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4 years ago

What is the correct answer Even when competitive firms are unable to calculate marginal revenue product directly,

1 answer:

8 0

Answer: The corrects answers are "C) the pressures of competition in the labor market" and A) will push wage rates toward the marginal revenue product of labor.".

Explanation: Because the correct and complete statement would be: Even when competitive companies cannot directly calculate the product of marginal income, the pressures of competition in the labor market will push wage rates towards the product of marginal income from labor.

Making it clear that the strong pressures that are the product of competition in the labor market pushed wage rates towards the product of marginal income.

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Two annuities have equal present values and an applicable discount rate of 7.25 percent. One annuity pays $2,500 on the first da

nignag [31]

Answer:

$2681.30 approx.

Explanation:

The first annuity is case of annuity due

For the first annuity, $2500 + 2500 × cumulative present value factor at 7.25% for 14 years

= $2500 + 8.6158 × 2500

= $24040 approx

The second annuity is the case of deferred annuity wherein payments are made at the end of the year.

Payment amount of second annuity = Present Value of first annuity ÷ cumulative present value annuity factor at 7.25% for 15 years

This will be equal to 24,040/8.9658 = $2681.30 approx.

5 0

3 years ago

The following information pertains to Torque Corp.'s outstanding stock for 2021: Common stock, $1 par value Shares outstanding,

azamat

Answer:

135,000 shares

Explanation:

The stock split is the re-denomination of the shares where the number of shares increases without a corresponding increase in shareholders' equity.For instance assigning two shares for each share had earlier with two new shares priced at the price of previous one share,however in calculating the number of shares applicable to basic earnings stock split is treated retrospectively,as if it has always been part of the company's shares

Opening number of shares 60,000

add increase due to stock split(2*60,000)-60,000 60,000

new shares half-way through the year 30,000*6/12 15,000

Weighted average number of shares 135,000

7 0

4 years ago

Cognitive dissonance occurs during which stage of the consumer decision-making process? A. problem recognitionB. information sea

Rainbow [258]

Answer:

Explanation:

Cognitive dissonance is sometimes referred to as buyer's regret and often arises when consumers begin to wonder if they made the right purchase decision. This happens during the post-purchase evaluation stage.

5 0

3 years ago

Daniel deposits $2,000 per year at the end of the year for the next 15 years into an IRA account that currently pays 7%. How muc

diamong [38]

Answer:

$50,258.

Explanation:

According to the scenario, computation of the given data are as follow:-

We can calculate the deposit amount at the end of 15 years by using following formula:-

Deposit Amount per year(PMT) = $2,000

Interest rate = 7% = 0.07

Deposit year (n) = 15 years

Future value(FVIFA) = PMT × [{(1 + interest rate)^number of years - 1} ÷ interest rate]

= $2,000 × [{(1 + 0.07)^15 - 1} ÷ 0.07]

= $2,000 × [{2.7590315 - 1} ÷ 0.07]

= $2,000 × [1.7590315/0.07]

= $2,000 × 25.129022

= $50,258

According to the analysis total deposit at the end of the year is $50,258.

5 0

3 years ago

Exercise 4-5 Computing income summary and ending capital balance from closing entries LO C1, P2 Capri Company began the current

vesna_86 [32]

Answer:

$27,000

Explanation:

The closing entries are as follows:

1. Service fees earned A/c Dr $70,000

Interest revenue A/c Dr $7,000

To Income Summary $77,000

(Being revenue account closed)

2. Income summary A/c Dr $50,000

To Salaries expense $38,000

To Depreciation expense $8,000

To Utilities expense $4,000

(Being expenses accounts are closed)

3. Income summary A/c Dr $27,000 ($77,000 - $50,000)

To Retained earning $27,000

(Being the difference is credited to retained earning)

Therefore, the balance left in the income summary account is $27,000

7 0

3 years ago