Answer:
$8,120
Explanation:
<em>To calculate the proceeds, the gross proceed less the discount charged by the bank. The gross proceed is the total amount that would have been received should the note is held to maturity.</em>
Gross proceed= P + (P×R×T)
P- 8,000 R- 6%, T- 10/12
Gross proceed = (8,000 + 8,000× 6%× 10/12)
= $8,400
Discount charges = Gross proceed × discount rate × time to maturity
Time to maturity = 10 - 5 = 5 months
Discount rate - 8%, Time- 5/12
Discount charges = 8400× 5/12× 8% = $280
Proceeds to be received = $8,400 - $280
= $8,120
Answer:
b. $22.500.
The estimate of bad debt expense is $22,500
Explanation:
Method of Bad Debt estimation = Percentage of credit sale
Bad Debt Expense = 3% of credit sale ($750,000)
Bad Debt Expense = 3% x $750,000
Bad Debt Expense = $22,500
Answer:
A) adding more workers exhausts the possible gains from specialization.
Explanation:
When a worker specializes in a certain task, they will become more productive and efficient in performing the task. Worker specialization takes a long time, so it only applies in the long run.
In the short run when a company wants to increase its output, it cannot rely on worker specialization since they don't have the time to wait, they must hire more workers.
Answer:
Please see below
Explanation:
A. Decreasing the wage rate leads to an increase in the quantity of labor demanded. Which leads to increased production and ultimately can lead to an increase in a firm's profit if other factors are left constant.
B. The two factors at work is demand and supply.
