Answer:
Cullumber Company
Balance Sheet
As at 2022
Explanation: Amount in $
Current Assets
Accounts Receivable 12,500
Cash 13,000
Prepaid Insurance 6,600
Supplies 4,600
Total Current Assets 36,700
Non-Current Assets
Equipment (225,000-36,900) 188,100
Total Assets <u> </u><u>224,800</u>
Liabilities & Shareholders' Equity
Current Liabilities
Accounts Payable 10,600
Notes Payable 65,000
Salaries Payable 3,900
Total Current Liabilities 79,500
Equity
Common Stocks 97,000
Retained Earnings (25,900+133,000-21,400-13,600-2,600-16,800-33,500-6,700) 64,300
Dividends (16,000)
Total Equity 145,300
Total Liabilities & shareholders' equity <u>224,800</u>
Answer:
a) Y = 500
b) Wages: 2.5
Rental price: 2.5
c) labor Share of output: 0.370511713 = 37.05%
Explanation:

if K = 100 and L = 100


Y = 500
wages: marginal product of labor = value of an extra unit of labor
dY/dL (slope of the income function considering K constant while L variable)





With K = 100 and L = 100

Y' = 2.5
rental: marginal product of land = value of an extra unit of land
dY/dK (slope of the income function considering K variable while L constant)



L = 100 K = 100

Y' = 2.5
c) we use logarithmic properties:



50 was the land while 10 the labor
2.698970004 = 1.698970004 + 1
share of output to labor: 1/2.698970004 = 0.370511713
73. They are called Human relations or HR because they are responsible to make sure that the employees that working on the Company they are in is find and having no difficulties.
They ensure that they answer the queries and clarification of the employees and also make takes action if there are unnecessary problem or issue that is going on to every person in the company. They are also the one who provide protocols and work ethics to make sure that the company is in good conditions in terms of professionalism.
Answer:
1. Franklin Inc. is not under any legal obligation to pay divided to common stock holders. A company can only pay dividend when it makes profit. A company may not pay dividend even when it makes profit because payment of dividend at the discretion of board of directors. Dividends on common stocks are not fixed.
Payment of dividend to preferred stock holders is fixed because preferred stocks are fixed income securities. Dividend in this case does not depend on the financial fortune of a company. In case of cummulative preferred stocks, arrears of dividend in a given year can be carried forward to another year.
Franklin Inc is under a legal obligation to pay interest to debenture holders because the company is under bond to pay principal and interest as and when due. Bonds are also fixed income securities in which interest is fixed regardless of whether the company makes profit or not.
2. Rob Lowe is advised to invest in bonds because he is guaranteed of his principal and interest as and when due since the interest on bond and principal do not depend on the financial fortune of the company.
Explanation:
In the first case, explanations were made on the obligation of the company to pay dividend or interest.
In the second case, explanations were provided on the appropriate investment to undertake.
Answer:
The amount of George's net pay is $568.8 per week.
Explanation:
Because George's yearly pay is under the limit for OASDI, he don't bear the income tax either.
Rate Amount
Gross pay $800.0
Personal deduction 15% $120.0
Medical insurance deduction $50.0
FICA Social Security 6.20% $49.6
FICA Medicare 1.45% $11.6
Income Before Tax $568.8
Taxation 0% $0
Net Pay $568.8