All categories

3 years ago

How would a manufacturer benefit by using fewer scarce resources

Business

1 answer:

Dima020 [189]3 years ago

4 0

A manufacturer tries to benefit by using scarce resources in the following ways -

Scarce resources will reduce the cost of production leading to maximum profits.

Lesser cost of production will make it more budget friendly and popular among the customers.

Because of better margins, business can invest in research and development to offer better quality products to its customers.

Read more on Brainly.in - https://brainly.in/question/5403340#readmore

You might be interested in

the equity of the corporation, a measure of the value of its assets less debt, is estimated to be 200000. linda forgoes a return

Elodia [21]

Answer:

Economic profit = $5000

Explanation:

given data

value of assets less debt = 200000.

return = 10% per year

total revenue this year = 295000

solution

we consider here that

payroll wage and salaries = $100000

interest paid = 40000

depreciation on equipment = 80000

supplies utility = 50000

so here we get first Total cost that is

Total cost = payroll + interest paid + depreciation + supplies .................1

put here value and we get

Total cost = 100000 + 40000 + 80000 + 50000

Total cost = $270000

Thus,

Accounting profit = Total revenue - total cost ..............2

Accounting profit = 295000 – 270000

Accounting profit = $25000

and we know Opportunity cost is

Opportunity cost = 10% of $200000

Opportunity cost = 10% × 200000

Opportunity cost = $20000

so here Economic profit will be

Economic profit = accounting profit - opportunity cost ..............3

Economic profit = 25000 - 20000

Economic profit = $5000

5 0

3 years ago

The 2016 financial statements of Leggett & Platt, Inc. include the following information in a footnote. (in millions) 2016 2

Virty [35]

Answer:

Option (D) is correct.

Explanation:

Given that,

In 2016,

Allowance for doubtful accounts = $7.2 million

Total accounts and other receivables, net = $486.6 million

In 2015,

Allowance for doubtful accounts = $9.3 million

Total accounts and other receivables, net = $520.2 million

Therefore,

Company’s current gross accounts and other receivables at the end of 2016:

= net receivable(2016) + allowance for doubtful(2016)

= $486.6 + $7.2

= $493.8

8 0

3 years ago

Material and Labor Variances The following actual and standard cost data for direct material and direct labor relate to the prod

Damm [24]

Answer:

Materials:

price 800U

quantity 510 F

Labor:

rate 1,860 F

efficiency 1,740 U

Explanation:

DIRECT MATERIALS VARIANCES

$(standard\:cost-actual\:cost) \times actual \: quantity= DM \: price \: variance$

std cost $5.10

actual cost $5.30

quantity 4,000

$(5.1 - 5.3) \times 4,000 = DM \: price \: variance$

price variance $(800.00)

$(standard\:quantity-actual\:quantity) \times standard \: cost = DM \: quantity \: variance$

std quantity 4000.00

actual quantity 3900.00

std cost $5.10

$(4,000 - 3,900) \times 5.1 = DM \: quantity \: variance$

quantity variance $510.00

DIRECT LABOR VARIANCES

$(standard\:rate-actual\:rate) \times actual \: hours = DL \: rate \: variance$

std rate $8.70

actual rate $8.40

actual hours 6,200

$(8.7 - 8.4) \times 6,200 = DL \: rate \: variance$

rate variance $1,860.00

$(standard\:hours-actual\:hours) \times standard \: rate = DL \: efficiency \: variance$

std hours 6000.00

actual hours 6200.00

std rate $8.70

$(6,000 - 6,200) \times 8.70 = DL \: efficiency \: variance$

efficiency variance $(1,740.00)

4 0

3 years ago

Recruiting new employees via the Internet allows companies to _________. a.Reach candidates from across the worldb.Conduct recru

alexdok [17]

D. All of the above.

Internet allows reaching out candidates from all over the world and at the same time does require you to physically be there for recruitment enabling you to conduct recruitment sessions from office. Further, the resumes and CVs would be sent online requiring no need for physical copies of them.

4 0

3 years ago

Read 2 more answers

If a labor union successfully restricts the supply of labor to firms, and if the union is not able to influence the demand for

Alisiya [41]

Answer:

(B) rises; decreases

Explanation:

As the labors are unable to motivate the other laborers of the firm in the organization then the wage rate will increase the form needs more and more laborers to work in the factory or the production units and hence the employment opportunities will decline as an upward movement along the demand curve.

3 0

3 years ago