Answer:
Wage rate is $5
Explanation:
The marginal utility of money=marginal utility of leisure/wage rate
When the formula is rearranged,wage rate is given thus:
wage rate=marginal utility of leisure/marginal utility of money
wage rate=15/3
wage rate =$5
In other words, the correct option is C,wage rate is $5
Option D would have been correct if the requirement was to calculate marinal utility of leisure
Answer:
The answer is D.
Explanation:
Cost of an asset includes the purchase price and other cost that are necessary to get the asset ready for its intended use and all these costs must be capitalized. Interest (borrowing cost) according to IAS 23( borrowing cost) states Interest directly involved in acquisition or construction or producing of qualifying assets must be capitalized i.e included in the cost of the asset.
Ok let me state that if it is reduced by 25% is the same a multiplied by 0.75. Increased by 20% is the same as multiplied by 1.20. So what you need to do is multiply the two multipliers together to get the net effect. Now let me give you an example: <span>If I sell 100 things a day and sales go up 20% I sell 120 things a day. That is the same as multiplying sales by 1.20. So the formula you can use is
Gross Receipts = Sales Price * Number of units sold.
If I change Sales Price and Number of units sold each by simple multipliers, the effect on Gross Receipts will be the product of the multipliers. I hope this helps</span>
Answer:
D. $1400
Explanation:
Given that
Tax rate = 28%
New purchase reduces cost by 10 cents
Copier makes $50000
Thus,
Annual taxes on purchase = (50000/10) × 28%
= 5000 × 28%
= 5000 × 0.28
= $1400
Therefore, Annual taxes on purchase is $1400.
<span>Financial managers use RATIO ANALYSIS to assess the financial strengths and weaknesses of their firm.
The numbers used in the ratio analysis are the figures in the firm's financial statements. These ratios indicate the following in relation to the firm:
</span>1) Short-term Solvency Ratios<span>,
2) Debt Management </span>Ratios<span>,
3) Asset Management </span>Ratios<span>,
4) Profitability </span>Ratios<span>,
5) Market Value </span>Ratios<span>.</span>
