What do you do for living

Even when competitive firms are unable to calculate marginal revenue product directly, _________________________________________

GenaCL600 [577]

Even when competitive firms are unable to calculate marginal revenue product directly, the pressures of competition in the labor market will push wage rates toward the marginal revenue product of labor.
By comparing the marginal revenue and marginal cost from each unit produced, a firm in a competitive market can determine the profit-maximizing level of production.

5 0

3 years ago

Read 2 more answers

Corporation has found that % of its sales in any given month are credit sales, while the remainder are cash sales. Of the cred

Reika [66]

Answer:

Some information is missing, specifically the % of credit sales. Similar questions use 80%, so I will use that %. Also, November sales were $85,000 and December sales were $115,000.

<h2> Cash collections budget</h2>

January February March

Cash sales $30,000 $26,000 $35,000

Collection from Nov. sales $16,320

Collection from Dec. sales $36,800 $22,080

Collection from Jan. sales $24,000 $48,000 $28,800

Collection from Feb. sales $20,800 $41,600

Collection from March sales $28,000

Total cash collections $107,120 $116,880 $133,400

3 0

3 years ago

Which senior managers may assume a greater deal of transferability between domestic and international HRM practices?

astraxan [27]

Answer: d. All of the Above

Explanation:

All the above senior managers are more likely to apply more Domestic HRM practices to make them International HRM practices when they are put into a situation where International practices will be needed.

This is because they have been with the Domestic companies for much of their time and so know more about Domestic practices than international.

The first options refers to senior managers in firms with large domestic markets. To be a senior manager demands experience in the market they are in so it is not far fetched to say that they are more knowledgeable in domestic practices than international.

The second option speaks of managers with little International experience meaning they are more likely to engage in transferability between domestic and International practices.

The third option speaks of managers who built their careers on domestic experience. They will find it hard letting go of what has brought them such success so will more likely apply domestic practices on an international scale.

7 0

3 years ago

Lake Corporation is considering the elimination of one of its segments. The segment incurs the following fixed costs. If the seg

77julia77 [94]

Answer:

the amount of avoidable cost associated with the segment is $754,000

Explanation:

The cost associated with the segment to be eliminated including:

- Advertising expense $140,000

- Supervisory salaries $300,000

- Allocation of companywide facility-level costs $130,000

- The loss for unsold building (*): $60,000

- Maintenance costs on equipment $112,000

- Real estate taxes on building $12,000

The total cost is $754,000

(*) The earning from sold building (book value) = Market value of building $160,000 - Book value of building $100,000 = $60,000

3 0

3 years ago

Cliff Co. wants to purchase a machine for $42,000, but needs to earn a return of 11%. The expected year-end net cash flows are $

grandymaker [24]

Answer:

54 percent

Explanation:

3 0

2 years ago