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3 years ago

The principle of increasing marginal opportunity cost states that the more resources devoted to any activity, the

Business

1 answer:

Ne4ueva [31]3 years ago

8 0

I guess the answer is the smaller the payoff to devoting additional resources to that activity.

The principle of increasing marginal opportunity cost states that the more resources devoted to any activity, the smaller the payoff to devoting additional resources to that activity

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The Pinetop Corporation issues 1,000 shares of 6%, $100 par value preferred stock at the beginning of 2014. All remaining shares

lidiya [134]

Answer:

$12,000 and $6,000

Explanation:

For computing the dividend, first we have to find out the yearly dividend which is shown below:

= Number of shares × par value per share × dividend rate × number of years

= 1,000 shares × $100 × 6% × 2 years

= $12,000

Out of $18,000, the $12,000 will be paid to preferred stockholders and the remaining $6,000 will be paid to common stockholders

5 0

3 years ago

Gavin tells Rod that he will pay him $400 to paint his house. Rod starts to paint, intending to accept. Halfway through his pain

natta225 [31]

Answer:

Gavin is allowed to revoke if he finds Rod's efforts half-hearted

Explanation:

given data

Gavin pay for paint his house = $400

solution

as given Gavin pay Rod for paint his house at $400 but Gavin want to revoke the offer so Either he accepts, or he does not accept the offer.

If he starts to paint the offer, and Gavin doesn't like his work, the offer may be canceled.

so scenario is Gavin is allowed to revoke if he finds Rod's efforts half-hearted

7 0

2 years ago

Assume that microbrewery beer is a normal good. Prices of microbrewery beer have risen steadily in recent years. Over this same

Shkiper50 [21]

Answer:

The correct answer is option D.

Explanation:

Microbrewery beer is a normal good. Its prices have increased recently in recent years. The prices for fermenting vats used in beer have also risen and the consumer income has fallen.

Since beer is a normal good an increase in its price and decrease in the consumer income will decrease its demand. As a result, the demand curve will move to the left, decreasing the price of the product.

At the same time, the increase in the price of fermenting vats will increase the cost of producing beer. This will cause the supply of beer to decrease.

This will cause the supply curve to shift to the left. If the leftward shift in the supply curve is more than the leftward shift in demand, the price of beer will increase.

4 0

2 years ago

Paddy has lots of cousins. With a family reunion in the near future, Paddy decides to collect income information for himself and

Trava [24]

Answer:

37.9%, lower

Explanation:

Paddy has lots of cousins. With a family reunion in the near future, Paddy decides to collect income information for himself and all his cousins. He obtains the following data points: $52,000, $22,000, $92,000, $8,000, $118,000, $62,000, $38,000, $14,000, $132,000, $46,000, $26,000, $96,000, $54,000, $110,000, $80,000. The share of income received by the highest quintile of this income distribution is <u>37.9%</u>, which is <u>lower</u> than that for the highest quintile of the U.S. income distribution in 2005.

8 0

3 years ago

During June, Buttrey Corporation incurred $84,000 of direct labor costs and $24,000 of indirect labor costs. The journal entry t

Natali [406]

Answer:

debit to work in process of $84,000

Explanation:

Preparation of The journal entry to record the accrual of these wages

The journal entry to record the accrual of these wages would include a: DEBIT TO WORK IN PROCESS of 84,000

Debit work in process $84,000

Credit to factory payroll $84,000

(To record the accrual of wages)

Therefore The journal entry to record the accrual of these wages would include a: debit to work in process of $84,000

3 0

2 years ago