The wage rate for widget makers is currently $25 per hour and Ajax hires 20 widget makers. If the wage rate were decreased to $20, what would happen to the marginal revenue product for labor at Ajax?
Answer:
The question is not complete, below is the completed question:
The wage rate for widget makers is currently $25 per hour and Ajax hires 20 widget makers. If the wage rate were decreased to $20, what would happen to the marginal revenue product for labor at Ajax?
A) It would remain the same.
B) It would increase since Ajax's demand for labor curve will shift.
C) It would increase since the price of widgets would decrease.
D) It would decrease since Ajax will hire more workers.
Answer:
The correct answer is:
It would decrease since Ajax will hire more workers. (D)
Explanation:
Marginal Revenue Product for Labour (MRPL) is the extra labour generated when an extra worker is employed. In this case, since the wages decreased from $25 to $20, Ajax will hire more workers, because it can afford to pay more workers, meanwhile, the extra labour generated on the employment of an extra worker will decrease. The MRPL is used by firms to determine the number of labour to employ since they have to employ the right amount of labour to maintain profit and prevent diminishing returns associated with excess labour employment.
Bob operates Bob's Pizza, a small pizzeria that sells about 50 pizzas a day. Bob's daily total fixed costs are $100, and his daily total variable costs are $600. If for some reason Bob's fixed cost increased to $150, then his: Select one:
Available options are:
A. All of the choices are correct.
B. Average fixed costs would increase.
C. Marginal costs would increase.
D. Average variable costs would increase
Answer:
Option B. Average fixed costs would increase.
Explanation:
As the variable cost is the same which means that the marginal cost (All variable costs) would neither increase nor the average variable cost (Average variable cost due to fluctuating variable cost) would increase. Hence both Option C and D are incorrect.
Option B is correct because:
Average Fixed cost = (Initial Value + Value Now) / 2
Average Fixed cost = ($100 + $150) / 2 = $125
This means that the average cost has been increased.
The following sequence shows four operations for a computer chip assembly process and the effective capacity of each. Step 1: 500 chips/hour Step 2: 250 chips/hour Step 3: 200 chips/hour Step 4: 550 chips/hour Suppose the utilization is 70 percent of effective capacity. What is the actual output of the process?
Answer:
The actual output of the process is 140 per hour
Explanation:
The Bottleneck step is the one which assemble minimum number of chips per hour . Step 3 produces minimum number of chips (200 chips per hour). Therefore step 3 is the bottleneck step.
Since the steps are interlinked in sequence, the capacity of the process will be determined by the capacity of the bottleneck process. Therefore, effective capacity of the process = 200 chips per hour
Since utilization is 70% of effective capacity , the actual output of the process = Utilization x Effective Capacity
= 0.7 x 200
= 140 per hour
Thus, the actual output of the process is 140 per hour
Leaf Co. purchased from Oak Co. a $20,000, 8%, 5-year note that required five equal annual year-end payments of $5,009. The note was discounted to yield a 9% rate to Leaf. At the date of purchase, Leaf recorded the note at its present value of $19,485. What should be the total interest revenue earned by Leaf over the life of this note
Answer:
$5,560
Explanation:
Given the following:
Present value of note recorded by Leaf on purchase date = $19,485
Annual year end payments = $5,009
Number of payments required = 5
Therefore, total amount received by Leaf :
Annual year-end payment * number of payments
$5,009 * 5 = $25,045
Present value of note recorded at purchase =$19,485
Therefore, total interest revenue earned by Leaf over the life of this note:
Total amount received - present value of note recorded
$25,045 - $19,485
= $5,560
The owners of Spokes Bicycle Shop worry that cash flow this winter may be insufficient to meet the current operating expenses. While they anticipate a surplus of cash inflow as warm weather approaches, they need funds now to meet the company's immediate obligations. The owners can best resolve cash flow concerns by obtaining ________ financing.
Answer:
Short-term.
Explanation:
Short-term can be explained to be financing of business for short period of time from different sources. This financing are seen to be in the periods of a year and is said to be for smaller scale businesses.
It is easily necessary to secure additional funds to cover expenses, especially for those smaller businesses or to take the next step in growing the business. These short term loans are seen to be a lending option that work for many businesses that experience seasonal revenue fluctuations, and are easily taken back from the enterprise on a daily basis or monthly to cover up for the year.
A tenant still has five months remaining on a one-year apartment lease. When the tenant moves to another city, the tenant transfers possession of the apartment to a friend for the entire remaining term of the lease. The friend pays rent directly to the tenant. In this situation, the tenant has become
Answer:
A sublessor.
Explanation:
In this scenario, a tenant still has five months remaining on a one-year apartment lease. When the tenant moves to another city, the tenant transfers possession of the apartment to a friend for the entire remaining term of the lease. The friend pays rent directly to the tenant. In this situation, the tenant has become a sublessor.
A sublessor can be defined as an individual (tenant) who rents a property from a landlord and then goes ahead to lease it to another.
This simply means that, when a lesse (tenant) of a property grants his lease to another party, he or she is referred to as the sublessor.
If a government policy change harms a monopolist, the government could A. tax those who get additional gains and compensate the monopolist, thereby making the change a Pareto improvement. B. increase the general tax rate and compensate the monopolist, thereby making the change a Pareto improvement. C. do nothing, because the change is a Pareto improvement. D. It is not possible to mitigate the harm to a monopolist.
Answer:
Correct Answer:
C. do nothing, because the change is a Pareto improvement.
Explanation:
Monopolisim is the economic system whereby the business in concentrated in the hands of an individual thereby determining the price of the product which the citizens are going to pay. In a situation whereby the government policy change affect a monopolist, they should do nothing that would be beneficial to the monopolist.
The monetary liabilities of the Federal Reserve include currency in circulation and discount loans. government securities and reserves. currency in circulation and reserves. government securities and discount loans.
Answer:
currency in circulation and reserves.
Explanation:
The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.
Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.
The monetary liabilities of the Federal Reserve include currency in circulation and reserves. The currency in circulation includes all of the US paper currency (dollar bill) that are available in the country while reserves refers to the minimum deposits being held for the U.S Treasury and depository financial institutions by the Fed.
Additionally, the overall sum of the United States of America treasury monetary liabilities and the Federal Reserve System's monetary liabilities is generally referred to as the monetary base.
3. What does the segment suggest to guard against employee misuse of workplace technology? *
Answer:
Economics
Explanation:
See the answer
1. Green Construction Co. has consistently used the percentage-of-completion method of recognizing revenue. During 2014, Green entered into a fixed-price contract to construct an office building for $24,000,000. Information relating to the contract is as follows:
At December 31
2014 2015
Percentage of completion 15% 45%
Estimated total cost at completion $18,000,000 $19,200,000
Gross profit recognized (cumulative) 1,200,000 2,880,000
Contract costs incurred during 2015 were ??
1. Green Construction Co. has consistently used the percentage-of-completion method of recognizing revenue. During 2014, Green entered into a fixed-price contract to construct an office building for $24,000,000. Information relating to the contract is as follows:
At December 31
2014 2015
Percentage of completion 15% 45%
Estimated total cost at completion $18,000,000 $19,200,000
Gross profit recognized (cumulative) 1,200,000 2,880,000
Contract costs incurred during 2015 were
a. $5,760,000.
b. $5,940,000.
c. $6,300,000.
d. $8,640,000.
Answer:
d is the answer
Explanation:
d
It is the custom for paper mills located alongside the Layzee River to discharge waste products into the river. As a result, operators of hydroelectric power-generating plants downstream along the river find that they must clean up the river's water before it flows through their equipment.
If the government intervenes and corrects the externality in the situation described above, we would expect
a) the output of the paper mills to increase.
b) the price of paper from the mills to decrease.
c) production of the hydroelectric power plants to decrease.
d) production in the paper mills to decrease.
Answer: d. Production in the paper mills to decrease
Explanation:
Since they have been mandated to treat the water that is at their disposal, they have to do it. But what happens here is there would be a down time in production as some of the workers who are supposed to be carrying out their duty in the production site would be instructed to first clean the water that they have been instructed, this would lead to production in paper Mills to decrease.
Muy Bueno Bakery Company sells three different products. Currently they are not able to meet all of their customers' demand. Using the following information, determine the most profitable product. Cake Pie Cookies Contribution margin $18 $11 $3 Production hours 3 1 .30 a.Cake b.Cookies c.Pie d.Cookies and Pie are the same
Answer:
c. Pie
Explanation:
In order to determine which product is the most profitable, we must calculate the contribution margin per hour:
Cake Pie Cookies
contribution margin $18 $11 $3
production time 3 1 .30
contribution margin p/hour $6 $11 $10
Pie is the most profitable product, followed by cookies, and cakes are the less profitable products.
ollowing are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $5,250 cash and $22,575 of photography equipment in the company in exchange for common stock. 2 The company paid $2,300 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $998 cash. 20 The company received $3,000 cash in photography fees earned. 31 The company paid $866 cash for August utilities. Prepare general journal entries for the above transactions.
Answer and Explanation:
The Journal entries are shown below:-
On Aug 1
Cash Dr, $5,250
Photography equipment Dr, 22,575
To Common stock 27,825
(Being the exchange of common stock is recorded)
On Aug 2
Prepaid insurance Dr, $2,300
To Cash $2,300
(Being cash paid is recorded)
On Aug 5
Office supplies Dr, $998
To Cash $998
(Being cash paid is recorded)
Aug 20
Cash Dr, $3,000
To Photography fees earned $3,000
(Being cash received is recorded)
On Aug 31
Utilities expense Dr, $886
To Cash $886
(Being cash paid is recorded)
What are four importance of a business plan
Swifty Corporation purchased a machine for $66000 on July 1, 2020. The company intends to depreciate it over 8 years using the double-declining balance method. Salvage value is $5100. Depreciation for 2020 to the closest dollar is
Answer:
Depreciation expense= $7,612.5
Explanation:
Giving the following information:
Purchase price= $66,000
Salvage value= $5,100
Useful life= 8 years
First, we need to determine the depreciation expense for the whole year. We will use the following formula:
Annual depreciation= 2*[(book value)/estimated life (years)]
Annual depreciation= 2*[(66,000 - 5,100) / 8]
Annual depreciation= $15,225
For 2020:
Depreciation expense= (15,225/12)*6= $7,612.5
In 1910, the price of a Model T Ford was $950. By 1917, the average price for the same car was $360. In 1910, fewer than 19,000 Model T's were sold. In 1917, over 730,000 were sold. What conclusion can you draw from this information?: (A)The cost of living must have gone down between 1910 and 1917. (B)Henry Ford was making less money in 1917 than he was in 1910 (C)It cost the Ford Motor Company less to produce a Model T in 1917 than it did in 1910. (D)There is no relationship between the price of the Model T's and the number sold.
The conclusion that can be reached is that (C)It cost the Ford Motor Company less to produce a Model T in 1917 than it did in 1910.
The price of a good or service is usually directly proportional to its cost. This means that if something was costly to produce or to provide, the price that the company providing will charge will be high as well.
The reason for this is that the company needs to make a profit so they charge a higher price than the cost in order to make back the cost and some profit. This is called cost plus pricing.
In 1910, the Model T Ford cost $950 but in 1917 the same car cost $360. This means that the cost must have been less in 1917 than it was in 1910 which was why the Ford company was able to charge less for it.
The correct answer is therefore C.
For more information on cost plus pricing check https://brainly.com/question/23632044.
Answer:
option c is the correct answer
i think this helps u
A company supervisor asks for volunteers from the first shift to help assemble a new binding machine that must be on-line within the next 24 hours. Grady lifts his chin and his shoulders, nods, and says, "I can do it." In the social cognitive perspective of Albert Bandura, Grady has appraised a desired outcome through self-evaluated
A. competencies.
B. emotions.
C. strategies.
D. expectancies.
Answer:
The correct answer is the option D: Expectancies.
Explanation:
To begin with, in this situation where the employee name as Grady has appraised a desired outcome through self-evaluation is because of the expectancies that the employee has over himself regarding the job that is being asked from his superiors and that because he knows that completing the volenteered task without help will show to his employer that he has great courage and force of will to do the tasks that are not even obligated. So that will help understand why Grady decides to do it because of the expectancies he has over the situation.
Answer:
A. competencies.
Explanation:
Competencies are self-evaluations that we bring to a situation. When we think we can do something, we’re more likely to try it than when we don’t think we’ll succeed. Competencies in math, tennis, socializing, or any other field come from experiences of prior success that act as reinforcers.
The yield to maturity on a company’s debt is 6.2% per year and the company’s cost of equity financing is 10.9% per year. The book value of the debt is $30.0 million and the book value of the equity is $15.0 million. The company’s tax rate is 32%. The market value of the debt is $36.9 million and the market value of the equity is $27.1 million. What is the company’s annual weighted average cost of capital?
Answer:
7.05%
Explanation:
In light of the facts that many organizations do not pay incentives and many employees discount or take for granted the value of benefits, base wages and salaries are often ____________________________ of the compensation system in the eyes of employees.
Answer:
In light of the facts that many organizations do not pay incentives and many employees discount or take for granted the value of benefits, base wages and salaries are often the focus of the compensation system in the eyes of employees.
Explanation:
The scenario talks about the base wages and salaries which is significant portion of their salary. If the company doesn't pay incentives then the employee thinks that it doesn't matter how motivated he works because he will be paid base salary or wage. Hence the motivation factor gets affected by the compensation factor and employee thinks the only focus of compensation is their base wage or salary.
Angie invested $250,000 she received from her grandmother today in a fund that is expected to earn 10% per annum. To what amount should the investment grow in five years if interest is compounded semi-annually
Answer:
After 5 years, the investment should grow to $407,223
Explanation:
the future value earned on a certain amount compounded semi-annually for a number of years is given by the formula:
[tex]FV = PV(1+ \frac{r}{n} )^{nt}\\Where:\\FV = Future\ value\ =\ ??\\PV = Present\ Value\ =\ $250,000\\r = Interest\ rate\ =\ 10\% =\ 0.1\\n = number\ of\ compounding\ per\ year\ = semiannually\ =\ 2\\t = number\ of\ years\ =\ 5[/tex]
[tex]FV = 250,000(1+ \frac{0.1}{2} )^{(2\times5)}\\FV\ = 250,000(1.05)^{10}\\FV\ = 250,000(1.62889)\\FV\ = \$407,223.65[/tex]
Therefore, after 5 years, the investment should grow to $407,223
The following information is available for Coronado Company: Sales Revenue $389600 Freight-In $29300 Ending Inventory 37400 Purchase Returns and Allowances 14500 Purchases 269500 Beginning Inventory 45300 Coronado's cost of goods sold under a periodic inventory system is
Answer:
$262,900
Explanation:
Net purchases = Purchases - Purchase return and allowances
Net purchases = 269500 - 14500
Net purchases = $255000
Cost of goods available for sale = Beginning Inventory + Net Purchases
Cost of goods available for sale = 45300 + 255000
Cost of goods available for sale = $300300
Cost of Goods sold = Cost of goods available for sale - Ending inventory
Cost of Goods sold = 300300 - 37400
Cost of Goods sold = $262,900
So, Coronado's cost of goods sold under a periodic inventory system is $262,900.
A credit downgrade typically results in _________ interest rate for new debt. A. no change in B. not enough information to tell C. a higher D. a lower 2. There is a(n) _________ relationship between the price of an outstanding bond and market interest rates. A. none of the above B. positive C. direct D. inverse 3. The greater the volatility of earnings the ______________ the bond rating when everything else is held constant. A. there is no relationship between earnings and bond rating. B. higher C. lower D. volatility is irrelevant when evaluating earnings
Answer and Explanation:
1. If there is the downgrade of credit than there would be a higher rate of interest charged for a new debt
2. Also, there is an inverse relationship between the outstanding bond price and the market rate of interest i.e if the bond price is increased the rate of interest is less and vice versa
3. And if the volatility of the earning is high that leads to less rating of bond keeping the other things constant
Blossom Company purchased a new machine on October 1, 2017, at a cost of $66,000. The company estimated that the machine has a salvage value of $5,700. The machine is expected to be used for 70,000 working hours during its 6-year life. Compute the depreciation expense under the straight-line method for 2017 and 2018, assuming a December 31 year-end. (Round answers to 0 decimal places, e.g. 5,275.)
Answer:
Results are below.
Explanation:
Giving the following information:
Purchase price= $66,000
Salvage value= $5,700
Useful life= 6
First, we need to calculate the annual depreciation using the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (66,000 - 5,700) / 6= 10,050
2017:
Annual depreciation= (10,050/12)*3= $2,512.5
2018:
Annual depreciation= $10,050
Suppose that sharply lower coffee prices lead to a decrease in the demand for tea. Tea price decreases, and the tea producers experience short-run economic losses. If the tea industry is a price-taker market, after sufficient time is allowed for the market to adjust fully to the decrease in the demand for tea, one would expect the tea industry's output to
Answer:
C)decline and economic losses to disappear.
Explanation:
here are the options to this question :
A)increase and economic losses to persist. B)decline and economic losses to persist. C)decline and economic losses to disappear. D)increase and economic losses to disappear
Coffee and tea are substitute goods. As a result, of the fall in price of coffee, the demand for tea would decrease. The decrease in price of tea would lead to an inward shift of the demand curve, assuming supply remains unchanged in the short run, equilibrium quantity would fall and equilibrium price would fall. this leads to firms in the tea industry experiencing economic losses.
In the long run, firms would exit the tea industry, output would reduce and economic losses would disappear
How is international employment different from foreign employment? Give your argument with examples.
Answer:
Foreign employment is working for a company that is based in another country and you usually only work in one country. International employment is working in multiple countries and often your own home country is one of them
Most economists believe that a cut in tax rates a. would generally increase government tax revenue. b. would have no effect on aggregate demand. c. has a relatively small effect on the aggregate-supply curve. d. All of the above are correct.
Answer:
C. Has a relatively small effect on the aggregate-supply curve.
Explanation:
Cut in tax rates has it various views by a lot of economist, government officials and also the masses in general. In the view of a reasonable amount of economists, cut in rate of taxes are seen to have a relatively small effect on the aggregate supply curve.
While this aggregate supply curve is known to be the total supply of goods and also services produced by an economy in an overall period. This term can also be referred to as total output in some cases. This curve is seen to have effects on variables which ranges from the size and quality of labor to technological innovations, an increase in wages and a whole other variables too.
Consent of the client before completion of a trade made between the firm and a client must be made when A) an investment adviser will be acting in the capacity of a principal B) a broker-dealer will be acting in the capacity of a principal C) a broker-dealer will be acting as a contra party to the trade D) a broker-dealer will be acting in the capacity of an agent
Answer:
A) an investment adviser will be acting in the capacity of a principal
Explanation:
In case when the consent of the client made prior to completing the trade among the firm and client is made when the investment advisor would be acting as a principal i.e he has a capacity to act as a principal
Therefore in the given situation, option A is correct and the same is to be considered
hence, all other options are incorrect
While solitary negative reactions or unjustified suggestions for change have the potential to dissipate discourse rather than build it, the pattern analysis shows that the anonymous condition seemed to provide a safe explorative space for learners to try out more reasons for their multiple solutions. teachers will rarely give anonymous feedback, but the experience of giving anonymous feedback may open a social space where learners can try out the reasons for their suggestions?
Question attached:
Answer:
Paraphrasing plagiarism
Explanation:
Here the student committed paraphrasing plagiarism because even though there was an in-text citation, he failed to give a bibliographic reference as he should. Now although the student paraphrased his source(ie changed or rearranged sentence structure and words and not quoted word-for-word) he would not have been said to have committed plagiarism if he had properly referenced(not only in-text) citation the work
Which of the following statements regarding inventory costing methods is correct? Multiple Choice In periods of inflation, LIFO will result in the lowest reported net income, and therefore a company will pay less in federal income taxes
Answer:
In periods of inflation, LIFO will result in the lowest reported net income, and therefore a company will pay less in federal income taxes ⇒ TRUE STATEMENT
Explanation:
Last in, first out (LIFO) uses the price of the last units purchased in order to determine the cost of goods sold. When inflation is high, prices tend to increase continuously, therefore, the price of the last units purchased will always be higher than the price of the first units purchased. This doesn't mean that exactly the last units purchased will be the ones sold, it is just an accounting method.
What are fixed expenses?
O A. The amount of money the retailer spends to buy each item from
the wholesaler or producer
B. All expenses that are the same fixed amount on a recurring basis,
such as rent
C. The amount of money received per the sale of each item
D. All expenses that change depending on various factors, such as
the number of customers in a given period of time
Answer: B. All expenses that are the same fixed amount on a recurring basis, such as rent
Explanation:
Fixed expenses in a business do not change depending on the level of activity that goes on in the business. This means that regardless of the number of sales made or units produced, these costs will remain the same.
This is the direct opposite of variable costs. These costs change based on the level of activity which means that they are affected by sales level, production level of both.