If Inez is not satisfied with the painting by Josh, Inez does not have to accept the portrait or pay Josh any money. Inez does not have to pay Josh at all.
Option C
An increase in the real wage would result in a: movement along the labor demand curve, causing a decrease in the number of workers hired by the firm.
<u>Explanation:</u>
The wage rate is circumscribed by the crossing of supply and demand for labor. The demand curve depends on the marginal product of labor and the cost of the good labor originates.
A variation in the wage or payroll will end in a shift in the amount necessitated of labor. If the wage rate increases, organizations will require to hire fewer employees. The quantity of labor demanded will decline, and there will be a movement skyward on the demand curve.
Answer:
Decrease in income by $227,000
Explanation:
The computation of the amount of the change in the income in the case when the east territory is eliminated is shown below;
= -Sales + Direct cost + fixed cost - salary per year
= -$980,000 + $343,000 + ($450,000 - $40,000)
= -$980,000 + $343,000 + $410,000
= -$227,000
Hence, the amount of the change in the income in the case when the east territory is eliminated is -$227,000
Decrease in income by $227,000
Answer:
Increase of 130 million
Explanation:
In this question, we are looking to evaluate what has happened to change in deferred tax assets. We proceed as follows;
Firstly, we calculate the current tax.
Mathematically = 40% of 400 million = 40/100 * 400 million = 160 million
Now, as we can see in the question, a decrease in deferred tax asset resulted in an increase in tax expense to a tune of $50 million
This brings the total tax expense to 160 million + 50 million = 210 million
We can see from the question that the company has only recognized a tax expense of $80 million.
This means that the change in deferred tax asset was an increase of 210 million- 80 million = $130 million
Answer: A.) $32.64 per machine hour
Explanation:
Given the following :
Estimated machine hours = 41,000 machine hours
Estimated variable manufacturing overhead = $4.16 per machine hour
Estimated total fixed manufacturing overhead = $1,167,680
Total Estimated manufacturing overhead :
(Estimated total variable manufacturing overhead + Estimated total fixed manufacturing overhead)
Estimated total variable manufacturing overhead:
$4.16 × estimated hours
= $4.16 × 41,000
= $170560
Total Estimated manufacturing overhead :
$170560 + $1,167,680 = $1338240
Hence,
Predetermined overhead rate :
Total Estimated manufacturing overhead / estimated hours
= $1338240 / 41000
=$32.64
