Answer:
$7,650
Explanation:
Calculation for the marginal revenue product of the fifth unit of labor
Using this formula
Fifth unit of Labor marginal revenue product=Fifth Quantity of Output*Marginal Revenue
Let plug in the formula
Fifth unit of Labor marginal revenue product=1,530 *$5
Fifth unit of Labor marginal revenue product=$7,650
Therefore the marginal revenue product of the fifth unit of labor is $7,650
Answer:
Explanation:
The journal entries are shown below:
1. Petty cash A/c $1,100
To Cash A/c $1, 100
(Being the petty cash fund is established)
2. Office supplies A/c Dr $614
Miscellaneous selling expense A/c Dr $200
Miscellaneous administrative expense A/c Dr $145
Cash short and over A/c $26
To Petty cash A/c $985
(Being the expenses are recorded)
The Cash short and over is computed below:
= $1,100 - $115- $614 - $200 - $145
= $26
Answer:
Capital Market
Explanation:
Capital markets are the financial markets which deal in bonds, stock, mutual funds and various other long term investments. Alfred is a trader who works at a capital market because that is the market where decisions are made by the investors and traders work accordingly. Moreover, traders in the capital market alter the decisions and make new ones based on the request of buyers and sellers.
Answer:
False
Explanation:
we could see the following difference between Managerial and Financial accounting
Managerial Accounting
- Primary User: Internal
- Purpose of Information: To help managers make decisions
- Focus: Segments
- Frequency: As needed
- Auditing: Not subject to audit
- Required: No
- Time Frame Focused:Future
Managerial Accounting
- Primary User: External
- Purpose of Information: To help investor and creditor make decisions
- Focus: Entire organization as a whole
- Frequency: Quarterly and annually
- Auditing: Publicly held companies are audited
- Required: Required by GAAP, SEC, IRS, and others
- Time Frame Focused: Past (historical transactions)
Answer:
B. the difference in price and long-run average cost multiplied by the quantity produced.
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<em>Note, The complete exercise was found due to a online research. </em>
Explanation:
Take a look to the image attached. Will help you to understand the exercise.
