Answer:
The correct answer is A.
Explanation:
Giving the following information:
Mcmurtry Corporation sells a product for $110 per unit. The product's current sales are 12,200 units and its break-even sales are 10,614 units.
<u>The margin of safety is the number of units or amount of dollars that provide genuine profit to the company. It is the "margin" that gives room to try new strategies</u>.
It is calculated using the following formula:
Margin of safety ratio= (current sales level - break-even point)/current sales level
Margin of safety ratio= (12,200 - 10,614) / 12,200
Margin of safety ratio= 0.13=13%
Answer: C. marginal product of the last worker hired is less than the marginal product of the previous worker hired
This statement is correct because marginal product refers to the increase in the production, when 1 worker is added to the production process. Diminishing marginal returns set in when adding one extra worker increases the production less than the previous worker did.
Explanation:
Answer: See explanation
Explanation:
a. The amount of depreciation for 2017 using financial accounting straight-line depreciation will be:
= $39000 × 8months/5 years
= $39000 × 8months / 60months
= $39000 × 8/60
= $5200
b. The amount of depreciation for 2017 using the straight-line depreciation election will be:
= $39000 × 10%
= $39000 × 0.1
= $3900
c. The amount of depreciation for 2017, including bonus depreciation but no election to expense, that Mike could deduct using the MACRS tables will be:
= ($39000/2) + $3900
= $19500 + $3900
= $23400
d. If there is no income limit on the expense election, the amount of depreciation for 2017 including bonus depreciation and the election to expense that Mike can deduct will be:
= $25000 + $7000 + $1400
= $33400
Answer:
The correct answer is letter "A": utilitarianism.
Explanation:
Utilitarianism is a term used in philosophy, economics, and law. It is a moral concept that explains that individuals are constantly looking for maximizing pleasure while avoiding any kind of harm. <em>This theory states is based on the belief that the greatest should be given for the greatest amount of people.</em>
British Economist John Stuart Mill (1806-1873) is one of the most relevant characters who promoted that idea.
