The correct answer that corresponds to the given question is
letter b, when children tend to enter the same or the similar occupation as
their parents. It is because mercantilism is being defined as a belief in which
there is benefits to be obtained when undergoing a profitable trading.
Answer:
Annual deposit= $99,722.29
Explanation:
Giving the following information:
Future value (FV)= $1,750,000
Number of years (n)= 10
Interest rate (i)= 12%
<u>To calculate the annual deposit, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,750,000*0.12) / [(1.12^10) - 1]
A= $99,722.29
Answer:
A Martin Company
1. Income statement
unit sold <u> 11,500</u>
Sales $466,900
Production cost (11,500*$28) $322,000
Gross Profit 144,900
Annual selling and administrative expenses <u> (59,700)</u>
Net Income <u> 85,200</u>
Desired reurn on investment = Net Income = 12%*710,000
= $85,200
Mark-up = Net income/cost = $85,200/$322,000 = 26.5%
sales = $466,900
B.
SHIMADA PRODUCTS CORPORATION
Target cost = Estimated selling price - desired profit
= $15 - $3.6 =
= $11.4
Desired profit per unit = ( 12%*11880,000)/396,000
= $3.6
Explanation:
Answer:
d. the increases in wheat harvested will get smaller and smaller.
Explanation:
A marginal rate of technical substitution (MRTS) can be defined as an economic principle which is typically used to represent the rate at which a factor such as capital must decrease so that the same level or quantity of production is maintained when another factor such as labor is changed (increased).
An isoquant is the slope of a marginal rate of technical substitution (MRTS) which connects the two input factors provided that the level of output or production is the same.
Also, the diminishing marginal rate of technical substitution refers to the decline (fall) in marginal rate of technical substitution (MRTS) along an isoquant that produces the same quantity (level) of output.
When an isoquant has a diminishing marginal rate of technical substitution, the corresponding isoquants are convex to the origin. Thus, the marginal rate of technical substitution (MRTS) would continue to diminish as more of a factor such as capital is used.
If we add successive laborers to work a given amount of land on a wheat farm, eventually the increases in wheat harvested will get smaller and smaller.
Answer:
Total manufacturing cost= $23,730
Explanation:
Giving the following information:
The company allocates manufacturing overhead based on machine hours.
Job 798:
Direct materials used $ 4,900
Direct labor hours worked 330
Machine hours used 425
Direct labor rate per hour $ 21
Predetermined overhead rate based on machine hours $ 28
Total manufacturing cost= direct material + direct labor + MOH
Total manufacturing cost= 4900 + 330*21 + 425*28= $23,730
