firm z is producing 50 widgets using labor and capital. the marginal product of the last unit of labor employed is 500; the marginal product of the last unit of machinery (or capital) is 1000. the unit price of labor is $10, and the unit price of machinery or capital is $100. with competitive input markets, which of the following statements is true?

Answers

Answer 1

More labor and less capital should be required to make the 50 widgets since the marginal product of labor exceeds the marginal product of machinery.

What, using an example, is marginal product?

An excellent illustration of the marginal output of labor is a restaurant kitchen. Without cooks, the restaurant will produce nothing. The restaurant may produce 10 meals more after hiring one cook, resulting in a positive MPL of 10.

What distinguishes a marginal cost from a marginal product?

In terms of economics, marginal cost refers to the entire cost incurred while producing a further unit of a good or service. The additional output produced by one additional unit of input, such as an additional worker, is known as marginal product.

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Related Questions

13) Storico Co. just paid a dividend of $3.15 per share. The company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. If the required return on the company’s stock is 12 percent, what will a share of stock sell for today? (4 pts)

Answers

Answer:

$61.29

Explanation:

Calculation to determine what will a share of stock sell for today

First step is to calculate the price in Year 3

P3= $3.15(1.20)(1.15)(1.10)(1.05) / (.12 – .05)

P3= $5.020785/0.07

P3=$71.72

Now Let Calculate the price of stock today using the Present Value (PV) of the first three dividends in addition with the Present Value (PV) of the stock price in Year 3:

P0= $3.15(1.20)/(1.12) + $3.15(1.20)(1.15)/1.12^²+ $3.15(1.20)(1.15)(1.10)/1.12^³+ $71.72/1.12^³

P0=$3.78/1.12+$4.347/1.2544+$4.7817/1.404928+$71.72/1.404928

P0=$3.375+3.465+3.4035+$51.048

P0= $61.29

Therefore what will a share of stock sell for today is $61.29

Max wanted to open a pizza and sub restaurant. He compared purchasing a well-known franchise to opening his own restaurant as a small business. Which of the following would be a disadvantage to the franchise option? • Max will be able to use the business model provided by the franchise. • Max will have many competitors that offer pizzas and similar Italian fast food. • Max will have to use his savings and borrow some money to start his business. • Max will have to use the franchise's pizza sauce instead of his family recipe

Answers

Answer:

Max will have to use his savings and borrow some money to start his business

Explanation:

Max will be able to employ the franchise's offered business plan.A marketing concept that can be used by an organization as a strategy for business expansion is franchising.  Hence option B is correct .

What was Franchise ?

Where applicable, a franchisor grants a franchisee a license to use all or part of its operational methods, intellectual property, business model, brand, and rights to market and sell its branded goods and services. In exchange, the franchisee agrees to pay certain fees and adhere to specific requirements, usually outlined in a franchise agreement.

The word "franchise" is Anglo-French in origin, deriving from the French verb "francer," which means "to be free." Instead than expanding through acquisition, the franchisor's utilization of a franchise system is an alternate corporate growth approach.

Chains of stores controlled by corporations. For the selling and distribution of goods and services, a franchise system business growth plan reduces the franchisor's capital investment and liability risk.

Particularly in the conventional structure where the franchisee is an individual, franchising is rarely an equal partnership.

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Interest rates and decisions
Suppose that a firm is facing an upward-sloping yield curve and needs to borrow money to invest in production. Does this mean that the firm should consider borrowing only at short-term rates?
a. No, the firm needs to take the volatility of short-term rates into account.
b. No, an upward-sloping yield curve means that the firm will get a lower interest rate if it uses long-term financing
c. Yes, using short-term financing will give the firm the lowest possible interest rate over the life of the project.
Credit ratings affect the yields on bonds. Based on the scenario described in the following table, determine whether yields will increase or decrease and whether it will be more expensive or less expensive, as compared to other players in the market, for a company to borrow money from the bond market.
Scenario Impact on Yield Cost of Borrowing Money
from Bond Markets
ABC Real Estate is a commercial real estate firm that primarily uses short-term financing, while its competitors primarily use long-term financing. Interest rates have recently increased dramatically. Decrease More expensive Ziffy Corp.’s credit rating was downgraded from AAA to A. Bellgotts Inc. has increased its market share from 15% to 37% over the last year while maintaining a profit margin greater than the industry average. Previously, Ferro Co. had only used short-term debt financing. The company now finances its current assets such as inventories and receivables with short-term debt, and it finances its fixed assets such as buildings and equipment with long-term debt.

Answers

Answer:

a. No, the firm needs to take the volatility of short-term rates into account.

Explanation:

Short term interest rates are more volatile than the long term interest rates. If the company chooses to finance its operations solely from short term financing than it will need to incorporate the affect of volatility in the short term interest rates to identify the net returns. The volatility should be calculated with the risk factor and required rate of return of the funds.

If someone is discriminated by a law based on gender, the burden is on the state to show that the law is substantially related to an important government purpose.
true
or FALSE

Answers

the answer is false...
falseeeeeeeeee

i think

Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results.
Budgeted Actual
Sales 950 per unit $1,470,000
Variable expenses 380 per unit 588,000
Fixed expenses (total) $144,500 135000
Units produced and sold 1,530 1,330
List variable and fixed expenses separately.

Answers

Answer:

See below

Explanation:

Variance

Sales $1,263,500 $1,470,000 $206,500 Favourable

Less:

Variable expenses ($505,400) ($588,000) $82,600 Unfavorable

Contribution $758,100 $882,000 $123,900 Favourable

Less:

Fixed cost ($144,500) ($135,000) Favourable

Income(loss) $613,600 $747,000 $133,400 Unfavourable

Suppose that Federal Reserve policy leads to higher interest rates in the U.S.
If the U.S. is a closed economy in the short​ run, real GDP will _________ increase stay the same decrease .
If the U.S. is an open economy real GDP will _______ increase stay the same decrease by ________ more than in a closed economy the same amount as in a closed economy less than in a closed economy .

Answers

Answer:

If the U.S. is an open economy real GDP will decrease by more than in a closed economy.

Explanation:

Federal fund rate is the rate of depository fund which banks pay overnight. The rise in fed will cause the banks to pay more interest on the mandated reserve. If the interest rates are increased the real GDP will decrease because there will be reduced investments, less spending and consumption which leads to declined net exports. These all factors lead to decline in the Real GDP of U.S.

Kyle owned a small business that sold and repaired several styles of bicycles. Last month, Kyle had sales of $15,000 and the costs of operating his business were $12,300.
Which of the following is true about Kyle's business?

The business earned a profit.

The business should focus on expansion.

The business experienced a loss.

The business is not capitalizing on a need

Answers

Answer:

The business earned a profit.

Simon lost $7,100 gambling this year on a trip to Las Vegas. In addition, he paid $2,730 to his broker for managing his $273,000 portfolio and $500 to his accountant for preparing his tax return. In addition, Simon incurred $3,390 in transportation costs commuting back and forth from his home to his employer's office, which were not reimbursed. Calculate the amount of these expenses that Simon is able to deduct (assuming he itemizes his deductions).

Answers

Answer:

The Deductible amount = $0

Explanation:

The Deductible amount = $0

Reason -

Gambling losses are deductible to extent of winnings. As there is no winning, loss of $7,100 is not deductible.

Simon paid $2,730 to his broker for managing his portfolio and $500 to his accountant for preparing his tax return.

Both investment fees and tax preparation fees were in the past (before 2018) allowed under miscellaneous itemized deductions to the extent the total miscellaneous itemized deductions exceeded 2 percent of taxpayer's adjusted gross income.

However, in 2018 miscellaneous itemized deductions are no longer available.

Hence for 2018 investment fees and tax preparation fees are not deductible.

Transportation Cost of $3,390 for commuting back and forth from home to employer's office is not deductible.

As per IRS commuting expenses are personal expense.

As such:

Deductible amount = $0

Jane Cooper's Department Stores allocates the costs of the Personnel and Payroll departments to three retail sales departments, Housewares, Clothing, and Furniture. In addition to providing services to the operating departments, Personnel and Payroll provide services to each other. Copper's allocates Personnel Department costs on the basis of gross payroll. Cost and allocation information for June is as follows:
Personnel Payroll Housewares Clothing Furniture
Direct department cost $15,600 $6,400 $24,400 $40,000 $33,500
Number of employees 15 12 24 32 12
Gross payroll $12,000 $6,600 $21,200 $26,100 $16,200
A) Determine the percentage of total Personnel Department services that was provided to the Payroll Department
B) Determine the percentage of total Payroll Department services that was provided to the Personnel Department.
C) Prepare a schedule showing Personnel Department and Payroll Department cost allocations to the operating departments, assuming Cooper's uses the step method.

Answers

Answer:

Jane Cooper's Department Stores

A) The percentage of total Personnel Department services provided to the Payroll Department is:

= 7.45%

b) The percentage of total Payroll Department services provided to the Personnel Department is:

= 14.33%

C) A Schedule showing Personnel Department and Payroll Department Cost Allocations to the operating departments, using the step method:

Allocation of service departments' costs:

                                 Service Departments    Retail Sales Departments

                                      Personnel Payroll  Housewares Clothing Furniture

Direct department cost  $15,600  $6,400     $24,400    $40,000  $33,500

Number of employees             15           12               24              32            12

Gross payroll                  $12,000  $6,600      $21,200    $26,100   $16,200

Total costs                     $27,000 $13,000     $45,600    $66,100  $49,700

Personnel costs             -27,000      2,013          7,060      10,233       7,694

Total costs remaining     0              15,013     $52,660   $76,333   $57,394

Payroll costs                                   -15,013          4,242        6,148       4,623

Total costs after allocation of service costs $56,902    $82,481   $62,017

Explanation:

a) Data and Calculations:

Cost Allocation

                                 Service Departments    Retail Sales Departments

                                      Personnel Payroll Housewares Clothing Furniture

Direct department cost  $15,600  $6,400    $24,400    $40,000  $33,500

Number of employees             15           12              24              32            12

Gross payroll                  $12,000  $6,600     $21,200    $26,100   $16,200

Personnel costs:

Payroll = $13,000/$174,400 * $27,000 = $2,013

Housewares = $45,600/$174,400 * $27,000 = $7,060

Clothing = $66,100/$174,400 * $27,000 = $10,233

Furniture = $49,700 /$174,400 * $27,000 = $7,694

Payroll costs:

Housewares = $52,660/$186,387 * $15,013 = $4,242

Clothing = $76,333/$186,387 * $15,013 = $6,148

Furniture = $57,394/$186,387 * $15,013 = $4,623

Total Personnel Department services provided to the Payroll Department:

= $2,013/$27,000 * 100 = 7.45%

= $13,000/$174,400 * 100 = 7.45%

Total Payroll Department services provided to the Personnel Department:

= $27,000/$188,400 * 100 =  14.33%

All of the following statements are true regarding the periodic inventory system except Under the periodic system, a company uses separate accounts to record freight costs, returns, and discounts. Using the periodic inventory system affects the balance sheet contents differently than when the perpetual system is used. Under the periodic inventory system, the balance of cost of goods sold is calculated at the end of the period. Under the periodic inventory system, the balance in ending inventory is calculated at the end of the period.

Answers

Answer:

Using the periodic inventory system affects the balance sheet contents differently than when the perpetual system is used

Explanation:

Periodic inventory system can be regarded as a method used in inventory valuation for the purpose of

financial reporting whereby physical count of the inventory is carried out at specific intervals. There is no effort made in keeping up-to-date records patterning the cost of goods sold as well as inventory under this system. It should be noted that these followings as regards to periodic inventory system

✓ Under the periodic system, a company uses separate accounts to record freight costs, returns, and discounts.

✓Under the periodic inventory system, the balance of cost of goods sold is calculated at the end of the period. ✓Under the periodic inventory system, the balance in ending inventory is calculated at the end of the period.

Record the following transactions as general journal entries. Use the gross-price method.
Aug. 6 Purchased $830 of merchandise on account from Johnston Co. Credit terms 2/10, n/30.
8 Bought an $18,000 truck from Pillner Co., paying $3,000 down; balance on account.
13 Purchased $2,611 of merchandise for cash from Pillner and Co.
15 Paid for the August 6 purchase of merchandise from Johnston Co.
17 Purchased $1,743 of merchandise from Luis Co. Credit terms 2/10, n/30.

Answers

Answer:

General Journal Entries:

Aug. 6 Debit Inventory $830

Credit Accounts Payable (Johnston Co.) $830

To record the purchase of merchandise; Credit terms 2/10, n/30.

Aug. 8 Debit Truck $18,000

Credit Accounts Payable (Pillner Co.) $15,000

Credit Cash $3,000

To record the purchase of truck.

Aug. 13 Debit Inventory $2,611

Credit Cash $2,611

To record the purchase of inventory for cash.

Aug. 15 Debit Accounts Payable (Johnston Co.) $830

Credit Cash $813

Credit Cash Discounts $17

To record the payment on account, including discounts.

Aug. 17 Debit Inventory $1,743

Credit Accounts Payable (Luis Co.) $1,743

To record the purchase of goods; Credit terms 2/10, n/30.

Explanation:

a) Data and Analysis:

Aug. 6 Inventory $830 Accounts Payable (Johnston Co.) $830

Credit terms 2/10, n/30.

Aug. 8 Truck $18,000 Accounts Payable (Pillner Co.) $15,000 Cash $3,000

Aug. 13 Inventory $2,611 Cash $2,611

Aug. 15 Accounts Payable (Johnston Co.) $830 Cash $813 Cash Discounts $17

Aug. 17 Inventory $1,743 Accounts Payable (Luis Co.) $1,743

Credit terms 2/10, n/30.

Rouse Corporation's December 31, 2012 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 20,000 shares authorized 10,000 shares issued $150,000 Common stock, $10 par value, 2,000,000 shares authorized 1,950,000 shares issued, 1,930,000 outstanding 19,000,000 Paid-in capital excess of par --- preferred stock 60,000 Paid-in capital excess of par --- common stock 27,000,000 Retained earnings 7,650,000 Treasury stock (20,000 Shares) 630,000 Rouse's total stockholders' equity was:

Answers

Answer:

See bellow

Explanation:

With regards to the above, Rouse total stockholder's equity is computed as;

= Preferred stock + common stock + paid in capital in excess of par (preferred stock and common stock) + retained earnings - Treasury stock

= $150,000 + $1,950,000 + $60,000 + $27,000,000 + $7,650,000 - $630,000

= $53,730,000

Frida makes bread every day and due to demand she is thinking of increasing her bread production. In order to make this decision, she would calculate her marginal costs of bread production (increased number of employees, equipment, etc.) and her marginal benefits (number of loaves sold, price paid, new customers, etc.) and continue to produce where Select the correct answer below:
a. MB b. MB>MC or until they are equal.
c. total benefits equal total costs.
d. the price of bread equals exactly the marginal benefit of each loaf.

Answers

Answer: b. MB > MC or until they are equal.

Explanation:

It is best that Frieda produces bread at the level where Marginal benefits exceeds marginal costs. The difference will keep giving her more profit.

She should keep increasing her production so long as the Marginal benefit exceeds marginal cost but should stop at the level where the Marginal benefit and marginal cost become equal because producing past this point would mean that she would incur a marginal loss on each unit.

What is the difference between social marketing and advertising?

Answers

Answer:

Social media marketing is any social media action you take that is unpaid. If you're posting about your blogs, sharing info with your followers, or commenting in social media groups, you're marketing. Social media advertising is any action you take on social media that is paid.

Explanation:

Sierra Company produces its product at a total cost of $89 per unit. Of this amount, $14 per unit is selling and administrative costs. The total variable cost is $58 per unit, and the desired profit is $28 per unit. Determine the markup percentage using the (a) total cost, (b) product cost, and (c) variable cost methods. Round your answers to one decimal place. a. Total cost fill in the blank 1 % b. Product cost fill in the blank 2 % c. Variable cost fill in the blank 3 %

Answers

Answer: and Explanation:

The computation of the markup percentage using the following cost is shown below:

a. Total cost

= Desired profit ÷ total cost

= $28 ÷ $89

= 31.46%

b. Under product cost

= Desired profit ÷ (total cost - seling & admin cost)

= ($28) ÷ ($89 - $14)

= 37.33%

c. Under variable cost

= Desired profit ÷ variable cost

= $28 ÷ $58

= 48.28%

By applying the above formulas we can easily calculate them  

Dess Inc., a manufacturing company, has provided the following data for the month of August. The balance in the Work in Process inventory account was $10,000 at the beginning of the month and $22,000 at the end of the month. During the month, the used direct material cost was $63,000, and direct labor cost was $39,000. The manufacturing overhead cost was $43,000.
1. The manufacturing costs for August was:
A. $59,000
B. $67,000
C. $145,000
D. $133,000
2. The cost of goods manufactured for August was:
A. $133,000
B. $142,000
C. $145,000
D. $130,000

Answers

Answer:

See below

Explanation:

1. Manufacturing cost. This is computed as

= Direct materials + Direct labor + Manufacturing overhead

= $63,000 + $39,000 + $43,000

= $145,000

2. Cost of goods manufactured. This is computed as;

= Beginning WIP + Direct materials + Direct labor + Allocated manufacturing overhead - Ending WIP

= $10,000 + $63,000 + $39,000 + $43,000 - $22,000

= $133,000

Manrow Growers, Inc., owns equipment for sowing and harvesting its organic fruit, vegetables, and tree nuts that are sold to local restaurants and grocery stores. At the beginning of 2019, an asset account for the company showed the following balances:


Equipment $350,000
Accumulated depreciation through 2018 165,000

During 2019, the following expenditures were incurred for the equipment:

Major overhaul of the equipment on January 1, 2019, that improved efficiency $42,000
Routine maintenance and repairs on the equipment 5,000

The equipment is being depreciated on a straight-line basis over an estimated life of eight years with a $20,000 estimated residual value. The annual accounting period ends on December 31.

Required:
Record the adjusting entry for depreciation on the equipment during 2018.

Answers

Answer: See explanation

Explanation:

The adjusting entry for depreciation on the equipment during 2018 will be calculated as:

Depreciation = (Equipment cost - Estimated residual value) / Estimated life

= ($350000 - $20000) / 8

= $41250

Debit: Depreciation = $41250

Credit: Accumulated depreciation = $41250

(To record depreciation for the year)

Under the perpetual inventory system, Village Fabrics purchased 25 yards of blue plaid fabric at a cost of $2.00 per yard on June 1; on June 3, 22 yards were sold of the blue plaid; a new shipment came in with 25 more yards at a cost of $2.25 per yard on June 5; on June 15, 17 yards of the blue plaid fabric were sold; Village Fabrics purchased another 25-yard bolt at a cost of $2.50 per yard on June 19; on June 27, 6 more yards had been sold. No inventory was on hand at the beginning of the month. What is the cost of merchandise sold and cost of inventory under the FIFO method for June

Answers

Answer:

see explanation

Explanation:

FIFO Assumes that the units to arrive first will be sold last. Therefore the cost of merchandise sold is based on the earlier or old prices and the cost of inventory is based in later or recent prices.

Hoffman Corporation issued $60 million of 9%, 15-year bonds at 106. Each of the 60,000 bonds was convertible into one share of $1 par common stock. Prepare the journal entry to record the issuance of the bonds. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Answers

Answer:

Dr Cash $63,600,000

Cr Premium on Bonds $3,600,000

Cr Bonds payable $60,000,000

Explanation:

Preparation of the journal entry to record the issuance of the bonds.

Dr Cash $63,600,000

(106%*$60,000,000)

Cr Premium on Bonds $3,600,000

($63,600,000-$60,000,000)

Cr Bonds payable $60,000,000

(To record issuance of the bonds)

b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $5,400 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $1,900 debit.

Answers

Question Completion:

Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis.

                                                        Days Past Due  

                          Total          0          1 to 30       31 to 60   61 to 90  Over 90

Accounts

receivable  $570,000 $396,000  $90,000  $36,000   $18,000  $30,000  

Percent uncollectible          1%             2%             5%             7%           10%  

a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using the aging of accounts receivable method.

Answer:

Daley Company

a. The estimated balance of Allowance for Doubtful Accounts using the aging of accounts receivable method is:

= $11,820.

b. Adjusting Journal Entry:

Debit Bad debts expense $6,420

Credit Allowance for Doubtful Accounts $6,420

To record bad debts expense and bring Allowance balance to $11,820.                      

c. Adjusting Journal Entry:

Debit Bad debts expense $13,720

Credit Allowance for Doubtful Accounts $13,720

To record bad debts expense and bring Allowance balance to $11,820.  

Explanation:

a) Data and Calculations:

Ageing of Accounts Receivable:

                                                        Days Past Due  

                          Total          0          1 to 30       31 to 60   61 to 90  Over 90

Accounts

receivable  $570,000 $396,000  $90,000  $36,000   $18,000  $30,000  

Percent uncollectible          1%             2%             5%             7%           10%

Allowance      $11,820     $3,960      $1,800     $1,800      $1,260    $3,000

Bad Debts Expense:

Allowance for Doubtful Accounts:

                                         b.                                 c.

Unadjusted balance $5,400 credit              $1,900 debit

Adjusted balance       11,820 credit               11,820 credit

Bad debts expense $6,420                       $13,720

as an austrian-thai company, red bull has done a remarkable job of positioning itself internationally by coming across as a local company in every country where red bull is sold. Would you be more or less likely to buy redbull knowing the brand is austrian but with a strong tahi influence? Does it generally mattter to consumers where a product orignates from?

Answers

No

It does not actually matter, because what we buy is the quality of the product not where the product is from.

You and your family visit Orlando for a week. While there, you decide to go to Universal Studios. When you arrive, you notice that each family member can buy a day pass for $115 or a two-day pass for $150. If you want a three-day pass, the price is $170. Suppose your benefit, measured in utility, is equal to $120 in value the first day you go to the park, $50 more if you go a second day, and $15 more for the third day. What ticket, if any, should you buy

Answers

Answer:

the second day ticket

Explanation:

We would purchase the ticket with the highest net benefit

Net benefit = Benefit - cost of ticket

First day

Net benefit = $120 - $115 = $5

Second day

Net benefit = ($120 + $50) - $150 = $20

Third day

Net benefit = ($170 + $15) - $170 = $15

The second day yields the highest net benefit

Which of the following is not a benefit of contributing to a retirement
account?
A. Contributions earning interest once deposited
B. Contributions equaling "free money"
O C. Reduction in taxable income
D. Employer matching

Answers

Answer:

"as long as you contribute,  you dont have to pay any taxes" is the correct answer for me.

Explanation:

i just took the quiz, hope this helps!

The following is not a benefit of contributing to a retirement account: Contributions equaling "free money". Thus option (B) is correct.

What is a retirement account?

A retirement account is a type of investment account designed to help individuals save for retirement. These accounts are intended to provide a source of income for individuals after they retire from work. There are several different types of retirement accounts, each with its own set of rules and tax advantages.

Overall, retirement accounts can be an effective way to save for retirement, and can provide tax advantages, potential employer contributions, and the benefits of compound interest over time.

Contributions equaling "free money" is not a benefit of contributing to a retirement account. Therefore option (B) is correct.

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You have decided to start a lawn service business to help pay your tuition so that you can complete your undergraduate accounting degree. You plan to provide various lawn maintenance services that will include lawn mowing services, aeration and fertilization. You and two of your friends have agreed to work for you in this new business endeavor. Which of the following would best describe organizing for your new business?
A. Preparing monthly billing statements for clients.
B. Determining the types of lawn services that you will provide for clients.
C. Providing employees with the authority to make decisions regarding a client.
D. Hiring and training new employees.

Answers

Answer:

B. Determining the types of lawn services that you will provide for clients.

Explanation:

As can be seen in the question above, you have decided to open a gardening business. However, as we know, gardening is very broad and many services can be associated with it. In order not to leave your business disorganized and to define the service you are offering, you have organized your business by determining the types of lawn services that your business offers, such as lawn mowing, aeration and fertilization.

On August 10, a credit card account had a balance of $325. A purchase of $56 was made on August 15, and $157 was charged on August 27. A payment of $79 was made on August 15. The interest on the average daily balance is 1.35% per month. Find the finance charge on the September 10 bill. (Round your answer to two decimal places.)

Answers

Answer:

The finance charge on the September 10 bill is $5.08.

Explanation:

Note: See the attached excel file for the calculation of the sum of total amount owed each day (in bold red color).

From the attached excel file, we have:

Sum of total amount owed each day = $11,675

Average daily balance = Sum of total amount owed each day / Number of days in the billing period = $11,675 / 31 = $376.61

Finance charge = Average daily balance * Interest rate per month = $376.61 * 1.35% = $5.08

Therefore, the finance charge on the September 10 bill is $5.08.

What factor might an Irrational decision maker consider when making economic decisions?*


A emotions


B perceptions

C sunk costs

D any of the above​

Answers

i believe the answer is D

The principal objectives of the human resource management process are to ______. Multiple select question. accrue liabilities for wages, payroll taxes, and employee benefit programs ensure that payroll costs are for legitimate entity activities record production and other types of payroll costs in accounts report compensation paid to consultants or contractors on IRS Form 1099

Answers

Answer:

ensure that payroll costs are for legitimate entity activities.

Explanation:

Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.

Generally, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization.

The principal objectives of the human resource management process are to ensure that payroll costs are for legitimate entity activities because they make sure work attendance are taken, so as to record the number of times each employee reported to work and whether or not they were punctual on a daily basis.

A mother notices that when she divides brownies equally between her two children and gives each child her share on a separate plate, the brownies last a long time. But when she gives her children a plate to share, the brownies are gone pretty quickly. The mother concludes from this that brownies given on a single plate are:_______.
A) excludable but they might either be rival or nonrival.
B) nonexcludable and nonrival.
C) excludable and rival.
D) excludable and nonrival.
E) nonexcludable and rival.

Answers

Answer:

E

Explanation:

I think this because if the children had'nt rivaled over the brownies, they would've lasted longer.

E is the correct answer

at a higher price the quantity supplied of a product typically is

higher or lower

Answers

Answer:

The law of supply states, that higher prices lead to higher quantities of things.

Explanation:

I searched it up. I was confused. Sorry for searching it up.

Taking a smartphone to the gym when you work out becomes more popular. What is the result of this event?

As a result, _______.
A. the quantity of smartphones demanded increases
B. the demand for smartphones increases
C. the quantity of smartphones demanded decreases
D. the demand for smartphones decreases

Answers

Answer:

B is the answer

Explanation:

it's B i think

When the smartphone you take to gym becomes more popular, then, the result will be an an increases in demand for smartphones

Demand means the willingness to acquire a product or service. Here, the popularity of the smartphone will result to an increase in its demand because people want to use the smartphone.

Hence, when the smartphone you take to gym becomes more popular, then, the result will be an an increases in demand for smartphones

Therefore, the Option B is correct

Read more about Demand

brainly.com/question/13369401

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