Which of the following statements is false? (5 points)

In recent years, the U.S. labor market has experienced a __________ in the earnings gap between men and women. One of the main f

Leokris [45]

Answer:

In recent years, the U.S. labor market has experienced a __decline__ in the earnings gap between men and women. One of the main factors behind this is ___discrimination in labour market.___ .

Explanation:

A decline with women’s careers have been experienced with the rewards associated with or gained with top level job expertise, this has led to a discrimination in the labour market which is majorly influenced by gender. With many recruiters preferring their male counterparts for most job roles or positions.

6 0

3 years ago

Great Eastern Rectangle (GER) currently has 970,000 shares of stock outstanding that sell for $29.25 per share. Assuming no mark

Nina [5.8K]

Answer:

Please see attachment

Explanation:

Please see attachment

3 0

3 years ago

Delicious Catering completed the following selected transactions during May 2016: May 1: Prepaid rent for three months, $1,500 M

Afina-wow [57]

Question Completion:

If Delicious Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign.

Answer:

Delicious Catering

Using the Accrual method, Delicious Catering would have recorded for the month a net income of $1,670.

Explanation:

Data and Calculations:

Prepaid Rent for 3 months = $1,500

Rent expense for the month = $500 ($1,500/3)

Utilities expense = $190

Service Revenue:

Cash for meals = $2,400

Credit 2,000

Total $4,400

Salary Expense = !,700

Depreciation expense = $340

Kitchen Equipment = $2,500

Income Statement for the month of May:

Service Revenue $4,400

Expenses:

Rent $500

Utilities expense 190

Salary expense 1,700

Depreciation expense 340

Total expenses $2,730

Net Income $1,670

8 0

3 years ago

Marshall Company purchases a machine for $840,000. The machine has an estimated residual value of $40,000. The company expects t

natka813 [3]

If the units-of-production method is used, the depreciation expense for this period is: $136,000

Explanation:

Given:

Cost of machine= $840,000

Estimated residual value= $40,000

No of units produced during current period= 680,000 units

Expected production by the machine= 4 million units

Unit of production method= cost of asset-salvage value/useful life in the form of units produced

Depreciation per unit= (cost - residual value)/estimated life in units

= (840,000-40,000)/4,000,000

Depreciation per unit= 0.2 per unit

To calculate depreciation for period,

Depreciation for period= depreciation per unit*actual units produced in this period

= .2*680,000

Depreciation for period= $136,000

3 0

3 years ago

a firm in a perfectly competitive industry is producing 1000 units of output and earning revenues of 50000. At that level of out

hram777 [196]

Answer:

Increase quantity to where AC = MC = D=AR=MR

Explanation:

A perfectly competitive market is where there are many firms in the industry producing homogeneous products. There is ease of entry and exit into and out of the market. They are price takers and earn normal profits in the long-run. In order to maximize profits, a firm in a perfectly competitive industry should produce an the quantity where its average cost is equal to marginal cost when AR = MR = D. In other words, when the AC and MC curves intersect with AR = MR = D curve.

Please refer diagram

The firm is currently producing at a point where AC > MC at quantity 1000. In order to reach AC = MC, the firm has to increase its quantity to Qe. As it increases quantity, although marginal cost increases, average cost falls because now fixed costs are spread over a larger quantity of output.

At Qe, the three curves intersect and is the point where this firm can maximize its revenue (Price = Pe). At a price higher than this, it would lose customers since there are many others producing the same product and customers can easily shift to another.

7 0

3 years ago