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DedPeter [7]
4 years ago
7

Recently, some college alumni started a moving service for students living on campus. They have three employees and are debating

hiring a fourth. The hourly wage for an employee is $18 per hour. An average moving job takes three hours. The company currently does three moving jobs per week, but with one more employee, the company could manage five jobs per week. The company charges $80 for a moving job.a. What would be the new employees' marginal product of labor? 5 jobs per weekb. What is the value of that marginal product?c. Should the moving service hire a fourth worker?
Business
1 answer:
dolphi86 [110]4 years ago
4 0

Answer:

The employees' marginal product of labor is 2 jobs/employee.

The value of that marginal product is $160.

The moving service hire a fourth worker, as the additional revenue is greater than the additional cost.

Explanation:

The employee's marginal product of labor is the additional output that the company gets out of an additional worker, at the actual level of production. In this case, as the company would go from 3 jobs to 5 jobs with the addition of an employee, the employee's marginal product of labor is 2 jobs/worker.

The value of marginal product is the value of this additional jobs that an additional employee will bring. In this case, each job is charged $80, so the value of that marginal product is 2*80=$160.

The cost of an additional employee is 3*18=$54. As the additional income ($160) is greater than the additional cost of a employee ($54), they should hire a fourth worker.

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gavmur [86]

Answer:

D. Cost of debt (rd)

Since more debt is taken, the interests payments or cost of debt should increase.  

E. Cost of equity (rs)

More leverage = higher risk, and higher risk = higher cost of equity.

Explanation:

Return on assets will probably decrease, because the assets should remain the same but net income should decrease.

Net income will probably decrease because the company will now pay more interests due to higher debt.

Basic earning power should remain unaffected, because EBIT and assets should not change.

7 0
3 years ago
Why are certain policy decisions (like those undertaken by the federal reserve) best informed by using the core inflation index
Pani-rosa [81]

Fluctuations in food and energy prices can be transitory.

<h3>What is food and energy?</h3>

Animals, including humans, derive chemical energy from their food to support their metabolism, including their muscular activity. This chemical energy is known as "food energy."

Aerobic respiration, which involves mixing carbs, lipids, and proteins with oxygen from the air or water, is the primary source of energy for most creatures.

Alcohol consumption, polyols, and other minor dietary components like organic acids could further add to the body's energy requirements. Water, minerals, vitamins, cholesterol, and fiber are a few food items that may still be important for survival and health even though they don't supply much or any food energy. Anaerobic respiration, which doesn't need oxygen to work, is a technique used by some organisms to obtain energy from food.

To learn more about food and energy from the given link:

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8 0
1 year ago
A(n) ____ business is one that is primarily based in a single country but sells and buys some meaningful share of its resources
meriva

<u>Full question:</u>

A(n) ____ business is one that is primarily based in a single country but that acquires some meaningful share of its resources and/or revenues from other countries.

a. international

b. domestic

c. multinational

d. intercontinental

e. global

<u>Answer:</u>

A(n) international business is one that is primarily based in a single country but that acquires some meaningful share of its resources and/or revenues from other countries.

<u>Explanation:</u>

International business comprises all marketing exercises that utilize place to support the shift of goods, assistance, sources, characters, ideas, and technologies over national borders. The development and progress of trades, production, analysis, and development, and distribution amenities in foreign markets.

The international business describes all of the commercial activities, both governmental and private, that practice place among various countries. With more countries engaging in global business, the race has warmed up and in turn, sparked more attention in international goods.

4 0
3 years ago
A firm has $800,000 in paid-in-capital, retained earnings of $40,000 (including the current year's earnings), and $25,000 shares
vfiekz [6]

Answer:

The correct answer for option (a) is $1.6 per share and for option (b) is decrease in cash and retained earning.

Explanation:

According to the scenario, the computation for the given data are as follows:

(a) We can calculate the amount that firm can pay in cash dividend by using following formula:

Amount to pay in cash dividend = $40,000 ÷ 25,000

= $1.6 per share

(b). If the cash dividend is $0.80 per share than the cash and retained earning can be calculated as follows:

Cash and retained earning = $0.80 × 25,000 = $20,000

As $20,000 is less than previous, than it will decrease the cash and retained earning.

5 0
4 years ago
At December 31, 2020, the following information was available for Concord Corporation: ending inventory $35,750, beginning inven
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Answer:

a. Inventory Turnover = 5.299 times or 5.30 times

b. Days in Inventory = 69 days

Explanation:

a)

To calculate the inventory turnover, we first need to find out the avergae inventory. The average inventory is calculated by adding the opening and the closing inventory and dividing the sum by 2.

  • Average Inventory = (35750 + 63500) / 2 = $49625

The inventory turnover is,

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b)

Days in inventory is the period for which, on average, the inventory is kept and sold completely.

We can calculate days in inventory simply by dividing the number of days for which we are calculating the ratio for, say in this case one years or 365 days by the inventory turnover ratio we calculated.

Days in inventory = 365 / 5.30 = 68.8679 or 69 days

4 0
3 years ago
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