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3 years ago

Managerial economics

Business

1 answer:

lbvjy [14]3 years ago

7 0

Answer:

d. ensures managers always make good decisions.

Explanation:

Managerial economics is the study of the economics theory with accounting managerial scope to ensure the decision taken are as required within the business practices. It helps managers to solve accounting problems and make decision using economic theory and laws.

It provides a basis to solve and give the best solutions at all times even under constraints or in the time of scarcity. It uses quantitative methods and statistical tools to get better result oriented strategies.

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Which neca committee is responsible for the production of the magazine the quality connection?

OverLord2011 [107]

The correct answer is <span>NLMCC- National Labor Management Cooperation Committee.
This magazine is NLMCC's flagship publication, because there all of its goals can be found. Construction members and other contractors are people who receive it and read it.
</span>

4 0

3 years ago

Sales are $1.44 million, cost of goods sold is $570,000, depreciation expense is $144,000, other operating expenses is $294,000,

anygoal [31]

Answer:

Times Interest earned ratio is 4.41 times

Explanation:

Times interest earned ratio measure the business capability to pay the interest over its liabilities from its current earning.

As interest expense value is not given it is calculated by the net of Earning before interest and tax and Income before tax

Net Income = Addition to Retained Earning + Dividend Paid = $133,100 + ( 84,000 x $1 ) = $133,100 + $84,000 = $217,100

Income before tax = $217,100 x 100% / ( 100% - 35%) = $334,000

Earning before interest and tax = Sales - Cost of goods sold - depreciation expense - other operating expenses = 1,440,000 - 570,000 - 144,000 - 294,000 = $432,000

Interest Expense = Earning before interest and tax - Income before tax = $432,000 - 334,000 = $98,000

Times Interest earned ratio = Earning before Interest and tax / Interest expense = $432,000 / $98000 = 4.41 time

4 0

3 years ago

Mr. Morgan earns $38,000 a year as a salesperson and a 5% commission on all his sales. He has a mortgage of $910 a month and pay

Semmy [17]

Answer:

the mortgage.

Explanation:

5 0

3 years ago

Read 2 more answers

discuss money supply and inappropriate government policies as causes of fluctuations in business cycles

VashaNatasha [74]

Answer:

Economic growth can be caused by random fluctuations, seasonal fluctuations, changes in the business cycle, and long-term structural causes. Policy can influence the latter two.

Business cycles refer to the regular cyclical pattern of economic boom (expansions) and bust (recessions). Recessions are characterized by falling output and employment; at the opposite end of the spectrum is an “overheating” economy, characterized by unsustainably rapid economic growth and rising inflation. Capital investment spending is the most cyclical component of economic output, whereas consumption is one of the least cyclical. Government can temper booms and busts through the use of monetary and fiscal policy. Monetary policy refers to changes in overnight interest rates by the Federal Reserve. When the Fed wishes to stimulate economic activity, it reduces interest rates; to curb economic activity, it raises rates. Fiscal policy refers to changes in the federal budget deficit. An increasing deficit stimulates economic activity, whereas a decreasing deficit curbs it. By their nature, policy changes to influence the business cycle affect the economy only temporarily because booms and busts are transient. In recent decades, expansions have become longer and recessions shallower, perhaps because of improved stabilization policy, or perhaps because of good luck.

3 0

3 years ago

Oakley Company does not ring up sales taxes separately on the cash register. Total receipts for February amounted to $32,100. If

Murrr4er [49]

Answer: $2100

Explanation:

From the question, we are informed that Oakley Company does not ring up sales taxes separately on the cash register and that the total receipts for February amounted to $32,100 and the sales tax rate is 7%.

The amount that must be remitted to the state for February's sales taxes will be:

= $32,100/(1+7%) × 7%

= $32100/(1 + 0.07) × 0.07

= $32100/1.07 × 0.07

= $2100

7 0

3 years ago