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tangare [24]
3 years ago
9

Suppose a firm has the following expenditures per day: $240 for wages, $150 for materials, and $80 for equipment rental. The own

er of the firm owns the building in which it operates. If the firm were not operating in the building, he could rent the building for $70 per day. Total daily revenue is $600.
Business
1 answer:
mamaluj [8]3 years ago
6 0

Answer: This question is incomplete, so in order to answer it, we must first complete the question. What we are looking for is the daily explicit costs made by the firm in the question above.

The total daily explicit cost is $470.

Explanation:

Explicit costs are the costs that are incurred by a firm in the course of running a business. This simply means the payments that a firm makes to others during a production cycle. These costs include wages, rent, purchase if materials, utilities, and anything that the firm must make payments for.

In the question above, we can list out the costs incurred by the firm as follows:

Wages ---------------- $240

Materials ------------- $150

Equipment rental -- $80

Total explicit costs incurred is therefore,

240+150+80

= $470.

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Answer:

The correct answer is letter "B": The new product should deliver a meaningful and perceivable benefit to a sizable number of people.

Explanation:

A new product is a good or service that is going to be introduced to the market to satisfy the need for a specific sector. <em>For the new product to be successful, the need that it satisfies should represent a benefit for the target audience great enough to make them pay for it</em>. Besides, the new good or service must bring a differential feature to consider it more attractive compared to competitors or similar products that might already exist.

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Answer:

D) 4.95 percent

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The current yield formula can be used to determine the coupon payment which would thereafter be used to compute coupon rate as required:

current yield=coupon payment/current market price

current yield=4.87%

coupon payment=unknown

current market price=101.6533%*$10,000

current market price=$10,165.33  

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coupon payment=$10,165.33 *4.87%

coupon payment=$495.051571

coupon rate=coupon payment/face value

coupon rate=$495.051571 /$10,000

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Answer: Option (D)

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When a union bargains successfully with employers resulting in increased total compensation, both the quantity of labor supplied
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ANSWER – FALSE

 

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