As employment of labor increases, the marginal product of labor will eventually decrease because:

1 answer:

4 0

<span>As employment of labor increases, the marginal product of labor will eventually decrease because the workers will have less work they need to complete themselves. As they hire more workers, those who can work and increase the amount of labor being done increases however the marginal product of labor decreases due to the incline of workers performing labor activities. </span>

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For the past year, Zhao Events had taxable income of $198,600, beginning common stock of $68,000, beginning retained earnings of

juin [17]

Based on the other transactions, the amount of dividends that was paid that year was <u>$158,704.</u>

<h3>After tax Net income </h3>

= Taxable income x ( 1 - tax)

= 198,600 x ( 1 - 21%)

= $156,894

<h3>Dividends during year</h3>

= Opening retained earnings + After tax income - Closing retained earnings

= 318,750 + 156,894 - 316,940

= $158,704

In conclusion, the dividends paid were $158,704.

Find out more on dividends paid at brainly.com/question/13470638.

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2 years ago

Arnold gave land to his son, Bruce. Arnold's basis in the land was $100,000, and its fair market value at the date of the gift w

Leona [35]

Answer:

A) Bruce's basis in the land at the time of the sale = $100,000 (same as his father's)

B) When computing his realized gain, what amount does Bruce use as the selling price and as the contract price?

Selling price= $360,000.

Contract price = $360,000 (selling price) - $120,000 (assumed mortgage) = $240,000.

C) Bruce's total realized gain on the sale = $360,000 - $10,000(selling costs) - $230,000(land + improvements) = $120,000

But his recognized gain in the year of the sale is = ($120,000 / $240,000) x $90,000 = $45,000

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3 years ago

6. When you find income elasticity of demand, you can determine whether the goods are normal or inferior based on whether your a

Rama09 [41]

Explanation:

Normal goods are the whose demand decreases with increase in price whereas in economics inferior goods are those whose demand decreases with increase in people's income.

Normal goods have a positive income elasticity of demand; as incomes rise, more goods are demanded at each price level.Inferior goods have a negative income elasticity of demand; as consumers' income rises, they buy fewer inferior goods.

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3 years ago

The following transactions occurred last year at Jogger Corporation: Issuance of shares of the company's own common stock $ 110,

Nata [24]

Answer:

b. $7,000

Explanation:

Statement of Cash-flow from Financing activities

Particulars Amount

Issue common Stock $110,000

Dividend paid -$3,000

Retirement of bonds payable -<u>$100,000</u>