Answer: Increase the treasury stock account and decrease the cash account by $36,000.
Explanation:
The journal entries that would be used to record the purchase of treasury stock will be to increase the treasury stock account and decrease the cash account by $36,000.
Note that the $36000 was calculated as:
= 1,000 shares × $36 per share
= $36,000
$9 is the marginal revenue for forty first unit.
The increase in revenue that comes from selling one more unit of output is known as marginal revenue. Although marginal revenue can remain constant at a certain level of output, it will eventually start to decline as the output level rises due to the law of diminishing returns.
According to economic theory, firms that are completely competitive keep on producing goods until marginal revenue and marginal cost are equal. Multiple situations call for the usage of marginal revenue. Businesses examine the market's client demand for items using historical marginal revenue data. Additionally, they set the most effective and efficient pricing using the information. Last but not least, businesses rely on marginal revenue to better comprehend estimates; from this data, future production schedules, such as planning for material requirements, are then derived.
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Answer:
26.67%
Explanation:
Employed person = 27 million
Unemployed person = 3 million
Total labour force = Number of people employed + Number of people unemployed
Total labour force = 27 million + 3 million
Total labour force = 30 million
Unemployment rate = Number of people unemployed + Remaining people / Total labour force
Unemployment rate = 3 million + 5 million / 30 million
Unemployment rate = 8/30
Unemployment rate = 0.2666667
Unemployment rate = 26.67%
Hence, the unemployment rate equals 26.67%
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Answer:
Omar is paid on a <u>FIXED RATIO</u> schedule whereas Vincenzo is paid on a <u>VARIABLE RATIO</u> schedule.
Explanation:
When someone gets paid on a fixed ratio schedule, they are getting paid for every determined amount of time worked or tasks performed, e.g. you get paid $23 per hour, regardless of how much work you do.
Generally salespeople are paid using a variable ratio schedule because most (or all) of their salary is based on sales commissions. That means that the more they sell, the more money they earn, e.g. a salesperson is paid 3% of total sales.