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Umnica [9.8K]
3 years ago
11

The Custom Van Corporation currently employs 200 workers. At that level of employment, the average product of labor is 10 Custom

Vans per worker per week. If the marginal product of labor in the factory is 8 Custom Vans per worker per week, then hiring an additional worker will:
Business
1 answer:
emmasim [6.3K]3 years ago
3 0

Answer:

A reduction in average product by 0.01

Explanation:

Current number of workers = 200

Average product of labor = 10 Custom Vans per worker per week

Average product is given as : TP/N

Where TP is the total product and is Unknown, N is the number of workers and it is equal to 200.

Therefore TP = 200*10 = 2000

Marginal product (MP) of labour = 8 custom vans per worker per week.

Hiring additional worker will increase total product (TP) by 8.

New average product = (2000+8)/(200+1) = 2008/201

New AP = 9.99

So hiring an additional product will reduce average product by 0.01

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Which of the following sections of the federal bankruptcy laws deals with consumer debt adjustment plans? a. Chapter 11 b. CRO p
arsen [322]

Answer:

Chapter 13

Explanation:

Federal bankruptcy law is a set of rules that allows the cancellation of certain debts and also specify time for the repayment of non dis chargeable debts. It contains different section that addresses different bankruptcy cases.

Chapter 13 of the law deals with debt adjustment plans. It allows that some loans be re structured and the principal value of the collateral reduced to the market value. Repayment rate can also be lowered and the period extended over a longer period to allow ease of payment.

5 0
3 years ago
On March 1, 2018, Rose Company invests $12,000 in Sprouts, Inc. stock. Sprouts pays Rose a $350 dividend on October 1, 2018. Ros
ANTONII [103]

Answer:

1. Journalize the transactions for Rose's investment in Sprouts' stock:

<u>March 1 2018</u>

Dr Trading securities - Sprouts's stock                12,000

Cr Cash                                                                  12,000

(to record the purchase of Sprout's stock)

<u>October 1 2018</u>

Dr Cash                          350

Cr Dividend Income     350

(to record the dividend receipt from Sprout's stock)

<u>October 31 2018</u>

Dr Cash                                                                      12,250

Cr Gain on disposal of short-term investment            250

Cr Trading securities - Sprouts's stock                   12,000

(to record disposal of Sprout's stock)

2.  Net effect of the investment on Rose's net income for the year ended December 31, 2018: $600.

Explanation:

1. As this investment is short-term investment and is held for sell, fair value methodology should be applied to record this transaction. The detailed journal entries are as in answer part.

2. As fair value methodology is applied, the net income of Rose will include: dividend income + gain on disposal of short-term investment = $350 + $250 = $600.

4 0
4 years ago
The Government must use the solicitation to disclose the precise rating and scoring system to be used by the Source Selection Ev
Marrrta [24]

Answer:

The Government must use the solicitation to disclose the precise rating and scoring system to be used by the Source Selection Evaluation Board (SSEB) to evaluate the Non-Price Factors during the proposal evaluations.

This statement is a False statement.

Explanation:

SSEB tests the technical acceptability of proposals in a fair, accurate and effective manner with established evaluators and makes a valid and reliable evaluation as needed by request. Report information needed to support decisions on competitive range, the sharing of information, the selection of an award submission or the cancelation of an application.

8 0
3 years ago
Bramble Corp. purchased land as a factory site for $1305000. Bramble paid $121000 to tear down two buildings on the land. Salvag
AURORKA [14]

Answer:

Part 1

$1,422,940

Part 2

$331,480

Explanation:

cost of the land calculation

Purchase Price                             $1305000

Cost to tear down building             $121000

Sale of Salvages                               ($8400)

Leagl fees                                           $5340

Total                                            $1,422,940

The cost of the land that should be recorded by Wilson Co. is: $1,422,940

cost of the building calculation

Architect's fees               $47000

Insurance                          $3900

Liability insurance            $4200

Excavation cost               $15480

city for pavement             $9900

Borrowing Costs           $251000

Total                              $331,480

The cost of the building should be recorded by Wilson Co. is $331,480

4 0
3 years ago
What report shows which web pages get the most traffic and highest engagement?.
Lubov Fominskaja [6]

The web pages get the most traffic and highest engagement can be gotten from the all pages report.

<h3>All pages report</h3>

The All Pages report is used to display data using different engagement metrics such as <em>number of page views, average time on page, entrances, bounce rate, and exit rate</em>. Therefore the web pages get the most traffic and highest engagement can be gotten from the all pages report.

The All Pages report displays the top pages on your website based on traffic.

Find out more on all pages report at: brainly.com/question/405739

4 0
3 years ago
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