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aivan3 [116]
3 years ago
8

Data pertaining to a company's joint production for the current period follows

Business
1 answer:
Ainat [17]3 years ago
4 0

Answer:

a. $295.81

Explanation:

Total market value = (310 * 10.2) + (260 * 20.4)

Total market value = 3,162 + 5,304

Total market value = 8466

Joint cost allocated to L on basis of value

= [ (310 * 10.2) / 8,466] * 792

= (3,162 / 8,466) * 792

= $295.81

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A company has net income of $ 225,000 and declares and pays dividends in the amount of $ 75,000 . What is the net impact on reta
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A company has net income of $ 225,000 and declares and pays dividends in the amount of $ 75,000 .

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2 years ago
The measurement of how efficiently and effectively a manager uses resources to satisfy customers and achieve organizational goal
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Answer:

Effectiveness

Explanation:

Organizational effectiveness shows the extent to which resources have been efficiently managed to produce intended results.

Efficiency has to do with maximal uses of resources available (i.e  input versus output) while effectiveness show whether desirable outcomes have been achieved i.e whether organizational objectives are being achieved.

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4 years ago
Arundel Company uses aging to estimate uncollectibles. At the end of the fiscal year, December 31, 2018, Accounts Receivable has
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Answer:

After the adjusting entry is made, Allowance for Doubtful Accounts balance is a credit balance of $22,290

Explanation:

Arundel Company uses aging to estimate uncollectibles.

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The current unadjusted Allowance for Uncollectible Accounts balance is a debit balance of $2,000.

Bad debt Expense = $22,290 + $2,000 = $24,290

The adjusting entry:

Debit Bad debt Expense $24,290

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After the adjusting entry is made, Allowance for Doubtful Accounts balance is a credit balance of $22,290

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3 years ago
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The correct answer is that firms with market power will produce less and charge a higher price than what would be socially optimal.
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3 years ago
You have been hired by the No Hassle Collection Agency to provide economic advice. The owner of the agency tells you that No Has
bearhunter [10]

Answer:

The marginal revenue product has a property known as diminishing marginal return.

The property of diminishing marginal return tells us that theres an amount of input that maximizes revenue, and after this point is reached, additional units of input less addional revenue until diminishing it.

In this example, the Collection Agency is way past the maximum revenue point (located at $34.00 per worker). It needs to lay off employees until it goes from the current $40.00 marginal revenue product, until $34.00 marginal revenue product.

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3 years ago
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