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Anit [1.1K]
3 years ago
13

Suppose the marginal benefit the owner of a cherry orchard derives from hiring Lauren to pick cherries is $8 per hour. If the wa

ge rate that Lauren earns is $7 per hour, then the orchard owner's surplus from Lauren's labor is ________ per hour.
Business
1 answer:
Sever21 [200]3 years ago
7 0

Answer:

$1 per hour

Explanation:

Data provided in the question

Lauren pick cherries per hour for $8 per hour

And, the wage rate that Lauren earns is $7 per hour

So, the surplus made from Lauren's labor per hour is

= Lauren pick cherries per hour - Wage rate that Lauren earns

= $8 per hour - $7 per hour

= $1 per hour

Simply we deduct the wage rate from the cherries per hour so that the surplus per hour could come

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Neumann Corporation is planning to issues bonds with a face amount of $2 million. If Neumann's accountant, Betty, wants to calcu
aalyn [17]

Answer:

1. Present value

2. Market

Explanation:

Neumann Corporation is planning to issues bonds with a face amount of $2 million. If Neumann's accountant, Betty, wants to calculate the expected issue she should calculate the present value of the related future cash payments using the market interest rate.

3 0
3 years ago
Read 2 more answers
Piechocki Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets
nadya68 [22]

Answer:

$ 49,640

Explanation:

The question is asking for PLANNING BUDGET

Planning Budget does not in anyway mean flexible budget.

So the quantity of units for Planning Budget would be what the company budgeted that is 7,300 units

The next step in the solution to the question will be to know the cost per unit. For Direct Labor the price given is $ 6.80 per unit

Total Direct Labor for May in the planning budget would be 7,300 X 6.80 = $ 49,640

6 0
3 years ago
Dan Pink argues that for 21st century tasks in creative businesses the mechanistic, reward-and-punishment approach will not work
Ber [7]

Answer: True

Explanation:

This statement is true. Dan Pink argued that when it came to creative businesses, it would be best to use intrinsic as opposed to extrinsic rewards to encourage employees as extrinsic rewards such as money could constrain creativity.

Intrinsic rewards are those that are psychologically rewarding such as giving employees tasks that are fulfilling and make them feel part of the team as well as positive feedback from employers.

8 0
2 years ago
Telecom Co. enters into a​ two-year contract with a customer to provide wireless service​ (voice and​ data) for​ $40 per month.
Sergio039 [100]

Answer:

The answer is: C) There are two distinct performance obligations: the wireless service and the phone.

Explanation:

Performance obligation refers to a promise made by a company to deliver a good or service to a customer. A series of goods or services that are very similar and are transferred at the same time to a customer can be considered as one single performance obligation.

For example, the voice service and the data service are considered one single wireless service. But the cellphone is totally different so it has to be considered a separate performance obligation.

7 0
2 years ago
FIFO and LIFO Costs Under Perpetual Inventory SystemThe following units of a particular item were available for sale during the
Sidana [21]

Answer:

FIFO - $22,880

LIFO - $21,120

Explanation:

The FIFO inventory system means first in, first out. It means the initial inventory is the first to be sold. The ending inventory would consist of the last purchased inventory.

Ending inventory = 52 ×$440 = $22,880.

The LIFO inventory system means last in, first out. It means the last purchased inventory are the first to be sold . The ending inventory would consist of the initial inventories.

Ending inventory = (36 units × $400) + [(52-36) × 420] =$14,400 + $6,720 = $21,120

I hope my answer helps you

5 0
3 years ago
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