Answer:
$416
Explanation:
Washing Machine price = $400
Inflation Rate = 4%
So, Price Rise = (4/100) x 400
= $16
New Raised Price after Inflation = Old Price + Price rise due to inflation
= 400 + 16
= $416
Answer:
$175,000
Explanation:
The computation of the amount recorded as a compensation expense is shown below:
= Number of shares of restricted stock issued × fair value per share + Additional number of shares of restricted stock issued × fair value per share
= 10,000 shares × $20 + 20,000 shares × $25
= $200,000 + $500,000
= $700,000
This $700,000 represents the four year period but we have to find out for one year so it would be
= $700,000 ÷ 4
= $175,000
We simply multiplied the number of shares with the fair value per share so that the compensation expense could come
Businesses are necessary to hire, organize, and supply workers.
Answer:
c. $300; negative $100
Explanation:
Accounting profit is total revenue less total cost or explicit cost.
Accounting profit = Total Revenue - Total cost
Total revenue = price x quantity
100 × $10 = $1,000
Total cost = $700
Accounting profit = $1000 - $700 = $300
Economic profit is accounting profit less implicit cost or opportunity cost.
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Implicit cost = $20 × 20 = $400
Economic profit = $300 - $400 = $-100
I hope my answer helps you
Answer:
C
Explanation:
Increasing minimum wage increases the cost of hiring labour. As a result, firms would reduce the amount of labour skilled labour employed in order to reduce cost of hiring labour.
Another option, is for firms to hire more skilled labours
