Answer:
The total cost of producing a given level of output is:____.
d. minimized when the ratio of marginal product to input price is equal for all inputs.
Explanation:
With the above situation, the marginal cost (input price) = the marginal revenue (marginal product). The producer can then maximize profit if it can lower its average total cost per unit below the marginal cost for producing one additional unit of its product. In all cost situations, it is better for the producer to have the total revenue exceeding the total costs, at all times, but more especially with increasing production.
Answer:
First In, First Out (FIFO).
Explanation:
FIFO is an acronym for "First In, First Out" and it assumes oldest unit of inventory is sold first, meaning goods that were first added to inventory are the first goods removed from inventory for sale and are recorded as sold first.
FIFO can be defined as an accounting methods used in managing costs related to inventory, stock repurchases at different times and financial activities associated with monetary costs a company had tied up within inventory of feedstocks, raw materials, produced goods, and equipment parts.
Simply stated, FIFO is an accounting methods used for the valuation of the cost of goods sold and ending inventory of a company.
In a period of rising prices, the inventory method which tends to give the highest cost of goods sold value is First In, First Out (FIFO). This is because the more recent costs represent the higher (rising) net income and a higher (rising) inventory valuation costs.
Answer:
the inventory should be recorded at $8,500
Explanation:
As we know that according to GAAP, the inventory should be recorded at a cost or net realizable value whichever is lower
So as per the question
Historical cost is $12,000
And, the net realizable value is
= Expected selling price - expected selling cost
= $9,000 - $500
= $8,500
So, the lower cost is $8,500
Hence, the inventory should be recorded at $8,500
Answer: Freedom of religion
Explanation: In simple words, religious rights or freedom of religion are the laws protected by the first amendment of the US constitution which secures the position to its citizens for following their religion.
In the given case, Ms William has the right to exercise religion but the company made some hurdles for her to do so.
Hence we can conclude that the rights of freedom of religion has been violated.
Answer:
PURCHASE PRICE OF THE RIGHT STOCK (75 * $90) = $6750
LESS- SELL PRICE OF THE RIGHT (25 * $22) =($550)
TOTAL COST OF THE RIGHT STOCK = $6200
NO OF RIGHT STOCK PURCHASED = 75
PRICE PER STOCK = $82.67
SALE PRICE OF THE RIGHT (25 * $22) =$550
LESS- PURCHASE PRICE OF RIGHT = NIL
TOTAL CAPITAL GAIN ON SALE = $550
