A temporary association organized to perform a specific task requiring a large amount of capital is known as a(n)

Item 6Item 6 Suppose that the firm's only variable input is labor. When 50 workers are used, the average product of labor is 50

Kipish [7]

Answer:

$1.07

Explanation:

The marginal cost measures the change in total cost of adding on more worker divided by the change in product for this additional worker (marginal product of labor). When adding one more worker, costs will increase by $80 (wage rate), while product will increase by 75. Therefore, the marginal cost is:

$MC=\frac{80}{75}\\MC=\$1.07$

The marginal cost is $1.07.

3 0

4 years ago

Lamont Communications has amortized a patent on a straight-line basis since it was acquired in 2010 at a cost of $50 million. Du

Fittoniya [83]

Answer:

C) Patent amortization expense of $5 million.

Explanation:

Patent acquisition date is 2010

Cost of acquisition = $50 million

Initial Useful life = 20 years

Annual amortization = $50,000,000/20

= $2,500,000

Between 2010 and start of 2013 is 3 years

Carrying value at the start of 2013

= 50,000,000 - 3(2,500,000)

= $42,500,000

If patent would be received over a total period of 8 years rather than the 20-year legal life being used to amortize the cost,

Patent amortization expense in 2013 = $42,500,000/8

= $5,312,500

This can be estimated as $5 million.

The right option is C) Patent amortization expense of $5 million.

6 0

4 years ago

Kurtz Fencing Inc. uses a job order cost system. The following data summarize the operations related to production for March, th

dimulka [17.4K]

Answer:

The solution is shown in the file attached below

Explanation:

Download docx

8 0

4 years ago

To motivate employees to perform better, the human resources department of Martianse, a chain of retail apparel stores, replaced

Lynna [10]

Answer:

- Behavioural Substitution

Explanation:

Martianse human resources department uses and deploy the concept of Behavioural Substitution.

To begin, Martianse goal, as a firm, is to motivate the employees to perform better. Hence, the human resources department has come up with measures to achieve that. It is thus believed that replacing the fixed incentive system hitherto known with the firm, should be replaced by a performance based system. By this, the firm believes its primary goal will be accelerated.

Behavioural Substitution is thus the concept that the human resources department has displayed in their analysis and engagement. For one, behavioural substitution is simply the procedures aimed at replacing and/or supplanting efforts and actions that does not lead to goal accomplishments. By general belief, the old style of reward system used by Martianse has been seen as one not leading to goal actualization. Hence, it is important to substitute this non productive reward system with one established to elicit more better and improved performance from the workforce.

7 0

4 years ago

Company XYY has recently won several bids and is now discussing how to structure the staff so that every contract can be success

SSSSS [86.1K]

Answer:

Two structures that the company can use:

Functional structure: this is the most common type of organizational structure, and it might be the one that company XYY already uses.

In this structure, the firm is divided among departments that have a specific role, or function.

The most basic division would include a production department, a marketing department, a finance or accounting department, and a marketing department.

Flatarchy: a term that is a combination of the word "flat", and the word "hierarchy", it simply means "flat hierarchy".

This innovative organizational structure does not really promote a specific hiearchy or division, and instead, all employees work closely together for a common goal, in a attempt at building a more colaborative and holistic approach.

4 0

3 years ago

Read 2 more answers