The value of the VMP are 600, 570, 540, 510, 480, 450. The total workers to be hired are 4 workers because MRL > wage.
<h3>How to solve for the VMP</h3>
= MP * selling price
- 20 * 30 = 600
- 19 * 30 = 570
- 18 * 30 = 540
- 17 * 30 = 510
- 16 * 30 = 480
- 15 * 30 = 450
This has been computed in the excel file that I have attached to the question.
2. A competitive firm is going to have to hire when the wage is equal to MRPL or MRPL is greater than the wage
based on this the labor of the firm would be at 4 units.
3. Four workers are going to be hired based on the fact that the marginal revenue of the added labor is more than the wage that was paid for the work done.
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Answer:
Some proponents of labor law reform believe that: D. All of the above.
Explanation:
Answer:
It is 3.25 times
Explanation:
EBITDA Multiple = Enterprise Value/ EBITDA
Where EBITDA = EBIT+Depreciation & Amortization
= $91,000+$157,000
=$248,000
Enterprise Value (EV) = Market value of the equity +Debt-Cash and Cash Equivalent
EV= $645,000+$215,000-$53,000
=$807,000
Hence, EBITDA Multiple = $807,000/$248,000
=3.25 times
EBITDA Multiple is used to compares a company’s Enterprise Value to its annual EBITDA.
The correct option is D.
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Answer:
Total equivalent units= 4,190
Explanation:
Giving the following information:
Beginning Work in Process (30% complete, $1,600) 250 units
Ending inventory of Work in Process (70% complete) 450 units
Total units started during the year 3,700 units
<u>We need to calculate the number of units completed and transferred out.</u>
Beginning work in process= 250*0.7= 175
Units started and completed= 3,700
Ending work in process equivalent units= 450*0.7= 315
Total equivalent units= 4,190
