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Gnom [1K]
3 years ago
10

You have been hired by the No Hassle Collection Agency to provide economic advice. The owner of the agency tells you that No Has

sle's only variable input is the number of collection agents. The hourly wage for collection agents is $40.00. The marginal revenue product curve for collection agents reaches its maximum at five workers with a marginal revenue product of $34.00. What advice would you give this firm?
A. Shut down immediately, as the firm is not able to cover all of its variable costs.
B. Produce as much as possible so as to maximize the difference between the wage paid to collection agents and their marginal revenue product.
C. Hire five collection agents so as to minimize the amount of money the firm will lose.
D. Increase the wage rate paid to collection agents so that their marginal revenue product will increase.
Business
1 answer:
NeX [460]3 years ago
5 0

Answer:

A. Shut down immediately, as the firm is not able to cover all of its variable costs.

Explanation:

Unfortunately, the company contribution is negative. Even at maximum revenue it cannot cover the variable cost needed to produce this revenue. Therefore, is not possible to make a gross profit to afford the rest of the cost. Currently, the company has their fixed cost and the loss from operations.

If it shut down, it will stop the loss from operations and only leave the fixed cost.

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In 2017, Kerry Corp's financial statement showed accrued losses on disposal of unused plant facilities of $3,600,000. The facili
Margarita [4]

Answer:

$1,260,000  Asset

Explanation:

The amount that Kerry Corp should report is as follows:

Amount to be reported = $3,600,000 * 35% = $1,260,000  asset.

Deferred tax arises because of temporary differences which results in future deductible amount. Future deductible amount leads to reduce taxable income and will provide future economic benefits of the company.

8 0
2 years ago
You work for an auto manufacturer and distributor. How could you use information systems to
lawyer [7]
  • We can create a website wherein customers may adapt autos or talk using support personnel as well as other car owners.
  • Users may establish an automated e-mail service to remind automobile owners to check their cars often.
  • It could include a system of information that monitors local client preferences so that vehicles that represent the requirements and wishes of local customers are provided.
  • It can be a company that invests in data techniques that allow it to manufacture new products or effectiveness inside its distribution network, thereby making it a low-cost producer.
  • Data system to improve communication with suppliers and optimize the supply chain for operational excellence.
  • It could assist managers in communicating more effectively with workers, enable item technical development, eliminate cost warehousing or simplify delivery.

Learn more:

brainly.com/question/7283854

4 0
3 years ago
Act II Costumes currently has $120,000 in cash, $340,000 in inventory, and $20,000 in accounts receivable. The company also has
Len [333]

Answer:

Quick ratio = Current assets - Inventory/Current liabilities

= $480,000 - $340,000/$40,000

= 3.5

Current assets = $120,000 + $340,000 + $20,000 = $480,000

Current liabilities = $20,000 + $20,000 = $40,000

Explanation:

Explanation: Quick ratio is the ratio of liquid assets to current liabilities. Liquid assets are current assets less inventory. Liquid assets amounted to $140,000 while current liabilities are $40,000. The division of liquid assets by current liabilities gives quick ratio.                                                                                                                      

5 0
2 years ago
foreign project in Hungary and another in Japan had the same perceived value from the U.S. parent's perspective. Then, the excha
worty [1.4K]

Answer:

The correct answer is higher than that for the Hungarian project.

Explanation:

The break-even point is defined as that point or level of sales in which the total income is equal to the total costs and, therefore, no accounting profit or loss is generated in the operation. It is a mechanism for determining the point at which sales will exactly cover total costs. The breakeven point is also known as the Cost-Volume-Profit ratio, and emphasizes the different factors that affect profit. The break-even point allows determining the minimum number of units that must be sold or the minimum value of sales to operate without losses. The analysis of the break-even point answers the question related to the decisions that must be made about the planning of the profits of a company or an investment project. In this regard, it is convenient to say that the study of any investment project must include the calculation of the sales levels (either in units or in pesos) that are required for  reach operational balance.

7 0
3 years ago
Don sends an e-mail to Eve, promising her a percentage of the amount in a foreign bank account if she will assist in transferrin
aleksandrvk [35]

Answer:

b) cyber fraud

Explanation:

Based on the information provided within the question it seems that this is an example of cyber fraud. This refers to a fraud or deception that is done over the internet with the goal of tricking victims in a variety of different ways in order to steal their money, property or even inheritance. Which is the case in this scenario as Don tricked Eve into providing her U.S. bank account, which he used to gain access and steal all her funds.

4 0
3 years ago
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