According to the principle of rational choice, if there is diminishing marginal utility: select one:

The City of Lawrence opens a solid waste landfill in 2017 that is at 54 percent of capacity on December 31, 2017. The city had i

Maurinko [17]

Answer:

Detailed solution is given below:

6 0

2 years ago

The following information is given for an economy: Labor Force of an Economy Number of People (millions) Total population 35.4 C

gizmo_the_mogwai [7]

Answer:

a. 28.7 millions

b. 20.4 millions

c. 0.9231, or 92.31%

Explanation:

a. How much of the population is older than 16? million

Number of population older than 16 = Total population - Children under the age of 16 = 35.4 – 6.7 = 28.7 millions

b. What is the size of the labor force? million

Labour force = Employed + Unemployed = 18.5 + 1.9 = 20.4 millions

c. What is the labor force participation rate?

Working age population = Total population – Children under the age of 16 – Retirees = 35.4 – 6.7 – 6.6 = 22.1 millions

Labor force participation rate = Labor force ÷ Working age population = 20.4 ÷ 22.1 = 0.9231, or 92.31%

7 0

3 years ago

Department S had no work in process at the beginning of the period. It added 13,600 units of direct materials during the period

lora16 [44]

Answer:

Cost of units completed = $176,528

Workings are attached:

Explanation:

Equivalent unit of production

An equivalent unit of production is an expression of the amount of work done by a manufacturer on units of output that are partially completed at the end of an accounting period. Basically the fully completed units and the partially completed units are expressed in terms of fully completed units.

Equivalent units are used in the production cost reports for the producing departments of manufacturers using a process costing system. Cost accounting textbooks are likely to present the cost calculations per equivalent unit of production under two cost flow assumptions: weighted-average and FIFO.

Conversion costs

Conversion costs is a term used in cost accounting that represents the combination of direct labor costs and manufacturing overhead costs. In other words, conversion costs are a manufacturer's product or production costs other than the cost of a product's direct materials.

Expressed another way, conversion costs are the manufacturing or production costs necessary to convert raw materials into products.

The term conversion costs often appears in the calculation of the cost of an equivalent unit in a process costing system.

For the sake of this question, we will be determining the equivalent units of production:

Units completed and transferred subject to material and conversion costs
Units in the closing inventory subject to material and conversion costs
We will then calculate the cost per units with respect to material and conversion costs for the equivalent units.
These cost per units will enable us to determine the cost of items completed.

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4 0

2 years ago

Depreciation--Jerry Company purchased machinery for $315,000 on May 1,2020 . It is estimated that it will have an useful life of

Gemiola [76]

Answer:

The depreciation for the first year is $75,000

Explanation:

In working hours method the depreciation on a fixed asset is charged using the ratio of numbers of hours utilized by the asset in a period and lifetime working capacity in hours.

First, we need to calculate the Depreciable value

Depreciable value = Cost of Asset - Salvage value = $315,000 - $15,000 = $300,000

Depreciation = Depreciable value x Numbers of hours worked / Total working capacity of Asset = $300,000 x 25,000 / 100,000 = $75,000

6 0

2 years ago

A shoe manufacturer has created a decision tree with costs of different marketing strategies and the two possible outcomes from

DochEvi [55]

Answer:

The probability of each outcome

Explanation:

The probability of an event Bis the number of ways event B can occur divided by the total number of possible outcomes. Also it describes the probability of an event taking place and the chance that the event will occur as a result of an experiment carrier out.

5 0

2 years ago