Answer:
The wage per hour must be paid in the second year is $11.021 per hour.
Explanation:
Please find the below for detailed explanations and calculations:
We have the real wage stipulated in the contract must be grown at 3% in second year in comparison to first year.
Thus, the nominal pay rise must grow at the higher rate than 3%, in the way that it may cover the effect from inflation to ensure real rise is 3% as agreed in the labor contract.
As a result: Nominal increase (%) = (1+ real increase rate) x CPI of second year in comparison to first year - 1 = (1+3%) x 1.07 -1 = 10.21%.
=> Wage per hour must be paid in the second year = Wage per hour in first year x ( 1 + Nominal increase) = 10 x (1 + 0.1021) = $11.021.
When a bad debt is written off, the thing that should be fine is an entry to reinstate the account receivable and and entry to record payment.
<h3>What is a bad debt?</h3>
A bad debt simply means an uncollectible account expense that's unlikely to be paid by a debtor.
When an account previously written off is collected in full, to ensure the accounting for the complete payment history of the customer, it's important to reinstate the account receivable and and entry to record payment.
Learn more about bad debt on:
brainly.com/question/24871617
Answer:
As the contibution of the product is positive the company shoudl continue to produce it in the short-term
If the brand is discontinued then, as the fixed csot are common they will bean additional burden for the other brands. CUrrently Brand A covers most of theri allocated fixed cost
Removing it will decrease the income by the amount of their contribution
$220,645,1
They should be continued.
Explanation:
contribution margin per widget:
310 - 238 = 72
contribution margin ratio:
72 / 310 = 0,232258064516129
Contribution at 950,000 sales:
950,000 x 0.232258 = 220645,1
Answer:
240= 3Qc + 3Qd
Explanation:
The computation of the Daniel's budget constraint is shown below;
Given that
Daniel's income= $240
Price of cake (Pc) =$3
Price of donuts (Pd) =$3
So spending on cake = 3Qc
And,
Spending on donut= 3Qd
Finally
Total spending = 3Qc + 3Qd
Now the equation of budget constraint is
Income= (quantity of cake)(price of cake) + ( quantity of donut)(price of donut)
So,
Income= Qc Pc+ Qd Pd
240= 3Qc + 3Qd
Answer: a. $3,400 households
b. No.
Explanation:
a. The cost of the statue is $17,000 and each household is asked to contribute $5 to help cover the cost. To find out how many families one can divide the amount needed by the amount asked of the households,
= 17,000/5
= 3,400 households
If 3,400 households each pay $5 then the town of Artville will be able to afford the statue.
b. This question speaks to a social problem referred to a the Free-rider problem. This is when people in society benefit from something without contributing fairly towards the benefit they are accruing from the thing. 3,000 households out of 4,000 are expected to be free-riders. This means that only 1,000 will cover the cost of the statue.
If those 1,000 households pay the $14 required, the town would only raise,
= 1,000 * 14
=$14,000
$14,000 is less than the cost of the statue which is $17,000 and so the town of Artville will have to do without a statue as they simply cannot afford one.
