Answer:
Explanation:
Since the fair value of the division is less than the carrying value of the division so the loss on impairment is recorded
The journal entry to record the impairment of the goodwill is shown below:
Loss on impairment A/c Dr $30,000
To Goodwill A/c $30,000
(Being loss on impairment is recorded)
The computation is shown below:
= Carrying value - fair value
= $300,000 - $270,000
= $30,000
Answer:
True
Explanation:
The production function is getting flatter since the marginal productivity of the 13th worker is lower than the marginal productivity of the 12th worker, e.g. the 12th worker produced 10 units per hour, the 13th worker only produces 9 units per hour.
The total cost curve will get steeper because the total cost of producing more goods will increase due to the lower marginal productivity of the 13th worker, e.g. since both workers earn $10 per hour, the units produced by the 12th worker will have a direct labor cost of $1 per unit, while the units produced by the 13th worker will have a direct labor cost of $1.11 per unit.
Answer:
For example if you add 500 dollars to your bank account this year by next year it’s gonna become $1000.so that means when you invest more you get the double of what you invested in a particular period of time.
Answer:
Market price = $2, profit = $0
Product differentiation
Increase profit
Explanation:
The market price will be $2, since the two firms will compete against each other, then the ori e falls to the marginal cost of $2
Product differentiation refers to the distinction made in a market whereby mostly similar products are produced. The variation or distinction made by different producers is usually used to influence consumer decision. The inscription of iguana made on the chest of iz and odd's t-shirt brand is to differentiate its product from that of Ralph and Lauren.
The Economic reason which could have likely sparked iz and odd's decision to put Iguana on its t-shirt brand is to give consumers something a bit more different from their usual design, thereby enticing more customers and ultimately increase profit.
Answer:
Q1 Q2 Q3 Q4
<u>labor hours 1,900 2,000 2,200 1,800 </u>
variable 5,700 6,000 6,600 5,400
fixed <u> 31,500 31,500 31,500 31,500 </u>
<em> total 37,200 37,500 38,100 36,900 </em>
Explanation:
materials 1
labor 1.25
maintenance 0.25
utilities <u> 0.50 </u>
total variable 3
supervisor 17,000
maintenance 5,000
property taxes 6,000
depreciation <u> 3,500 </u>
total fixed 31,500
<em></em>
<em>We add up the variable cost per labor hour</em>
Then, we add up the fixed cost and solve for the total budget for each quarter
<em></em>
<em>NOTE:</em> missing information attache
