Answer:
D) Canada since the cost per unit of output will be lower.
Explanation:
A German worker earns $6 per hour with a X productivity, we can assume X = 10 units, so the labor cost in Germany = $6 / 10 units = $0.60 per unit
A Canadian worker earns $10 per hour with a 2X productivity, we can assume X = 10 units, so the labor cost in Canada = $10 / 20 units = $0.50 per unit
Canadian direct labor is 20% more efficient than German labor.
Answer: $6,400
Explanation:
The expected return is simply a weighted average of the different returns given their probability of happening.
If everything was invested in Project X, there is a 70% chance of success and 30% of failure. Payoff is $10,000 if successful and $2,000 if unsuccessful:
= (70% * 10,000) + ( 30% * -2,000)
= 7,000 - 600
= $6,400
The business cycle is the movement of an economy from one condition to another and back again. The business cycle is also known as the economic cycle or trade cycle. This cycle represents the movement of resources from one end and their comeback at the same end after revolving. It can be understood as a businessman invests money in the business in the form of costs and the money comes back in the form of revenue or sales.
Hence the answer is the <u>Economic cycle</u>
The number of tapes that should be produced and sold that will let the company have profit is 1 unit higher than the breakeven point. Breakeven happens when the total cost and total revenue is equal.
Total cost is equal to the sum of the fixed cost and the variable cost which is equal to,
TC = 4000 + x
where x is the number of units. The breakeven equation is,
4000 + x = 5x
Simplifying the equation will give us,
4x = 4000
x = 1000
The value of x from the equation is 1000.
Hence, the company should manufacture more than 1000 for them to have profit.
Answer:
Dr Land account 90,000
Cr Preferred Stock account 81,250
Cr Paid-in Capital in Excess of Par Value - Preferred Stock account 8,750
Explanation:
When preferred stock is sold, the transaction must be recorded at par value in the preferred stock account. Any amount of money received over par value, must be recorded in the paid-in capital in excess of par value - preferred stock account.
