Based on the recorded cash transactions, the net cash from operating activities is $150400
Operating cash flow can be calculated as total cash received from sales minus total cash paid for operating expenses.
Activities that included in operating cash flows:
- salaries
- payment to vendors/supplies
- interest income or dividend received
- paid dividend and paid interest
- income tax paid
- cash from customers
Data from the problem:
Cash from customers = $365000
Salaries paid = $187000
Utilities paid = $19600
Dividend paid = $8000
Purchasing office equipment is not included in operating expenses.
Hence,
Net cash from operating activities = $365000 - ($187000 + $19600 + $8000) = $150400
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which of the following are value chain activities that can enhance differentiation? multiple select question. strict quality specifications on raw materials from suppliers superior product features and performance resourceful attempts to clone features of products from successful competitors product innovations and technological advances
Value chain activities that can enhance differentiation product innovations and technological advances, strict quality specifications on raw materials from suppliers, superior product features and performance.
The process through which a finished product is created, from its conceptualization to its delivery to a consumer, is known as a value chain. The supply chain outlines every stage of production, including the sourcing, production, and marketing phases, where value is added. A firm analyzes its value chain by analyzing the specific processes involved in each stage of its operations. A value-chain analysis' goal is to boost process efficiency so that a business can provide the most value for the least amount of money.
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a trust is a(n): group of answer choices form of property ownership created by the common law that prevents people from stealing inheritance money from their co-inheritors form of property ownership created by the common law that combines the legal and beneficial ownership of property form of property ownership created by the tort law that separtaes the legal and beneficial ownership of property a form of property ownership created by the common law that separtates the legal and beneficial ownership of property none of the other choices are correct
Form of possessions ownership created by the standard law that separates the legal and practical ownership of property
What is possessions ownership?Ownership is the legal possession and control of property, which can be any tangible or intangible asset. Ownership can involve multiple rights, referred to collectively as title, that can be separated and held by different parties. Ownership entails absolute rights and a legal claim to an object. It means that the owner owns the object. Possession is more about having physical control over an object. A car owner, for example, could lend it to someone else to drive. That driver would then be the owner of the vehicle. However, simply lending the car to someone else does not transfer ownership.To learn more about ownership, refer to:
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Determine cost of goods sold for x-mart, assuming that beginning inventory was $5,000. Net purchases were $20,000 and ending inventory was $9,000.
The cost of goods sold formula can be expressed simply as follows: Starting inventory + purchases ending inventory = cost of goods sold. The following formula combines all the inventory information for the entire accounting period: Beginning stock plus purchases equals the cost of the available products (i.e., cost of goods available for sale.) So, cost of goods sold = cost of goods available - cost of items ending inventory.
Explanation:
Beginning inventory is $5,000
Net purchases is $20,000
Ending inventory is $9,000
Therefore the cost of goods sold can be calculated as follows
= (5,000+20,000)-9,000
= 25,000-9,000
= 16,000
Hence the cost of goods sold is $16,000
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A market with negative externalities will tend to _____ compared to a market producing the socially optimal output.
A market with negative externalities will tend to overproduce and sell at lower price compared to a market producing the socially optimal output.
Overproduction, or oversupply, means you have got an excessive amount of of some thing than is important to fulfill the demand of your marketplace. The resulting glut ends in decrease prices and probably unsold items. That, in flip, results in the price of manufacturing – such as the value of exertions – increasing significantly.
The choice for longer than important manufacturing runs or product batch sizes because of lengthy setup times. Ordering extra substances than necessary, just in case. awaiting disrupted production flows. Unbalanced manufacturing ranges, cells, or departments
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2. hunter, inc. analyzed its accounts receivable balances at december 31, and arrived at the aged balances listed below, along with the percentage that is estimated to be uncollectible: aging group balance in a/r probability of non-collection 0-30 days past due $90,000 1% 31-60 days past due 20,000 2% 61-120 days past due 11,000 6% 121-180 days past due 6,000 10% over 180 days past due 5,000 25% the company handles credit losses using the aging of accounts receivable method. the credit balance in the allowance for bad debt (abd) account is $820 on december 31, before adjusting entries. the adjusting entry for estimated bad debt on december 31 will include: a) a debit to allowance for bad debt for $3,810 b) a credit to allowance for bad debt for $3,810 c) a debit to allowance for bad debt for $2,990 d) a credit to allowance for bad debt for $2,990
Adjusted balance in Allowance account required - CREDIT $3,810, Unadjusted balance in Allowance account existing - Credit (Debit) $820 and Bad Debt Expense [Adjusted balance - Unadjusted balance]$2,990
What is Bad Debt Expense?
When a receivable is no longer recoverable because a client is unable to fulfil their responsibility to pay an outstanding debt owing to bankruptcy or other financial troubles, a bad debt expense is reported. Companies that give credit to their customers disclose bad debts on their balance sheets as an allowance for uncertain accounts, often known as a provision on credit losses. Bad debt charges are often recorded on the income statement as a sales and general administrative expense. Recognizing bad debts reduces accounts receivable just on balance sheet, however businesses maintain the right to collect payments if circumstances change.
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in 2022, a taxpayer (with no employee compensation) was allocated $165,000 of self-employment income. calculate the amount of self-employment tax the taxpayer would owe.
Based on the amount the taxpayer was allocated in 2022, the amount of self-employment tax that the taxpayer would owe is $25,245
How to find the self-employment tax?The self-employment tax that a person owes is often based on three things which are their self-employment income, the social security taxes to be paid, and the Medicare taxes. This means that the self - employment taxes charged to people are often for the benefit of the less fortunate in the United States.
In the year 2022, the Social security tax for those who are self - employed is 12.4%.
The Medicare tax for those who are self - employed comes to 2.9%.
The total self - employment tax is therefore:
= 12.4% + 2.9%
= 15.3%
The amount of self-employment tax that the taxpayer would owe in 2022 is:
= 15.3 % x 165,000
= $25,245
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which of the following are advantages of the corporate form of organization? (select all that apply). multiple select question. ability to accumulate large amounts of capital limited liability simplicity of its structure low cost of establishment transferability of ownership
There are several advantages to forming a business, including limited personal liability, comfortable request transfer, business continuity, improved access to capital, and (depending on the corporation structure) occasional tax benefits.
What is the corporate form?A company that is organized in corporate form is able to function independently of its owners. In many states, one or more people may operate a company in the corporate form of business. In general, the choice of corporate form distinguishes between two types of company structures: limited companies and partnerships. The decision is whether the company's owners will be personally liable for the company's debt or will not be. Corporations are owned by shareholders who invest money in the company by purchasing stock. The percentage of stock they own determines how much of the corporation they own.
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you are trying to price two bonds that have the same maturity and par value but different coupon rates and different required rates of return. both bonds mature in 3 years and have par values of $1000. one bond has a coupon rate of 7% and a required rate of return of 7%. the other bond has a coupon rate of 5% and a required rate of return of 5%. what is the absolute value of the difference between the price of these two bonds?
As the coupon rate and required rate of return are the same on both bonds, the bonds will be issued at the par value of $1,000. Therefore, the absolute value of the difference between the price of the two bonds will be $0 (1,000 - 1,000).
In marketing, a chit is a price tag or file that can be redeemed for an economic discount or rebate when buying a product. Customarily, coupons are issued by way of manufacturers of client packaged goods by means of stores, for use in retail shops as part of income promotions. They are regularly extensively distributed through mail, coupon envelopes, magazines, newspapers, the net (social media, electronic mail newsletter), directly from the store, and mobile devices together with mobile phones. The big apple instances said that "more than 900 producers' coupons had been disbursed" in line with family, and that "America Department of Agriculture estimates that 4 households in five use coupons.
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customer service is a key attribute of sharon's shoe shop. sharon expects all of her employees to provide excellent service, and her performance appraisals go over this area in detail. which criterion for effective performance is sharon using?
Customer service is a key attribute of Sharon's shoe shop. The criterion for effective performance is Sharon using Fit with strategy.
Customer service is the support and advice that a company provides to people who purchase or use its products and services. Different industries require different levels of customer service, but ultimately, the idea of well-delivered service is to increase revenue. formed in the ages. This gave rise to the customer service he is known for today. It is very interesting to look back in history and see how this industry has evolved.
Inform you and your employees about the products you sell. Respond to customer questions and respond quickly (even if it's negative feedback). Do whatever it takes to make your customers happy and feel special.
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emma purchased two call option contracts on vergara stock with a strike price of $18.50 when the option was quoted at $.78. the option expires today when the value of vergara stock is $19.45. ignoring trading costs and taxes, what is the net profit on this investment?
The net profit for Emma on this investment is calculated to be $0.17
Call option can be described as an option to buy by paying for a call premium. This option is used when the strike price is less than the current market price. In this problem, the strike price is $18.50 and the premium is $0.78 whereas the current market price is $19.45. The option buyer can exercise the contract by purchasing the stock at a lower price and selling at the current market price to gain a profit.
The gain can be calculated as;
Gain value = Current price - Strike price
Gain value = $19.45 - $18.50
Gain value = $0.95
Now we subtract the premium cost from this value to calculate the net profit as follows;
Profit = Gain value - Call premium
Profit = $0.95 - $0.78
Profit = $0.17
Therefore, the net profit on this investment is $0.17
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at the end of the day, the cash register tape shows $1,180 in cash sales, but the count of cash in the register is $1,235. the proper entry to account for this excess is:
At the end of the day, the cash register tape shows $1,180 in cash sales, but the count of cash in the register is $1,235. the proper entry to account for this excess is: $55
What is Credit sales?Generally, Credit sales are purchases in which the buyer agrees to pay the seller the whole amount owing at a later time.
Customers that do not pay for their items in whole and in cash at the time of purchase are said to have made a credit sale.
In conclusion, The following entry is the correct one to make to account for the excess:
Cash withdrawal of $1235
Credit sales $1180
credit for cash over and short.
=1235-1180
credit for cash over and short.
=55
$55 is owed in credit for cash over and short.
Therefore, the third choice is the right one.
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if you were to run a sports team, what would be your financial and customer metrics? explain why you chose the metrics you choose. do they compete with or help each other? if you are not familiar with a sport, feel free to use the baseball example from moneyball.
Financial measures make economic data sets' qualities visible that might not be obvious from a single glance at the statistics.
Each financial measure offers a distinct message about a body of economic data, and they all deal with economic data. Profitability, account receivable aging, and days sales outstanding are some examples of financial measures (which tells how many days, on average , it takes to receive payment from the invoice date)
Non-financial measures can give insight into an organization's impact on stakeholders and society as well as act as leading indicators of future financial performance. Non-financial measures can be used to determine what changed in order to enhance and why specific financial results occurred. Non-financial criteria include, for instance, a company's reputation, competitiveness, and innovation and customer influence and value.
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steven operates a landscaping service on the accrual method. in september of this year, steven received a payment of $18,000 for 24 months of landscape services ($750 per month commencing on november 1st of this year). when must steven recognize the income if his accounting methods are selected to minimize income recognition?
If steven received a payment of $18,000 for 24 months of landscape services ($750 per month commencing on november 1st of this year). if his accounting methods are selected to minimize income recognition is : A. $1,500 is recognized in this year, $16,500 next year.
Determining the recognized incomeSince we were told that he received payment of the amount of $18,000 and as well received the amount of $750 per months starting from November 1 now let determine his recognized amount.
Recognized amount this year:
Recognized amount this year = Amount received in November × 2 months
Recognized amount this year = $750 × 2 months
Recognized amount this year = $1,500
Recognized amount next year:
Recognized amount next year = Amount received in September - Recognized amount in November
Recognized amount next year = $18,000 - $1,500
Recognized amount year = $16,500
Therefore the correct option is A..
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The complete question is:
Steven operates a landscaping service on the accrual method. In September of this year Steven received a payment of $18,000 for 24 months of landscape services ($750 per month commencing on November 1st of this year). When must Steven recognize the income if his accounting methods are selected to minimize income recognition?
A. $1,500 is recognized in this year, $16,500 next year.
B. $1,500 is recognized this year, $9,000 next year, and $7,500 in the last year or the contract
C. $18,000 is recognized this year
D. $9,000 is recognized this year and $9,000 next year
E. $18,000 is recognized in the last year of the contract
markets distribute production across companies in a way that: minimizes costs. maximizes production. maximizes the number of firms. minimizes production.
The distribution of production by markets across companies is done in such a way that it minimizes costs.
How is production distributed?Production in a market is distributed according to the various companies in the market. The goal of this production is to minimize costs that are incurred by the companies in being able to provide goods and services. There are two reasons why the costs in a market need to be minimized and they both relate to ensuring that the customers are at an advantage.
The first reason for the reduced cost is that companies can be able to produce more goods and services because they will spend less per unit produced. This is therefore good for the market at large with consumers getting more goods. Lower costs also mean lower prices for consumers which is good for them once again.
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at a sales volume of 34,000 units, choice corporation's sales commissions (a cost that is variable with respect to sales volume) total $741,200. to the nearest whole dollar, what should be the total sales commissions at a sales volume of 32,300 units? (assume that this sales volume is within the relevant range.) (round intermediate calculations to 2 decimal places.)
Total sales commissions at a unit sales volume of 424,960.
What is volume?Volume is a measurement of three-dimensional space that is occupied. It is frequently numerically quantified using SI derived units or various imperial units. Interrelate is the definition of length. Every three-dimensional object requires some amount of space. The volume of this space is measured. Volume is defined as the space occupied by an object within the boundaries of three-dimensional space. It is also referred to as the object's volume capacity. Volume is a measurement of an object's capacity. For example, the volume of a cup is 100 ml if it can hold 100 ml of water up to the brim. Volume is also the amount of space occupied by a three-dimensional object.The complete question is :
At a sales volume of 35,000 units, Thoma Corporation's sales commissions (a cost that is variable with respect to sales volume) total $448,000.
To the nearest whole dollar, what should be the total sales commissions at a sales volume of 33,200 units? (Assume that this sales volume is within the relevant range.)
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you just got a promotion and it came with a 25% raise in salary. you now sell your 2 old cars that you owned and buy 4 new ones. please calculate your income elasticity?
There are two income elasticities – one is for old car and the other is for new car. Income elasticity for old car = %change in QD / %change in income .
What is Income elasticity ?
The amount of a given product that is requested relies on factors other than only its price (see elasticity of demand) and the prices of related products (see cross price elasticity of demand). One such element is income.
What are some income elasticity example?
A negative 50% change in demand, or a drop of 5,000 divided by the starting demand of 10,000 automobiles, is multiplied by a 20% change in real income, or the $10,000 change in income divided by the initial value of $50,000, to determine the income elasticity of demand.
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all of the following are true about neoliberalism except that it a. seeks to control costs by lowering wage expenses b. characterizes the type of policies designed by powerful international financial institutions c. has been spreading globally d. refers to a recent revival of economic liberalism e. is characterized by the policy that environmental protection and job safety are too important to be left unregulated
They must understand that every culture they study is influenced by and shapes other cultures. What phrase describes money or resources invested in a company with the goal of making a profit political.
A populist economic and political structure, socialism is founded on the common, collective, or public ownership of the means of production. The equipment, resources, and manufacturing facilities utilized to create products that are intended to directly meet human needs are among those means of production understand. Three structural positions make up the contemporary world system: the core, semiperiphery, and periphery. The term "globalization" refers to the growing interconnectedness and interdependence of global economies and cultures. This is because they make other countries follow the same political policies to develop better agreements and everyone be on a similar structure and it would be easier.
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suppose that the benefit to a community of cleaning a polluted lake is $100000 and it will cost $120000 to clean it. what can we expect to happen? multiple choice question.
As a result of the fact that the benefit to the community to clean the polluted lake is $100, 000 but the cost is $120, 000, we can expect that The lake is not cleaned since the cost exceeds the benefit.
What happens when cost exceeds benefit?When the cost of doing something exceeds the benefit of doing it, then the thing will most likely not be done. This is because human beings are rationally minded and so usually try to do things that would give them a net marginal benefit. They can only get a net marginal benefit if the benefits of doing something is more than the cost of doing that thing.
In this scenario, the cost of cleaning up the polluted lake is $120, 000 while the benefit of cleaning up the lake is $100, 000. The benefit is therefore less than the cost to clean so we can expect that the community would not clean up the lake.
Options for this question include:
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in general, the higher the capital-to-labor ratio: question 21 options: a) the higher the productivity. b) the lower the rate of investment. c) the lower the productivity. d) the lower the wages.
When there is a higher capital-to-labor ratio, this will result in higher productivity. Hence, Option A is correct.
What is higher productivity?
Higher output from the same amount of input is a sign of higher productivity. It denotes a greater economy's or company's ability to convert resources into goods efficiently. We can therefore produce more with less if productivity increases.
When the same number of inputs are used to produce the same amount of output but with greater output or less inputs, productivity increases. Higher capital-to-labor ratios will lead to higher levels of productivity.
Therefore, Option A is correct.
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an improvement project requiring an initial investment of $30,000 has been proposed. the annual revenue estimates and associated probabilities are as follows: -$15,000 (0.4), $15,000 (0.5), $20,000 (0.1). the estimated life of the project is 10 years. determine whether the project is a good investment if the marr is 10% using: a) the optimistic, most likely and pessimistic approach; b) the exact probabilities.
future worth: project A 11,615.26
project B 12,139.18
It should choose project B as their future value is greater
IRR of project A: 13.54%
We should remember that the IRR is the rate at which the net value is zero thus, equals the inflow with the cash outlay marr.
It is calculate with excel or financial calculator due to the complex of the formula.
Explanation:
Project A
We calculate the future value of the cash flow per year and cost as we are asked for future value. investment The salvage value is already at the end of the project life so we don't adjust it.
Revenues future value
C 15,000
time 8
rate 0.12
FV $184,495.3970
Expenses future value
C 3,000
time marr 10
rate 0.12
FV $52,646.2052
Cost future value
Principal 40,000.00
time 10.00
rate 0.12000
Amount 124,233.93
Net future worth: -124,233.93 cost - 52,646.21 expenses + 184,495.40 revenues + 4,000 salvage value
future worth 11,615.26
Project B
cost:
Principal 60,000.00
time 10.00
rate 0.12000
Amount 186,350.89
expenses 52,646.21 (same as previous)
revenues
C 24,000
time 7
rate 0.12
FV $242,136.2815
TOTAL 242,136.28 + 9,000 - 52,646.21 - 186,350.89 = 12,139.18
Internal rate of return of project A
we write the time and cash flow for each period investment .
Time Cash flow
0 -40,000
1 -3,000
2 -3,000
3 12,000
4 12,000
5 12,000
6 12,000
7 12,000
8 12,000
9 12,000
10 16,000
IRR 13.54%
Then we write on excel the function =IRR(select the cashflow)
and we got the IRR of the project
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A share of stock with a beta of 0. 75 now sells for $50. Investors expect the stock to pay a year-end dividend of $2. The t-bill rate is 4%, and the market risk premium is 7%. Suppose investors believe the stock will sell for $52 at year-end. Calculate the opportunity cost of capital. Is the stock a good or bad buy? what will investors do? at what price will the stock reach an "equilibrium" at which it is perceived as fairly priced today?.
An investor is a person or a group of people who invest money in the hope of someday making a profit. This inclusive definition covers everyone from Wall Street institutions to family members who lend money to one another to startup incubators.
What is an investor, for instance?Whether the real return will be higher, lower, or the same as the needed return (opportunity cost of capital) will determine what the investors will do.You may determine the actual return by utilizing the holding period return, which is;= (Earnings(Dividends) + (Ending Stock Price - Beginning Stock Price))/Beginning Stock Price
= (2 + (52 - 50))/50
= 4/50
= 8%
The CAPM can be used to determine the Opportunity Cost of Capital.= Risk Free Rate + beta(Market Premium)
= 4% + 0.75(7%)
= 9.25%
The stock is a bad buy since the Opportunity Cost of Capital exceeds the Actual Return on the stock. Investors won't buy anything.To Learn more About investor refer to:
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which of the following statements about fee-for-service reimbursement is incorrect? group of answer choices a. payment may be cost based. b. payment may be charge based. c. payment may be on a prospective basis (specified beforehand). d. payment may be based on the number of covered lives. e. payment may be on a per visit basis.
The correct option will be D) Payment may be based on the number of covered lives.
FFS is a payment model in which doctors, hospitals, and medical practises charge separately for each service provided. The patient or insurance company is responsible in this model for paying whatever the healthcare provider charges for the service.
Although fee-for-service models are not completely out of the healthcare industry, value-based care models are making inroads. Patients can expect to see VBC models becoming more popular as a result of government support as a result of Medicare and ACA regulations (via the Centers for Medicare & Medicaid Services, or CMS).
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if actual aggregate output is less than potential output, then the: please choose the correct answer from the following choices, and then select the submit answer button. answer choices long-run aggregate supply curve will shift to the left. long-run aggregate supply curve will shift to the right. short-run aggregate supply curve will shift to the left. short-run aggregate supply curve will shift to the right.
The short-run aggregate supply curve swings to the right as nominal wages decline.
When the economy is on the short-run aggregate supply curve and to the right of the long-run aggregate supply curve, actual aggregate output will eventually equal potential output as nominal wages decline and the short-run aggregate supply curve shifts to the right.
Every economy experiences short-term fluctuations in GDP as it enters or exits recession.
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in the project planning process, it was determined that a cost-plus incentive pricing (cpif) contract will be used for the selected general contractor with a 70/30 share ratio and a target cost of $500.000 with a $50,000 fixed fee. at the end of project, costs came in at $476.000. how much was the seller paid according to the terms of this cpif contract?
A sum of $5,33,200 was paid to the seller as per the terms of this CPIF agreement.
The target cost of the project = $5,00,000
The actual cost of the project = $4,76,000
The estimated savings of the project = The target cost of the project - The actual cost of the project
= 500,000 - 476,000
= $24,000
The predetermined fixed fee = $50,000
The share ratio = 70/30
This represents a 70% share of the buyer and 30% of the seller/contractor.
The Final Fee = (The estimated savings × The sellers share percentage) + The predetermined fee
= 24,000 × 0.30 + 50,000
= 7,200 + 50,000
= $57,200
The final price paid to the seller = The actual cost of the project + The Final Fee
= $476,000 + $57,200
= $533,200
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if damaged, obsolete (out-of-date), or deteriorated goods can be sold, they will be included in inventory at their original cost. group startstrue or false
This is true. if damaged, obsolete (out-of-date), or deteriorated goods can be sold, they will be included in inventory at their original cost.
What is an obsolete good?This is the term that is used to refer to the good that is already at the inventory which is known to be at the end of its life cycle. That is the good has not been used for a very long time and it has not been sold either. It may not even be sold in the future.
For a good that is of this nature, it would have to be included at the original cost that it had in the inventory when it was bought at the time.
Hence the answer is true.
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This is true. If broken (or damaged), old, or worn-out goods can still be sold, they will be added to the inventory at their original cost.
What is the term "obsolete good?"This is the term used to describe a product that is already in the inventory but has reached the end of its life cycle. In other words, the item has not been used or sold for an extended period of time. It may not be sold at all in the future.
For a product of this sort, it must be included in the inventory at the original cost it had at the time it was purchased.
Thus, the response is true.
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the dean of a business school is forecasting total student enrollment for next year based on the following historical data: year total enrollment 1 1600 2 2000 3 2200 4 2600 5 3000 what is 6th year's forecast using the naive approach? group of answer choices 2,200 2,800 none of the choices 2,000 3,400
Based on the latest observed data, the 6th year's forecast using the naive approach is 3000 total enrollment.
The naive approach in forecasting takes the value in the previous period and predicts that it will happen exactly the same.
Data from the problem:
Year total enrollment
1 1600
2 2000
3 2200
4 2600
5 3000
The last data is the data of the 5th year, that is 3000 students enrolled. Since the naive approach uses the latest observed data to predict the outcome for the 6th year, then the 6th year forecast is 3000 students enrolled.
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when we developed the idea of leadership by lottery in class, we found that leadership by lottery creates what? (class) group of answer choices better members worse organizations (in terms of financial performance) better leaders worse leaders better organizations (in terms of financial performance)
Business leadership is the process by which people make decisions, establish goals, and give direction in a workplace setting. Although there are many distinct types of business leadership, most often the rest of the team is led and motivated by the CEO or other senior personnel.
Explain about the idea of leadership?Leaders set the example and motivate followers to uphold moral principles in order to grow. To do this, they create a vision that inspires individuals to strive toward it and then urge and motivate others to do the same. They also organize, coach, and supervise the direct or indirect delivery of the vision through their teams.
Business leadership refers to an organization's management's capacity to set and attain challenging objectives, act quickly and decisively when called upon, outperform the competition, and inspire staff to work to the best of their abilities.
A key management responsibility is to direct an organization's resources toward improved effectiveness and goal achievement. Effective leaders set clear objectives and inspire and guide their staff to achieve the objectives of the organization.
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austin's total fixed cost is $3,600. austin employs 20 workers and pays each worker $60. the average product of labor is 30, and the marginal product of the twentieth worker is 12. what is the marginal cost of the last unit produced by the last worker austin hired?
$5 is the marginal cost of the last unit produced by the last worker austin hired.
Given that,
Total fixed cost = $3,600
Number of workers employs = 20
Wages = $60 per worker
Average product of labor = 30
Marginal product of twentieth worker = 12
The cost that has increased in order to produce an extra unit of a commodity is referred to as the marginal cost.
The production opportunity cost is known as marginal cost.
we can calculate the marginal cost of the last unit produced by the twentieth worker is:
= Wages per worker ÷ Marginal product of twentieth worker
= $60 ÷ 12
= $5
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share 3 key takeaways from the course and lecture how does your project relate to your career identity? how will you use the information in your future career development/job search?
Initiation, exploration, decision-making, preparation, and implementation are the five phases that are essential to successful career planning, according to the model presented in this study (Magnusson, 1991, 1992).
How will you use the information in your future career development ?The steps are sequential, despite the fact that some clients may start at the initiation stage and work their way through to implementation. At this point, knowing yourself better is the key to choose the correct career.Write down your interests, personality type, goals, and values that pertain to your line of work on a piece of paper.This will enable you to focus on jobs that complement your own characteristics.Explore each profession in detail after that. Knowledge-based, skill-based, entrepreneur-based, and freelance job options are the four main categories.Every type of career path caters to a particular set of skills that aid in job performance. Career growth versus career development.Career growth, on the other hand, is the big picture, the total progress of someone's professional life; it is characterized by the various positions and responsibilities you take on throughout your career journey. Career development is achieved by developing abilities in the short term. An individual's vision, goals, motivation, and learning styles are reflected in their career progression.Instead of concentrating solely on the current employment, it discusses the potential for a comprehensive career path.To learn more about career development refer
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What option does a licensed driver in the state of virginia have instead of purchasing liability insurance?.
Instead of purchasing liability insurance, a licensed driver in Virginia has the choice to pay an uninsured motorist vehicle fee.
In Virginia, it is considered illegal to drive a car without paying at least the minimum amount of liability insurance as required by law. It is a legal requirement in Virginian that licensed drivers have to purchase a minimum amount of auto insurance coverage for registered vehicles.
But licensed drivers in Virginia also have an option to legally drive the car without the purchase of liability insurance. In that case, the licensed drivers are required to pay an uninsured motor vehicle fee. The uninsured motorist vehicle fee makes it legal for the liscened drivers to drive the vehicle on road and thus avoids penalty.
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