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nikklg [1K]
3 years ago
6

Juanita is trying to convince the owner of a jewelry store to hire her. She argues that she could help the shop sell an addition

al three rings per day for a profit of $20 each. If the facts are not in dispute, but the owner does not hire her, then a. the wage rate must be < $60 per day. b. hiring Juanita would involve a negative marginal product. c. the wage rate must be more than $60 per day. d. the wage rate must be < $20 per day.
Business
1 answer:
viva [34]3 years ago
5 0

Answer:

a. the wage rate must be < $60 per day.

Explanation:

Additional sale due to Juanita = $20 [tex]\times[/tex/ 3 = $60 each day.

In this case additional revenue = $60 per day, thus the cost shall be less than $60 per day, this is with the basic assumption that all the fixed cost is recovered originally before Juanita's appointment, as now each variable cost has to be recovered, we have additional profit of $60 per day, so therefore cost shall not exceed additional revenue, as this will lead to loss, therefore her wage rate shall be less than $60 per day.

Final Answer

a. the wage rate must be < $60 per day.

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Fischer Company has outstanding 8,000 shares of $100 par value, 5% preferred stock, and 50,000 shares of $1 par value common sto
nikklg [1K]

Answer:

The appropriate solution is "$130,000".

Explanation:

The given values are:

No. of common shares outstanding

= 50,000

Dividend per share

= $1.80

No. of preferred shares outstanding

= 8,000

Dividend per share

= $5

Now,

The total dividend on common shares will be:

=  No. \ of \ common \ shared \ outstanding\times Dividend \ per \ share

On substituting the values, we get

=  50,000\times  1.80

=  90,000 ($)

The total dividend on preferred stock will be:

=  No. \  of \ preferred \ shares \ outstanding\times Divided \ per \ share

On substituting the values, we get

=  8,000\times 5

=  40,000 ($)

Hence,

The total dividend paid by company will be:

=  Total \ dividend \ on \ common \ shares +Total \ dividend  \ on \  preferred \ stock

=  90,000+40,000

=  130,000 ($)

Thus the above is the correct answer.

4 0
3 years ago
Select the incorrect statement regarding relevant costs and revenues. Group of answer choices Sunk costs are never relevant for
raketka [301]

Answer:

The incorrect statement regarding relevant costs and revenues:

To be relevant, a cost or revenue must not be future-oriented and must differ between the alternatives.

Explanation:

For a cost or revenue to be considered as relevant, it must be incurred or earned at a future time.  It must also differ between the options available for decision making.  A cost or revenue cash flow is relevant if it arises from a management decision and can be avoided.  This simply means that if the cost or revenue is not affected by management decision or does not make any difference in decisions, it is not relevant.

6 0
3 years ago
You’ve been asking students to watch short videos for homework instead of reading the textbook. Students seem to be prepared for
patriot [66]

Answer:

The correct answer is the option B: include the video on a slide deck.

Explanation:

To begin with, in the situation where the teacher is trying to encourage the use of the virtual tools instead of the old textbook so therefore the students can do their homework in a way that is more interactive and dynamic then in order to know if they are doing it the teacher should include the video on a slide deck so in that way when they see the video they will have some comprehensive questions to answer and bring to the classroom or to think about and later ask them, so in that way the teacher would be able to know is they are watching or not the videos.

7 0
3 years ago
Read 2 more answers
The income section of a budget will include your
Amiraneli [1.4K]

Answer:

savings

Explanation:

8 0
3 years ago
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Supply costs at Lattea Corporation's chain of gyms are listed below: Client-Visits Supply Cost March 11,665 $28,579 April 11,461
mario62 [17]

Answer:

<em>$0.48 per client-visit; $22,856 per month</em>

Explanation:

Where,

y2 is the total cost at highest level of activity;                                                                       y1 is the total cost at lowest level of activity;                                                                      x2 are the number of units/labor hours etc. at highest level of activity; and                           x1 are the number of units/labor hours etc. at lowest level of activity

<em>Variable Cost per Unit </em>

= (28,904 -28,227) / (12,600-11,199)

= $0.48

<em> Total Fixed Cost </em>

= y2 ? bx2

= 28,904 - $0.48 * 12600

= $22,856.00

3 0
3 years ago
Read 2 more answers
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