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storchak [24]
2 years ago
8

If a firm hires an additional worker and discovers that its total output has fallen, then it must be true that:________

Business
1 answer:
Neko [114]2 years ago
7 0

If a firm hires an additional worker and discovers that its total output has fallen, then it must be true that marginal physical product is negative.

What is the change in total output that results from hiring one additional worker?

The difference in production brought on by using an additional unit of labor is known as the marginal product of labor.

Does hiring additional workers increase the total revenue at a decreasing rate?

Total output increases with additional employees, although at a slower rate. a stage of production where an increase in the labor force leads to a decline in labor's marginal product. With each new unit of labor added to the mix, a company with this will produce progressively less production.

Learn more about marginal product of labour: brainly.com/question/16690539

#SPJ4

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Lansbury Inc. had the following balance sheet at December 31, 2019.
timofeeve [1]

Answer:

See explanation

Explanation:

Requirement A

See the image Below:

Requirement B

                     LANSBURY INC.

                    BALANCE SHEET

             As at December 31, 2020

             Assets

Cash                                                                   $37,000

Accounts receivable                                          $41,600

Investment                                                         $20,400 <em>(Note - 1)</em>

Plant asset                                      $81,000

Less: Accumulated depreciation <u>($11,000)   </u>  

Book value of Plant asset                                 $70,000

<u>Land                                                                   $53,000</u>

Total assets                                                     $222,000

Liabilities and Stockholders' Equity

           Liabilities

Accounts payable        $30,000

<u>Notes payable              $25,000</u>

<em>Total liabilities              $55,000</em>

    Stockholders' Equity

Common Stock           $120,000

<u>Retained earnings      $  47,000   </u>(Note - 2)

<em>Total stockholders' equity = $167,000</em>

Total liabilities & Stockholders' Equity = $222,000

<em>Note - 1:</em>

Sold investment's cost value calculation -

Selling price =           $15,000

<u>Less: Gain on sale = ($3,400)</u>

Cost price = $11,600

Investment during 2019 =             $32,000

<u>Sale of Investment (book value)    $11,600 </u>

Remaining value of Investment = $20,400

<em>Note - 2:</em>

Beginning                              $23,200

Add: Net Income                   $32,000

<u>Less: Dividend                       ($8,200)</u>

Ending retained earnings  = $47,000

Requirement C

1. Cash flow to net income ratio:

It shows how much cash flows from operating activities during the year over a specific net income.

We know, Cash flow to net income ratio = \frac{Cash flow from operating activities}{Net Income}

Cash flow to net income ratio = \frac{19,200}{32,000}

Cash flow to net income ratio = 60%

2. Operating cash flow ratio:

It shows how much cash flows from operating activities during the year from the use of current liabilities.

We know, Operating Cash flow ratio = \frac{Cash flow from operating activities}{Current liabilities}

Operating Cash flow ratio = \frac{19,200}{30,000}

Operating Cash flow ratio = 64%

Note: Here, accounts payable is the only current liabilities as notes payable has a long-term value.

8 0
3 years ago
Increases to owner's equity may be from expenses that are incurred. expenses exceeding revenue for the period. withdrawals of ca
Trava [24]
Revenue that is derived from sales of goods or services
3 0
3 years ago
Onofkp411 Corporation has a time contraint on one of its special machines. The company makes three products that use this machin
marta [7]

Answer: $7.20 per minute

Explanation:

Find out the profitability of each product as Contribution Margin per minute.

Magnifico

Contribution margin per minute = (Selling price - Variable cost) / minutes on the constraint

= (335.18 - 259.26) / 7.5

= $10.12 per minute

Bellissimo

= (228.46 - 173.08) / 4.3

= $12.88 per minute

Lovely

= (199.21 - 159.61) / 5.5

= $7.20 per minute

Their least profitable product is $7.20 per minute.

The machine does not have sufficient time to satisfy the needs of Lovely so they will have to pay more to acquire more of the resource but they should not pay anything more than $7.20 per minute as this is their contribution margin for the product. and anything more would result in a loss.

<em>Options are most probably for another variant of the question. </em>

6 0
3 years ago
Tom and Jerry's has 2.4 million shares of common stock outstanding, 2.4 million shares of preferred stock outstanding, and 14.00
3241004551 [841]

Answer:

Tom and Jerry's

The weight used for common stock in the computation of Tom and Jerry's WACC is:

= 45.22%

Explanation:

a) Data and Calculations:

                                               Common   Preferred    Bonds

                                                  Stock         Stock

Outstanding number               2.4 m         2.4 m         14,000

Market price per share           $13.40      $10.40         $999.6

Total value                               $32.16 m  $24.96 m    $13,994,400

Total value of stock and bonds = $71,114,400

Weight of common stock = $32.16/$71.1144 * 100 = 45.22%

6 0
3 years ago
On August 1 of Year 1, a company paid $1,200 cash in exchange for an insurance policy that protects the company from loss due to
alexandr402 [8]

Answer:

The statement of cash flows will show $1,200 outflow from operating activities.

The balance sheet will show $700 of prepaid insurance.

The income statement will show $500 of insurance expense.

Explanation:

5 0
3 years ago
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