an economy produces 2,400 units of output, employing 60 units of input, and the price of the input is $30 per unit. the level of productivity in this economy is 40
<h3>
What is productivity?</h3>
- It is possible to study patterns in salary growth, wage levels, and technical advancement by further segmenting labor productivity.
- Productivity increase is directly related to corporate earnings and shareholder returns.
- Productivity is a measure of a company's production process efficiency at the corporate level.
- It is calculated by comparing the number of units produced to employee labor hours or by comparing the company's net sales to employee labor hours.
- Productivity is calculated as a company's output divided by the units utilized to produce that output.
- In the workplace, productivity simply refers to how much "work" is completed in a given amount of time.
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Answer: Because it is a private issue that concers only to the company and has to be handled with care, besides, other companies don't have to know about the specifications review.
Explanation: According to Ricks and Gow, “The primary purposes of business letters are to inform, instruct, request, inquire, remit, order, advice, correct and to question.” The basic purpose of any business letter is to <u>convey information</u> regarding business activities.
 
        
                    
             
        
        
        
Answer:
Correct option is (d)
Explanation:
Capacity refers to the amount of goods that a plant or organization can produce. Maximum capacity refers to the total number of goods produced at maximum efficiency.
In this case, Joe's plant could produce 1,000 items if all conditions are met, which means when the plant is at its highest efficiency. This states the maximum capacity of the plant.
 
        
             
        
        
        
Answer:
Trial Income Statement:
Service revenue         $17,000
Rent expense            ($3,500)
Insurance expense      ($350)
<u>Wages expense       ($10,500)</u>
Net income                $2,650
*We need to adjust other expenses like supplies or utilities. I assumed the salaries paid were for a 10 days period since no one pays salaries in advance. 
Trial Balance Sheet
Assets:
Cash $62,200
Supplies $1,000
Prepaid insurance $3,850
<u>Equipment $10,000           </u>
Total Assets $77,050 
Liabilities and Equity:
Accounts payable $8,000
Wages payable $7,000
Common Stock $60,000
<u>Retained earnings $2,050               </u>
Total Liabilities and Equity $77,050
Explanation:
July 1
Dr Cash 60,000
     Cr Common stock 60,000 (6,000 stocks $10 par value)
July 3
<u>Rent expense 3,500</u>
     Cr Cash 3,500
July 5
Dr Prepaid insurance 4,200
     Cr Cash 4,200
Adjusting entry July 31
Dr Insurance expense 350
     Cr Prepaid insurance 350
July 7
Dr Supplies 1,000
     Cr Accounts payable 1,000
July 10
Dr Wages expense 3,500
     Cr Cash 3,500
Adjusting entry July 31
Dr Wages expense 7,000 ($3,500 x 2 10 day periods)
     Cr Wages payable 7,000
July 14
Dr Equipment 10,000
     Cr Cash 2,500
     Cr Accounts payable 7,500
July 15
Dr Cash 8,000
     Cr Service revenue 8,000
July 19
Dr Accounts payable 500
     Cr Cash 500
July 31
Dr Cash 9,000
     Cr Service revenue 9,000
Dr Retained earnings 600
     Cr Dividends payable 600
Dr Dividends payable 600
     Cr Cash 600