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In-s [12.5K]
2 years ago
6

Debbie, a popular wedding photographer, is able to photograph a wedding every Saturday of the year. She charges couples $4,000 f

or a complete set of photographs that cost her $2,200 to print and develop. Suppose that on one Saturday Debbie photographs her niece's wedding without charge, but her niece insists on paying Debbie $2,200 to cover her printing and developing costs. What is Debbie's economic cost of photographing her niece's wedding
Business
1 answer:
myrzilka [38]2 years ago
7 0

Answer:

The economic cost for Debbie is 6,200 after considering the implicit cost.

Explanation:

The economic cost for Debbie's will be the explicit cost and opportunity cost of the best rejected opportunity.

Explicit cost:         2,200 print and develop

Opportunity Cost: 4,000  normal wedding revenue

Total Cost:             6,200

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Many employees get a reality shock on their first day at work because ____.
Sedbober [7]

Answer:

C. newcomers test how well their preemployment expectations fit reality and many companies fail this test.

Explanation:

The reason why many employees are shocked by reality on the first day of work is that pre-employment expectations are adjusted to reality and often the job does not meet the expectations that have been created.

To reduce this phenomenon, it is ideal that new employees have realistic expectations about the company and the function they will perform, taking their doubts through research and interviewing the recruiter, having a more realistic view of what they can find at work and managing your expectations.

3 0
2 years ago
Employee ExemptionsIdentify each job as generally being considered exempt or not from minimum wage or overtime pay (write a or b
tigry1 [53]

Answer:

certain jobs are excluded from minimum wage or overtime requirements. E.g. generally white collar jobs are exempt. Exemptions include other types of jobs, especially temporary jobs.

__B___ 6. Auto mechanic

___A__ 7. Fruit picker ⇒ seasonal job

__A___ 8. Worker on a foreign-flag cruise ship ⇒ they are not employed by an American company

__B___ 9. Librarian

__A___ 10. Taxi driver ⇒ earn sales commissions

__A___ 11. Real estate agent ⇒ earn sales commissions

__B___ 12. Bellperson at a hotel ⇒ They are not exempt, but their minimum wage is much lower.

__A___ 13. Computer programmer (paid more than $27.63 per hour)

__A or B___  14. Hairdresser ⇒ depends if they are paid based on sales commission or not, or if they receive tips. Hairdressers that receive commissions are exempt, and those who receive tips have a lower minimum wage. Only hairdressers that are paid on an hourly rate and do not receive commissions or tips must be paid a minimum wage. This applies generally to apprentices.

__B___ 15. Bank teller

4 0
2 years ago
I NEEDDDD HELLPPPPP!!!!!!!!!!!!!!!!!!!!
Usimov [2.4K]

With what finding a job?

4 0
3 years ago
Read 2 more answers
Quentin operates an ice cream franchise that has shops throughout the United States. CoolCream Co., the franchisor, supplies the
denpristay [2]

Answer:

The correct answer is D

Explanation:

Arrangement of  manufacturing or processing-plant is the one which defines the relationship where the franchisor transmits or shifts to the franchisee for the essential ingredients or for the specifications in order to make the specific product. And then the franchisee will market at the retail or wholesale level as per the standards of the franchisor.

So, in this situation, the franchisor supplies the essential ingredients of the franchisee for his store and then the franchisee sold to customers the ice cream. Therefore, this relationship is regarded as manufacturing or processing-plant arrangement.

6 0
3 years ago
City Foods, is a firm that is experiencing rapid growth. The firm just paid a dividend of $2.00 yesterday. They expect to see th
slega [8]

Answer:

The maximum that should be paid for the stock today is $45 per share.

Explanation:

To calculate the current share price or the maximum that should be paid for the stock today, we will use the dividend discount model approach.

The dividend discount model (DDM) estimates the value of a share/stock based on the present value of the expected future dividends from the stock. We will use the two stage growth model of DDM here as the growth in dividends of the stock is divided into two stages.

The formula for current price under two stage growth model is,

P0 = D0 * (1+g1) / (1+r)  +  D0 * (1+g1)^2 / (1+r)^2 + ... + D0 * (1+g1)^n / (1+r)^n  +

[( D0 * (1+g1)^n * (1+g2)) / (r - g2)] / (1+r)^n

Where,

g1 is initial growth rate

g2 is the constant growth rate

r is the required rate of return

So, the price of the stock today will be,

P0 = 2 * (1+0.20) / (1+0.12)  +  2 * (1+0.20)^2 / (1+0.12)^2  +    

[( 2 * (1+0.20)^2 * (1+0.06)) / (0.12 - 0.06)] / (1+0.12)^2

P0 = $45

5 0
3 years ago
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