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uysha [10]
3 years ago
10

In a given time period, a person consumes more and more of a good or service and, as a result, enjoys each additional unit less

and is willing to pay less for each additional unit. This behavior is consistent with the law of
A) diminishing returns
B) diminishing marginal product
C) diminishing marginal utility
D) increasing costs
Business
1 answer:
Natalka [10]3 years ago
3 0
I believe the right answer is c
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Global Corporation had 58,000 shares of $20 par value common stock outstanding on July 1. Later that day the board of directors
wolverine [178]

Answer:

Jul-01

Dr Retained Earnings $324,800

Cr Common stock dividend distributable $232,000

Cr Paid-in capital in excess of par value - Common stock 92,800

Explanation:

Preparation of the journal entry to record the dividend declaration is:

Jul-01

Dr Retained Earnings $324,800

(58,000 shares x 20% x $28)

Cr Common stock dividend distributable $232,000

(58,000 shares x 20% x $20)

Cr Paid-in capital in excess of par value - Common stock 92,800

(58,000 shares x 20% x $8)

8 0
3 years ago
Kristen Lu purchased a used automobile for 8,000 at the beginning of last year and incurred the following operating costs:
love history [14]

Fixed cost per mile 0.32 =(1600+1200+360+40)/10000.

Kristen Lu purchased a second user automobile for 8,000 at the start of last year and incurred the subsequent operatingcosts:8,000atthebeginningoflastyearandincurredthefollowingoperatingcosts ($8,000 ÷5 years) Insurance Garage rent Automobile tax and license Variable operating cost​$ 1.600 $ 1.200 $ 360 $ 40 $ 0.14 per mile​$The variable expense consists of gasoline, oil, tires, maintenance, and repairs. therefore the annual straight-line depreciation is$1,600.

The car is kept in a very garage for a monthly fee. Kristen drove the car 10,000 miles last year. Compute the typical cost per mile of Owning and operating cost of the the car.  What costs above are relevant during this decision? Kristen is considering buying an upscale sports car to interchange the car she bought last year.

She would drive the identical number of miles irrespective of which car she owns and would rent the identical parking zone. The sports car's variable operating costs would be roughly identical because of the variable operating costs of her old car.

learn more about operating cost: brainly.com/question/2115053

#SPJ4

3 0
1 year ago
Milo is the owner of a sporting goods store that has only been open for three months. The holiday season is coming up, and Milo
Arada [10]

1. If Milo should try to sue Jess, the court will decide that

  • that the parties had a contract, but the damages could not be ascertained because the hourly rate and number of hours had not been determined.

2.  Yes, Sylvia will have to pay Sarah for painting the store, even though she did not verbally agree to the contract.

3. The store manager is most likely to explain to Arlene here that  the advertisement is a valid offer, and the store must honor the price in the advertisement.

<h3>What is a business contract?</h3>

A contract can be referred to as business arrangements. They are very enforceable in the case of a breach by a court of law.

A business contract usually makes specifications concerning when a business would be done, the completion, and the payment for the goods and services rendered.

One has to fully understand the terms of a contract before they go ahead to sign documents.

Read more on contracts here: brainly.com/question/984979

6 0
2 years ago
?daniel has started a small shoe manufacturing company. he does not want the best equipment at the moment, so he is using equipm
Rama09 [41]
In this scenario, Daniel is <span>satisficing.
</span>According to its definition, to satisfice means '<span>decide on and pursue a course of action that will satisfy the minimum requirements necessary to achieve a particular goal.' So, Daniel is weighing his options and looking for the means which will provide him with the best results possible when it comes to his small shoe manufacturing company.</span>
3 0
3 years ago
A creamery shop sells its special ice cream for $4.50 a quart. It costs them $3.00 a quart to make it. The daily demand for this
jenyasd209 [6]

Answer and Explanation:

The computation of the service level and the corresponding optimal stocking level is shown below:

Given that

Selling price = SP = $4.50

Cost price = CP  = $3.00

So,

Salvage value =  V  = $1.50

Average daily demand (d) = 35 quarts

The  standard deviation of daily demand  = 4 quarts

based on the above information

Overage cost = (Co) is

= CP - V

= $3.00 - $1.50

= $1.50

Now

Underage cost= (Cu)

= SP - CP

= $4.50 - $3.00

= $1.50

So,  

Service level is

= Cu ÷ (Co + Cu)

= 1.50 ÷ (1.50 + 1.50)

= 1.50 ÷ 3.00

= 0.50

= 50%

Now

At 50 % service level, the value of Z is 0

So,

Optimal stocking level is

= d + Z × standard deviation

= 35 + (0  × 4)

= 35 + 0  

= 35 quarts

7 0
3 years ago
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