Answer:
$1.07
Explanation:
The marginal cost measures the change in total cost of adding on more worker divided by the change in product for this additional worker (marginal product of labor). When adding one more worker, costs will increase by $80 (wage rate), while product will increase by 75. Therefore, the marginal cost is:
The marginal cost is $1.07.
Answer:
What is wrong with my car?
Explanation:
Asking the question 'what is wrong with my car' will generate alot of possible solutions which cover everything about the car, unlike other questions that are specific. Predicting the possible cause of the problem will be difficult for anyone.
The problem might be 'an empty gasoline', it might also be an 'ignition problem' etc.
Answer:
The total amounts payable to preferred stockholders and common stockholders, respectively, are: $480,000 and $320,000.
Explanation:
Cumulative preferred stock has the dominant right over common stocks in term of receiving cash dividend.
The dividend paid to preferred stock per year is: 100 x 20,000 x 8% = $160,000 and the company owed investor 03 years of dividend ( 2016,2017,2018) with the dividend payable amounted to 160,000 x 3 = $480,000.
The dividend paid to common stock is the left over, after paying to preferred stock holders, which is calculated as $800,000 - $480,000 = $320,000.
So, The total amounts payable to preferred stockholders and common stockholders, respectively, are: $480,000 and $320,000.
Answer:
c. $10.
Explanation:
Suppose the government imposes a $10 per month tax on cell phone service. If the demand curve for cell phone service is perfectly inelastic and the supply curve is upward-sloping, the monthly price for <u>cell phone service will increase by $10.</u>
As given, the government imposes a $10 per month tax on cell phone service, which means the price of cell phone services will be costlier and increases, however, the demand curve for cell phone service is perfectly inelastic, which mean price of the product does not have any impact on the demand of the product. Then it is given the supply curve is upward sloping, which reflects the higher price of cell phone service is needed to cover the higher marginal cost of production. Therefore, the monthly price for cell phone service will increase by $10.
Answer:
the answer is given below;
Explanation:
Allowance for Doubtful Accounts-opening ($5,355)
Allowance for doubtful accounts-closing ($300,000*8%) $24,000
Bad Debt Expense $18,645
Bad Debt Expense Dr.$18,645
Allowance for Doubtful Accounts Cr.$18,645
