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3 years ago

These are true or false!! Please help!!

Business

1 answer:

Sergio [31]3 years ago

6 0

Answer:

I'm just going to write T-True n F)-False

1 F-

2 T

3 T

4 T

5 F-

6 T

7 T

8 T

9 F-

10 I'm sorry i don't know about this

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The factor-price equalization theory and transportation costs Which of the following statements about the factor-price equalizat

abruzzese [7]

Answer:

B and C

Explanation:

The correct statements about the factor-price equalization and the effects of transportation costs are:

Free trade, in the absence of transportation costs or other barriers to trade, tends to equalize product prices and factor prices.
Transportation costs prevent product prices from equalizing.

6 0

3 years ago

As a general rule, a profit-maximizing restaurant owner employs each factor of production up to the point at which the value of

Juliette [100K]

Answer:

A. last; equal to

Explanation:

Marginal product of labour is the change in total output as a result of a change in quantity of labour employed.

A profit maximising firm would produce up to a point where the marginal product of last factor enjoyed in equal to the factor's price.

The marginal cost of Labour should equal to the marginal product of labour

4 0

3 years ago

At year-end, Simple has cash of $ 22 comma 000, current accounts receivable of $ 80 comma 000, merchandise inventory of $ 24

oee [108]

Answer:

45.62 days

Explanation:

For computing the average number of days receivables, first, we have to calculate the account receivable ratio. The formula is shown below:

Account receivable ratio = Net credit sales ÷ Average accounts receivable

where,

Average account receivable = (Beginning account receivable balance + ending account receivable balance) ÷ 2

Now put these values to the above formula

So, the answer would be equal to

= $480,000 ÷ ($40,000 + $80,000 ÷ 2)

= $480,000 ÷ $60,000

= 8 times

Now, the average level of receivables equals to

= Total number of days in a year ÷ Account receivable ratio

= 365 days ÷ 8

= 45.62 days

5 0

2 years ago

When the price at which the quantity of a product willing to be purchased by customers and the quantity of product willing to be

Olegator [25]

When the price at which the quantity of a product willing to be purchased by customers and the quantity of product willing to be made by a producer are equal, this is known as the equilibrium price. Equilibrium price is the price set by a market in which the amount of products that are supplied is equal to the amount of products that are demanded.

8 0

3 years ago

At the beginning of the year, Monroe Company estimates annual overhead costs to be $2400000 and that 300000 machine hours will b

Neko [114]

Answer:

Allocated MOH= $252,000

Explanation:

Giving the following information:

Estimated overhead= 240,000

Estimated machine hours= 300,000

Actual machine hours for the year were 315000 hours.

First, we need to calculate the estimated overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 240,000/300,000= $0.8 per machine hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 0.8*315,000= $252,000

3 0

3 years ago