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Rom4ik [11]
3 years ago
15

Number of WorkersUnits of Output 00 110 290 3126 4150 5165 6180Refer to above data. Diminishing marginal returns become evident

with the addition of the: Group of answer choices fourth worker. second worker. third worker. sixth worker.
Business
1 answer:
kakasveta [241]3 years ago
3 0

Answer:

The answer is "The third worker".

Explanation:

Please find the correct question in the attachment file.

\text{Number of Workers}      \ Units \ of \ Out-put          \text{marginal Product}\\\\      1\ \ \ \ \ \ \ \ \ \ \ \ \ \   40\ \ \ \ \ \ \ \ \ \ \ \  \ \  40  \\\\2 \ \ \ \ \ \ \ \ \ \ \ \  \ \ 90 \ \ \ \ \ \ \ \ \ \ \ \  \ \ 50\\\\  3 \ \ \ \ \ \ \ \ \ \ \ \  \ \ 126 \ \ \ \ \ \ \ \ \ \ \ \  \ \ 36\\\\  4 \ \ \ \ \ \ \ \ \ \ \ \  \ \ 150\ \ \ \ \ \ \ \ \ \ \ \  \ \ 24\\\\  5 \ \ \ \ \ \ \ \ \ \ \ \  \ \ 165 \ \ \ \ \ \ \ \ \ \ \ \  \ \ 15\\\\  6\ \ \ \ \ \ \ \ \ \ \ \  \ \ 180\ \ \ \ \ \ \ \ \ \ \ \  \ \ 15

from 50 units down to 36 units.

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Arrow Company is a retailer that uses the perpetual inventory system.
PSYCHO15rus [73]

Answer:

a, Inventory cost under First in first out- FIFO = $ 4,628

b. Inventory cost under Last in First Out LIFO = $ 4,378

c. Inventory cost under Weighted average cost = $ 4,494

Explanation:

The data need to be summarised

                                                    Units      Per Unit Cost           Total value

       

August 1 Opening inventory          80                                           $ 1,600

August 5 Purchases                      100                                           $ 2,116

August 11 Purchases                      <u>200</u>                                         <u> $ 4,416</u>

Weighted average cost                  380           $ 21.4                   $  8,132

August 11 Sales                               <u>(170)</u>

Units in hand after Aug 11 sales    210        

Computation on inventory cost under FIFO method

Under FIFO method the cost of goods sold are considered from the opening inventory and the first purchases. The inventory on hand is from the last purchases.

The inventory on hand of 210 units, of which 200 units are from August 11 and 10 units from the purchases of August 5.

The average unit cost of Aug 11 purchases is $ 4,416/ 200 units = $ 22.08

The average unit cost of Aug 05 purchases is $ 2,116 /100 units = $ 21.16

200 units * $ 22.08   = $ 4,416.00

10 units * $ 21.16        = <u>$     211.60</u>

                                      $ 4627.60 say $ 4,628

Computation on inventory cost under LIFO method

Under LIFO method the cost of goods sold are considered from the last purchases and the inventory on hand is from the opening inventory and first purchases.

The inventory on hand of 210 units is as follows

Opening inventory                                      80 units                    $ 1,600

Purchases August 5                                   100 units                   $  2,116

Purchases August 11                                    30 [email protected] $22.08   <u>$      662.40</u>

Inventory under LIFO Method                                                    $ 4,378.40

Computation on inventory cost under Weighted Average method

The weighted average cost of inventory is 210 units * $ 21.40   = $ 4,494

3 0
3 years ago
Colleges offer two-year programs that enable students to obtain an associate degree
Hitman42 [59]

Answer: i believe this is true

Explanation:

6 0
3 years ago
Which term describes the reduction in an asset’s value over its lifespan?
Verizon [17]

Answer:

Depreciation / Amortization

Explanation:

Depreciation is an accounting concept that describes the process of allocating the cost of an asset over its meaningful life. Assets require a substantial amount of capital investments. Expensing the entire cost of an asset in one financial year is against the income and expense matching principle.

The business spreads the cost of the asset in each year that the asset is expected to generate revenue. The cost of the asset is divided equally with the number of its useful years. At the end of each year, the depreciation amount is charged to the profit and loss statement of the business.

Depreciation is the term used for tangible assets, while amortization is used for intangible assets. The two operate on the same concept.

5 0
3 years ago
Booth Company employs a periodic inventory system and reported the following inventory information for the month of August: Augu
lakkis [162]

Answer:

Net income= 41,806.8

Explanation:

Giving the following information:

The following inventory information for August:

August 1 Beginning inventory 2,200 units at $15 cost per unit

August 6 Sold 1,300 units

August 15 Purchased 1,700 units at $25 cost per unit

August 18 Sold 1,900 units

August 23 Purchased 900 units at $24 cost per unit

August 26 Purchased 700 units at $19 cost per unit

August 29 Sold 2,000 units

August 30 Purchased 1,500 units at $37 cost per unit

During August, Booth Company reported operating expenses of $23,000 and had an income tax rate of 37%

First, we need to calculate the revenues for August.

Weighted-average cost= (15 + 25 + 24 + 19 + 37)/5= $24

Units sold= 5,200 units

COGS= 5,200*24= 124,800

Revenues= gross profit + cost of goods sold= 70,460 + 124,800= 195,260

Cost, LIFO method:

COGS= 700*19 + 900*24 + 1700*25 + 1900*15= 105,900

Income statement:

Revenues= 195,260

COGS= 105,900 (-)

Gross profit= 89,360

Operating expenses= 23,000 (-)

EBIT= 66,360

Tax= 24,553.2 (-)

Net income= 41,806.8

5 0
4 years ago
Job 593 was recently completed. The following data have been recorded on its job cost sheet: Direct materials $2,472 Direct labo
PilotLPTM [1.2K]

Answer:

<em>Total Cost Job 593 6557</em>

Explanation:

<em>Job 593</em>

cost = materials + labor + overhead

DM 2,471

DL 1,406 ( 74 labor hours x $19 labor rate)

FO 2,680 (134 machine hours x 20 FO rate)

Total Cost 6557

<u>Remember, </u>for Direct Labor and machien hours, you needto multiply the amount of hour applied in the job by the rate.

3 0
3 years ago
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