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gogolik [260]
2 years ago
15

Suppose that a firm begins to hire workers for a newly completed plant with a fixed amount of machinery. As the firm hires addit

ional workers, one would expect the marginal product to
Business
1 answer:
anastassius [24]2 years ago
8 0

Answer: Rise initially, but eventually fall.

Explanation:

The increase in the workers brought would increase the marginal product; there would be increase in production based on the number of persons that were engaged but the marginal cost might eventually fall in the future because of human management and resilience from the workers that were brought

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Ted Catering received $1,180 cash in advance from a customer for catering services to be provided in three months. Determine the
Serhud [2]

Answer:

Debit cash for $1,180

Credit unearned catering revenue for $1,180

Explanation:

Unearned revenue refers to the amount of money that is received in cash by a company for goods that are yet to be delivered or services that yet to be rendered.

The $1,180 advance payment received by Ted Catering is unearned catering revenue. The eneral journal entry that Ted Catering will make to record the cash receipt wil appear as follows:

<u>Account title                                  Dr ($)             Cr ($)        </u>

Cash                                               1,180

Unearned catering revenue                               1,180

<em><u>(To record unearned catering revenue.)                               </u></em>

5 0
3 years ago
Which of the following typically has the lowest fees or cost to use?
timama [110]

Answer: A. Debit card

<span>Among  Debit card, Credit card, Cash advance and Payday Loan, a debit card typically has the lowest fees or cost to use. </span>A debit card is a plastic payment card used<span> instead of cash when making purchases. Unlike in a credit </span>card<span>, the money comes directly from the user's bank account when performing a transaction. </span>

Credit cards, cash advance and a payday loan are the same in the sense that they extend a line of credit to their users. Users are then charged with an interest higher than the fee charged in using debit cards. <span>
</span><span>

</span>

4 0
3 years ago
DrexlerDrexler had no stock transactions in 20182018​, so the change in​ stockholders' equity for 20182018 was due to net income
erastovalidia [21]

Answer:

Drexler's net income for 2018 was $300,000.

Explanation:

Assuming the following asset and liability figures for Drexler (missing in the question):

On 31 December 2017:

Total assets                  $330,000

Total liabilities              $25,000

On 31 December 2018:

Total assets                  $560,000

Total liabilities              $35,000

Hence, during the year 2018:

Increase in total assets = $560,000 - $330,000 = $230,000

Increase in total liabilities = $35,000 - $25,000 = $10,000

According to the accounting equation:

Capital = Assets - Liabilities

Hence, Change in Capital = Change in Assets - Change in Liabilities

                                           = $230,000 - $10,000

                                           = $220,000

According to the statement of retained earnings:

Change in stockholders' equity (i.e. capital) = Net income - Dividends

$220,000 = Net income - $80,000

Net income = $220,000 + $80,000

Net income = $300,000

7 0
3 years ago
Business analytics uses _____ to support decision-making activities.
Naddika [18.5K]
The answer is option "a", Business analytics uses "data mining tools" to support decision-making activities.<span>

</span> Business analytics (BA) alludes to the skills, advancements, technologies and practices for ceaseless iterative investigation and examination of past business execution to pick up knowledge and drive business planning.

Business analytics concentrates on growing new bits of knowledge and comprehension of business execution in view of information and measurable techniques. Conversely, business knowledge generally concentrates on utilizing a steady arrangement of measurements to both measure past execution and guide business arranging, which is likewise in view of information and statistical strategies.
4 0
3 years ago
Securities not listed on one of the exchanges trade in the over-the-counter market. In this exchange, dealers "make a market" by
GREYUIT [131]

Answer:

(C) doing both of the above

Explanation:

When dealers "make a market", they do so by providing liquidity in a market that may lack such. Liquidity measures the ease with which participants can buy and sell in a market. Thus, by making a market, a dealer buys stocks for inventory when investors want to sell, and sells stocks from inventory when investors want to buy.

6 0
3 years ago
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