music Store uses the perpetual inventory system to account for its merchandise. On November 17, it purchased $1,000 of merch
bazaltina [42]

Answer:

The answers are:

  • Dr accounts payable 1,000
  • Cr cash 980
  • Cr merchandise inventory 20

Explanation:

Since accounts payable is a liability, when it decreases, it should be debited. Since the merchandise was paid (less debt), then the company's liabilities decrease.

Since cash is an asset, when an asset decreases, it should be credited. LOL Music Store paid its debt in cash, therefore decreasing its cash account.

Since the purchase discount reduces the value of the inventory and inventory is an asset, when an asset decreases, it should be credited.

6 0
3 years ago
Read 2 more answers
Thanks to his firm's decentralization and use of responsibility accounting, Matt has more time to review a proposed new joint ve
Bas_tet [7]

Answer:

Encourage the top echelon of the management focus on strategic decisions.

Explanation:

To begin, Decentralization is one of the tools of management aimed at delegating tasks to the lower level of staffs. Decision in an organization is often at:

1. Strategic level

2. Tactical level

3. Operational level

Strategic decisions are often reserved for the top management. However, being the top management, they are responsible for the activities done at all levels of decision taking. Hence, decentralization has become a tool through which management delegate otherwise important functions to trusted and competent staff.

Now, with the decentralization, Matt now has more time to review proposed new joint venture - a strategic function, with one of the business partners. This is one of the advantages of decentralization, as a competitive advantage has thus been created in the time and resources used in reviewing the new joint venture.

6 0
3 years ago
Read 2 more answers
Great Visions Company entered into a contract with ABC Carpet Company on January 15, 2020. The delivery date of March 1 was spec
inn [45]

Answer:

March 31, 2020

Explanation:

The accrual accounting principle states that you must record transactions in the accounting periods in which they occur, and the conservatism principle states that revenues should only be recorded when the earning process has been substantially completed.

In this case, only March 31 fulfills both requirements, since the goods were delivered on that day: same accounting period + earning process completed.

8 0
3 years ago
PLS, I NEED THIS REALLY FAST!!!
kkurt [141]
C because it would be the only option that makes sense
4 0
3 years ago
Cycle Gear Corporation has incurred the following costs on job number W456, an order for 20 special sprockets to be delivered at
snow_lady [41]

If Cycle Gear Corporation has incurred the following costs on job number W456, an order for 20 special sprockets to be delivered at the end of next month .

The direct materials and direct labor costs listed in the exercise would have been recorded on four different documents: the materials requisition form for Job W456, the time ticket for Jamie Unser, the time ticket for Melissa Chan, and the job cost sheet for Job W456.

When material is needed to finish a specific job, it is withdrawn from the store according to job costing.

The Material Requisition Form, which authorizes such withdrawal and specifies the types and quantity of material, can be used to withdraw material.

The costs of the materials to be recorded in the material requisition form are as follows:

Request No. 15673 - 40 Titanium Blanks at $20 Each = $800

Request number 15678: 420 nibs multiplied by 1.75 equals $735

Time sheet of Jamie Unser -

3 hrs and 45mints  * 12.60 = $ 47.25       [ 45/60 = 0.75, ( 3+.75) x 12.60 = 47.25)

Time sheet of Mellissa Chan -

3 hrs and 15 mints * 13.20 = $ 42.90

The direct materials and direct labor costs listed in the exercise would have been recorded on four different documents: the materials requisition form for Job W456, the time ticket for Jamie Unser, the time ticket for Melissa Chan, and the job cost sheet for Job W456.

Question: Cycle Gear Corporation has Incurred the following costs on job W456, an order for 20 special sprockets to be delivered at the end of next month: Direct materials: • On April 10, requisition number 15673 was Issued for 40 titanlum blanks to be used in the special order. The blanks cost $20 each. On April 11, requisition number 15678 was Issued for 420 hardened nibs also to be used In the special order. The nibs cost $1.75 each. Direct labour: • On April 12, Jamle Unser worked from 1:00 a.m. until 2:45 p.m. on job W456. He is pald $12.60 per hour. • On April 18, Mellssa Chan worked from 8:15 a.m. until 1130 a.m. on job W456. She is pald $13.20 per hour. Required: 1. On what documents would these costs be recorded?

To know more about materials visit:

brainly.com/question/15059357?

#SPJ4

7 0
2 years ago
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