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3 years ago

When do diminishing marginal returns occur Please help!!!!!!!

Business

1 answer:

krek1111 [17]3 years ago

8 0

Answer:

Diminishing Marginal Returns occur when increasing one unit of production, whilst holding other factors constant – results in lower levels of output. In other words, production starts to become less efficient. For example, a worker may produce 100 units per hour for 40 hours.

Explanation:

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Johnson Waterworks Company provides plumbing services. The company is a sole proprietorship. Transactions during the first year

emmasim [6.3K]

Answer:

Given:

Contributed $12,000 cash in exchange for capital,

Paid $1,000 for equipment to be used for plumbing repairs,

Borrowed $11,000 from a local bank and deposited the money in the checking account,

Paid $200 in rent for the year,

Paid $300 for plumbing supplies to be used on various jobs next year,

Completed a plumbing repair for a law firm and received $2,900,

The plumbing supplies of $ 300 are left at the end of the year.

Total assets at the end of the first year = $25,700

7 0

3 years ago

Linda Day George Company had bonds outstanding with a maturity value of $300,000. On April 30, 2020, when these bonds had an una

mr_godi [17]

Answer:

Bonds Payable 300,000 debit

Loss on redemption- Bonds Payable 22,000 debit

Cash 312,000 credit

Discount on Bonds Payable 10,000 credit

--to record the reemption of old-bonds--

Explanation:

call price = 300,000 x 104/100 = 312,000

Bond payable (net) 300,000 - 10,000 = 290,000

Loss at redemption 22,000

We should recognize a loss as we are paying for the bonds 312,000 dollars while they are worth 290,000

To do the entry, we will write-off the bonds payable and the discount on bonds account. Wer will credit the cash used on the redemption and debit the expense.

8 0

3 years ago

Three years ago, Charles purchased a health policy from the QRS Company; he has purchased two additional contracts from the same

ikadub [295]

Answer: a. Only one policy will pay, the premiums for the other contracts will be returned.

Explanation:

When there are multiple insurance contracts from the same insurer and these contracts have a ''Other Insurance With This Insurer'' provision, it means that in cases where the insured wants to claim, they can choose whichever of the policies they want and that one will pay out but they cannot pick them all.

The premiums paid on the other contracts/s will be returned to the insured because it represents excess coverage.

5 0

3 years ago

cientists have developed a bacteria that they believe will lower the freezing point of agricultural products. This innovation co

alex41 [277]

Answer:

equilibrium price would fall and equilibrium quantity would increase

Explanation:

The discovery would reduce the amount of crops now lost to frost damage and increase the supply of crops e.g. potato.

As a result of the increase in supply, there would be an excess of supply over demand equilibrium price would fall and quantity would increase

Please check the attached image for a graph showing increase in supply

5 0

3 years ago

Which of the following statements regarding a SEP is true?

oee [108]

Answer:

All the statements are false

Explanation:

A simplified employee pension (SEP) retirement plan can be set up by an employer or by someone that is self-employed. The employer benefits from the SEP because his contributions are tax deductible. The employer's contributions to SEP individual retirement accounts is completely discretionary, they don't have to follow a fixed rate or amount. The contributions must be equally proportional to all full time employees. The main advantage of a SEP plan is that it is very simple to set up.

4 0

3 years ago