Answer:
Explanation:
In a situation such as this one the individual workers and their families may be better off or may actually do worse due to the real wage rises in terms of agricultural goods but the real wage in terms of the manufactured goods will actually fall. Therefore it depends on the worker's unique situation and in which sector they are in which determines if they are better or worse.
Answer:
p = 59.11 dollars
Explanation:
Given
Price: p(x) = 8eˣ (0 ≤ x ≤ 2)
Revenue; R = x*p = 8xeˣ
p = ? when R be at maximum
We can apply
dR/dx = d(x*p)/dx = 0
⇒ d(8xeˣ)/dx = 8*(1*eˣ + x*eˣ) = 0
⇒ eˣ*(1 + x) = 0 ⇒ x = - 1
as x = - 1 ∉ [0, 2]
then, we have
p(0) = 8e⁰ = 8
R = 0*8 = 0
If x = 1
p(1) = 8e¹ ≈ 21.74
R = 1*21.74 = 21.74
If x = 2
p(2) = 8e² ≈ 59.11
R = 2*59.11 = 118.22
Implies that, R(x) is maximum at x = 2.
Thus, the price that maximize the revenue of the company is 59.11 dollars.
Answer:
Total= 45,684 feet
Explanation:
Giving the following information:
Production budget:
February= 10,993
March= 8,559
Each chair produced uses 5 board feet of wood.
Management wants an ending inventory level of raw materials to equal 20% of the production needs (in wood) for the next month.
Direct material budget:
Production= 10,993*5= 54,965
Desired ending inventroy= (8,559*5)*0.2= 1,712
Beginning inventory= (10,993*5)*0.2= (10,993)
Total= 45,684 feet
Answer:
Dr Cash $92,811
Cr Notes Payables $92,811
(Being the proceeds and issuance of note
Explanation:
Annual rate = 12%
Interest for 9 months will be:
9/12 x 12% = 9%
So disbursal is 9% x $92,811
= $8,353
Principal (borrowed money) is $92,811.
The loan was disbursed on January 1. So it's only the proceeds from the loan which will be recorded on this date. Repayment will start at later date.
Therefore, The entry made by Guarantee Company on January 1 will be:
January 1
Dr Cash $92,811
Cr Notes Payables $92,811
(Being the proceeds and issuance of note)
