Answer:
The marginal product for the third worker is 150 packets
Explanation:
Marginal product is the change in the output of a firm as a result of an additional input or factor of production. These additional inputs may include materials, labor etc.
The Marginal product for the third worker can therefore be calculated as
change in Total product / change in labour
change in total product = New packets of senior portrait - old packets of senior portraits ( 600 - 450) = 150
change in labour ( 3 - 2 ) = 1
150/1 = 150 packets
Answer:
Sales; average accounts receivable
Explanation:
The formula to compute the account receivables turnover ratio is shown below:
Accounts receivable turnover ratio = Credit sales ÷ average accounts receivable
where,
Average accounts receivable = (Opening balance of Accounts receivable + ending balance of Accounts receivable) ÷ 2
It shows the relationship between the net credit sales and average accounts receivable
Answer: The amount of sales required to realize an operating income of $200 000 is a. 10,769 units.
Explanation: We can solve it with a simple equation:
200 000 = 240x - 1 200 000 - 110x
200 000 + 1 200 000 = 240x - 110x
1 400 000 = 130x
1 400 000 / 130 = x
10769, 23077 = x
We check: 240 . 10769,23077 - 1 200 000 - 110 . 10769,23077 = 200000 √