Answer: Third
Explanation:
Diminishing returns to labor refers to the phenomenon where every additional worker leads to an increase in production at a decreasing rate.
Using the scenario described, when there was only one employee the company could mow 4 lawns a day. They added a 2nd worker and that figure went to 9 lawns a day which is an increase of FIVE.
When they added a 3rd worker, the figure again went up but only to 12 which is an increase of THREE only as opposed to the last increase of FIVE.
After the third worker therefore, there was an increase but at a smaller rate.
Answer:
$36.79
Explanation:
Calculation to determine What will be the IPO price per share
First step is to calculate the Cumulative shares
Cumulative shares = 375,000 + 400,000 + 250,000 + 400,000 + 2 million
Cumulative shares = 3.425 million
Now let calculate the IPO price
IPO price = $14 × $9 million / 3.425 million
IPO price= $36.79
Therefore What will be the IPO price per share is $36.79
Answer:
5.4 years
Explanation:
Future value is the value of the calculated by compounding a specific present value using a specific discount rate
Payment = $1,500
Rate = 9.56%
Future value = $10,000
We will use the following formula to calculate the numbers of years.
Future Value = Payment x [ ( 1 + r)^n - 1 / r ]
$10,000 = $1,500 x [ ( 1 + 9.56%)^n - 1 / 9.56%
$10,000 x 9.56% / 1,500 = ( 1 + 9.56%)^n - 1
0.6373 +1 = 1.0956^n
1.6373 = 1.0956^n
Log 1.6373 = n log 1.0956
n = log 1.0956 / Log 1.6373
n = 5.4 years
structure because it's all about how you put it together
Answer:
testamentary trust is the answer.
