Answer:
The marginal revenue product has a property known as diminishing marginal return.
The property of diminishing marginal return tells us that theres an amount of input that maximizes revenue, and after this point is reached, additional units of input less addional revenue until diminishing it.
In this example, the Collection Agency is way past the maximum revenue point (located at $34.00 per worker). It needs to lay off employees until it goes from the current $40.00 marginal revenue product, until $34.00 marginal revenue product.
Answer:
d)
Dr Cash 2,702,942
Dr Discount on bonds payable 197,058
Cr Bonds payable 2,900,000
Explanation:
The bonds payable represents the face value of the bonds. On the other side, you have to register the cash that was received, and the difference is the discount on bonds payable. if the bonds are sold at a premium, then the amount of cash would be higher, and the difference between the cash and the bonds payable would equal premium on bonds.
Answer:
$80
Explanation:
Magda's miscellaneous itemized deductions include the initiation fee for membership in the teachers' union and the dues to the teachers' union. The voluntary fund contribution is not deductible.
All miscellaneous deductions can be deducted as long as they exceed the 2% of AGI threshold, which in this case = $10,000 x 2% = $200
Total itemized deductions = $100 + $180 = $280 - 2% of AGI ($200) = $80
Answer:
They would need to buy $64,068.981 in U.S treasury bonds on Ava's second birthday to ultimately provide $120,000 for college expenses in 16 years.
Explanation:
The initial amount to be invested in order to yield $120,000 after 16 years can be expressed as;
F.V=P.V(1+R)^n
where;
F.V=future value of investment
P.V=present value of investment
R=annual interest rate
n=number of years
In our case;
F.V=$120,000
P.V=unknown
R=4%=4/100=0.04
n=16 years
replacing;
120,000=P.V(1+0.04)^(16)
120,000=P.V(1.04)^16
120,000=1.873 P.V
P.V=120,000/1.873
P.V=$64,068.981
They would need to buy $64,068.981 in U.S treasury bonds on Ava's second birthday to ultimately provide $120,000 for college expenses in 16 years.
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