Answer:
. Total product cannot be increased further with additional workers.
Explanation:
If the marginal product of labour falls to zero when one more unit of labour is added, it indicates that increasing the amount of labour would not increase total product.
This can be explained by the law of diminishing returns which says as more units of a variable input is added to a fixed income of production, output might increase at a point but after some time total output would increase at a decreasing rate and marginal product would be decreasing.
Imagine a farmer who hires 1 unit of labour to work his farm. he notices that one unit isn't enough to work the farm,so he increases the unit of labour to 5. due, to this the amount of work done by labour increases. imagine the farmer continues to increase the the amount of labour on the farm. at a point the farm would be overcrowded. there might not be machinery available for the extra units of labour to work with. as a result of this, labour would not do any work. labour would just resume on the farm and lounge through the day. thus this extra units of labour isn't producing anything. his marginal product is zero. imagine the farmer hires one more unit of labour. this new labour would not add anything to total output because the farm is over saturated with labour.
Answer:
annual income = $70,292.52
Explanation:
initial outlay $900,000
in order to determine the net cash flows per year we can use the present value of an ordinary annuity:
PV = annual cash flow x annuity factor
- PV = $900,000
- annuity factor, 15%, 12 years = 6.1944
annual cash flow = $900,000 / 6.1944 = $145,292.52
annual cash flow = [(revenue - operating costs - depreciation) x (1 - tax rate)] + depreciation
- revenue - operating costs - depreciation = annual income
- tax rate = 0?
- depreciation = $900,000 / 12 = $75,000
$145,292.52 = annual income + $75,000
annual income = $145,292.52 - $75,000 = $70,292.52
A credit card issuer is an unsecured creditor and makes money by imposing charges and fees for transactions one performs to transact via a credit card.
<h3>What is a credit card issuer?</h3>
Credit card issuer is the one who offers such credit facility to the consumer over the credibility of the holder in the market. He is an unsecured creditor, as no collateral is recoverable in case of default by cardholder.
A few ways in which card issuer make money on their cards are as follows:
- Charging interest for late payments of credit amount
- Charging a fee to merchants for accepting payments via cards
- Payment gateway fees
- Charges on withdrawal of cash
Hence, the ways in which a credit card issuer or a credit card company earns money is in the ways as aforementioned above.
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The nature of embezzlement can be both minor in nature (for example, a dishonest employee pocketing a few dollars from the cash register), or involve immense sums of money and sophisticated schemes (for example, when the executives of a large company commit expense report fraud to the tune of millions of dollars, ...
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NWC = 1,410 = Current Assets – Current Liabilities = CA - 5,810
=> CA = 1,410 + 5810 = 7,220
Current Ratio = Current Assets/Current Liabilities
= 7,220/ 5,810 = 1.24
Quick Ratio = (Current Assets – Inventory) / Current Liabilities
= (7,220 – 1,315)/ 5,810 = 1.02
Current ratio is 1.67
Quick ratio = 0.88
In general, an appropriate current ratio is one that is comparable to the industry norm or just a little bit higher. The likelihood of distress or default may be increased by a current ratio that is lower than the industry average.
In a similar vein, if a company's current ratio is significantly higher than that of its peer group, it suggests that management might not be making the most use of its resources.
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