TIME REMAINING

Wassamatta University is considering resigning its minimum qualifications for professors from possessing a master's degree to po

bulgar [2K]

Answer:

c. shift the supply curve of professors to the left ceteris paribus

Explanation:

Labour Supply curve shows the labour hours, employees or workers are willing & able to supply, at given wage rates during a period of time.

The curve is upward sloping due to positive relationship between wage rates & labour. As more labour is supplied at higher wage rate, less labour is supplied at lower wage rates.

Change in any other factor other than wages, changes (shifts) the supply curve. Factor increasing labour supply shifts the supply curve rightwards. Factor decreasing labour supply shifts the supply curve leftwards.

The case given : as increase in the minimum qualifying eligibility for the job, decreases the number of people who are 'able' to supply labour as per the criteria. So, it decreases labour supply & shifts the curve leftwards.

8 0

3 years ago

Trinity College sold season tickets for the 2019 football season for $400,000. A total of 8 games will be played during Septembe

Softa [21]

Answer:

Trinity College sold 8 Games of ticket in $400,000

Till October 31 the game sorted out = 5 for example (2+3)

Measure of unmerited income on October 31

Unearned ticket revenue = (Amount received in advance × remaining month) / total month

Unearned ticket revenue = ($400,000 × 3) / 8

Unearned ticket revenue = $150,000

Adjusting Journal entry on October 31:

Debit: Unearned revenue = $250,000

Credit: Revenue = $250,000

(To record transfer of unearned revenue, to revenue account)

3 0

3 years ago

Read 2 more answers

Your uncle has $500,000 and wants to retire. He expects to live for another 30 years and to earn 6.5% on his invested funds. How

Andrei [34K]

Answer:

$38, 288.718

Explanation:

The amount to be withdrawn at the end of each year, for 30 years

The amount of $500,000 represents the present value while yearly withdraws the annuities.

We use a revised formula for calculating annuities.

Applicable formula is

P = PV × r/( 1 − (1+r)−n

P = annual withdrawals

PV = $500,000

r = 6.5%

n 30

P = 500,000 x( 0.065/ ( 1- (1 + 0.065) -30)}

p = 500,000 x (0.065/ (1-1+.065)-30)

p= 500,000 x (0.065 / 1-0.1511860661)

P =500,000 x (0.065 /0.848814)

P= 500,000 x 0.076577436

Yearly withdrawals = $38, 288.718

3 0

3 years ago

Here is the income statement for Metlock, Inc. METLOCK, INC. Income Statement For the Year Ended December 31, 2020 Sales revenue

ruslelena [56]

Answer and Explanation:

The formula and the computations are shown below:

(a) Earnings per share = ( Net Income - Preference stock dividend) ÷ (Weighted average number of outstanding shares )

= ($159,200 - $4,900) ÷ (22,400 shares + 37,300 shares) ÷ 2

= $154,300 ÷ 29,850 shares

= $5.169

= $5.17

(b) Price earnings ratio = Price ÷ Earning per share

= $13 ÷ $5.17

= 2.51 Times

(c) Payout ratio = Dividend paid to equity share holders ÷ net income

= ($22,600 - $4,900 ) ÷ ($159,200)

= $17,700 ÷ $159,200

= 11.118 %

= 11.12%

(d) Times interest earned = Earnings before interest and tax ÷ Interest expense

= ($159,200 + $11,700 + 29,700) ÷ ($11,700 )

= 17.145

= 17.15 Times

We simply applied the above formulas to determine the each ratios

7 0

3 years ago

The owner of Marshall Restaurant is disappointed because the restaurant has been averaging 7,500 pizza sales per month, but the

Troyanec [42]

Answer:

No of units 6,000 7,500 10,000

Total fixed cost $12,000.00 $12,000.00 $12,000.00

Total variable cost $9,000.00 $11,250.00 $15,000.00

Total cost $21,000.00 $23,250.00 $27,000.00

Fixed cost per pizza $2.00 $1.60 $1.20

Variable cost per pizza $1.50 $1.50 $1.50

Average cost per pizza $3.50 $3.10 $2.70

3 0

3 years ago