Answer:
the marginal revenue product of baseball players is greater than the marginal revenue product of college professors.
Explanation:
Baseball players are responsible for a baseball teams' revenues, and they add up billions of dollars per year. For example, Max Scherzer sells jerseys, caps and other merchandise for millions of dollars, and his team winning the World Series this year increases the team's revenue greatly. Sometimes even without winning a championship some players still generate lots of revenue.
An individual's salary should be proportional to the revenue that they generate. Colleges have huge amounts of revenue, and college professors are responsible for a large portion of it.
The problem hear is that there are a lot of college professors and assistants, and the revenue must be split between many people. For example, Harvard University's revenue is about $5.5 billion per year, but it has over 16,000 employees (including about 2,400 professors).
Answer:
superior competence
Explanation:
Superior competence is a skill an agent is expected to display in a resonable manner in any situation.
An agent is a person appointed by the principal and one who links the principal to the third party while principal is someone who appoints an agent to act on its behalf.
An agent is not superior to the principal. In other words, an agent is expected to act reseanably at all times in accordance with the terms of his contract with the principal.
Some of the duties of an agent to his principal are
- reasonable care and skill
-duty not to delegate
-avoid conflict of interest
-act within the scope of powers and authority delegated to him
Answer:
D.a, b and c
Explanation:
a. Giving or allowing a false impression b. Conflict of interest c. Personal decadence d. a, b and c
Answer:
= $ 41,940
Explanation:
Purchased machine for $178,000 cash on January 2
And readies it for use the next day at a $2,840 cost
On January 3, it is installed costing $1,160
Total Acquisition Cost = $ 181,640
Salvage value $14,000
Useful Life = 6 years
Depreciation Straight Line Method= Cost - Salvage Value/ Useful Life
Depreciation Straight Line Method= $ 181,640 -$14,000/6
= $ 167,640/6= $ 27,940
After 5 years its Value would be = $ 181,640 -$ 27,940*5
= $ 181,640 - 139,700
= $ 41,940
It must be disposed off to get a value at least equal to $ 41,940 which is its value .
Answer:
Target unitary cost= $30
Explanation:
Giving the following information:
Selling price= $62 per unit
Desired profit= $32 per unit
<u>To calculate the target unitary cost, we need to use the following formula:</u>
Target unitary cost= selling price - desired profit
Target unitary cost= 62 - 32
Target unitary cost= $30