Padded cloth gloves can protect your hands from what hazards

We can show that a profit-maximizing firm will hire the number of workers such that the wage is equal to the value of the margi

jok3333 [9.3K]

Answer:

No, these two rules are not inconsistent.

Explanation:

A profit-maximizing firm will hire the number of workers such that the wage is equal to the value of the marginal product of labor.

But, a profit-maximizing firm will also produce the quantity of output at the level where price equals marginal cost.

But this does not mean that these two rules contradict or are not consistent. Hiring workers at the level where their wage is equal to the marginal product of labor helps the firm in reaching the point where the price of the product is equal to the marginal cost of production.

8 0

3 years ago

what is the estimate of walmart's long term growth assuming the constant growth period started in 2014 when the dividend per sha

Ksivusya [100]

The estimation of Walmart's long term growth assuming the constant growth period started in 2014 when the dividend per share was $1.89 is $42.60 is the answer in % terms w/o the % sign.

The solution to the above mentioned equation is given below.

$42.60 is the answer in % terms w/o the % sign.

Given about Walmart's stock,

required return r = 7%

Growth rate g = 1.93%

Last dividend D0 = $2.12

So expected dividend in 2021 is D1 = D0*(1+g) = 2.12*1.93 = $2.16

So, Current stock price can be calculated using constant growth model,

Current stock price P0 = D1/(r-g) = 2.16/(0.07-0.0193) = $42.60

To learn more about Walmart's, visit here:

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6 0

1 year ago

Suppose the entire banking system has $50 million in excess reserves and a required reserve ratio of 10 percent. The deposit-cre

Novosadov [1.4K]

Answer: $500 million

Explanation:

The required reserve ratio is the fraction of the total deposit that a bank recieves which is mandated by the central bank to be kept and should not be given out.

If the entire banking system has $50 million in excess reserves and a required reserve ratio of 10 percent. The deposit-creation potential of the banking system will be:

= $50million/10%

= $50million/0.1

= $500 million

7 0

4 years ago

Kimble Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under-

likoan [24]

Answer:

overhead rate $4 per machien hour

applied overhead 1,560,000

The overhead was underapplied for 15,000

entry to adjust against COGS

Cost of Goods of sold 15,000 debit

Factory overhead 15,000 credit

Explanation:

$\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate$

we divide the expected overhead over the total amount of budgeted machine hours to determinate the overhead rate:

1,600,000 / 400,000 = $4 per machine hours

Actual machine hours 390,0000

applied overhead:

actual cost driver x rate per driver

390,000 x $4 = 1,560.000‬ applied overhead

Actual overhead 1,575,000

As aplies is lower, we should adjust for 15,000 difference

5 0

3 years ago

The following amounts were reported on the December 31, 2019, balance sheet:

Elina [12.6K]

Answer:

a. $50,000

b. 2.25 times

c. 0.75 times

Explanation:

a. The formula to compute the working capital is shown below:

Working capital = Current assets - current liabilities

where,

Current assets = Cash + accounts receivable + merchandise inventory

= $16,000 + $44,000 + $60,000

= $90,000

And, the current liabilities would be

= Wages payable + accounts payable

= $10,000 + $30,000

= $40,000

Now put these values to the above formula

So, the value would be equal to

= $90,000 - $40,000

= $50,000

b. Current ratio = Total Current assets ÷ total current liabilities

= $90,000 ÷ $40,000

= 2.25 times

c. Acid-test ratio = Total Current assets - merchandise inventory ÷ total current liabilities

= $90,000 - $60,000 ÷ $40,000

= 0.75 times

7 0

4 years ago