Answer:
5.55 times
Explanation:
The computation of the raw materials inventory turnover is shown below:
= Direct material used ÷ average raw material inventory
where,
Average inventory = (Opening balance of raw material inventory + ending balance of raw material inventory) ÷ 2
= ($10,000 + $8,000) ÷ 2
= $9,000
And, the direct material used is $50,000
So, the raw materials inventory turnover would be
= $50,000 ÷ $9,000
= 5.55 times
Marginal cost is the incremental cost incurred for one additional unit.
Marginal benefit is the incremental benefit gained from the one additional unit.
The maximized utility is the concept of getting maximum values from the minimum expenditure.
If you decide to eat one more chip. the change in the total amount gained that comes from this action is the Marginal benefit.
Hence the correct answer is the <u>Marginal benefit</u>
Controlling is what involves measuring organizational performance and making adjustments as needed. Hope this helps, good luck.
Answer:
There is no change in consumers' or producers' well being
Explanation:
Currently consumers of vodka were levied tax of $2. However, government decided to provide tax relief to consumers and shift the burden on producer. There will be no change in the well being of consumers and producers.
Tax is a cost that shifts demand curve if consumers pay tax. Supply curve shifts if producers pay tax. The overall effect, however remains the same. If producers pay tax, cost per unit vodka will increase which will be reflected increased prices. Similarly, if consumers pay tax, they will demand lesser. so there is no change overall.