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3 years ago

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Corey has two jobs offers for sales jobs. For job A, he would earn a monthly salary of $2,500 and no commission. For job B, he w

ould earn $1,000 per month and commission of 5% on all sales. Which would pay more if his sales are $50,000 per month?

1 answer:

maks197457 [2]3 years ago

7 0

Answer:

job B

Explanation:

.05*50000=2500 and he gets 1000 so his total would be 3500

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Your parents will retire in 19 years. They currently have $300,000, and they think they will need $1 million at retirement. What

Svetlanka [38]

Answer:

rate = 6.54%

Explanation:

we need to find the rate at which a capital of 300,000 becomes 1,000,000 in a period of time of 19 years.

<u>So we build the following equation:</u>

$300,000 (1+r)^{19} =1,000,000$

$(1+r)^{19} =1,000,000 \div 300,000$

$r=\sqrt[19]{1,000,000 \div 300,000}-1$

rate = 0.065417765 = 6.54% after rounding

This will be the rate my parent will require to generate 1,000,000 in 19 years with their current savings of 300,000.

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3 years ago

If we add successive laborers to work a given amount of land on a wheat farm, eventually:____.

Alexus [3.1K]

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.

6 0

3 years ago

Read 2 more answers

Concord Corporation has beginning work in process inventory of $164000 and total manufacturing costs of $486000. If cost of good

bazaltina [42]

Answer:

a. $190000.

Explanation:

begining WIP 164,000

Total cost added during the period <u> 486,000 </u>

total cost to be accounted for: 650,000

cost of goods manufactured <u> (460,000) </u>

ending Work In process 190,000

The ending WIP will be the cost of the unfinished goods.

The beginning and the cost added during the period, will be the total cost to be accounted for.

Then the cost of goods manufactured is subtracted as, these are transferred-out to finished goods.

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3 years ago

Customer service, with respect to inventory management, means:

horsena [70]

Answer:

c) whether the product is available when the customer wants it.

Explanation:

Inventory management refers to maintaining adequate levels of products with the goal of keeping the costs low. However, how the inventory is managed has an important effect in customer service because you need to have a good level of inventory that allows you to keep the customer happy by having the products available when they want them.

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3 years ago

What is owners’ equity for 2015 and 2016? b. What is the change in net working capital for 2016? c. In 2016, Cabo Wabo purchased

Pachacha [2.7K]

Answer:

The concluding part of this question is below:

Partial Balance Sheets as of December 31, 2015 and 2016

Current Assets 2015: $2,718 2016: $2,881 Current Liabilites 2015: $1,174 2016: $1,726

Net Fixed Assets 2015: $12,602 2016: $13,175 Long Term Debt 2015: $6,873 2016: $8,019

2016 Income Statement

Sales $40,664

Costs $20,393

Depreciation $3,434

Interest paid $938

a.Owner's is the balancing figure using the equation Assets=Capital+Liabilities

Which are $7273 and $6311 respectively

b.Change in net working capital=Ending NWC-Opening NWC

=($2881-$1726)-($2718-$1174)

=$-389

C.fixed asset sold==$12602+$7160-$3434-$13175=$3153

(beginning Net Fixed Asset+purchases-depreciation-ending Net Fixed asset)

Cash flow from assets for 2016: = Cash flow from operations - Capital spending - Change in NWC

Cash flow from operations = EBIT + depreciation-taxes = $16837+$3434-$6360 = $13912

Capital spending = Ending Fixed assets -Beginning Fixed assets + depreciation = $13175-$12602+$3434 = $4007

Change in NWC = - 389 (calculated under above)

Therefore, cash flow from assets = $13912-$4007-(-)$

389 = $10,294

Total debt paid during the year = Opening debt - closing debt + new debt

=$6873-$8019+$2155 = $1009

Cash flow to creditors = Opening debt - closing debt + interest expense= $6873-$8019+$938 = -$208

Explanation:

BALANCE SHEETS 2015 2016 INCOME STATEMENT FOR 2016

Current assets 2718 2881 Sales 40664

Net fixed assets 12602 13175 Costs 20393

15320 16056 Depreciation 3434

Current liabilities 1174 1726 EBIT 16837

LT debt 6873 8019 Interest 938

Owners' equity 7273 6311 EBT 15899

(15320-1174-6873)(16056-1726-8019) Tax at 40% 6360

5320 16056 Net Income 9539

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3 years ago