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grin007 [14]
3 years ago
12

White Company's wages payable account had a beginning balance of $3,757 and an ending balance of $2,070. During the year, wages

expense was $15,188. How much did White pay in cash during the year for wages
Business
1 answer:
borishaifa [10]3 years ago
7 0

Answer:

the amount paid during the year is $16,875

Explanation:

The computation of the amount paid during the year is shown below:

Opening Balance $3,757

Add: Wages expense $15,188

Less: Closing Balance -$2,070

Amount Paid $16,875

Hence, the amount paid during the year is $16,875

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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A fast-food chain wanted to add a new product to its breakfast menu. The company considered a pancake shaped like a muffin. The
Mila [183]

Answer:

Concept Development

Explanation:

The stages which a product cycles through during its lifespan are:

1. Concept Development,

2. Introduction,

3. Growth,

4. Maturity and

5. Decline.

The Product Concept Development stage is the <u>first part of the Product Life Cycle which involves developing the product concept,</u> building the product and testing the product.

8 0
3 years ago
Richardson Brothers is expected to pay a $0.75 per share dividend at the end of the year (that is, D 1 = $0.75). The dividend is
CaHeK987 [17]

Answer:

$15

Explanation:

Dividend growth rate (g) = 5% per year

Expected Dividend   (D1) = $0.75

Required return rate   (R) = 10%

Now, we have calculate the stock’s value per share by the following formula:

Current Stock Value (P0) = D1 ÷ (R-g)

P0 = $0.75 ÷ (0.10 – 0.05)

= $0.75 ÷ 0.05

= $15

Current Stock Value per Share (P0) = $15

5 0
4 years ago
Both Krugman’s and Lucas’ papers explored inequality. Krugman discussed individual workers while Lucas discussed inequality amon
Vera_Pavlovna [14]

Answer:

Check the explanation

Explanation:

Kingman view of inequality is based on individual worker. His concept of inequality can be described as follows:

He believes that individual' s productivity differs from individuals to individuals There may be individuals that are highly productive and can make best possible use of the available resource as compared to other. This constitutes one of the main reasons for huge inequality.

He also described inequality based on luck There may be individuals with same productive capacity It is just the matter of luck to be on right place at right time to grab the jackpot.

He also described inequality based on powers in this he described that executives in big corporations set their own compensation and there may be financial dealers getting richer by taking fees from the investors that are new in the market.

Lucas view of inequality can be described as follows:

Lucas view of inequality is variant of Solow model describing different countries growing at different period of times the one that kick start first will grow but nation starting to prosper later will grow more because of favorable environment created by the earlier growing nations.

Thus Lucas model indicates that different countries having different growth rates and will fail to converge and there forms the concept of inequality among nations.

The similarities in the view point of inequality between Kingman and Lucas is on the topic of human capital development.

Keynesian was of the viewpoint that fiscal policy will put the economy out from the situation of liquidity trap Thus there are some stimulus that are a must but however Lucas was monetarist and believes that final stimulus will not work if there is no printing of money.

Lucas prediction if true then money supply in economy will increase because of printing of more number of money. Rise in money supply will create the situation inflation because too much of money will be chasing too few goods which will lead to rise in price further and thus there will be no significant changes in the income inequality.

8 0
4 years ago
The cost, in dollars, to produce x designer dog leashes is C ( x ) = 8 x + 3 , and the price-demand function, in dollars per lea
Rzqust [24]

Answer:

Profit maximising price = 48

Explanation:

Total Cost : C (x) = 8x + 3

Demand Curve : p (x) = 88 − 2x

Total Revenue = p (x). x  =  x (88 - 2x) = 88x - 2x^2

Profit maximisation is where Marginal Cost (MC) = Marginal Revenue (MR)

MC = d TC / d Q  =   d (8x + 3) / d x = 8

MR = d TR / d Q = d (88x - 2x^2) / d x = 88 - 4x

Equating MR & MC ,

88 - 4x = 8  , 88 - 8 = 4x

x = 80 / 4 , x = 20

Putting value in demand curve,

p = 88 - 2x = 88 - 2 (20) = 88 - 40

p = 48

3 0
3 years ago
Which of the following is NOT a disadvantage of joint ventures? A. Ajoint venture is the most costly and risky choice B. Firms r
Margarita [4]

Answer:

A. A joint venture is the most costly and risky choice.

Explanation:

A joint venture is an arrangement in which two or more companies agree to share their resources for a specific activity. In this arrengement, all the parties are responsible for the losses and earnings and it allows the companies that are part of it to decrease the costs and share the risk. Because of that, the answer is that the option that is not a disadvantage of joint ventures is: a joint venture is the most costly and risky choice as a joint venture helps to decrease costs and risk as they are shared between the companies that are part of it.

4 0
3 years ago
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