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3 years ago

HIGH SCHOOL

1 answer:

7 0

C. Your charging less for the same thing as your component they’re spending less money but your making more because more people will come to your location

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Why might someone who is just starting out prefer a regular savings account to a CD?

iragen [17]

Cds are time deposits that you can close before the term ends but might pay early penalty for withdrawing early. Cds vary with the financial institution. I would say a savings account

6 0

4 years ago

Miller Company’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (20,000 uni

Sloan [31]

Answer:

Answers are 1. $95.000 2. $42.500 3. $ 50.000 4. $59.600

Explanation:

In each case you have to replace the data with the given information

1 If unit sales increase 15%

Units price Total

Revenue 20,000.00 17.25 345,000.00

Variable Man 20,000.00 9.00 (180,000.00)

Contribution margin 20,000.00 8.25 165,000.00

Fixed expenses 20,000.00 3.50 (70,000.00)

Net income 95,000.00

2 If price decreases by $1.5 and units sold increases by 25%

Units price Total

Revenue 25,000.00 13.50 337,500.00

Variable Man 25,000.00 9.00 (225,000.00)

Contribution margin 25,000.00 4.50 112,500.00

Fixed expenses 25,000.00 2.80 (70,000.00)

Net income 42,500.00

3 If price increases by $1.5 and fixed expenses by $20.000

Units price Total

Revenue 20,000.00 16.50 330,000.00

Variable Man 20,000.00 9.00 (180,000.00)

Contribution margin 20,000.00 7.50 150,000.00

Fixed expenses 20,000.00 5.00 (100,000.00)

Net income 50,000.00

4 Units price Total

Revenue 18,000.00 16.80 302,400.00

Variable Man 18,000.00 9.60 (172,800.00)

Contribution margin 18,000.00 7.20 129,600.00

Fixed expenses 18,000.00 3.89 (70,000.00)

Net income 59,600.00

5 0

4 years ago

The demand for the services of trish's computer services has increased. trish employs several workers who diagnose and fix clien

MArishka [77]

Answer:

1) what will happen to the mrp and wages of trish's workers?

the marginal revenue product (MRP) is defined as the additional revenue generated by employing one extra unit of labor. In this case, the MRP will exceed the wages paid by Trish, generating economic rent or above average returns.

2) the wage rate is w2; the old wage was w1. what is the economic rent trish's workers now earn?

If Trish raises her employees' wages due to the increasing in price, then her employees will be earning economic rent = w2 - w1. This means that their wage is higher than the usual wage that would be paid for doing that job.

3) define economic rent.

Economic rent is defined as the additional profit generated by a business that exceeds its opportunity cost.

Economic rent = marginal revenue product – opportunity cost

The opportunity cost is the extra costs or benefits lost from choosing one activity or investment over another alternative.

In this case, Trish is earning an economic rent with her business because her earnings are higher than any other earnings that she could make by investing in something else.

4) what factors affect the elasticity of supply of the labor supply curve that trish faces as she hires workers?

The elasticity of the labor supply curve shows how much a 1% change in wages affect the quantity of labor supply (in % also).

In this case, the factors affecting the labor supply would be the substitution effect and the income effect of a rise in wages. Both factors are opposite, and in this case I would believe that the substitution effect would be greater.

The substitution effect means that workers will start working more because they are paid a higher wage. they will be willing to give up leisure time in order to work more hours and earn a higher salary.
The income effect means that workers will start working less hours due to higher wages per hour.

8 0

3 years ago

A firm has current liabilities of $500, a current ratio of 1.5, and a quick ratio of 1.1. calculate the level of inventory for t

SCORPION-xisa [38]

The inventory level will be used by an inventory manager to regulate the optimal time for manufacturing, if they are handling a manufacturer's warehouse, or to demand more if the product is being stored as stock at a store.

To solve this:

Get first the Current Assets this solved by multiplying the current liabilities to the current ratio.

CA = $500 (1.5) = $750

Then get the inventory level by multiplying the current asset to the product of the current liabilities and quick ratio.

Inventory level = $750 (500 x 1.1) = $412,500

4 0

3 years ago

Under the average cost method, the flow of costs through the accounting records will ___ to the physical flow of goods through t

cricket20 [7]

I think it's D
I hope this helps

7 0

3 years ago