Answer: B. The firm hires 45 workers and earns a $1200.00 Economic Profit
Explanation:
According to the table, when the Market Equilibrium Wage Rate is $105, the number of workers to hire would be 45 and the revenue would be $7,425.
If 45 workers are hired, they would cost:
= 45 * 105 per worker
= $4,725
Added to the fixed cost, the total cost would be:
= 4,725 + 1,500
= $6,225
The profit would be:
= Revenue - cost
= 7,425 - 6,225
= $1,200
Answer:
PV= $62,158.4
Explanation:
Giving the following information:
Annual payment= $6,400
Number of periods= 15 years
Interest rate= 6% = 0.06
<u>First, we need to calculate the future value using the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual payment
FV= {6,400*[(1.06^15) - 1]} / 0.06
FV= $148,966.21
<u>Now, the present value:</u>
PV= FV/(1+i)^n
PV= 148,966.21 / (1.06^15)
PV= $62,158.4
If Gunnar, the Director of Operations at Fantastic Foods. One of the recent groups, which is also a team, is the dean search committee.
<h3>What is team?</h3>
Team are member of a group that come together in unity to resolve issue and to achieve their set goals and objectives.
The recent group will be the dean search committee which aim is to interact or communicate frequently by making use of different communication means over a period of several months.
Therefore One of the recent groups, which is also a team, is the dean search committee.
Learn more about team here: brainly.com/question/11352260
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Answer:
a.Sales tax to be recorded at the time of sales.
b.36000
c.38880
d.Sales tax payable
Explanation:
a.Because sales tax is subjected to sales so it is liability of seller to charge sales tax to customer.
b. Sales = $36000
c.Account receivable = [36000+(36000*8%)]=36000+2880=38880
Entry: Dr Account receivable 38880
Sales 36000
Sales tax payable 2880
d. Sales tax payable, it is liability for a seller to refund to government treasury.
The total cost for this certain activity level can be calculated by substituting 4000 to the x of the equation given above,
y = 7000 + 1.8(4000)
y = 14200
Thus, the total cost of the activity level is $14,200.
