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monitta
3 years ago
9

Suppose the Ashland Shakespeare Festival is hiring a new music director. The group gives all applicants for the position three t

ests: (1) a work-sample test, in which each applicant is asked to score a scene from As You Like it and a scene from Richard III: (2) a conducting test, in which each applicant is asked to conduct the brief section from Franz Schubert's, String Quartet No. 20 in E-flat Major, D. 87, Scherzo: (3) a performance test, in which each applicant is asked to play a selection of classical music on the instrument of his or her choice. Each test has to be passed at the 80% or above level for the applicant to be considered as a candidate for the position of musical director. What approach to combining predictors is the Ashland Shakespeare Festival using? Key item profiling Compensatory approach O Unique information approach Multiple hurdles​
Business
1 answer:
Varvara68 [4.7K]3 years ago
4 0
Ggggggggggggggggggg
Multiple hurdles
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Law enforcement, government, credit bureaus, and others may be able to
Nady [450]
A. Use digital payments methods
4 0
3 years ago
Chandler Co. has a loan that accrues interest at a rate of $28 a day. The company pays the interest once a quarter. What adjustm
shutvik [7]

Answer:

The Adjustment Entry for accrual of Interest Expense will be as follows:

                                              Dr.       Cr.

Interest Expense                $840

Interest accrued Payable               $840

Explanation:

Interest per day = $28

Interest expense for the Month = $28 x 30 = $840

$840 of Interest expense will be accrued at the end of the month and it should be adjusted accordingly.

5 0
4 years ago
Assume that a firm produces output using one fixed input, capital, and one variable input, labor. The firm can sell all of the o
omeli [17]

Answer:

a) perfectly competitive market

b) perfectly competitive market

c) 5 workers

d) 46 units

e) Profit of $73

Explanation:

a) The firm sells its output at the present market price, the firm has control of the market prices therefore this is a perfectly competitive market.

b) The firm can hire all of the workers it wants at a market wage rate, this means that the labor market is also perfectly competitive.

c) We have to first calculate the marginal revenue product (MRP) of each worker. The marginal revenue product of the last worker must be equals his wage rate in order to maximize profits. Hiring new workers as every additional employee adds less to the total revenue than to the costs of the firm.

MRP = Marginal product × Price.

Price = $3

Number of       Total         Marginal             Marginal Revenue

Employees      Output    Product (MP)       Product $ (MRP = MP * P)

0                          0

1                           14                 14                                 52

2                          26                12                                 36

3                           35                9                                  27

4                           42                7                                   21

5                           46                4                                   12

6                            48               2                                    6

The MRP of each of the first 5 employees is higher than their wage rate ($11). The firm should hire 5 workers to maximize profit

d) The output of 5 workers is 46 units

e) Fixed cost = $10

Variable cost = number of workers × wage rate = 5 × $11 = $55

Revenue = output × price per unit = 46 × $3 = $138

Profit = Revenue - variable cost - fixed cost = $138 - $55 - $10 = $73

8 0
4 years ago
Barton, Inc. is a corporation with ordinary net business income of $130,000, dividends of $2,000, a long-term capital gain of $5
Levart [38]
Business net income $130,000
Dividends $2,000
Long-term capital gain $5,000
Short-term capital loss $10,000
$130,000 + $2,000 + $5,000 = $137,000
$137,000 - $10,000 = $127,000

Based on my these figures, Barton’s taxable income is $127,000.
5 0
3 years ago
PB10-2 Recording and Reporting Current Liabilities with Evaluation of Effects on the Debt-to-Assets Ratio [LO 10-2, LO 10-5] Tig
Kipish [7]

Complete Question:

PB10-2 Recording and Reporting Current Liabilities with Evaluation of Effects on the Debt-to-Assets Ratio [LO 10-2, LO 10-5]

Tiger Company completed the following transactions. The annual accounting period ends December 31.

Jan. 3 Purchased merchandise on account at a cost of $24,000. (Assume a perpetual inventory system.) Jan.

27 Paid for the January 3 purchase.

Apr. 1 Received $80,000 from Atlantic Bank after signing a 12-month, 5 percent promissory note.

June 13 Purchased merchandise on account at a cost of $8,000.

July 25 Paid for the June 13 purchase.

July 31 Rented out a small office in a building owned by Tiger Company and collected eight months’ rent in advance amounting to $8,000.

Dec. 31 Determined wages of $12,000 were earned but not yet paid on December 31 (Ignore payroll taxes).

Dec. 31 Adjusted the accounts at year-end, relating to interest.

Dec. 31 Adjusted the accounts at year-end, relating to rent.

Required:

1. & 2. Prepare journal entries for each of the transactions through August 1 and any adjusting entries required on December 31.

3. Show how all of the liabilities arising from these items are reported on the balance sheet at December 31.

Answer:

Prepared journal Entries for Questions 1, 2 and 3 are attached as images in this order

1 Journal Entry Worksheet 1 (image 1)

2 Journal Entry Worksheet 1 (image 2)

3 Journal Entry Balance sheet 1 (image 3)

3 0
3 years ago
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