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3 years ago

Producers must understand the marginal benefit of making an additional unit. True or False

Business

2 answers:

erastovalidia [21]3 years ago

8 0

Answer:

True

Explanation:

Benefit on manufacturing of each extra unit is known as marginal benefit. It is very important for a producer to understand the marginal benefit. If each Unit produced does not make a benefit for the producer its production should not continue. Compare the Marginal benefit with marginal cost to calculate net marginal benefit.

Dmitriy789 [7]3 years ago

6 0

Answer:

The answer is true.

Explanation:

Marginal benefit is related with the benefit of extra unit produced rather than looking at the overall production. This is important, as after a certain level of production, even though the overall benefit from the production increase, the marginal benefit might decrease.

Based on such observations, producers can make plans on what to produce and what should not be produced.

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On April 5, Fenning Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 30,000 shares of $80 par common

gulaghasi [49]

Answer:

Land A/c Dr $3,360,000

To Common stock A/c $2,400,000

To Additional paid in capital - in excess of par - common stock A/c $960,000

(Being the exchange transaction is recorded)

Explanation:

The journal entry is shown below:

Land A/c Dr $3,360,000

To Common stock A/c $2,400,000

To Additional paid in capital - in excess of par - common stock A/c $960,000

(Being the exchange transaction is recorded)

The computation is shown below:

For land

= 30,000 shares × $112

= $3,360,000

For Common stock

= 30,000 shares × $80

= $2,4000,000

And, the remaining balance is credited to the additional paid in capital account

4 0

3 years ago

Eileen is setting up a company in QuickBooks Online and needs to fill in opening balances for vendors. What is the best way to r

Vsevolod [243]

The best ways is to fill in the opening balance in the vendor details dialogue box. This method is quick, and one may finish it when one create the vendor.

The Vendor Balance Summary report summarizes the company's obligations and overpayments to certain vendors. The overarching goal of this report is to identify accounting irregularities. View the Vendor Balance Detailed report for further information on the vendor's balance.

The following information is included in the report:

Vendor: Either the vendor indicated in the preceding filtering choices or all suppliers accessible to the firm.
Balance: The amount owed to a certain vendor or the credit/overpayment amount (marked with brackets).
Totals: The total amount owed or payed to the suppliers listed.

To learn more about opening balance of vendors click on :

"brainly.com/question/4688609"

#SPJ10

6 0

2 years ago

The Widner Company manufactures two products: Stainless Serving Spoons and Stainless Serving Forks. The costs and revenues are a

Lady bird [3.3K]

Answer:

Option D. 5,400 9,000

Explanation:

The computation for the number of units produced is shown below:

But before that first determined the following calculations

Particulars Spoons Forks

Selling Price $150.00 $88.00

Less:

Variable cost per unit $80.00 $42.00

Contribution margin

per unit $70.00 $46.00

Machine hour per unit 5 3

Contribution margin

per machine hour $14.00 $15.33

As we can see that the contribution margin per machine hour of the fork is greater so it should be the first utilized

For 9,000 forks, total machine hours is

= 9,000 × 3

= 27,000

Now no of the spoons produced would be

= 27000 ÷ 5

= 5,400

4 0

3 years ago

Highly Suspect Corp. has current liabilities of $450,000, a quick ratio of .89, inventory turnover of 6.5, and a current ratio o

nikitadnepr [17]

Answer:

See below

Explanation:

First , we will compute current ratio

Current ratio = Current asset / Current liabilities

1.25 = Current ratio / $415,000

Current asset = $415,000 × 1.25

Current assets = $518,759

Next is to calculate quick ratio

Quick ratio = Current asset - Inventory / Current liabilities

0.79 = $518,750 - Inventory / $415,000

0.79 × $415,000 = $518,750 - Inventory

$327,850 = $518,750 - Inventory

Inventory = $518,750 - $327,850

Inventory = $190,900

Inventory turnover = Cost of goods sold / Inventory

9.5 = Cost of goods sold / $190,900

Cost of goods sold = 9.5 × $190,900

Cost of goods sold = $1,813,550

3 0

3 years ago

If aggregate demand (ad and nominal gdp (gdp increase while the price level is constant, we would conclude that:

Ivahew [28]

If the aggregate demand is increasing while the price level remains constant, it means that the spending and consumption in a macroeconomic setting is increasing. Given the constant range prices, consumers are now able to spend more therefore pushing the demand higher.

8 0

3 years ago

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