Answer:
$92.000
Explanation:
<h2>1. The first step is to calculte the operating profits for the year 2020, following the next formula </h2>
(Revenues - costs) = Operating Profits.
<h3>YEAR 2020 </h3>
Revenues 2.650.000
Costs 2.150.000
--------
Operating profits 500.000
<h2>
2. Same indications for the next year.</h2>
<h3>YEAR 2021</h3>
Revenues 2.915.000
Costs 2.323.000
--------
Operating profits 592.000
<h2>
3. Calculate the diference between 2021 and 2020. </h2>
<em>592.000 - 500.000 = 92.000</em>
Solution :
A firm hires labor till a point where the cost of hiring is equal to the value of the additional revenue it produces.
We know ,
the wage rate = cos of hiring an additional worker
the value of the additional revenue that the firm produces = price x (MPI) marginal product of the labor.
Therefore, the firm will hire when :
Wage = value of the additional revenue it generates
Thus, wage = price x (MPI) marginal product of the labor ...........(i)
Therefore, given :
wage of a worker = $ 45
Price = $ 12
So, 45 = 12 x MPI
MPI = 3.8
So the marginal product of employing three days of labor = 25-18/4-3 = 7
Marginal product of employing four days of labor = 30-25/4-3 = 5
So the 4th day produces less revenue than the cost that it generates.
So, the firm should hire 3 workers.
Answer:
sorry i have school but others day maybe tomorrow
Answer:
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Answer: B) The longer the cash cycle, the more likely a company will need external financing.
Explanation:
The cash cycle refers to the amount of time it would take a company to be able to convert the goods that it has in inventory to actual cash. If this cycle is long, then the company will have less cash than it needs because it is not raising cash fast enough.
To be able to fund operations therefore, the company might be forced to seek external financing.
