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Ronch [10]
3 years ago
12

Sophia is an architect and she is trying to decide whether to hire Jacob, a draftsman, to assist with her work. Sophia could hir

e Jacob at $20 per hour but it would take him three times as long to complete a task as it takes Sophia. Sophia is able to earn $90 per hour and has more architectural jobs than she is able to handle. Which of the following is true?
Business
1 answer:
Brrunno [24]3 years ago
4 0

Answer:

b. Jacob should be hired at the $20 per hour wage rate

<u>Options</u>

a. Sophia should do the drafting work herself because she has the lower opportunity cost

b. Jacob should be hired at the $20 per hour wage rate

c. Sophia should not hire Jacob because it would be faster for her to do the work herself

d. Jacob should be hired, but only if he is paid more than $30 per hour

Explanation:

Sophia cannot fullfil their client request on time without hiring an employee Assuming Jacob is the best possible candidate for Sophie she should consider to hire it as three hours of Jabor will cost 60 dollars while an hour of his work is worth 90 dollars

Thus, making convinient to hire it as there is a profit of 30 dollars.

We should also conider jacob will earn experience over time and this will make it a better employee in the long-run.

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If the inflation rate is 6 percent and the nominal interest rate is 4​ percent, then the real interest rate is A. 1.5​ percent,
Fudgin [204]

Answer:

The correct answer is

D. ​-2 percent, which is the nominal interest rate minus the inflation rate.

The real interest rate equals D. the nominal interest rate minus the inflation rate.

Explanation:

The real interest rate formula is

<u>Real interest rate =Nominal interest rate - Inflation rate </u>

Inflation rate=6 %

Nominal interest rate = 4​%

Real rate of return =4%  - 6 %

Real rate of return = -2%

D. ​-2 percent, which is the nominal interest rate minus the inflation rate.

8 0
3 years ago
Wi-Fi, Inc., reported a net income of $50,000 for the current year. The beginning and ending balances for Retained Earnings for
Alexxx [7]

The total value of dividends paid to the shareholders of Wi-Fi, Inc. for the year given the change in retained earnings and income is $20,000.

<h3>What is the dividend paid?</h3>

Dividend is the amount paid to shareholders of a public company out of the net income earned by a company in a particular period.

Dividend paid = net income - change in net income

Change in net income = $130,000 - $100,000 = $30,000

Dividend paid = $50,000 - $30,000 = $20,000

4 0
2 years ago
Leverage _____ the return to shareholders and _____ the risk of their investment
Dima020 [189]

Answer:

d. increases; increases

Explanation:

Leverage describes the method of capital acquisition. The term is used mostly to refer to the borrowing of capital. A highly leveraged business is a business that has a high percentage of debts.

Business borrows for expansion or to finance the acquisition of assets.  By borrowing, the company increases its capacity to produce and consequently,  the possibility of an increase in sales. An increase in output leads to high returns to the shareholders.

Higher returns can only be achieved if the market behaves as expected. If operations do not go as planned, then leverage will leave the shareholder exposed to higher risks. The losses likely to be suffered will be proportional to the level of leverage.

3 0
3 years ago
Review the Inquirer to determine Chester’s current strategy. Where will they seek a competitive advantage? From the following li
Vlada [557]

Answer:

a) Increase demand through TQM initiatives

b) Offer attractive credit terms

c) Seek excellent product designs, high awareness, and high accessibility

e) Seek the lowest price in their target market while maintaining a competitive contribution margin

g) Reduce labor costs through training and recruitment

Explanation:

Chester by pursuing the top five targets listed above would Have a competitive advantage among it's competitors. First their total quality management strategy(TQM) would increase customer satisfaction and spiral their demand growth. Secondly attractive credit terms would increase demand by encouraging customers that require credit facilities for their purchases. Excellent product designs and more awareness would increase product quality while also bring more awareness to the business. Reducing price would also increase demand and since they'd be able to keep a competitive contribution margin they would be able to stay ahead in the market. Lastly reduction in labour costs will have a ripple effect on the whole business as costs will be reduced and cost of goods will be reduced to ensure lower prices and high demand

6 0
3 years ago
Acel Co. uses the allowance method to account for bad debts. In January, Acel determined that it could not collect $400 from CTR
Evgesh-ka [11]

Based on the fact that CTR, Inc sent a check to Acel Co, there will be a debit to b. Accounts receivable is debited to reinstate the CTR account.

<h3>Which account will be debited?</h3>

The Accounts Receivable account will be debited by the Allowance for Doubtful Accounts to bring back the written off debt.

The Account Receivable account will then be credited to cash to account for the cash being received.

In conclusion, option B is correct.

Find out more on bad debts at brainly.com/question/26036981

3 0
2 years ago
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