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3 years ago

The following data are for a series of increasingly extensive flood control projects:

Business

1 answer:

igomit [66]3 years ago

8 0

Answer:

b. $28,000 and $12,000 respectively

Explanation:

The marginal cost and marginal revenue refers to the additional cost or revenue that is generated for adding an additional unit or increasing the ouput by one unit,

In thi case, moving to Large reservoir from Medium reservoir

Marginal cost: 72,000 - 44,000 = 28,000

<em>It cost 28,000 to move to a large reservoir</em>

Marginal revenue :64,000 - 52,000 = 12,000

<em>It generates additional benefit for 12,000</em>

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An import quota: A. Is always more costly to a country than an import tariff. B. Has the same effects on welfare as an import t

Ivahew [28]

Answer:

D. Generates rents that might go to foreigners.

Explanation:

An import quota is the trade restriction imposed by the government on the quantity of the particular commodity to be imported from another country. It protects domestic producers from foreign competition. Overseas goods are generally very cheap compared to locally produced goods, which can destroy a business from the market and can make foreign companies be the leader of the market, who can control the price and quality of the product. Therefore, it very helpful to the local producer in sustaining and generating profit in the market.

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3 years ago

What conditions must be met for a company to include a transaction in reported revenue for a given period?

Morgarella [4.7K]

Answer:

Conditions to be met by a company to recognize a transaction in revenue for a given period are:

It should provide a benefit and shall be calculated and defined in numerical and monetary terms.
It should relate to any kind of service or products provided.
It shall be accrued in the current financial period.
All the risk and rewards related to the service or product shall be transferred.

7 0

3 years ago

In the manufacture of 9,400 units of a product, direct materials cost incurred was $174,900, direct labor cost incurred was $109

stiv31 [10]

Answer:

$154,000

Explanation:

Calculation to determine the total conversion cost

Using this formula

Total conversion cost=Direct labor cost incurred

+Applied factory overhead

Let plug in the formula

Total conversion cost =$109,800+$44,200

Total conversion cost=$154,000

Therefore Total conversion cost is $154,000

5 0

3 years ago

A methods and measurements analyst needs to develop a time standard for a certain task. In a preliminary study, he observed one

CaHeK987 [17]

Answer:

120 seconds (2 minutes)

Explanation:

Standard time = normal time + allowances

The normal time is computed using the following formula

normal time = observed time X ratings/100

observed time mean = (84+76+80+84+76)/5 = 80

A person who is 25% faster has a rating of 125%

normal time = 80 X 125/100 = 100 seconds

Allowances is calculated as a percentage of normal time

Allowance = 80 X 20/100 = 20 seconds

Standard time = 100 + 20 = 120 seconds

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3 years ago

When an employee says, "i really want to learn more about this new project" but has his arms crossed, his manager is likely to b

olga_2 [115]

The correct answer is "doesn't want to learn about the new project at all". Arms being crossed is often perceived as a sign of unwillingness to do something.

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3 years ago