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3 years ago

Select the best definition of labor productivity:

1 answer:

8 0

<span>Labor productivity is the ability to earn the highest amount of profit for a company for an employees time. Such as a chef, cooking 10 meals in an hour will bring in 100 dollars for those 10 meals and only gets paid 10 dollars. His labor productivity is earning the company 90 dollars for his time.</span>

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Howard Bowen is a large-scale cotton farmer. The land and machinery he owns has a current market value of $11 million. Bowen owe

givi [52]

Answer:

A. $1,510,000

B. -$10,000

Explanation:

a. Calculation to determine Bowen’s Accounting profits

Using this formula

Accounting profits = Total revenue - Explicit cost

Let plug in the formula

Accounting profit = $10 million - $8 million - $40,000 - $400,000 - $50,000

Accounting profit= $1,510,000

Therefore Bowen’s Accounting profits is $1,510,000

b. Calculation to determine Bowen’s Economic profit

Using this formula

Economic profits = Accounting profit - Implicit cost

Let plug in the formula

Economic profits = $1,510,000 - [($11,000,000*0.1) + $30,000 + ($60,000 - $40,000)]

Economic profits =$1,510,000 - [$1,100,000+ $30,000 + $60,000 - $40,000)]

Economic profits =$1,510,000-$1,150,000

Economic profits =-$10,000

Therefore Bowen’s Economic profit is -$10,000

4 0

3 years ago

In our aggregate expenditure model we assume that:

maria [59]

Answer:

The correct answer is regarding the model, is that an individual firms prices are flexible but the level of the price is fixed.

Explanation:

The aggregate expenditure model is the model in which the sum or total of all the expenditures are undertaken in the economy with the factors during the particular time period.

The equation is:

AE = C (Consumption) + I (Investment) + G (Government) + NX (Net Exports)

In this model, it is assumed that the prices of the individual firm are flexible whereas the price level is fixed.

7 0

3 years ago

On December 30, Year 12, AGH, Inc. purchased a machine from Grant Corp. inexchange for a zero-interest-bearing note requiring ei

andrey2020 [161]

Answer:

$329,840

Explanation:

Calculation to determine the net note payable to Grant

Net note payable to Grant=$70,000 × 4.712

Net note payable to Grant= $329,840

Net note payable to Grant= ($70,000 × 5.712) – $70,000

Net note payable to Grant= $329,840

Therefore On AGH's December 31, 2017 balance sheet, the net note payable to Grant is:$329,840

6 0

3 years ago

You are examining an investment opportunity. It would require you to pay money today and then receive payments semi-annually fro

Lady_Fox [76]

Answer:

The semi annual rate is 4.88%

Explanation:

semi annual rate = [((1+r)^(1/n)) -1]

= [((1+10%)^(1/2)) -1]

= 4.88%

Therefore, the semi-annual rate (i.e. periodic return per six months) do you require (i.e. need to earn such that this implies 10% earned per year when you get to compound semi-annually) is 4.88%.

5 0

3 years ago

Which recovery operations requires operators/crews to use their basic issue items (bii), an additional list (aal), or on-vehicle

Sonbull [250]

Recovery is saving, that is, releasing immobile, inoperative, or abandoned equipment from its current location and returning it to operation or to a repairs site for maintenance. These actions typically involve towing, lifting, or winching. The answer here is self-recovery. Actions necessitate using only the equipment’s assets. Self-recovery starts at the place where the equipment becomes caught up or disabled. The operator or crew uses the accessible recovery objects to carry out self-recovery.

5 0

3 years ago