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1 year ago

As the wage rate increases, the quantity of labor supplied by an individual worker will?

1 answer:

8 0

As the wage rate increases, the quantity of labor supplied by an individual worker will raise the quantity of labor supplied through the substitution effect.

For labor supply, the substitution effect is always positive.

It means that a higher wage rate always induces a greater quantity of labor supplied. For any worker, the substitution effect of a wage increament will always reduces the amount of leisure time consumed by him and increases the amount of time which is spent on working.

A higher wage thus produces a positive substitution effect on labor supply.

With the increase in the labor supply the supply curve for labor will move upward.

To know more about the labor supply here:

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Limerick, Inc. has budgeted total sales for January, February, and March of $800,000, $900,000, and $950,000 respectively. Cash

Naya [18.7K]

Answer:

$905,000

Explanation:

February Collection will be as follows :

<em>February Collection = Cash Sales + Credit Sales </em>

= $900,000 x 25 % + $900,000 x 40 % + $800,000 x 60 %

= $905,000

the amount of cash received from sales during the month of February is $905,000.

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2 years ago

Great Kids Co. began providing day care for the children of employees of a large corporation on January 15 for an agreed monthly

nirvana33 [79]

Answer:

A. A credit to Child Care Fees Earned of $4,500.

Explanation:

The journal entry to record this given transaction is shown below:

Cash A/c Dr $4,500

To Child Care Fees Earned A/c $4,500

(Being the fees earned is recorded)

Since the payment is received that means cash balance is increased so we debited the cash account and credited the child care fees earned account.

The monthly fee is $9,000 but we have to compute for 15 days, so it would be

= $9,000 ÷ 2

= $4,500

7 0

2 years ago

Floyd and Gert enter into a contract by which Floyd promises to deliver fertilizer to Gert. Floyd subsequently transfers this du

Lerok [7]

Answer: an obligor

Explanation:

From the question, we are informed that Floyd and Gert enter into a contract by which Floyd promises to deliver fertilizer to Gert and that Floyd subsequently transfers this duty to Hazel.

In this case, Floyd is an obligor. An obligor os defined as an individual who by contract or due to a legal procedure, undertakes an obligation for another individual.

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2 years ago

What is the distinctive competency Toyota appears to be hoping to achieve by investing in Uber Technologies?

JulsSmile [24]

Answer:

b. Intellectual property

Explanation:

Toyota is investing in Uber a car hailing service company.

Uber has cutting edge technology that makes it stand out from other car hailing services.

Toyota wants to have a part of this technology in order to improve on their cars and make them stand the test of time with regards to customer satisfaction.

To do this Toyota invested $500 million in Uber and in exchange they have access to Uber's intellectual property.

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2 years ago

Question 4. The price of a bond with 4 years to maturity that pays interest of $12 each half-year is $106. What is the current y

n200080 [17]

Answer:

Face value of bond = 100

Years of maturity = 4

Market value = 106

Coupon frequency = 2

Semi annual coupon = 12

1. Current yield = Semi-annual * Coupon frequency / Market value

Current yield = 12 * 2 / 106

Current yield = 0.2264150943396226

Current yield = 22.64%

2. YTM = 2*Rate(Years of maturity*Coupon frequency, Semi annual, - market value, FV, 0)

YTM = 2*Rate(4, 2, 12, -106, 100,0)

YTM = 0.2168

YTM = 21.68%

3. Capital yield = Current yield - YTM

Capital yield = 21.68% - 22.64%

Capital yield = -0.96%

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2 years ago