Answer: $58600
Explanation:
The net income that would have been if the allowance method had been used, and the company estimated that 2.5% of sales would be uncollectible will be calculated thus:
= Reported net income + Uncollectible - (Sales × % Uncollectible)
= $63800 + $9300 - ($580000 × 2.5%)
= $63800 + $9300 - $14500
= $58600
Answer:
Steve
Craig
48
32
42 hours
Explanation:
A person has comparative advantage in production if it produces at a lower opportunity cost when compared to other people.
Opportunity cost of Steve in catching pineapples = 4/2 = 2
Opportunity cost of Craig in catching pineapples = 2/2 = 1
Craig has a lower opportunity cost in picking pineapple and he has a comparative advantage
A person has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other people
Steve can catch 4 fish and Craig can catch 2 fish. Steve catches more fish and has an absolute advantage
If they both caught only fish, Steve would catch 4 fishes in an hour and Craig would pick 2 pineapples in an hour
In 8 hours = (4 x 8) + (2 x 8) = 48
If they both worked 8 hours and wanted to collect exactly four baskets of pineapples per day, they would collect 4 pineapples in 1 hour
That leaves 7 hours
(4 x 7) + (2 x 7) = 42
Answer:
D) 75
Explanation:
Our initial production function is:
q = 305X - 2X²
we calculate the derivative of q:
(q') = 305 - 4X
MP = 305 - 4X
$10 / $2 = 305 - 4X
5 = 305 - 4X
4X = 305 - 5 = 300
x = 300 / 4
x = 75
Answer:
the tax rate should be of 45.83% to make indifferent for the investor
Explanation:
the municipal bonds pay no income tax according to United States IRS regulation
Therefore their rate will be the equivalent of the after-tax rate of a corporate bonds
to make it indifferent we should look at the rate that makes the after tax yield of the 12% equal to 6.5%
0.12 x (1-t) = 0.065
1 - 0.065/0.12 = t
t = 0.4583 = 45.83%
the tax rate should be of 45.83 to make indifferent for the investor
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