Answer:
$8,686
Explanation:
Calculation to determine what the Bad debt expense for 2021 would be
First step is to calculate the Estimated bad debts
Estimated bad debts=
($233,000+$22,900)*4%
Estimated bad debts=$10,236
Second step is to calculate the Allowance
Allowance=$8,900-$7,350
Allowance$1,550
Now let calculate the Bad debts expense
Bad debts expense=$10,236-$1,550
Bad debts expense=$8,686
Therefore the Bad debt expense for 2021 would be $8,686
Alejandro, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined-benefit pension plan for the year ended December 31, 2016. January 1, 2019 December 31, 2019 Fair value of pension plan assets $4,200,000 $4,500,000 Projected benefit obligation 4,800,000 5,160,000 Accumulated benefit obligation 840,000 1,020,000 Accumulated OCI – (Gains / Losses) -0- (90,000) The service cost component of pension expense for 2016 is $450,000 and the amortization of prior service cost due to an increase in benefits is $60,000. The settlement rate is 10% and the expected rate of return is 10%. What is the amount of pension expense for 2016?
Answer: $570,000
Explanation:
The amount of pension expense for 2016 is calculated below:
Service cost = $450,000
Add: Interest on projected benefit obligations = 10% × 4,800,000 = $480,000
Less: Expected return on plan assets = 10% × $4,200,000 = $420,000
Add: Amortization of prior service cost = $60,000
Pension expense = $570,000
During 2022, Cheyenne Corp. reported cash provided by operations of $699000, cash used in investing of $604000, and cash used in financing of $167000. In addition, cash spent on fixed assets during the period was $243000. Average current liabilities were $572000 and average total liabilities were $1510000. No dividends were paid. Based on this information, what was Cheyenne free cash flow
Answer:
$456,000
Explanation:
Free cash flow = Cash flow from operating activities - Capital expenditure
Free cash flow = $699,000 - $243,000
Free cash flow = $456,000
So, based on this information, Cheyenne free cash flow is $456,000
Georgia Movie Company has a capital structure with 50.00% debt and 50.00% equity. The cost of debt for the firm is 9.00%, while the cost of equity is 15.00%. The tax rate facing the firm is 36.00%. The firm is considering opening a new theater chain in a local college town. The project is expected to cost $12.00 million to initiate in year 0. Georgia Movie expects cash flows in the first year to be $3.10 million, and it also expects cash flows from the movie operation to increase by 4.00% each year going forward. The company wants to examine the project over a 13.00-year period. What is the WACC for this project
Answer:
10.38%
Explanation:
The computation of the WACC is given below:
WACC = Weight of debt × After tax Cost of debt + Weight of Equity × Cost of Equity
Here After tax cost of debt is
= Cost of debt × (1 - tax rate)
= 9% × (1 - 36%)
= 5.76%
Now
WACC = 50% × 5.76% + 50% × 15%
= 10.38%
24. The following information is available for Geek Manufacturing Company. -- Direct materials price standard is $4.50 per pound. -- Direct materials quantity standard is seven pounds per finished unit. -- Budgeted production is 25,000 finished units. -- 200,000 pounds of direct materials were purchased for $925,000. -- 200,000 pounds of direct materials were used in production. -- 25,600 finished units of product were produced. What is the direct materials price variance
Answer:
Material price variance = $25,000 Unfavorable
Explanation:
A material price variance occurs where materials are purchased at a price either lower or higher than the standard price. A favorable variance is recorded where the actual total cost of materials is lower that the standard cost. While an adverse variance implies the opposite
$
200,000 pounds should have cost (200,000× $4.50)= 900,000
but did cost 925,000
Material price variance 25,000Unfavorable
Material price variance = $25,000 Unfavorable
a stock analyst wants to use a dividend pricing model to value stock. the analyst believes will pay its first dividend in exactly 15 years, and she is guessing that the dividend will be $10.00 per share at that time. the analyst assumes that dividends will grow by 5% per year going forward after year 15. the required return to hold is estimated to be 12% per year. based on these assumptions, what is the intrinsic value of stock today
Answer:
P0 = $27.4044 rounded off to $27.40
Explanation:
The constant growth model of dividend discount model (DDM) can be used to calculate the price of the stock today. DDM calculates the price of a stock based on the present value of the expected future dividends from the stock. The formula for price today under constant growth DDM is,
P0 = D0 * (1+g) / (r - g)
Where,
D0 * (1+g) is the dividend expected in Year 1 or next year g is the constant growth rate in dividends r is the discount rate or required rate of return
To calculate the price of the stock today, we firsts need to calculate the price of the stock in year 15 and discount it back to today's value.
As we can see that to calculate the price of the stock today, we use dividend that is expected for the next period or Year 1. Thus to calculate the price of the stock in Year 15, we will use the dividend that will be expected in Year 16.
P15 = D15 * (1+g) / (r - g)
P15 = 10 * (1+0.05) / (0.12 - 0.05)
P15 = $150 per share
To calculate the price of this stock today, we must discount the Year 15 price to today's price.
P0 = P15 / (1+r)^15
P0 = 150 / (1+0.12)^15
P0 = $27.4044 rounded off to $27.40
Technoid Inc. sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2018. The manufacturing cost of the computers was $130,000. This noncancelable lease had the following terms: Lease payments: $23,000 semiannually; first payment at January 1, 2018; remaining payments at June 30 and December 31 each year through June 30, 2022. Lease term: five years (10 semiannual payments). No residual value; no purchase option. Economic life of equipment: five years. Implicit interest rate and lessee's incremental borrowing rate: 5% semiannually. What is the outstanding balance of the lease liability in Lone Star's December 31, 2018, balance sheet
Answer:
$89,350
Explanation:
Calculation to determine the outstanding balance of the lease liability in Lone Star's December 31, 2018, balance sheet
First step is to calculate the Balance after first payment
Initial lease liability $130,000
Less: First payment $23,000
Balance after first payment $107,000
Second step is to calculate the Interest expense for June 30,2021
Interest expense for June 30,2021= $107,000*5%
Interest expense for June 30,2021=$5,350
Third step is to calculate the Principal payment for June 30,2021
Principal payment for June 30,2021=$23,000-$5,350
Principal payment for June 30,2021=$17,650
Now let calculate the Outstanding balance on June
Balance after first payment. $107,000
Less: Principal payment for June $17,650
Outstanding balance on June $89,350
Therefore the outstanding balance of the lease liability in Lone Star's December 31, 2018, balance sheet is $89,350
The delivered-equipment cost for a fully equipped CNC machining system is $4.2 million. The direct cost factor is 1.52 and the indirect cost factor is 0.37. Estimate the total plant cost if the indirect cost factor applies to the total direct cost. (Enter your answer in dollars and not in millions of dollars.) The total plant cost is $
Answer: $14.5 million
Explanation:
The following information can be gotten from the question;
Total equipment cost = $4.2 million
Direct cost factor = 1.52
Indirect cos factor = 0.37
The total plant cost will then be calculated as:
= 4.2 × (1 + 1.52) × (1 + 0.37)
= 4.2 × 2.52 × 1.37
= 14.5
Therefore, the total plant cost is $14.5 million
What is the difference between demand and supply curve?
What is a loan forgiveness program? "
Answer:
Loan forgiveness is a program in which student loans are all or partly written down, as long as a candidate fulfills certain requirements. In nations where students must finance their education with student loans, loan forgiveness programs are designed to help make college more accessible for people who are willing to do a little bit of extra work.
Presented below are certain account balances of Swifty Products Co. Rent revenue $6,980 Sales discounts $8,170 Interest expense 13,320 Selling expenses 99,730 Beginning retained earnings 114,520 Sales revenue 405,100 Ending retained earnings 134,450 Income tax expense 27,776 Dividend revenue 71,430 Cost of goods sold 166,455 Sales returns and allowances 12,730 Administrative expenses 88,620 Allocation to noncontrolling interest 17,320 From the foregoing, compute the following: (a) total net revenue, (b) net income, (c) income attributable to controlling stockholders, if Swifty has allocation to noncontrolling interest of $17,320. (a) Total net revenue $enter total net revenue in dollars (b) Net income $enter net income in dollars (c) Income attributable to controlling stockholders $enter income attributable to controlling stockholders in dollars
Answer and Explanation:
The computation is shown below:
a
Sales revenue $405,100
Add: Rent revenue $6,980
Add: Dividend revenue $71,430
Less: Sales returns and allowances $(12730)
Less: Sales discounts $(8170)
a
Sales revenue 405100
Add: Rent revenue 6980
Add: Dividend revenue 71430
Less: Sales returns and allowances (12730)
Less: Sales discounts (8170)
Total net revenue $462,610
b
Total net revenue $462,610
Less: Expenses
Interest expense $13,320
Selling expenses $99,730
Income tax expense $27,776
Cost of goods sold $166,455
Administrative expenses $88,620
Total Expenses $395,901
Net income $66,709
c
Net income $66,709
Less: Allocation to noncontrolling interest $17,320
Income attributable to controlling stockholders $49,389
Tangen Corporation is considering the purchase of a machine that would cost $380,000 and would last for 6 years. At the end of 6 years, the machine would have a salvage value of $80,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $104,000. The company requires a minimum pretax return of 14% on all investment projects. The net present value of the proposed project is closest to:
Answer: $60,872
Explanation:
First calculate the present value of the cash benefits of this investment:
= Present value of cost savings + present value of salvage value
= (104,000 * Present value interest factor of Annuity,6 years, 14%) + [80,000 / (1 + 14%)⁶]
= (104,000 * 3.8887) + 36,446.92381
= $440,872
Net Present value = Present value of cash benefits - Investment cost
= 440,872 - 380,000
= $60,872
Pinnocle Corporation has provided the following data from its activity-based costing system: Activity Cost Pool Total Cost Total Activity Assembly $ 1,533,840 77,000 machine-hours Processing orders 91,065 1,950 orders Inspection 139,788 1,980 inspection-hours The company makes 430 units of product S78N a year, requiring a total of 660 machine-hours, 50 orders, and 10 inspection-hours per year. The product's direct materials cost is $51.25 per unit and its direct labor cost is $13.06 per unit. The product sells for $124.30 per unit. According to the activity-based costing system, the product margin for product S78N is: Multiple Choice $10,313.50. $25,795.70. $11,942.50. $9,607.50.
Answer:
Product margin= $9,607.5
Explanation:
First, we need to calculate the allocation rates:
Assembly= 1,533,840 / 77,000= $19.92 per machine-hour
Processing orders= 91,065 / 1,950= $46.7 per order
Inspection= 139,788 / 1,980= $70.6 per inspection-hour
Now, we need to allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Assembly= 19.92*660= 13,147.2
Processing orders= 46.7*50= 2,335
Inspection= 70.6*10= 706
Total= $16,188.2
Finally, the product margin for product S78N:
Product margin= 430* (124.3 - 51.25 - 13.06) - 16,188.2
Product margin= $9,607.5
Sual Company purchased a tractor at a cost of $180,000. The tractor has an estimated salvage value of $20,000 and an estimated life of 8 years, or 12,000 hours of operation. The tractor was purchased on January 1, 2019 and was used 2,400 hours in 2019 and 2,200 hours in 2020. What method of depreciation will produce the maximum depreciation expense in 2020
Answer:
Double-declining balance
Explanation:
Calculation to determine What method of depreciation will produce the maximum depreciation expense in 2020
Based on the information given we would be using the Straight-Line method, Double-declining balance and Units of production to determine the method of depreciation that will produce the maximum depreciation expense in 2020
Straight-Line method =($180,000 ‒ $20,000) / 8 Straight-Line method= $20,000 per year
Double-declining balance= $180,000 × (1/8 × 2)
Double-declining balance= $45,000 for 2019
Double-declining balance= ($180,000 ‒$45,000) × 1/4
Double-declining balance= $33,750 for 2020
Units of production=($180,000 - 20,000) × (2, 200 hours / 12,000 hours)
Units of production=$160,000*0.1833333
Units of production = $29,333 for 2020
Therefore the method of depreciation that will produce the maximum depreciation expense in 2020 is DOUBLE-DECLINING METHOD.
Howell Petroleum, Inc., is trying to evaluate a generation project with the following cash flows: Year Cash Flow 0 –$ 40,500,000 1 62,500,000 2 – 15,500,000
a. If the company requires a return of 11 percent on its investments, what is the NPV of the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) NPV $
b. Compute the IRRs for this project. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Enter the larger IRR in the first answer box and the smaller IRR in the second answer box. If you can only calculate one IRR, enter it in both boxes to receive partial credit. A negative answer should have a minus sign.) Internal rate of return % Internal rate of return %
Answer:
A. $3,226,158.59
B. Larger IRR 23.28%
Smaller IRR -68.95%
Explanation:
a. Calculation to determine the NPV of the project
Net Present Value (NPV) = -$40,500,000 + $62,500,000 / (1+.11) - $15,500,000 /( 1+.11)^2
Net Present Value (NPV) = -$40,500,000 + $62,500,000 / 1.11 - $15,500,000 / 1.11^2
Net Present Value (NPV) = $3,226,158.59
Therefore Net Present Value (NPV) of this project is $3,226,158.59
B. Computation for the IRRs for this project
We will be Using excel to compute the IRRs for this project
0 = -$40,500,000 + $62,500,000 / (1+.11) - $15,500,000 /( 1+.11)^2
= -$40,500,000 + $62,500,000 / 1.11 - $15,500,000 / 1.11^2
= $3,226,158.59
Using excel to calculate
A B
1 Year Cash Flow
2 0 -$40,500,000
3 1 $62,500,000
4 2 -$15,500,000
NPV $3,226,158.59
Excel formula NPV(11%,B3:B4)+B2
Larger IRR 23.28%
Excel formula IRR(B2:B4,0%)
Smaller IRR -68.95%
Therefore the IRRs for this project are :
Larger IRR 23.28%
Smaller IRR -68.95%
Presented below is information related to copyrights owned by Cullumber Company at December 31, 2020. Cost $8,590,000 Carrying amount 4,430,000 Expected future net cash flows 4,190,000 Fair value 3,330,000 Assume that Cullumber Company will continue to use this copyright in the future. As of December 31, 2020, the copyright is
Answer:
A. Dr Loss on Impairment $1,100,000
Cr Copyrights $1,100,000
B. Dr Amortization Expense $333,000
Cr Copyrights $333,000
C. No Entry
Explanation:
A. Preparation of the journal entry to record the impairment of the asset at December 31, 2020
Dr Loss on Impairment 1,100,000
Cr Copyrights 1,100,000
(4,430,000-3,330,000)
(To record impairment of the asset )
Carrying amount 4,430,000
Fair value 3,330,000
Loss on impairment $1,100,000
B. Preparation of the journal entry to record amortization expense for 2021 related to the copyrights.
Dr Amortization Expense $333,000
Cr Copyrights $333,000
(3,330,000÷10 years)
(To record amortization expense)
New carrying amount 3,330,000
Useful life ÷ 10 years
Amortization per year $333,000
C.Preparation of the journal entry necessary to record the increase in fair value
No Entry
Henderson Electronics Corporation manufactures and sells FM radios. Information on the prior year's operations (sales and production Model A1) is presented below: Sales price per unit $30 Costs per unit: Direct material 7 Direct labor 4 Overhead (50% variable) 6 Selling costs (40% variable) 10 Production in units 10,000 Sales in units 9,500 Refer to Henderson Electronics Corporation. Assume that the remaining Model A1 radios can be sold through normal channels or to a foreign buyer for $6 per unit. If sold through regular channels, the minimum acceptable price will be
Answer:
the minimum acceptable price is $4
Explanation:
The computation of the minimum acceptable price is shown below:
Here the minimum acceptable price would be considered as a variable selling cost i.e. calculated below:
= Selling cost × variable percentage
= $10 × 40%
= $4
hence, the minimum acceptable price is $4
The same would be considered and relevant too
Take a deck of playing cards and remove the aces, jacks, queens, kings, and jokers. Imagine that any remaining card in the deck is a single individual, either a seller or a consumer, and all are gathered at a single perfectly competitive market. Red cards are sellers, and black cards are consumers. The number on a card indicates the individual's WTP or MC. Each seller owns a single unit of an indivisible good. Each consumer can buy at most one unit of the good from a seller. Then the market outcome will be
Answer:
the equilibrium price is 6 and units sold is 10
Explanation:
In the case when we eliminate all the jacks, queens, aces and kings we have a total of 36 card that left with the numbers from 2 to 10
also there are 18 red card of sellers and 18 black card of buyers
Now the following table should be prepared
Price Quantity demanded Quantity supplied
2 18 2
3 16 4
4 14 6
5 12 8
6 10 10
7 8 12
8 6 14
9 4 16
10 2 19
As we can see that at the price of 6 the quantity demanded would be equivalent to the quantity supplied
So, the equilibrium price is 6 and units sold is 10
Discovering the process of distribution of commonly used items is quite interesting and opens eyes to several new processes and careers! Your group will be in charge of dissecting the process of distribution related to any of the following items:
*Televisions
*Milk in Cartons
*Laundry Detergent
*Refrigerators
*Lumber
*Pineapples
*Video Games
*Watches
*Coffee
*Shoes
*Football Helmets
*Pencils
Narrow your research by selecting a brand or company that manufactures or distributes one of the products listed above. For example, not all shoes come from the same country, manufacturer, distributor, or are distributed alike. Select a brand of shoes you are familiar with and begin the search. The goal is to trace the process from production to consumer.
What would be the effects if a business didn't follow the matching principle?
IRR in Excel!(CHAPTER 9) Your company is considering a new project opportunity. It would immediately receive $200. In return, in the next 4 years it will need to pay the following amounts of money: In 1 year: $80 In 2 years: $70 In 3 years: $60 In 4 years: $50 The required annual rate of return is 19%. Answer the following questions: (a) The Internal Rate of Return for this project is . %. (Round your answer to TWO decimal places. Put your answer in percent, NOT in decimals. For example, if your answer is 12.34 percent, then you need to put 12.34, and NOT 0.12)
Answer:
12.44%
Explanation:
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
cash floe in yer0 = 200
cash flow in year 1 = -80
cash flow in year 2 = - 70
cash flow in year 2 = - 60
cash flow in year 2 = - 40
irr = 12.44%
To find the IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
Which of the following are common characteristics of multinational enterprises (MNEs)? Check all that apply. Operations in a source country and only one host country Research and development in host countries Multinational stocks and management Fostered transfer of technology Company headquarters that are distant from the country where production occurs Low ratio of foreign sales to total sales
Answer:
I. Research and development in host countries.
II. Multinational stocks and management.
III. Fostered transfer of technology.
IV. Company headquarters that are distant from the country where production occurs.
Explanation:
A multinational enterprise (MNE) can be defined as any business firm that engages in the production of goods and services in two or more countries.
Generally, a multinational enterprise (MNE) has subsidiaries in other countries and as such derives a high amount of revenue outside its home country by providing goods and services that meets the need of customers through the use of advanced technology.
For a multinational enterprise (MNE), they have a central corporate facility but their products are not coordinated because their respective foreign markets offer unique products and services.
Some examples of a multinational enterprise (MNE) are Amazon, BNP Paribas, Alcatel-Lucent, Apple, Chevron, Casio, Disney, etc.
Some common characteristics of multinational enterprises (MNEs) include the following;
I. They carry out research and development in host countries.
II. MNEs engage in the sales of multinational stocks and management.
III. They facilitate or foster the transfer of technology between countries.
IV. The company headquarters of MNEs are usually distant from the country where production occurs.
Although ZipCar has some routine operating tasks, its rules and regulations are, for the most part, not strict. ZipCar's decision making does not follow a strict chain of command, and first-line customer service agents have the authority to make decisions without management approval. This information primarily indicates that ZipCar lacks ________. a organizational culture b cross-functional teams c bureaucratic characteristics d cost controls e strategic alliances
Answer: bureaucratic characteristics
Explanation:
From the information given, we can say that ZipCar lacks bureaucratic characteristics. A bureaucratic organization is an organization with several layers of systems and processes and this brings about complexity and delay in decision making as it is hierarchical.
Since ZipCar's decision making does not follow a strict chain of command, and the first-line customer service agents have the authority to make decisions without management approval, this shows that the organization lacks bureaucratic characteristics.
19. Big Company is preparing a cash budget for the month of April. The following information is available: Cash Balance, March 31, 2020 $11,000 Cash collections from customers in April 43,000 Cash paid for land in April 10,000 Patent amortization expense in April 5,000 Cash paid for merchandise in April 20,000 Cash paid for operating expenses in April 20,000 Cash dividend paid in April 5,000 The minimum cash balance desired is $10,000. What is the deficiency of cash before financing at April 30, 2020
Answer:
Cash Deficiency = - $11000
Explanation:
To calculate the deficiency of cash at the end of April, we must first calculate the Cash receipts for the month of April and add them to the available cash balance at start of the month and then deduct the cash payments for the month. In this way we can calculate the ending balance for April. Later we can calculate the cash deficiency at the end of April by comparing the actual cash balance at the end of April with the desired cash balance,
Ending Balance = Opening Cash Balance + Cash Receipts - Cash Payments
Ending Balance - April= 11000 + 43000 - [10000 + 20000 + 20000 + 5000]
Ending Balance = - $1000
The Cash Deficiency before finance is,
Cash Deficiency = Actual Balance - Desired Balance
Cash Deficiency = -1000 - 10000
Cash Deficiency = - $11000
It is important to remember that when calculating the ending cash balance, we will not consider Patent amortization expense as it is a non cash expense.
Gourmet Aroma Coffee House has an exclusive contract with Columbia exporters. Two brands of gourmet coffee are imported, Morning Thunder (MT) and Evening Tender (ET). The following data are provided for the current fiscal year: Budgeted Operating Results MT ET MT ET Price per pound $ 40 $ 60 $ 50 $ 56 Variable cost per pound 20 36 24 40 Sales (in pounds) 4,000 4,000 3,960 5,040 The total market was estimated to be 80,000 pounds at the time of budget. The actual total market for the year is 75,000 pounds. What is the total contribution margin sales volume variance
Answer:
$24,160 favorable
Explanation:
The computation of the total contribution margin sales volume variance is given below:
The Budgeted contribution margin per pound of MT is
= $40 - $20
= $20 per pound
Now the budgeted contribution margin per pound of ET is
= $60 - $30
= $24 per pound
MT's contribution margin sales volume variance is
= (Actual sales quantity - Budgeted sales quantity) × Budgeted contribution margin per pound
= (3960 - 4000) × $20
= $800 Unfavorable
ET's contribution margin sales volume variance is
= (Actual sales quantity - Budgeted sales quantity) × Budgeted contribution margin per pound
= (5,040 - 4000) × $24
= $24,960 favorable
Now the total contribution margin sales volume is
= $800 unfavorable + $24,960 favorable
= $24,160 favorable
when completing the FAFSA, the student is given an EFC number. what does the EFC mean?
Answer:expected family contribution
Explanation:
45.18
What gives the US government the power to collect taxes?
o the Constitution
O laws passed by Congress
O an executive order
common law
Mark this and return
Save and Exit
Next
Submit
What gives the US government the right to collect taxes?
Determine the future value if $5,000 is invested in each of the following situations: 7 percent for seven years
Which examples demonstrate common qualifications for Quality Assurance careers? Check all that apply.
Claudia designs images and writes text for a product advertisement.
Harrison stands for long periods while checking the quality of a factory’s manufacturing process.
Mercedes inspects products on an assembly line to make sure they meet the company’s standards.
Lyle convinces customers to purchase defective products for a discounted price.
Arturo performs laboratory tests to check for pollution in the area near a factory.
Simone weighs and measures products to make sure they are the right size.
Answer:
2, 3, 6
Explanation:
Answer:
2,3,6 just did it on edge
Explanation:
Select the examples that best demonstrate likely tasks for Health, Safety, and Environmental Management workers. Check all that apply.
Donovan inspects facilities, and enforces laws and regulations.
April drives a train safely and carefully.
Chuck collects samples of materials for analysis.
Leif repairs broken equipment in a factory.
Elise takes orders, and sells products to customers.
Shayla teaches others how to use equipment safely
Answer:
It is Donovan, Chuck, and Shayla. Or 1, 3, and 6. Or A, C, and F.
Explanation:
I just did the instruction on edge. Good luck finishing this year up :)
Answer:
136 is correct!
Explanation:
credits to the other person
Suppose that low-skilled workers employed in clearing woodland can each clear one acre per month if each is equipped with a shovel, a machete, and a chainsaw. Clearing one acre brings in $1,000 in revenue. Each worker’s equipment costs the worker’s employer $150 per month to rent and each worker toils 40 hours per week for four weeks each month. a. What is the marginal revenue product of hiring one low-skilled worker to clear woodland for one month?
Answer: $1000
Explanation:
Marginal Revenue Product simply refers to the additional revenue that's gotten when one or more unit of input is used. It is the marginal revenue that us gotten as a result of additional resource.
From the question, we are informed that clearing one acre brings in $1,000 in revenue, therefore the marginal revenue product of hiring one low-skilled worker to clear woodland for one month is $1000