Answer:
3
Explanation:
Labor, or a labor force, is the number of workers at a producer’s facility. These Laborers utilize capital resources to produce a product. Without a labor force, a producer cannot produce.
Producers must determine the most efficient number of workers to meet their production needs.
This number is determined by analyzing the Marginal Product of Labor. This is the amount of the change in production produced by each additional worker. This change can take on three forms.
When a producer decides to higher an additional worker and, as a result, the number of items produced per worker per unit of time increases, the producer is said to be enjoying Increasing Marginal Returns.
Ecuation:
MP=Marginal Product
Q=quantity of cakes per day
L=labor force per day
Answer and Explanation:
The adjusting entry is given below:
On Dec 31,2017
Unearned Rent Revenue $25,000 ($75,000 × 4 months ÷ 12 months)
To Rent Revenue $25,000
(Being revenue earned is recorded)
Here unearned rent revenue is debited as it decreased the liability and credited the rent revenue as it increased the revenue
Answer:
Influencer
Explanation:
Raycom Construction needs heavy-duty equipment to install a new pipeline in northern Alaska. Raycom's engineers have been asked to provide detailed specifications and recommendations for the equipment needed. The Raycom engineers will primarily play the <u>Influencer</u> role in the company's buying center.
Answer:
The correct option is D,$3,000,000
Explanation:
The break-even point in dollars =fixed costs /contribution per unit
fixed costs is $900,000
contribution per unit =selling price-variable costs
if variable cost is 70% of selling price , it implies that selling price is 100%, as a result ,contribution is 30% 0r 0.30 (100%-70%)
Break-even in dollars=$900,000/0.3
=$3,000,000
Ultimately, the break-even in dollars is $3,000,000,option D
Answer:
The survival principle states that
A. the only firms that survive are those that maximize profits.
Explanation:
Profit maximization is important for a firm to survive. Without profit maximization, firms fail. Profits impact share price, business growth, and short-term and long-term survival. Profits reduce debt burden, and increase capital investments and acquisitions. Without profits, a firm cannot pay dividends or repurchase shares. Profit is at the center of a firm's survival. Even Baumol's theory of sales maximization states that it is only when an acceptable level of profit has been achieved that a firm can shift its focus away from profits to revenue maximization. This emphasizes the importance of profit maximization. Profit maximization also contributes to the maximization of cash flows.