Answer:
The answer is "The wage rate will fall and employment will be increased until the new wage rate is equal to MRP.
Explanation:
Firms always try to maximize their profit. Therefore when they hire labor, the increase in labor costs must be lower than the labor's increase to the firm's total revenue. And this forms the "Marginal Revenue Productivity" which is simply the theory that suggests "Wages are paid at a level that is equal to the value of the marginal product of labor". Supply of labor is a function that is inversely proportional with wage rate. So if the supply of labor increases, the correct answer is that "The wage rate will fall and firms will increase employment until MRP equals the new wage rate." Hope this was helpful.
I am really not sure but i will be honest with you i would have to say yes he will make it but if he don't he could always ask for a raise to make his goal
Answer: The operating income is $<u>76 comma 500</u> when 11 comma 000 units are sold.
Explanation:
Selling price = $12 / unit
Variable cost of production = $3 / unit
Selling and Admin cost = $1.5 / unit
Fixed cost for 11 comma 000 units are $ 6 comma 000.
For 11 comma 000 units,
Sales = 12 x 11000 = $132000
cost of production = 3 x 11000 = $33000
Selling and Admin cost = 1.5 x 11000 =$16500
Fixed cost = $6000
Operating Income = Sales - Cost of Production - Selling and Admin cost - Fixed cost
Operating income = 132000 - 33000 - 16500 - 6000 = $76,500
The operating income is $<u>76 comma 500</u> when 11 comma 000 units are sold.
Answer:
The amount of net income reported in 2020 income statement would be $75,000.
Explanation:
Pretax accounting income for 2020 = $100,000
Income tax expense for 2020 = Current tax + Reversal of Deferred tax assets
= ($100,000 - $100,000)*25% + ($100,000*25%)
= $25,000
Amount of net income reported in 2020 income statement = Pretax accounting income - Income tax expense
= $100,000 - $25,000
= $75,000
Therefore, The amount of net income reported in 2020 income statement would be $75,000.
Answer: discount on bonds payable
Explanation:
Based on the information given, since the sum of the fair value of the warrants and the face amount of the bonds exceeds the cash proceeds, then the excess will be reported as the discount on bonds payable.
The discount on the bonds payable occurs in a scenario whereby the bonds are issued for a lesser amount than their face or their maturity amount.
The reason for this is when the bonds have a stated interest rate that is smaller than market interest rate for similar bonds.
