Answer:
D) the ratio of MPP to factor price will be the same for all factors
Explanation:
The ratio of marginal physical product (MPP) is calculated by dividing the change in total physical output by change in variable input.
In order to minimize costs, producers must combine factors so that the ratio of MPP to factor price will be the same for all factors. This way the amount of physical product produced with require the constant additions of factors of production, in other words, the marginal cost remains constant.
Answer and Explanation:
For preparing the retained earning statement first we have to determine the net income or net loss which is shown below:
= Service revenue - supplies expense - Maintenance and repairs expense - advertising expense - utilities expense - salaries and wages expense
= $7,800 - $1,100 - $690 - $400 - $210 - $1,500
= $3,900
Now the preparation of the retained earning statement is presented below:
Crane Company
Retained Earnings Statement
For the month of June
Beginning balance $ -
Add: Net income $3,900
Less: Dividends ($1,521)
Ending balance $2,379
Answer:
Roman philosopher Seneca once said, “Luck is what happens when preparation meets opportunity.”
Explanation:
Answer:
ROI = Net operating income x 100
Average operating assets
ROI = $1,924,320 x 100
$6,000,000
ROI = 32.1%
The correct answer is C
Explanation:
ROI is the ratio of net operating income to average operating assets multiplied by 100.
The coordinates of point M after the partition is (2, 3.25).
<h3>
What are coordinates and how to determine coordinates?</h3>
- A coordinate system in geometry is a system that uses one or more integers, or coordinates, to define the position of points or other geometric components on a manifold such as Euclidean space.
We have:
- Endpoints = (-1,1) and (7,7)
- Ratio, m : n = 3 : 5
The coordinates of point M is then calculated using:
So, we have:
Evaluate the sum and the product:
Evaluate the product:
The coordinates of point M is (2, 3.25)
Therefore, the coordinates of point M after the partition is (2, 3.25).
Know more about coordinates here:
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