Answer:
A simple model of a firm describes it as an entity that buys production factors – (for example, labor) and sells its output (goods and services). A firm’s input prices, which affect costs, are generally fixed in the short run (like wages, that are established by contract and must be respected during the period they were stablished), while a firm’s output prices, which affect revenue, are adjustable (they do not depend on a contract). Therefore, an increase in the short-run price level raises revenue more than costs, so firms produce more in the short run. Consequently, the SRAS curve slopes upward.
In the long run, however, firm’s input prices are variable, and they will adjust together with the firm’s output prices, making LRAS perfectly inelastic in the potential level of production.
Answer: The answer is $1,200
Explanation:
In order to calculate the Depreciation, we use the formula:
Gross investment = Net Investment + Depreciation.
Let Depreciation be represented by x
Gross investment - $6,000
Net investment - $4,800.
Therefore, we have:
6,000 = 4,800 + x
x = 6,000 - 4,800
x = 1,200
Therefore Depreciation is $1,200
Answer:
There will be $92,635.42 in the account after 15 years.
Explanation:
Missing question <em>"The interest rate is fixed at 2.05%"</em>
As the employer does a 50% match on the employee’s investment, the monthly contribution to the retirement plan will be = 2 * $220 = $ 440.
The future value (F) of an annuity is given by F = (P/r)[(1+r)n-1]
P is the periodic payment
r is the rate per period
n is the number of periods.
P = 440, r = 2.05/1200 and n = 15*12 = 180.
F = (440*1200/2.05)[ (1+2.05/1200)180 -1]
F = (528000/2.05)*0.359664042
F = 92635.4215493
F = $92635.42
Thus, there will be $92,635.42 in the account after 15 years.
Answer:
Instructions are below.
Explanation:
Giving the following information:
Job 765:
Direct material= $5,670
Direct labor= $3,500
Machine Hours= 27
Job 766:
Direct material= $8,900
Direct labor= $4,775
Machine Hours= 44
Job 765 produced 152 units, and Job 766 consisted of 250 units.
Assuming that the predetermined overhead rate is applied by using machine hours at a rate of $200 per hour.
Costs sheet:
<u>Job 765:</u>
Direct material= 5,670
Direct labor= 3,500
Allocated overhead= 200*27= 5,400
Total cost= 14,570
Unitary cost= 14,570/152= $95.85
<u>Job 766:</u>
Direct material= 8,900
Direct labor= 4,775
Allocated overhead= 200*44= 8,800
Total cost= 22,475
Unitary cost= 22,475/250= $89.9
Answer: $618,096
Explanation:
Accumulated depreciation after 5 years = 20% + 32% + 19.2% + 11.52
= 82.72%
Value after 4 years = 3,300,000 * ( 1 - 82.72%)
= $570,240
Gain on sale = Salvage value - Net book value
= 650,000 - 570,240
= $79,760
Aftertax salvage value = 650,000 - (Gain on sale * tax)
= 650,000 - (79,760 * 40%)
= $618,096
