Answer:
1. $1,700,000
2. $250,000
3. $1,450,000
Explanation:
Given that,
Depletion for each ton of ore mined = $2
Ore mined during 2016 = 850,000 tons
Ore sold during 2016 = 725,000 tons
1. Accumulated depletion:
= Ore mined during 2016 × Depletion for each ton of ore mined
= 850,000 tons × $2
= $1,700,000
2. Inventory:
= (Ore mined during 2016 - Ore sold during 2016) × Depletion for each ton of ore mined
= (850,000 tons - 725,000 tons) × $2
= 125,000 tons × $2
= $250,000
3. Cost of goods sold:
= Ore sold during 2016 × Depletion for each ton of ore mined
= 725,000 tons × $2
= $1,450,000
Answer:
Marginal Revenue Product=150
Marginal Resource Cost= 100
Explanation:
Marginal revenue product (MRP) is the change in total revenue that results from a unit change of some type of variable input.
Marginal Revenue Product= Revenue Change
/Additional Input
Marginal resource cost (MRC) is the change in total cost that results from a unit change of some type of variable input.
Marginal Resource Cost= Cost Change
/Additional Input
In this situation we must calculate the change of revenues (MRP) and cost (MRC) when we add a new vehicle.
We are increasing our delivery fleet in 1 unit
First calculate the change in total revenue
Total revenue= 1,500 packages * $0.10 in revenue=150
Marginal Revenue Product=$150/1=150
The Cost change is $100,
so Marginal Resource Cost= $100/1=100
Answer:
The cost of the machine will be $85,358.88
Explanation:
To calculate the present value of the machine is given by:
Present value=$16000*Present value of annuity factor(10%,8)
=$16000*5.33493
= $85,358.88
Answer:
b) The average cost must be rising.
Explanation:
Assuming that the entity produce 4 units and its total cost is $16 so average cost per unit is $4 and now the same entity has produced the 5th unit at $5 so the average cost now per unit is (16+5)/5=$4.2
So based on the above discussion, it can be concluded that average cost increase when the marginal cost of production is increased.
So the answer is b) The average cost must be rising.
Answer:
<em>Consider the assets (in millions) of two banks, A and B. Both banks are funded by $120 million in deposits and $20 million in equity. Which bank has the stronger liquidity position? Which bank probably has a higher profit?</em>
<em>Consider the assets (in millions) of two banks, A and B. Both banks are funded by $120 million in deposits and $20 million in equity. Which bank has the stronger liquidity position? Which bank probably has a higher profit?Bank A Asset</em>
<em>Consider the assets (in millions) of two banks, A and B. Both banks are funded by $120 million in deposits and $20 million in equity. Which bank has the stronger liquidity position? Which bank probably has a higher profit?Bank A AssetBank B Assets</em>
Explanation:
<em>Liquid assets are those assets which get converted immediately into cash, when the company need some cash in hand, they can sell the liquid assets in the market and get cash in hand. As they can sell their various securities to fulfill the need of cash.</em>
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