Answer:
$4000 is the correct answer to the given question .
Explanation:
The marginal cost with compare to the labor can be written as
Here K=9 units putting this value in the previous equation we get
We can find the value of labor by the given formula that are given below
From the given question that are mention in question
Q = 2(K)1/2(L)1/2
Putting the value of K and L in the given equation we get
So profit maximizing output is =$60 chairs as the chairs can be sold for the $400 each so = $60 * $400 *10=$24000 chairs
As the competitive wage of $120 for 100 units as well as the total of $8,000 on the 9 units of capital equipment
=$20000
Therefore profit-maximizing level of output =$24000-$20000=$4000
Are the sum of a company's profits, after dividendpayments, since the company's inception. They are also called earned surplus, retained capital, or accumulated earnings.
(EXAMPLE):
Let's assume Company XYZ has been around for five years. During this time, it reported the following net income:
Year 1: $10,000
Year 2: $5,000
Year 3: -$5,000
Year 4: $1,000
Year 5: -$3,000
Assuming Company XYZ paid no dividends during this time, XYZ's retained earnings equal the sum of its net profits since inception, or in this case, $8,000. In subsequent years, XYZ's retained earnings will change by the amount of each year's net income, less dividends.
The retained earnings statement summarizes changes in retained earnings for a fiscal period, and total retained earnings appear in the shareholders' equity portion of thebalance sheet. This means that every dollar of retained earnings means another dollar of shareholders' equity ornet worth.
A company's board of directors may apprompany's retained earnings when it want to restrict dividend distributions to shareholders. Appropriations are usually done at the board's discretion, although bondholders and other circumstances may contractually require the board to do so. Appropriations appear as a special account in the retained earnings section. When an appropriation is no longer needed, it is transferred back to retained earnings. Because retained earnings are not cash, a company mayfund appropriations by setting aside cash or marketable securities for the projects indicated in the appropriation.
Why its important
It is important to understand that retained earnings do not represent surplus cash or cash left over after the payment of dividends. Rather, retained earnings demonstrate what a company did with its profits.
Answer:
a. $210,000
b. 21.69 times
c. 16.83 average days to collect receivables
Explanation:
a. Ending balance of accounts receivable
= Beginning account receivable + Net credit sales - Cash collections
= $140,000 + $3,795,000 - $3,725,000
= $210,000
b. Account receivable turnover
= Net credit sales ÷ [(Beginning inventory + Ending inventory)/2]
= $3,795,000÷ [($140,000 + $210,000)/2]
= $3,795,000 ÷ $175,000
= 21.69 times
c. Average collection period in days
= Average account receivable ÷ [ Annual sales ÷ 365]
= $175,000 ÷ [$3,795,000 ÷ 365]
= $175,000 ÷ $10,397
= 16.83 average days to collect receivables
Answer:
mechanistic
Explanation:
Based on the information provided within the question it can be said that the type of organization being mentioned is a mechanistic organization. This the the type of organization that tethers employees to their specific jobs/tasks. This is done in order to make sure that each individual has a job that is stable and easily controlled.
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Answer:
The correct answer is Disagree because they have different scientific judgements.
Explanation:
Obviously, what is demonstrated in the previous situation is that the two economists think differently. For this reason, they have different judgments from a training that allows them to recognize the events and propose alternatives to the problems presented.
Value judgments are the criticisms or comments that all people make towards other people or things depending on our perspectives or tastes.
Scientific judgments are always objective and are made with the scientific method, and are made with observation and verification.
We make moral judgments based on the "good or bad" human acts of a person and thus to discover their morality.
