Bayanat AI PLC, is a public company limited by shares incorporated in the Abu Dhabi Global Market
Question:
Bayanat AI PLC, is a public company limited by shares incorporated in the Abu Dhabi Global Market (the “Company”). In 2020, Bayanat was acquired by G42 - an Abu Dhabi based global leader in AI and cloud computing focused on exploring the full potential of AI as a tool to drive change across industries and businesses. Bayanat’s Smart Mobility Solutions division is the pioneer of autonomous driving and unmanned systems in MENA region. A team of workers from this division made 400 units of their latest AI powered self-driving car, which is sold in the UAE market for 100,000 AED each. The accounting department reports that for this car model, the actual costs are 4,000 AED for Labor, 10,000 AED for materials, and 3,000 AED for overhead.
Calculate the total value of output
Calculate the multifactor Productivity
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.