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Lostsunrise [7]
3 years ago
14

Kanye, Eddie, Jaco, and Danny are trying to form a band. They each have some basic skills on most instruments, so their current

plan is for each of them to rotate among vocals, guitar, bass, and drums. After a year of practice and rehearsals, the band still sounds awful. Kanye can't keep a steady beat when on bass or drums, Jaco sounds terrible at everything except the bass, nobody except Eddie can remember all the chords on guitar, and even Danny's own mother thinks his singing sounds like a dying cow. At their current rate, they expect it will be several years before they are good enough to land their first paid performance. None of them have enough money saved up to last that long. They all know you are taking economics and ask your advice. What would you say to them? a) Change the rotation to be random rather than equal, to take advantage of heteroskedasticity. b) Continue with the current plan, as economies of scale should eventually kick in. c) Have each member specialize in the role that they are best in, to take advantage of benefits from specialization. d) Invest their remaining savings in new instruments, as they are at a point where the marginal product of capital exceeds the marginal product of labor. e) Abandon the band, as continued practice is doomed to suffer diminishing marginal returns.
Business
1 answer:
Maurinko [17]3 years ago
8 0

Answer:

I don't understand...

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The misstatement is immaterial in the overall context of the financial statements.

Explanation:

An immaterial misstatement is an omission that has not been treated correctly but is not significant enough to negatively influence the use of the financial statements or the decisions made by those using them. This immaterial misstatements do not represent fraud or intentional wrongdoing.

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3 years ago
Do lenders always accept applications for credit?
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3 years ago
Your unemployed friend Seymour sent you a test of his electronic cover letter. You see that he is struggling with the appropriat
Ugo [173]

tell him to put less information with more details.

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3 years ago
Read 2 more answers
g Brandon and Jane Forte file a joint tax return and decide to itemize their deductions. The Fortes' income for the year consist
murzikaleks [220]

Answer:

$1,500

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The long term capital gains are not considered in investment income because this income is taxed at a preferential rate.  Hence, the Investment interest expenses deduction for the year is $1,500.

8 0
3 years ago
Question 13 Pina Colada Corp. has the following inventory data: July 1 Beginning inventory 108 units at $19 $2052 7 Purchases 37
schepotkina [342]

Answer:

Endign inventory cost= $3,708

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Giving the following information:

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2 years ago
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