Answer: B. The firm hires 45 workers and earns a $1200.00 Economic Profit
Explanation:
According to the table, when the Market Equilibrium Wage Rate is $105, the number of workers to hire would be 45 and the revenue would be $7,425.
If 45 workers are hired, they would cost:
= 45 * 105 per worker
= $4,725
Added to the fixed cost, the total cost would be:
= 4,725 + 1,500
= $6,225
The profit would be:
= Revenue - cost
= 7,425 - 6,225
= $1,200
Answer:
(a) $21,000
(b) $112,000
(c) $34,000
Explanation:
Accounting equation is as follows:
Assets = Liabilities + Owner’s Equity
(a) $80,000 = $59,000 + Owner’s Equity
$80,000 - $59,000 = Owner’s Equity
$21,000 = Owner’s Equity
(b) Assets = $47,000 + $65,000
= $112,000
(c) $88,000 = Liabilities + $54,000
$88,000 - $54,000 = Liabilities
$34,000 = Liabilities
Answer:
d. 130
Explanation:
Using the given date to calculate Reorder Point:
Reorder Point = (Average demand*Lead time) + Safety stock
Reorder Point = (20*4) + 50
Reorder Point = 80 + 50
Reorder Point = 130
Thus, the ROP is <u>130</u>.
Answer:
The answer is: C) The minimum price sellers are willing to accept to sell an extra unit of a good.
Explanation:
A normal supply curve should move upward from left to right. The expresses the Law of Supply: (given that all other factors remain without change) As the price of a product increases, the quantity supplied should also increase.
For example:
An ounce of gold costs right now $1,500 and 100 ounces of gold are being traded right now at that price. If a new buyer comes in and wants to buy the 101th ounce of gold, then following a normal supply curve, the new buyer would need to pay more for that extra ounce of gold, maybe $1,510.
What the supply curve shows us is that given a certain price Y, a company will be willing to sell X amount of goods. The more demand a product has (X + 1) > X, then the price Y will increase until a new balance is found.
Answer:
The correct answer is the option B: a net present value greater than zero.
Explanation:
To begin with, when it comes to this type of terms regarding investment and discount rate it is necessary to talk about the concept known as "Capital Budgeting" that it comes from the business field and refers to the process of planning the company's long term investments regarding the buying of new machinery, new plants, products and more. Therefore that its formula seeks for the project whose net present value is greater than zero according to its discount rate as well. That is why that one of the major focus of this process is to increase the value of the assets in the company so that the shareholders are satisfy with its increase.