Answer:
C) 50
Explanation:
The additional output produced as a result of employing an additional unit of the variable factor input is called the Marginal Product.
Here we have to calculate the number of additional guests that can be served by the third waiter or marginal product of the third waiter.
Marginal Product of the third waiter = Number of guests served by 3 waiters - Number of guests served by 2 waiters
Marginal Product of the third waiter = 120 guests - 70 guests = 50 guests.
Hence, the marginal product of the third waiter is 50 guests.
Answer:
I used an excel spreadsheet to record this transactions on an accounting equation.
Practice Makes Perfect, Inc.
Income Statement
For the month ended July 31, 202x
Revenues $2,000
Expenses:
- Advertising expense $500
- Rent expense $1,000
- Wages expense $1,000
- Supplies expense $300
- Depreciation expense $750
- Interest expense $417 <u> ($3,967)</u>
Net income ($1,967)
Practice Makes Perfect, Inc.
Balance Sheet
For the month ended July 31, 202x
Assets:
- Cash $99,783
- Accounts receivables $1,800
- Supplies $1,700
- Pianos $47,250
Total assets $150,533
Liabilities:
- Accounts payable $2,500
- Notes payable $50,000
Total liabilities $52,500
Stockholders' equity
- Common stock $100,000
- Retained earnings ($1,967)
Total stockholders' equity $98,033
Total liabilities + equity $150,533
1,244 but ima follow so 1,245
The first and most essential step towards doing what you love is identifying what it is exactly that you want to do. Then you can go about creating short and long-term goals and finding ways to achieve those goals.