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Kobotan [32]
3 years ago
9

Latasha and Jake need to decide which one of them will take time off from work to complete the rather urgent task of shearing th

eir llamas. Latasha is pretty good with a pair of shears; she can shear the llamas in 1 hour. Jake is somewhat slow; it takes him 6 hours to shear the llamas. Latasha earns $120 per hour as a lawyer, while Jake earns $15 per hour as a barber.
Business
1 answer:
Sindrei [870]3 years ago
7 0

Answer:

Jake should shear the llamas.

Explanation:

Latasha can shear the llamas in 1 hour.

Jake takes 6 hours to shear the llamas.

Latasha earns $120 per hour as a lawyer, while Jake earns $15 per hour as a barber.

Latasha can either earn $120 in an hour or shear a llama.

In 6 hours Jake can earn either shear a llama or earn

= $15\ \times\ 6 

= $90

The opportunity cost of shearing llamas is high for Latasha ($120) while, it is lower for Jake ($90). So, Jake should shear the llamas.

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Answer:

SELF - REGULATION

Explanation:

Self - regulation

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3 years ago
Sage Hill Inc. Issues $254,000, 10-year, 10% bonds at 97. Prepare the journal entry to record the sale of these bonds on March 1
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To record final annual interest and bond repayment:

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Mar 1

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On March 1, 1997, the date of issuance, the entry is:

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On each March 1 for 10 years, beginning March 1, 1997 (ending March 1, 2017), the entry would be (Remember, calculate interest as Principal x Interest Rate x Time)

Mar 1

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8 0
3 years ago
If the absence of an agreement to the contrary in partnership, what are the all partners entitled?
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Answer:

d) All of above​

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In the absence of a partnership agreement, the law prescribes that partners share profits and losses equally. All partners assume equal rights to responsibilities and liabilities.

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