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Artyom0805 [142]
2 years ago
10

Joe Fixit has an appliance-repair business. He has more business than he can handle and wants to hire another repair person. Joe

estimates that three appliances can be repaired each hour by a qualified person. Joe bills out labor at $45 per hour, but he stipulates that the minimum charge for appliance-repair estimates is $30 plus parts. What is the marginal revenue product of a qualified repair person
Business
1 answer:
Pavlova-9 [17]2 years ago
3 0

Answer:

The marignal revenue that another worker would bring to Joe under these circumstances is $90.

If joe hires a new worker, the worker can repair 3 appliances per hour, and the mininum charge for appliance-repair is $30 plus parts. The marignal revenue is:

$30 x 3 appliances = $90

Because wages are equal to the marginal product of labor, the maximum amount that Joe would pay to a new person is $90.

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True or false The fair Labor standards Act ( FLSA) requires that all employees receive time- and -half for work in excess of 40
Gnoma [55]

Answer:

Yes, all. A non-exempt employee is eligible for overtime/compensatory time for hours in excess of 40 in a given week.

6 0
2 years ago
An online recruiting website offers business customers up to 25 job postings per year costing $75 each. If a company posted 15 j
DaniilM [7]

Answer:

$1,035

Explanation:

Each job costs $75

Job posted 15 jobs

Total  income = $1,125. ($75X$15)

8% sales tax =$90 (0.08 x $ 1, 125)

                 

Total cost= $ 1,123- $90

                  =$1,035

4 0
3 years ago
Romero Inc.manufactures paper products from 100 per cent recycled scrap.One set of workers at Romero Inc.has the full-time job o
KATRIN_1 [288]

Answer:

e

Explanation:

5 0
2 years ago
The market has an expected rate of return of 12.6 percent. The long-term government bond is expected to yield 5.8 percent and th
natulia [17]

Answer:

The market risk premium is 9.3%

Explanation:

Market risk premium can be obtained by calculating the difference between the expected return on the market and the risk-free rate.

In the question given, the risk rate fee refers to the US treasury bill.

Therefore,

Market risk premium = market rate-risk free rate

= (12.6% - 3.3%)

= 9.3%

So, in the question given, the market risk premium is

9.3%

5 0
3 years ago
Swifty Industries purchased $10,100 of merchandise on February 1, 2020, subject to a trade discount of 10% and with credit terms
Sonbull [250]

Answer:

     perpetual method

Inventory  9090 debit

Accounts Payable  9090 credit

--to record purchase--

Accounts Payable  2340 debit

Inventory          2340 credit

--to record returned goods--  

Accounts Payable  6750 debit

Inventory       202.5 credit

Cash              6547.5

--to record payment within discount--  

     periodic method:

Purchase   10,100 debit

Accounts Payable  10,100 credit

--to record purchase--

Accounts Payable  2,600 debit

Purchase Returns           2,600 credit

--to record returned goods--  

Accounts Payable      7,500 debit

Purchase Discount and Allowance  952.5  credit

Cash                              6547.5 credit

--to record payment within discount--  

Explanation:

Perpetual mehod;

          10,100 x (1 - 10%) = 9,090

           2,600 x (1 - 10%) = 2,340

balance   9,090 - 2,340 = 6,750

discount 6,750 x 3% = 202.5

Period method:

purhcase 10,100

return 2,600

discount and allowance: 7,500 - 6,547.5 = 952.5

8 0
3 years ago
Read 2 more answers
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