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Answer:
$1,565
Explanation:
Interest expense = Interest payment + Amortization expense
also,
Interest payment = 22,000 × 14% × [ 6 ÷ 12 ] [∵ 6 ÷ 12 ; since payment are semiannual ]
Thus,
Interest payment = $1,540
and,
Amortization expense = [22,000 - 21,700 ] ÷ [6 × 2]
= $25
Therefore,
Interest expense = $1,540 + $25
= $1,565
Answer:
Option d: Production function describes the maximum output that can be achieved with any given combination of inputs. An isoquant identifies all of the different combinations of inputs that can be used to produce one particular level of output.
Explanation:
Factors of Production
They includes Inputs in the production process (labor, capital, materials)
Production Function
This simply is that function that is displaying or showing highest output firm can produce. It depicts what technically feasible is and when firm operates efficiently.
Isoquant
This is simply refered to as a curve tbat depicts or shows all possible efficient combinations of input that are very able to produce a certain quantity of output. It usually a downward sloping and convex and it can never slope upward. This shows also that adding more inputs keeps output constant.
Isoquant Map
This is simply a graph showing a combination of a number of isoquants, used to describe a production function.
The given statement " The Benchmark Prediction estimates unit sales assuming your product competes with a standardized, mediocre playing field. It does not use your actual competitors products. It is useful for experimenting with price, promo and sales budgets. It is useless for forecasting " is TRUE.
Explanation:
The Benchmark Prediction predicts unit sales if your company is in competition with a normal mediocre sector. It doesn't use the goods of your current competitors. This is useful for testing the budgets for prices, promotions and sales. For analysis, it is unnecessary.
Benchmark prediction somehow provides you with the idea whether decisions are good or not. Any choices in R&D and the benchmark prediction go down and make bad choices if they go up and go well for you.
A clear expression of a firm's Organizational purpose will detail why an organization exists, what problems it wishes to solve, and who it wants to be to every person it touches through its work.
<h3>What is a firms organizational purpose?</h3>
This is a terminology that is used to refer to the objectives of the firm as well as the goals and what it hopes to achieve.
It helps to highlight the problems in the society that it wishes to solve and all of its goals.
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