Ask question

Ask question

All categories

2 years ago

14

Each individual firm will maximize its profits or minimize losses by hiring a specific type of labor up to the point where the m

arginal revenue product is ______ marginal resource cost.

1 answer:

Talja [164]2 years ago

4 0

Answer:

equal is the correct answer.

Explanation:

You might be interested in

On January 1, 2019, Smith, Inc., has the following balances for accounts receivable and allowance for doubtful accounts: Account

slava [35]

Answer:

1. $372,150

2. $650

Explanation:

1. Smith's preadjustment balance in accounts receivable on December 31, 2019:

= Accounts Receivable on January 1, 2019 + Credit sales - Collected accounts receivable - uncollectible accounts receivable

= $386,000 + $2,895,000 - $2,905,000 - $3,850

= $372,150

2. Smith's preadjustment balance in allowance for doubtful accounts on December 31, 2019:

= Allowance for Doubtful Accounts (a credit balance) on January 1, 2019 - uncollectible accounts receivable

= $4,500 - $3,850

= $650

3. The Journal entry is as follows:

Bad Debt Expense ($3,800 - $650) A/c Dr. $3,150

To Allowance for Doubtful Accounts $3,150

(Record adjusting entry for bad debt expense estimate)

5 0

3 years ago

What is the present value of the following cash-flow stream if the interest rate is 5%? (Do not round intermediate calculations.

kodGreya [7K]

Answer:

Total PV= $948.6

Explanation:

Giving the following information:

Year Cash Flow

1 $250

2 450

3 350

Interest rate= 5%

<u>To calculate the present value, we need to use the following formula on each cash flow:</u>

PV = Cf/(1+i)^n

PV1= 250/1.05= 238.1

PV2= 450/1.05^2= 408.16

PV3= 350/1.05^3= 302.34

Total PV= $948.6

6 0

3 years ago

On a whim, you purchased a scratch-off lottery ticket at the gas station. it must have been your lucky day because you won $2,50

jok3333 [9.3K]

Answer: The winnings of $2,500,000 will grow to $3,781,474.31 if it is invested at 3% for 14 years, compounded annually.

Assuming that I'm logical and rational, I will invest the $2,500,000 at 3% for 14 years in an instrument that gives me compound interest that is compounded annually, as that will give me more money as compared to investing at simple interest.

We use the following formula to determine the Future Value of an investment:

$FV = PV * (1+r)^{n}$

where

FV = Future Value of an investment

PV = Present Value of an investment or amount invested

r = rate of interest per period

n = number of compounding periods for which the money is invested.

Since interest is compounded annually, the number of compounding periods is 14.

Substituting the values from the question in the equation above we get,

$FV = 2500000 * (1+0.03)^{14}$

$FV = 3781474.31$

3 0

3 years ago

The buffer in a bad-news message is a

lubasha [3.4K]

Answer:

Option D is correct one.

The buffer in a bad-news message is a <u> statement that reduces shock or pain and encourages the receiver to continue reading </u>

Explanation:

A buffer is often used in a business communication in delivering a bad or negative news. To lessen the impact of the negative news and bring the reader into a positive frame of mind before he or she actually gets to the bad news. Its beneficial to have buffer to lessen the impact.

3 0

3 years ago

An automobile company shuts down a factory, forcing hundreds of workers into unemployment. the positive externality is that the

lesya692 [45]

<span>An automobile company shuts down a factory, forcing hundreds of workers into unemployment. The positive externality is that the workers will enter school to train for a new career.
Education and training is considered as a positive externality. When people are educated and trained, they will get more opportunities for employment. </span>

3 0

3 years ago