Answer:
B.) $13.00
Explanation:
Assuming Shawn worked for the whole year.
Assuming the year had 52 weeks.
Each week had 40 hours. the year had 40x52 hours
i.e., the Swan worked for 2,080 hours in the year
Total amount earned = $27,040 for , 2,080 hours.
pay per hour = $27,040/2,080
=$13 per hour.
A bakery can sell 800 cupcakes at $3 each, or 1,000 cupcakes at $2.50 each. Option (c) $0.50 is the correct answer.
To compute the marginal revenue, you have to divide the change in its total revenue by the change in its total output quantity.
Marginal revenue is equal to the selling price of an item that was sold.
The marginal revenue associated with cupcakes of 800 from 1,000.
Marginal Revenue= Change in Revenue/ Change in Quantity
= (Current Revenue - Initial Revenue) / (Current Product Quantity - Initial Product Quantity)
= (1000*2.50) - (800*3) / 1000 - 800
= 2500 - 2400 / 200
= 100/200
= ½
=0.5
= $0.50
Marginal Revenue
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Answer:
Enterprise Fund due from General Fund (Dr.) $50,000
Service Revenue (Cr.) $50,000
Explanation:
The enterprise used its general fund to provide electricity to the citizens. It has a collection period of 30 days for the general fund. This collection period is receivable duration during which company service revenue is to be collected. The general fund used by enterprise fund is collected 30 days later.
Answer:
Annual depreciation= $28,000
Explanation:
Giving the following information:
Purchase price= $170,000
Salvage value= $30,000
Useful life= 5 years
<u>To calculate the annual depreciation, we need to use the following formula:</u>
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (170,000 - 30,000) / 5
Annual depreciation= $28,000
Under the straight-line method, the annual depreciation is constant.
Answer:
The Tendency of Real Interest Rates to fall as Inflation increases.
Explanation:
The Fisher Effect examines the relationship between inflation, nominal and real interest rates. The real interest rate is obtained by deducting inflation rate from nominal interest rate. Except nominal interest rate increases at the same rate as inflation, real interest rate would decrease.
