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3 years ago

Theory of production

Business

1 answer:

Helen [10]3 years ago

3 0

Answer:

Theory of production, in economics, an effort to explain the principles by which a business firm decides how much of each commodity that it sells (its “outputs” or “products”) it will produce, and how much of each kind of labour, raw material, fixed capital good, etc., that it employs (its “inputs” or “factors of .

Explanation:

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The Palmer Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rents

Fynjy0 [20]

Answer:

in roms 425

in dollars 24,650

Explanation:

Operating fixed cost

salaries 5,500

utilities 1,200

depreciation 1,300

maintenance 4,325

Total Fixed cost 12,325

Contribution per room:

$58 per night

-$10 maid

-$19 other

Contribution = 29

$\frac{Fixed\:Cost}{Contribution \:Margin} = Break\: Even\: Point_{units}$

12,325/29 = 425 rooms

$\frac{Fixed\:Cost}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}$

$\frac{Contribution \: Margin}{Sales \: Revenue} = Contribution \: Margin \: Ratio$

29/58 = 0.5

12,325/0.5 = 24,650

Also can be done:

BEPunits x Price per unit

425 x 58 = 24,650

4 0

4 years ago

AI Rubber is one of four suppliers of molded rubber products and has a 45% market share. The market for its products is shrinkin

klasskru [66]

Answer:

(B) a cash cow

Explanation:

Based on the information provided within the question it can be said that in this scenario AI Rubber would be considered a cash cow. This term refers to a business and/or product that generates a steady revenue or profit for the owning company or individual. Since AI Rubber has a 45% market share we can say that they are the cash cow of the corporation.

8 0

4 years ago

Cash Flow from Operating Activities (Indirect Method) The Arcadia Company owns no plant assets and had the following income stat

mario62 [17]

Answer:

Sales revenue $1,235,000

Cost of goods sold $871,000

Wages expense $273,000

Rent expense $54,600

Utilities expense $19,500

Net income $16,900

End of Year Beginning of Year

Accounts receivable $83,200 $76,700 ($6,500)

Inventory $78,000 $111,800 $33,800

Prepaid rent $10,400 $9,100 ($700)

Accounts payable $28,600 $36,400 ($7,800)

Wages payable $11,700 $7,800 $3,900

Arcadia Company

Cash flow from Operating Activities

Net Income $16,900

Adjusting entries to reconcile net income $22,700

Decrease in inventory $33,800
Increase in wages payable $3,900
Increase in accounts receivable ($6,500)
Increase in prepaid rent ($700)
Decrease in accounts payable ($7,800)

Net cash flow from operating activities $36,900

4 0

3 years ago

Firms that act as financial intermediariesLOADING... match households that have excess funds with firms that want to borrow fund

Over [174]

Answer:

E. Allows savers to spread their money among many financial investments.

C. Provides an easy method of exchanging a financial security for money.

D. Collects and communicates information about borrowers to savers

Explanation:

The financial system provides several key services to both borrowers of funds as well as the lenders of funds apart from transfering excess funds from lenders/households to the firms in need of those funds (borrowers). These include-

The facility of allowing savers or lenders to invest their funds among many different financial investments instead of just one.

It provides information about the borrower to the lender.

A financial security can be easily exchanged in terms of money by these financial institutions in favour of the customer.

Therefore, E, C and D are correct

8 0

4 years ago

Flapper Jack's Pancake Restaurants Inc. sells franchises for an initial fee of $36,000 plus operating fees of $500 per month. Th

Len [333]

Answer:

The journal entry will involve the credit to Unearned franchise fee revenue which amounts to $36,000

Explanation:

The journal entry which is to be recorded for signing the substantial and the collection of note receivable is as:

March 15, 2020

Cash A/c......................................Dr $36,000

Unearned franchise fee revenue A/c......Cr $36,000

As cash is received and that amounts to $6,000, the remaining balance amount of $30,000 being debited to Note receivable will be recognized during the year as and when received. And the Unearned franchise fee revenue for $36,000 is credited because signing date and the performance is yet pending.

3 0

4 years ago

Theory of production​

Theory of production