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2 years ago

Why is it important to track your income and your expenses?

Business

1 answer:

Misha Larkins [42]2 years ago

6 0

Answer:

1. because knowing whether you can afford your lifestyle or not is the first goal of financial literacy

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Diminishing marginal product suggests that the marginal A. cost of an extra worker is unchanged. B. cost of an extra worker is l

MArishka [77]

Answer:

The correct answer is letter "D": product of an extra worker is less than the previous worker's marginal product.

Explanation:

The Law of Diminishing Marginal Productivity indicates that increasing one variable while holding others the same can initially increase output but eventually adding more of that variable results in lower return rates. This law helps explain that it is not always the best way to increase income by increasing production.

<em>Initially, companies recruiting additional workers would boost production until too few machines or not enough space is sufficient to accommodate everyone. Then, the production rate will decrease.</em>

7 0

2 years ago

Calculate the EBIT for a firm with $4 million total revenues, $3.5 million cost of goods sold, $500,000 depreciation expense, an

Vitek1552 [10]

Answer:

Explanation:

Given that,

Total revenues = $4,000,000

Cost of goods sold = $3,500,000

Depreciation expense = $500,000

Interest expense = $120,000

Earnings before interest and taxes (EBIT):

= Total revenues - Cost of goods sold - Depreciation expense

= $4,000,000 - $3,500,000 - $500,000

= $0

Therefore, the EBIT for a firm is $0.

8 0

2 years ago

A group of customers is drinking alcohol in your business and one of them has been identified as the designated driver. As a ser

NemiM [27]

Cut of alcohol

Explanation:

If they drink mre they are likely to becom drunk and migjt get into an accident

4 0

3 years ago

Read 2 more answers

The Dawson Company manufactures small lamps and desk lamps. The following shows the activities per product and the total overhea

Nadusha1986 [10]

Answer:

235,000 total overhead

Explanation:

First we calculate the rate for activity

$\left[\begin{array}{cccc}&Cost&Pool&Rate\\Setups&60,000&24,000&2.5\\Inspections&120,000&24,000&5\\Assembly&280,000&28,000&10\\\end{array}\right]$

Next, we apply this rate to desk lamp

$\left[\begin{array}{cccc}&Rate&Desk&Overhead\\Setups&2.5&16,000&40,000\\Inspections&5&15,000&75,000\\Assembly&10&12,000&120,000\\\end{array}\right]$

Total Overhead will be the sum of each activity overhead

40,000.00 + 75,000.00 + 120,000.00 = 235,000 total overhead

3 0

2 years ago

The present value of an annuity falls when interest rates rise

svetoff [14.1K]

That is true, if you raise the rate then the present value falls.Of course, the present value will fall assuming the existence of positive cash flows. This annuity present value is divided into four pieces which are: the present value (PV), the periodic cash flow (C), the discount rate (r), and the number of payments, or the life of the annuity, (T).

5 0

3 years ago