We know he is paid $4,200, and we also know he makes 2% on everything over $50,000. He made $60,000 which is $10,000 over the minimum, so he made 2% of $10,000. Multiply 0.02 times 10,000 and you get 200. We then add 200 to his base pay of 4,200 and we get 4,400.
The answer is B- $4,400.
Hope that helps!
Answer:
c) explains why the average total cost and marginal cost curves are U-shaped in the short run.
Explanation:
According to the law of diminishing returns, when one input variable is increased, the result is seen in the increase in the output. At some point in the production, when an additional factor is added, the output increases but in smaller return. One factor remains fixed in the process of diminishing return. The variable factor is increased at any point of production which do not prove much productive.
Answer:
Dr Fixed asset $156,000
Cr Cash $156,000
Being entries to record the cost of the machine
Explanation:
The cost to wire electricity and secure the machine in place are part of the cost to make the machine available for use as such, these will be capitalized with the cost of purchase of the asset.
Capitalized cost of asset
= $144,000 + $10,000 + $2,000
= $156,000
secured loan is a loan in which the borrower pledges some asset as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan.
