Instead of reporting the $80,000 as revenue, how else might you report this amount?

Answers

Answer 1

Answer: Unearned Revenue

Explanation:

The $80,000 should be recorded as Unearned Revenue because under the Accrual Principle of Accounting, revenue should only be recognized when the services that were paid for her been given.

If the services have not been given and revenue is accrued, the company should not recognize this as revenue but rather as Unearned revenue. They will only recognize it when they have delivered the rent service. Until then, the unearned revenue will be considered a liability.

Instead Of Reporting The $80,000 As Revenue, How Else Might You Report This Amount?

Related Questions

The entity that collects economic data at a regional level is the:___________

Answers

Answer:

the World Bank

Explanation:

The World Bank is an international financial institution that monitors the financial activities of most countries. Regional economic data collection is done by means of a World Bank initiative called the International Comparison Program.

An example of this economic data collected is the gross domestic product (GDP) of the regions.  

McCann Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $ 850 2 1,190 3 1,450 4 1,600 a. If the discount rate is 7 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the present value at 16 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the present value at 30 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

Answer:

B

Explanation:

just answered it that one

"A customer is long 1,000 shares of ABCD stock. It is now September and the customer is worried that the price of ABCD may decline, but does not want to sell the stock until the end of this year. She is very cost-conscious and wants a strategy to protect the stock from a falling market at minimal cost. You should recommend that she:"

Answers

Answer:

She should Hedge her stock position by buying 10 ABC Dec puts and sell 10 ABC Dec calls

Explanation:

In order to protect her long position on the stock from a falling market at minimal cost i would recommend she should  buy 10 ABC Dec puts and sell 10 ABC Dec calls i.e hedging her long position on the stock

This way she will protect her self against the falling market that she is worried about

Ashley has a large and growing collection of animated movies. She wants to replace her old television with a new LCD model, so she has started saving for it. At the end of each year, she deposits $1,620 in her bank account, which pays her 10% interest annually. Ashley wants to keep saving for two years and then buy the newest LCD model that is available. Ashley’s savings are an example of an annuity. How much money will Ashley have to buy a new LCD TV at the end of two years?

Answers

Answer:

$3,402

Explanation:

We are to calculate the future value of the annuity

The formula for calculating future value = A x (B / r)

B = [(1 + r)^n] - 1

R = interest rate

N = number of years

(1.10)² - 1 = 0.21

$1,620 x( 0.21 / 0.1) = $3,402

What is true of demand for a good that has many available substitutes?

Answers

Answer:

Demand for the good is relatively elastic

Explanation:

Substitute goods are goods that can be used in place of one another.

For example, there are different brands of jeans. These different brands serve the same purpose and be used interchangeably.

Goods with many substitutes usually have a relatively elastic demand.

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

The more elastic a good is, the more demand is sensitive to price changes

If the price of a good increases and it has many substitutes, consumers can easily shift to consuming a cheaper substitute

Which of the following statements about a company’s strategy is true? Multiple Choice Crafting an excellent strategy is more important than executing it well. A company’s strategy deals with whether the revenue-cost-profit economics of its business model demonstrate the viability of the business enterprise as a whole. Strategy at its essence is about competing differently—doing what rival firms do not do or cannot do. Masterful strategies come partly (maybe mostly) by doing things in much the same way as the industry leader but then being better than the leader in one particular area that counts heavily with buyers. Whether a company’s strategy is ethical or not does not matter much because most customers and most suppliers are relatively unconcerned with whether a company they do business with engages in sleazy practices or turns a blind eye to below-board behavior on the part of its employees.

Answers

Answer:

A company’s strategy deals with whether the revenue-cost-profit economics of its business model demonstrate the viability of the business enterprise as a whole.

Explanation:

A company strategy is a business term that describes the view and set out paths into the future arrangement of a company, which focuses on the company's overall purposes, mission, and vision while considering the commodities to be produced, customers to serve, and the market to explore at large.

Hence, in this case, the statement about the company’s strategy that is true is "A company’s strategy deals with whether the revenue-cost-profit economics of its business model demonstrate the viability of the business enterprise as a whole."

Your sister turned 35 today, and she is planning to save $7,000 per year for retirement, with the first deposit to be made one year from today. She will invest in a mutual fund that's expected to provide a return of 7.5% per year. She plans to retire 30 years from today, when she turns 65, and she expects to live for 25 years after retirement, to age 90. Under these assumptions, how much can she spend each year after she retires? Her first withdrawal will be made at the end of her first retirement year.

Answers

Answer:

$70,998.73

Explanation:

we must first determine the future value of her contributions using the future value of an annuity formula:

future value = contribution x annuity factor

contribution = $7,000

FV annuity factor, 7.5%, 30 periods = 103.3994

future value = $7,000 x 103.3994 = $723,795.80

in order to determine the distribution amount per year, we can use the present value of an annuity formula:

present value = distribution x annuity factor

present value = $723,795.80PV annuity factor, 7.5%, 20 periods = 10.19449

$723,795.80 = distribution x 10.19449

distribution = $723,795.80 / 10.19449 = $70,998.73

Francis Real Estate Company has the following account balances at December 31, the end of its fiscal year. Debit Credit Commissions Earned....... $84,900 Wages Expense....... $36,000 Insurance Expense....... 1,900 Utilities Expense....... 8,200 Depreciation Expense....... 9,800 Retained Earnings....... 72,100 Assume that the company has not yet closed any accounts to retained earnings. Prepare journal entries to close the temporary accounts above. After these entries are posted, what is the balance of the Retained Earnings account

Answers

Answer:

Dr Commissions earned 84,900

    Cr Income summary 84,900

Dr Income summary 55,900

    Cr Wages Expense 36,000

    Cr Insurance Expense 1,900

    Cr Utilities Expense 8,200

    Cr Depreciation Expense 9,800

Dr Income summary 29,000

    Cr Retained earnings 29,000

The balance of the retained earnings account is $101,100 after all temporary accounts have been closed.

the following factors affect the labor market except

Government actions

social change

population shifts

teamwork ​

Answers

From the provided factors, the factor that doesn't affect the labor market is the teamwork.

Option D is correct.

What is a market?

Market is referring to a place from where the consumers acquire the goods and services in order to fulfill his/her wants and needs. It is affected by demand and supply of products being offered to them.

A market is regarded as a labor market when it includes the individuals, employees, business entities and the households. It also affects by various factors such as, actions taken by the government authorities like increase in taxes, change in policies, etc.; the changes in society like variations in cultures, traditions, beliefs, etc. due to influence of foreign countries and the shift of population like increase in births, decrease in deaths and vice versa.

Therefore, the teamwork is not the factor affecting the labor market in any sense.

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Answer:

D. Teamwork took the test on edgenunity

Explanation:

Go Fly A Kite is considering making and selling custom kites in two sizes. The small kites would be priced at $12.70 and the large kites would be $25.70. The variable cost per unit is $6.15 and $13.30, respectively. Jill, the owner, feels that she can sell 3,700 of the small kites and 2,030 of the large kites each year. The fixed costs would be $2,120 a year and the depreciation expense is $2,000. The tax rate is 35 percent. What is the annual operating cash flow

Answers

Answer:

the annual operating cash flow is $31,437.

Explanation:

The Annual Operating Cash flow is calculated as follows :

Revenues :

Small kites (3,700 × $12.70)                                    $46,990

Large kite (2,030 × $25.70)                                      $52,171

Total Revenue                                                                                $99,161

Less Variable Expenses :

Small kites (3,700 × $6.15)                                     ($22,755)

Large kite (2,030 × $13.30)                                    ($26,999)   ($49,754)

Less Fixed Expenses                                                                   ($2,120)

Less depreciation expense                                                        ($2,000)

Operating Income before tax                                                     $45,287

Less Income tax expense ($45,287 × 35%)                              ($15,850)

Operating Income After tax                                                        $29,437

Add Back Depreciation Expense                                                 $2,000

Operating Cash flow                                                                    $31,437

Financial and Managerial accounting are similar in that both A. primarily emphasize future operating results and goals. B. are regulated by outside regulatory agencies and commissions. C. are designed to meet the needs of managers. D. provide information primarily to external users. E. use information provided by the internal accounting system.

Answers

Answer:

The answer is E.

Explanation:

Financial accounting is the process of recording, summarizing, and analysis financial data/transactions

Managerial (management) accounting is the process of making financial information available for management to make decisions or for advice.

Both financial accounting and management (managerial) accounting make use of information provided by the internal accounting system.

The financial and management accounting are similar because they use the information provided by the internal accounting system.

A financial accounting means the process of recording, summarizing and analysis financial transactions for different purpose.

A Managerial accounting means the process of making financial information available for management to make decisions or for advice.

Hence, the financial and management accounting are similar because they use the information provided by the internal accounting system.

Therefore, the Option E is correct.

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Using the the cash flow statement shown below: Changes in operating assets and liabilities: Accounts and notes receivable 15.2 (0.7) 61.8Inventories 93.6 46.8 212.8Other current assets (8.7) 5.3 2.5 Accounts payable, accrued expenses, income taxes payable and other 165.0 31.3 193.0How did inventory change during the most recent year? a. Inventory increased by 505 b. Inventory increased by 395 (505-900) c. Cannot be determined from the information provided d. Inventory decreased by 505

Answers

Answer: Inventory decreased by 93.6

Explanation:

When working with the Cash-flow statement, only increases (decreases) in inventory are subtracted (added) are added to the Cash balance and not the entire inventory amount.

The logic is that, if inventories increased then it means that the company spent cash on increasing inventory which would reduce the cash balance. The reverse is true.

If in the cash flow statement therefore, inventory is added to the cash balance instead of subtracted, it means that inventory decreased by the amount it is being added by.

The cashflow statement here shows an inventory addition of $93.6 so Inventory decreased by $93.6.

bob katz and sally mander are a married couple with four children. total wages for 2018 equaled $102,400. stock which had been purchased nine months earlier was sold for a $5,200 gain and stock held for three years was sold for a $13,000 gain. interest income from savings was $100. itemized deductions totaled $29,500. bob and sally qualify for a $1,500 tax credit. what is bob's and sally's taxable income

Answers

Answer:

Bob Katz and Sally Mander

Taxable Income for 2018:

= $78,200

Explanation:

a) Data and Calculations:

Total wages =                  $102,400

Gain from sale of stock =     5,200

Interest income =                      100

Total income =                 $107,700

less total deductions =     (29,500)

Taxable Income =            $78,200

b) Bob Katz and Sally Mander will have taxable income of $78,200 when the appropriate rate of tax is applied and the tax liability obtained, then the $1,500 tax credit will be deducted before arriving at the tax liability due.  

c) The short-term capital gain of $5,200 is taxed as ordinary income.  Since it is held for less than a year, it will be included in the taxable income for that year and it follows the same tax brackets as ordinary income.  On the other hand, the long-term capital gain of  $13,000 will attract a tax rate of 0 percent for a taxable income of $78,200.  Otherwise, it will attract a tax rate of 15 percent or 20 percent, depending on income level. This means that long-term capital gains tax rates are much lower than the ordinary income tax rate.

A customer got serious food poisoning from Chix Now restaurant on April 30, 20x2, necessitating a trip to the emergency room. On May 6, 20x2, the customer initiated a lawsuit. At December 31, 20x2, Chix Now estimated its probable loss to be $100,000. In January 20x3, before issuance of Chix Now's financial statements, a judge ruled in favor of the customer and awarded the customer $120,000 in damages. Must the company recognize the effects of this ruling in its 20x2 financial statements

Answers

Answer:

Yes the company must recognise the effects of this ruling.

Explanation:

As provided the law suit was initiated in the year 20x2, because of the activity happened in April 20x2.

Accordingly, company was already prepared for a liability of $100,000.

Whenever an event that occurs after the balance sheet is a mere confirmation to what was expected on balance sheet date, or is in alignment with things on record on the balance sheet date, it shall be provided in the balance sheet of that year.

In the given case the law suit was pending on the balance sheet date and was recorded as a liability then, now after the declaration by the judge, the additional liability of $20,000 shall be provided in the financial books of year 20x2.

Which of the following statements is true of a deliberate strategy? a. It is implemented as a result of careful analysis of markets, customers, competitors, and a firm's resources and capabilities. b. It develops when leaders recognize and act on unexpected opportunities that occur through serendipity. c. It involves decisions on how to effectively implement the business unit strategy within functional areas. d. It focuses on decisions about how to motivate employees to perform their work efficiently.

Answers

Answer:

a. It is implemented as a result of careful analysis of markets, customers, competitors, and a firm's resources and capabilities.

Explanation:

Deliberate strategy refers to a formal palnning in which the vision is there that should be to used for creating a strategy in order to show the benefits that act deliberately.

Here the concept i.e. plan and think before you say or act should be applied

It does not mean that it is totally blind for anticipated developments and events that could occur in the future

Therefore in the given case, the option A is correct

During 20X1, X Company manufactured equipment for its own use at a total cost of $2,400,000. The project required the entire year to complete and all costs were incurred uniformly throughout the year. At the beginning of the period, X was able to borrow $1,500,000 at 6% specifically for the purchase of materials and the manufacture of the equipment. The entire debt, with interest was repaid on December 31, 20X1, replaced with a long-term loan. Throughout 20X1, X Company had additional debt of $1,000,000 with a weighted average interest rate of 7%. If X Company capitalizes to the equipment the maximum amount of interest allowable under GAAP, how much will X report as interest expense in 20X1

Answers

Answer:

$88,000

Explanation:

The company's total interest expense for the year = ($1,500,000 x 6%) + ($1,000,000 x 7%) = $90,000 + $70,000 = $160,000

The company can capitalize the weighted average expenses times the interest rate of the specific loan for this project. Since the costs were paid uniformly during the year, the weighted average costs = $2,400,000 / 2 = $1,200,000. It can capitalize interests for up to $1,200,000 x 6% = $72,000.

Total interests - capitalized interests = $160,000 - $72,000 = $88,000

The firm's findings are best described as the

Answers

Answer:

Internet divide

The advantages of being an entrepreneur are _____. a. excitement, independence, and financial risk b. flexibility, independence, and salary potential c. short working hours, independence, and financial risk d. administration, short working hours, and excitement Please select the best answer from the choices provided A B C D

Answers

Answer:

the answer would be B

Explanation:

I took the test don't worry!

The correct option is B. The advantages of being an entrepreneur are flexibility, independence, and salary potential. Time flexibility is the ability to create your timetable and organize your days with some liberty and freedom. You'll work more and less some days than others, and having a business plan that supports this will make you a happy business owner.

What role does play entrepreneurship in economic development?

Economic Growth is Accelerated by Entrepreneurship They encourage new employment by developing new goods and services, which eventually accelerates economic growth. Therefore, public policy that promotes entrepreneurship should be seen as crucial for economic progress.

Successful businesspeople are aware of how quickly their industry and the world around them change. They must adjust their strategy and offers to take into account shifting market conditions while maintaining their emphasis on the long term. The primary traits of an independent entrepreneur are the desire to make a profit, the financial risks, the scope and generality of the commercial activity, notoriety, independence, and the possibility of losing the capital invested.

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A consumer products company reported a 5.4 percent increase in sales from Year 1 to Year 2. Sales in Year 1 were $30,400. In Year 2, the company reported cost of goods sold in the amount of $10,407. What was the gross profit percentage in Year 2? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).)

Answers

Answer:

The gross profit percentage in Year 2 is:

67.52%

Explanation:

a) Data and Calculations:

                                      Year 1       Year 2

Sales                          $30,400    $32,042

Cost of goods sold                         10,407

Gross profit                                  $21,635

b) Sales increased by 5.4% from year 1 to year 2 = $32,042 ($30,400 * 1.054)

c) Gross profit percentage for Year 2 = Gross profit/Sales * 100

= $21,635/$32,042 * 100

= 0.6752

= 67.52%

d) The gross profit percentage is also known as the gross margin percentage.  It is expressed as the gross profit divided by sales, and then multiplied by 100.  This ratio shows the percentage of sales value that is not consumed as part of the cost of goods sold.  The gross profit is the first profit point.  It is from this profit that period costs are deducted before arriving at the net income.

A​ 20% increase in sales causes EPS to rise from​ $4.00 to​$6.50. Assuming the firm has no​ debt, what is its degree of operating leverage​ (DOL)?
A. 3.13 B. 2.25 C. 1.50 D. 1.57 E. 1.00

Answers

Answer:

A

Explanation:

DOL =  Percentage change in EBIT / percentage change in sales

EPS = {(EBIT - Interest) × (1 - T) } / Shares

The firm has no debt, so interest would be zero

EPS = EBIT × (1 - T) / Shares.

Tax rate and number of outstanding shares remain unchanged.

Percentage Change in EPS = EBIT.

Percentage Change in EPS = (6.5 / 4) - 1 = 0.625 = 62.5%

EBIT = 62.5%

Percentage change in sales= 20%

DOL =  62.5% / 20% =  3.13

Suppose that an economy consists of only two individuals. Trevor has $1070 available to spend on goods. He decides to purchase $450 worth of produce from Charlotte in the current year. No other economic activity takes place during the current year. Using this information, answer the questions. For the current year, what is the economy's income

Answers

Answer:

The question option are:

1. For the current quarter what is the economy's income?

2. For the current quarter, what is the economy's expenditure?

3. In an economy, how are income and expenditure related?

1. The economy's income for the current year is $450 because there is only one transaction that take place in the year worth of $450

2. The economy's expenditure of the current year is $450 because each transaction has two side. One is the Income, the other is Expenditure. The income is converted to expenditure.

3. In an economy, income and expenditure are related and they are equal. Each transaction has two side. One is the Income, the other is Expenditure. The income is converted to expenditure.

Which of the following would represent the fastest annual growth?
a) An increase in real GDP per capita of 3%
b) An increase in real GDP of 6% and population growth of 4%
c) An increase in real GDP of 2% and population decline of 1%
d) An increase in real GDP of 5% and population growth of 1%

Answers

I think the answer to this question will be C

The option that represents the fastest annual growth is an increase in real GDP of 5% and population growth of 1%

Gross domestic product is the total quantity of final products that a country produces in a given period.  

The equation that can be used to determine the value of gross domestic product using the expenditure approach : consumption spending + investment spending + government spending + net export

There are two types of gross domestic product:

Real GDP: it is the value of GDP adjusted for inflation. Nominal GDP: it is the value of GDP calculated using current year prices. It has not been adjusted for inflation.

Real GDP per capita is calculated by dividing real GDP growth by population growth

Real GDP per capita = increase in real GDP / population growth

The option with the fastest annual growth is the option with the highest real GDP per capita

a. real GDP per capita = 3%

b. real GDP per capita = 6% / 4% = 1.5%

c. real GDP per capita = 2% / 1% = 2%

d. real GDP per capita = 5% / 1% = 5%

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Read the scenario, and answer the question. You need to display the placement of three new function keys on a cell phone prototype. What should you use to illustrate the data?
a. An illustration
b. An organizational chart
c. Maps

Answers

Answer:

my answer would be a because c doesn't make any sense

Alexis Company was started in Year 1. At the end of Year 1 the Company had the following accounting equation.Assets = Liabilities + Stockholders' EquityCash + Land = Notes Payable + Common Stock + Retained Earnings600 + 2,200 = 1,000 + 1,400 + 400During Year 2, the company experienced the following accounting events.Paid off $500 of its note payableEarned $700 of cash revenue.Paid $400 of cash expenses.Paid a $100 cash dividend.Based on this information alone, what percent of the company's assets at the end of Year 2 were provided by earnings?

Answers

Answer:

Company's assets at the end of Year 2 were provided by creditors = 20%

Explanation:

Calculation of Cash at the end of Year 2

Cash balance at the end of Year 1     $600

Less: Paid off to notes payable          ($500)

Add: Earned cash revenue                 $700

Less: Paid cash expenses                   ($400)

Less: Paid cash dividend                     ($100)

Cash balance at the end of Year 2    $300

Notes payable at the end of Year 2 = Beginning balance - Paid off

= $1,000 - $500

= $500

Calculation of Notes Payable at the end of Year 2

Notes Payable at the end of Year 1     $1000

Less: Paid off to notes payable            ($500)

Notes Payable at the end of Year 2 $500

Total assets at the end of Year 2 = Cash + Land

= $300+2200

= $2500

Creditors at the end of the Year 2 (Notes payable) = $500

Company's assets at the end of Year 2 were provided by creditors = Creditors * 100 / Total assets

= $500 * 100 / $2500

= 20%

The percentage of the company's assets at the end of Year 2 that were provided by earnings is 20%

Computation of cash at the end of year 2

Cash balance at the end of Year 1      $600

Less:

Paid off to notes payable                    ($500)

Add:

Earned cash revenue                          $700

Less:

Paid cash expenses                            ($400)

Paid cash dividend                              ($100)

Cash balance at the end of Year 2    $300

Notes payable at the end of Year 2

= Beginning balance - Paid off

= $1,000 - $500

= $500

Calculation of Notes Payable at the end of Year 2

Notes Payable at the end of Year 1     $1000

Less: Paid off to notes payable            ($500)

Notes Payable at the end of Year 2     $500

Total assets at the end of Year 2

= Cash + Land

= $300+2200

= $2500

Creditors at the end of the Year 2 (Notes payable)

= $500

Company's assets at the end of Year 2 were provided by creditors

= Creditors * 100 / Total assets

= $500 * 100 / $2500

= 20%

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Used office supplies of $4,940. The Office Supplies unadjusted balance on December 31 is $9,200. Adjustment Type: Supplies Expense Office Supplies A T is drawn. The vertical line divides the account into its left and right sides. The left side of the T-account is called the debit side and the right side is called the credit side. The account name is at the top, above the horizontal line.

Answers

Answer:

Deferrals / Prepaid  

              Supplies Expense

Date        Debit        Credit      Date

31-Dec    $4,940

Balance $4,940

                 Office Supplies

Date        Debit        Credit      Date

31-Dec    $9,200      $4,940    31-Dec

Balance  $4,260

In this particular example, the optimal two-part tariff is a per-unit price of $1 and a fixed fee of $29. But notice that with this pricing structure, the Low-type consumer will not purchase any units of the product! Why was it optimal for the firm to set a pricing structure that intentionally shut the low-type consumer out of the market

Answers

Answer:

The seller sets such high prices to increase his revenue. If he sets lower price, the revenue will also be less whereas high pricing will result in more revenue. Sellers sometimes set price as high as 800% above the cost. Though it discourages low type consumer but ensure high return by exploiting high paying capacity consumers. e.g. Apple (iPhone). Next it protects the seller from floating prices. Also by setting high price, sellers target high paying capacity consumers and increase their revenue manifold.

All production costs have been steadily rising at Donner Company for several periods. In this environment, Donner Company’s cost of ending Work In Process inventory using the FIFO method would be: a. the same as that computed under the weighted average method. b. higher than that computed under the weighted average method. c. lower than that computed under the weighted average method.

Answers

Answer:

b. higher than that computed under the weighted average method.

Explanation:

FIFO uses inventory evaluation such that the ending inventory cosists of the most recent purchases. Therefore the ending inventory consists of only the highest priced units.

The weighted average method uses process in which all the units have been uniformly valued. Therefore the weighted average ending inventory consists of units priced lower than the FIFO ending inventory during constantly rising prices.

The weighted average inventory would consist of both low priced and high priced units that are averaged which automatically is lower than the most recent high priced units.

When Honda, a Japanese auto maker, built a factory in Ohio,
A) it was engaged in foreign direct investment.
B) it was engaged in portfolio investment.
C) it was engaged in a cross-border acquisition.
D) none of the above.

Answers

Answer:

A) it was engaged in foreign direct investment.

Explanation:

Foreign Direct Investment is a term used in business-related operations that describes a kind of investment made by an investor in a country other than the actual or original country of the investor. It can be either business operations or business assets in a different firm in another country.

Hence, in this case, when a Japanese automaker, built a factory in Ohio, it was engaged in foreign direct investment. Therefore, the correct answer is option A.

Price Per Unit Quantity Supplied Quantity Demanded $10 100 295 11 150 275 12 190 250 13 220 220 14 245 180 15 265 135 If a technological advance lowers production costs such that the quantity supplied increases by 60 units of this product at each price, the new equilibrium price would be

Answers

Answer:

$12

Explanation:

Equilibrium price is price at the point where quantity supplied equals the quantity demanded.

Please check the attached image for a table showing how equilibrium was found

You are designing a process for the assembly of a consumer electronics product with a labor content of nine minutes. You are trying to decide whether to use (1) a single machine-paced line with eight workers or (2) eight separate single-worker cells. Each of the eight single-operator cells would perform exactly the same collection of assembly tasks as the single line, using the same tools, technologies and equipment. On the assembly line, each worker would be assigned to a single assembly task. There are significant differences in task times among the eight tasks. Which approach would produce the greater output

Answers

Answer:

a. The single line

Explanation:

Since in the question it is mentioned that a process is designed of nine minutes in which the decision is taken for using a single machine with eight workers or eight separate individual worker cell should be used. Also the eight individual operator sells performs the same assembly task

Based on the above information,

The single line would generated the high output there is a high chance of variability that results in generating less output as compared with the single line

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