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3 years ago

EB1.

Business

1 answer:

Viktor [21]3 years ago

3 0

Answer:

Winterfell

Income statement for the year ended December 31, 2019

Sales revenue 865,000

Cost of good sold (354,000)

Gross profit 511,000

Operating expenses (315,000)

Net income 196,000

Explanation:

The net income for the year ended December 31, 2019 is obtained by deducting cost of goods sold and operating expenses from sales revenue.

Gross profit is the difference between sales revenue and cost of goods sold.

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A property title search firm is contemplating using online software to increase the productivity of the researcher performing th

Stella [2.4K]

Answer:

PRESENT= $5.21

COMPANY – A = $6.72

COMPANY – B= $6.64

Explanation:

Calculation for the higher productivity in terms of revenue per dollar of input

PRESENT

Average time =59 minutes

Cost=59 minutes x$1.30 per minute

Cost = $76.7

Productivity (per $input)=$400/$76.7

Productivity (per $input)= $5.21

COMPANY – A

Average time= (59 minutes-16 minutes)

Average time=43 minutes

Cost= 43 minutes x $1.30 per minute + $3.60

Cost=$55. 9+$3.60

= $59.50

Productivity (per $input)=$400/$59.50

Productivity (per $input) = $6.72

COMPANY – B

Average time= (59 minutes - 17 minutes)

Average time=42 minutes

Cost= 42 minutes x $1.30 per minute + $5.60

Cost=$54. 6+$5.60

= $60.20

Productivity (per $input)=$400/$60.20

Productivity (per $input) = $6.64

Summary

PRESENT:Productivity (per $input)= $5.21

COMPANY – A:Productivity (per $input) = $6.72

COMPANY – B:Productivity (per $input) = $6.64

Therefore COMPANY – A with the amount of $6.72 would have the higher productivity in terms of revenue per dollar of input because it has the highest amount.

4 0

3 years ago

Using the continuous compounding equation, if someone invested $5,000 at an interest rate of 3.5%, and someone else invested $5,

UNO [17]

Answer:

Therefore after 16.26 unit of time, both accounts have same balance.

The both account have $8,834.43.

Explanation:

Formula for continuous compounding :

$P(t)=P_0e^{rt}$

P(t)= value after t time

$P_0$ = Initial principal

r= rate of interest annually

t=length of time.

Given that, someone invested $5,000 at an interest 3.5% and another one invested $5,250 at an interest 3.2% .

Let after t year the both accounts have same balance.

For the first case,

P= $5,000, r=3.5%=0.035

$P(t)=5000e^{0.035t}$

For the second case,

P= $5,250, r=3.5%=0.032

$P(t)=5250e^{0.032t}$

According to the problem,

$5000e^{0.035t}=5250e^{0.032t}$

$\Rightarrow \frac{e^{0.035t}}{e^{0.032t}}=\frac{5250}{5000}$

$\Rightarrow e^{0.035t-0.032t}=\frac{21}{20}$

$\Rightarrow e^{0.003t}=\frac{21}{20}$

Taking ln both sides

$\Rightarrow lne^{0.003t}=ln(\frac{21}{20})$

$\Rightarrow 0.003t}=ln(\frac{21}{20})$

$\Rightarrow t}=\frac{ln(\frac{21}{20})}{0.003}$

$\Rightarrow t= 16.26$

Therefore after 16.26 unit of time, both accounts have same balance.

The account balance on that time is

$P(16.26)=5000e^{0.035\times 16.26}$

=$8,834.43

The both account have $8,834.43.

7 0

3 years ago

If firms in a competitive industry begin to earn profit in the short run, new firms will enter. This will shift the industry a.

xxTIMURxx [149]

Answer:

c. supply curve to the right, meaning market price will fall.

Explanation:

If firms in a competitive market start to make a large profit, more firms will enter that market because they will also want a share of it. As more firms enter the market, total quantity supplied will increase, shifting the supply curve to the right and lowering the equilibrium price.

3 0

3 years ago

The Assembly Department produced 5,000 units of product during March. Each unit required 2.20 standard direct labor hours. There

insens350 [35]

Answer:

The journal entry is as follows:

Explanation:

Work in Progress A/c............................................Dr $198,000

Labor efficiency variance(unfavourable)...........Dr $9,000

Labor rate variance A/c........................Cr $4,600

Wages Payable A/c.................................Cr $202,400

Working Note:

Standard hour = Standard direct labor hours × (Standard hour - Actual hour)

= $2.2 × 5,000

= $11,000

Labor efficiency variance = $18 × (11,000 - 11,500)

= $18 × 500

= $9,000

Standard cost = Standard rate × Standard hour

= $18 × 11,000

= $198,000

Actual Cost = Actual rate × Actual hour

= $17.6 × 11,500

= $202,400

6 0

3 years ago

You are thinking about renting a room in a house next year with three of your friends. For each month's rent, you are willing to

Alecsey [184]

Answer:

1. $200

2. $255

3. $455

Explanation:

Producer surplus is the difference between the least price a producer is willing to sell his product and the price of the good.

Producer surplus = price - least price of the product

$400 - $350 = $50

$50 × 4 = $200

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Consumer surplus = highest amount a consumer would be willing to pay - price

Consumer surplus for me = $435 - $400 = $35

Consumer surplus for the first friend = $400 - $400 = 0

Consumer surplus for the second friend = $560 - $400 = $160

Consumer surplus for the third friend = $460 - $400 = $60

Total surplus = consumer surplus + producer surplus

Total consumer surplus = $60 + $160 + 0 + $35 = $255

Total surplus = $255 + $200 = $455

I hope my answer helps you

6 0

3 years ago