Answer:
$88,820
Explanation:
The computation of the cost of the machine is shown below:
= List price - discount allowed + transportation + sales tax paid + installation cost
where,
List price is $83,000
Discount allowed
= $83,000 × 5%
= $4,150
And, the other items would remain the same
So, the cost of the machine is
= $83,000 - $4,150 + $2,600 + $5,720 + $1,650
= $88,820
All other expenses should be ignored as it is not relevant
Answer:
d. above the equilibrium level, causing a surplus of labor.
Explanation:
Market wage equilibrium refers to the ideal wage rate where the labor supply and demand curves intersect. At equilibrium wage, the benefits derived from an extra worker equals the cost associated with the additional worker.
The efficiency wage theory advocates for higher wages to motivate employees to increase production. Minimum wage laws and trades unions negotiate for higher wages above the equilibrium rate. Trade unions will fight to keep the maximum number of employees or their members in employment.
Answer:
The effective purchasing purchasing power of the initial loan of $6,200,000 when the firm repays is $3,444,444
If the original purchasing power of the $6,200,000 is to be maintained the firm must repay $ 11,160,000
Explanation:
In computing the figures above, I adhered strictly to the hints given in the question the purchasing of the original should be calculated by dividing the original amount by 1 plus cumulative inflation rate of 80% and that the amount should be multiplied by 1 plus cumulative inflation rate to arrive the amount needed as repayment to maintain the purchasing of the initial loan amount.
Find attached for detailed computations
Answer: True
Explanation: Hope This Helps :)
