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3 years ago

Diminishing marginal utility of wealth implies that the utility function. Group of answer choices

Business

1 answer:

yan [13]3 years ago

7 0

Answer:

c. has decreasing slope and a person is risk averse.

Explanation:

The marignal utility of wealth represent that the subsequent utility of the person wealth is not perceived as necessary/joyful as the previous one.

This makes the slope of the utility function to go upward but at slower grow.

The first units of wealth produce a great improvement in utlity compared with the followings just like in any other good or service provided in the economy.

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Boris works as a receptionist. He's happy with his salary, he gets along well with his coworkers and his boss, he feels no stres

Naily [24]

Answer: Person-Vocation fit

Explanation: According to the question, Borris lacks Person-Vocation fit as he isn't fully satisfied in his current field of employment as a receptionist, he is aspiring for a better more Noble job profession.

Although Boris has no issue with his current company of employment, he is not satisfied with his job.

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3 years ago

To determine whether accounts payable are complete, an auditor performs a test to verify that all merchandise received is record

Leto [7]

To determine whether accounts payable are complete, an auditor performs a test to verify that all merchandise received is recorded. The population of documents for this test consists of all receiving reports.

<h3>What are receiving reports?</h3>

Receiving reposts is a kind of tool that is used to list, document or note all the transaction details of the businesses. It is generally updated and maintained by those employees of the staff who are responsible for receiving or accepting the delivery of goods.

Thus, an auditor runs a test to ensure that every item received is recorded in order to evaluate whether accounts payable are complete. The receiving reports are the population of documents for this test.

Learn more about receiving reports here:

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2 years ago

The pharmaceutical industry often justifies the high prices for new drugs by arguing that they research as many as one hundred n

gizmo_the_mogwai [7]

Blockbuster is your answer

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3 years ago

Company's comparative balance sheet E(Click the icon to view the comparative balance sheet.) t January 31, 2019, and 2018, repor

frozen [14]

Answer:

Bosley Company

Calculation of Net Income or Net Loss during the year ended January 31, 2019, under three independent situations:

Situation 1. Bosley issued $5 million of stock and declared no dividends.

Net Loss = stockholders' equity, January 31, 2018 plus new issue of stock less stockholders' equity, January 31, 2019

= $51 + 5 - 31 = $25 million

Situation 2. Bosley issued no stock but declared dividends of $8 million.

Net loss = stockholders' equity, January 31, 2018 less (dividends + stockholders' equity, January 31, 2019)

= $51 - (8 + 31) = $12 million

Situation 3. Bosley issued $10 million of stock and declared dividends of $50 million :

Net income = (stockholders' equity, January 31, 2019 plus dividends) minus (stockholders' equity, January 31, 2018 plus Issuance of stock)

= ($31 + 50) - ($51 + 10) = $20 million

Explanation:

a) Data and Calculations:

2018 2019

Total assets 74 48

Total liabilities 23 17

Total stockholders' equity 51 31

Stockholders' equity according to the accounting equation = Assets minus Liabilities for each year.

b) Situation 1. Bosley issued $5 million of stock and declared no dividends.

($' million)

Total stockholders' equity, January 31, 2018 51

Add: Issuance of stock 5

Net income 0

Less: Dividends declared 0

Net loss (25 )

Total stockholders' equity, January 31, 2019 31

Net Loss = stockholders' equity, January 31, 2018 plus new issue of stock less stockholders' equity, January 31, 2019

= $51 + 5 - 31 = $25 million

c) Situation 2. Bosley issued no stock but declared dividends of $8 million.

($' million)

Total stockholders' equity, January 31, 2018 51

Add: Issuance of stock 0

Net income 0

Less: Dividends declared (8 )

Net loss (12 )

Total stockholders' equity, January 31, 2019 31

Net loss = stockholders' equity, January 31, 2018 less (dividends + stockholders' equity, January 31, 2019)

= $51 - (8 + 31) = $12 million

d) Situation 3. Bosley issued $10 million of stock and declared dividends of $50 million

($' million)

Total stockholders' equity, January 31, 2018 51

Add: Issuance of stock 10

Net income 20

Less: Dividends declared (50 )

Net loss 0

Total stockholders' equity, January 31, 2019 31

Net income = (stockholders' equity, January 31, 2019 plus dividends) minus (stockholders' equity, January 31, 2018 plus Issuance of stock)

= ($31 + 50) - ($51 + 10) = $20 million

4 0

3 years ago

During its first year of operations, Silverman Company paid $14,000 for direct materials and $19,000 for production workers' wag

hjlf

Answer:

GROSS MARGIN = 33.33%

Explanation:

PRODUCTION COST COMPONENTS

Direct materials 14,000
Direct work 19,000
Lease and utilities 17,000

TOTAL PRODUCTION COST = 50,000

TOTAL UNITS PRODUCED = 5,000

UNIT COST= (Total Production Cost / Total Units Produced) = 50,000 / 5,000 = 10

FINAL GOODS INVENTORY = (Total Units Produced – Total Units Sales) = 5,000 – 3,000 = 2,000

FINAL GOODS INVENTORY AMOUNT = (Final goods Inventory * Unit Cost) = 2,000 * 10 = 20,000

SALES REVENUE= (Sold Units * Sale Price) = (3,000 * 15) = 45,000

COST OF SOLD GOODS (a) = (Sold Units * Unit Cost) = 3,000 * 10 = 30,000

COST OF SOLD GOODS (b) = (Beginning Balance + Production cost – Final Balance) = 0 + 50,000 – 20,000 = 30,000

GROSS MARGIN = ((Sales Revenue – Cost of sold Goods) / Sales Revenues) * 100 = ((45,000 – 30,000) / 45,000) * 100 = 33.33%

COST OF SOLD GOODS (a) Calculated according to the inventory unit cost

COST OF SOLD GOODS (b) Calculated as the difference in inventory

7 0

3 years ago