Answer:
The marginal revenue product of the second worker is $150.
Explanation:
- This is because when we change from 1 worker to 2 workers, the total product increases by 30 (from 20 when there were 1 worker to 50 when there wew 2 workers).
- The value of this extra product, considering that the price of every T-shirt is $5 (marginal revenue of this product) equals .
- This is additional value in dollars that the company has because incuding an extra employee when it changes from oneto two employees.
Answer:
B) I and III
Explanation:
Generally Accepted Audit Standards are used for auditing private companies. They provide systematic guidelines to auditors when conducting audits on companies' financial statements. They check for the auditor's verifiability of the company's compliance to the Generally Accepted Accounting Principles (GAAP) as well as their accuracy and consistency of their records. Therefore, choices I and III are correct.
Answer:
TIE 2.47
Explanation:
Our first step will be calculate the interest expense
350,000 debt outstanding * 12% rate = 42,000
Next, we need the EBIT which means Earnings Before Interest and Taxes.
Using the net profit margin of 3% we can get the net income
This means 3% of sales become net income
We are going to apply this to Morris sales to get the net income
Now this include the interest and taxes, we need to get the Earning before those two concepts so:
Now we got everything needed for the TIE
129,500/52,500 = 2.47
Answer:
7.71%
Explanation:
Calculation to determine the bond's nominal coupon interest rate
First step is to determine the PMT using Financial calculator
FV = $1,000
N= 25 × 2 = 50 periods ( semi-annual)
i/y=9.25/2=4.63
PV= - 850
PMT=?
Hence,
PMT=38.55
Second step is to calculate the Annual coupon Payment
Annual coupon Payment =38.55x2
Annual coupon Payement= 77.10
Now let determine the bond's nominal coupon interest rate using this formula
Nominal coupon rate= Annual coupon payment/par value
Let plug in the formula
Nominal coupon rate=77.10/1000
Nominal coupon rate=7.71%
Therefore the bond's nominal coupon interest rate is 7.71%
Industrial goods are type of goods that includes raw materials used to produce other products. They are physical items used by companies to produce other products. Derived demand is the consumer demand for consumer goods. On this derived demand is based the d<span>emand for </span>industrial goods.