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Hoochie [10]
3 years ago
15

Chris and Jordan are a two-person household. Chris's market hourly wage is $40, but Chris can also produce $20 of household prod

uction each hour. Jordan's market hourly wage is $50, but Jordan can also produce $30 of household production each hour. This household chooses work schedules to maximize utility. When it does this, which of the following cannot occur. A. Jordan specializes in household production, while Chris specializes in marketplace work. B. Jordan specializes in marketplace work, while Chris splits time between marketplace and household work. C. Chris specializes in marketplace work while Jordan specializes in household production. D. Chris specializes in marketplace work, while Jordan splits time between marketplace and household work.E. All of the above results can happen.
Business
1 answer:
andrezito [222]3 years ago
6 0

Answer:

A. Jordan specializes in household production, while Chris specializes in marketplace work.

Explanation:

Chris and Jordan both can work for their household. The best way is to achieve maximum utility by using the combination of their skills. Chris can go for household work and Jordan can go for marketplace work. They both can use combination of their specialization to achieve maximum utility.

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Raphael Corporation’s common stock is currently selling on a stock exchange at $157 per share, and its current balance sheet sho
IRINA_888 [86]

Answer:

$85 per share and $35 per share

Explanation:

According to the scenario, computation of the given data are as follow:-

We can calculate the par of shares by using following formula:-

Corporation’s Preferred Stock‘s Par Value is

= Preferred Equity ÷ No. of Preferred Outstanding Shares  

= $85,000 ÷ 1,000

= $85 per share

Corporation’s Common Stock‘s Par Value is

= Common Equity ÷ No. of Common Outstanding Shares  

= $140,000 ÷ 4,000

= $35 per share

 

7 0
3 years ago
A state government reported a $9,000 increase in net position in the motor pool internal service fund, a $12,000 increase in net
Anastaziya [24]

Answer: $12,000

Explanation:

Only the $12,000 will be reported in Statement of Activities ( the financial statement used to report revenues and expenses for governmental and business-type activities) as a change in net position for business-type activities.

Why?

The Water Entreprise Fund is the only listed fund type listed that would fall under BUSINESS TYPE because it is an ENTREPRISE Fund. The Motor Pool Internal Service falls under GOVERNMENT ACTIVITIES and the Pension Find is only displayed in the Fund Financial Statements.

Because the Water Entreprise Fund is the only fund here concerned with BUSINESS TYPE activities, it's rise by $12,000 is what will be reported as the Net Change.

8 0
3 years ago
An operational plan provides a detailed road map of the steps necessary to achieve operational goals (sometimes referred to as o
lesya692 [45]

Answer: single use plan

Explanation: In simple words,single use plan refers to the plan that is made for achieving a goal that will not repeat in future.

A program plan refers to the plan that an organisation makes with an objective of outlining the activities and events that the employees have to follow for achieving organisational goals.  

Hence, from the above we can conclude that a program is a single use plan as it outlines activities for a specific project that needs to be performed.  

4 0
3 years ago
Zhang Industries budgets production of 400 units in June and 410 units in July. Each finished unit requires 5 pounds of raw mate
Vika [28.1K]

Answer:

The correct answer is $12,060.

Explanation:

According to the scenario, the given data are as follows:

Production in June = 400 units

Production in July = 410 units

Each unit required = 5 pounds

Cost per pound = $6

So, June required raw material = 400 units × 5 pounds = 2000 pounds

For July required raw material = 410 units × 5 pounds × 20% = 410 pounds

So, required total raw material for June = 2000 pounds + 410 pounds - 400 pounds ( already in inventory)

= 2010 pounds

So, the total cost required for raw material in June = 2010 pounds × $6

= $12,060

Hence, the budgeted cost of purchases for raw material K for June is $12,060.

7 0
3 years ago
What is the south african government providing and for whom ?
Goryan [66]
Welfare payment is an amount of money that is paid by the government to someone who is ill,poor. Consumer subsidies is a grant assistance given by one part for support welfare payment is the amount of money paid by the goverment regularly to assist the people of the country . it can be in a broader and narrower sense. narrower sense reffers to the needy, ill, and poor(social grant). the broader refers to everyone(public goods)
4 0
3 years ago
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