The marginal product of the fourth worker is 150 bushels of wheat.
<h3>What is the marginal product?</h3>
Marginal product is the change in the total product of labour when labour is increased by one unit.
Marginal product = change in output / change in labour
change in output = 1300 - 1000 = 300
change in labour = 4 - 2 = 2
300 / 2 = 150
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The accounts receivable credit column of the cash receipts journal is "posted in summary at the end of the month and by individual amounts on a daily basis".
<u>Option: D</u>
<u>Explanation:</u>
In general ledger the sums in the debit and credit column are reported personally. The calendar of receivable accounts is lists of all clients 'accounts, account balances, and total amount due. Here the accounts receivable credit column are those in which the cash receipts journal column is the sums that are added separately to the receivable ledger accounts. Although debit column accounts payable are those in which cash payments journal column is the sums that are added separately to the accounts payable ledger.
The number of payments that I would make before the account balance reaches $20,031 is 31 months 15 days
N is the number of monthly payments that would be made before the account balance reaches $20,031.
This formula would be used to determine the value of N
FV = P ( 1 + r)^nm
- FV = future value = $20,031
- P = monthly payments = $465
- r = interest rate = 12%/12 = 1%
- n = number of years
- m = number of compounding = 12
$20,031 = $465 x (1.01)^12n
$20,031 / $465 = (1.01)^12n
43.077419 = (1.01)^12n
Log 43.077419 = Log (1.01)^12n
log 43.077419 / log (1.01) = 12n
1.6342497 / 0.0043214 = 12n
378.17598 = 12n
n = 378.17598 / 12
n = 31.51 months or 31 months 15 days
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Answer:
$13.89
Explanation:
The computation of the value of stock is shown below:
Year Dividend Present value factor at 16% Present value
1 $1.90 0.862 $1.64
2 $2.10 0.743 $1.56
3 $2.30
Price $14.375 0.743 $10.68
The price is computed below:
= $2.30 ÷ 16% = $14.375
Total present value $13.89
The present value factor is computed below:
= 1 ÷ (1 + rate) ^ years
For Year 1 = 1 ÷ 1.16^1 = 0.862
For Year 2 = 1 ÷ 1.16^2 = 0.743
Answer:
D. the demand for Nike running shoes is less elastic than the demand for shoes.
Explanation:
In this the substitutes would be more for the particular brand rather than the normal running shoes. Since the demand of running shoes might be less elastic as compared to the demand of nike running shows because the consumer shifted from the nike to other brand that are popular. Plus, the elasticity of demand for running shoes is considered to be inelastic as there is many subsitutes
So, the option d is correct
