A total of 3 worker will be hired for the ranch if the going wage for these workers is $500 per week.
<h3>What is a marginal labor?</h3>
This refers to a firm increase in total production because of one additional unit of labor that is added while all other factors of production remain constant.
Given the information in the attached table, a total of 3 worker will be hired for the ranch if the going wage for these workers is $500 per week.
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Answer:
$34.8
Explanation:
Profits = sales - costs( variable costs +fixed costs)
In this case : total sales will be price $0.75 x units sold X= 0.75X
Variable costs : =$10 x units sold= $10x
Fixed cost remain $25 as they are not affected by quantity.
profits for the Week
P= (0.75x- 0.10x)-$25
Profit for the week with units sold as 92: x = 92
p= ( {0.75x92} - {0.10x92} )- $25
P= $69 - $9.2- $25
P=$59.8- $25
=$34.8
I believe the answer is: by purchasing shares of the company
By purchasing a certain amount of shares, that investor automatically became part-owner of the company. For majority of companies, every 4 months, the company would announce the amount of dividend that they will give to the share owners. The amount of dividend that the owners receive would be according to the percentage of shares that they own.
Answer:
The journal entries are as follows:
(1) Accumulated depreciation - Building A/c Dr. $250,000
To Cash $250,000
(To record the replacement of heating system)
(2) Building A/c Dr. $750,000
To cash $750,000
(To record the new wing)
(3) Maintenance expense A/c Dr. $14,000
To cash $14,000
(To record the maintenance expense)
(4) Equipment A/c Dr. $50,000
To cash $50,000
(To record the new equipment)