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Novay_Z [31]
2 years ago
12

A competitive car wash currently hires 4 workers, who together can wash 80 cars per day. The market price of car washes is $5 pe

r wash, and the price of workers is $60 per day. The car wash should hire a fifth worker if it would increase total production to at least:______
a. 92 cars per day.
b. 100 cars per day.
c. 104 cars per day.
d. 110 cars per day.
Business
1 answer:
DENIUS [597]2 years ago
7 0

Answer:

Number of car washed is 92

So option (a) is correct answer

Explanation:

It is given that 4 workers can wash 80 cars per day

Means initially 80 cars are washed per day

And it is given that rate of car wash is $5 per car

Now price of workers is $60 per day

As per car wash is $5

So number of extra car washed =\frac{60}{5}=12

So total number of car washed = 80 + 12 = 92 cars per day

So option (a) is correct answer

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Trell Corporation transferred $55,000 of accounts receivable to a local bank. The transfer was made without recourse. The local
e-lub [12.9K]
Answer:
Trell will show an amount receivable from factor equal to 20, 010 dollars.
Explanation:
NON recourse factoring is when a company sells it's invoices to a factor, without the promise that the company will buy back any uncollected invoices. The factor does not take the risk of any uncollected invoices.
So in this factoring arrangement no allowance for bad debt exist
6 0
2 years ago
When an organization’s internal environment no longer allows the organization to perform effectively, a manager might do which o
Drupady [299]

<u><em>Explanation</em></u>:

<u>Question 1.</u> These options apply;

  • Create a culture of innovation by inviting and expecting employees to contribute new ideas.
  • Hire people with new skills and perspectives and train current employees on new skills.
  • Restructure the organization to be more customer-centric and make work processes more efficient.

<u>Question 2.</u> These options apply;

  • Think about new possibilities for the organization.
  • Spend a good deal of time determining what the problem is and find out what caused it.
  • Create deadlines and checkpoints for solving the problem

<u>Question 3</u>

B. slow moving and stable

<u>Question 4</u>

D. incremental

<u>Question 5. </u>

D. made a proactive change

7 0
2 years ago
Alima has invested $50,000 in an S&amp;P 500 index ETF that charges a total expense ratio of 8 basis points per year. How much w
katrin [286]

Answer:

Alima will pay 40 dollars in management of her fund.

Explanation:

A basis point is equivalent of 1/100th of 1%  

an expense ratio of 8 baiss point will be equivalent to 0.08%

0.08/100 = 0.0008

The managenement will get this as expense ratio while invesotr will see their investment yield decreases for this amount.

On a yearly basis Alima will pay $50,000 x 0.0008 = 40 dollars

7 0
2 years ago
During 2009, Accent Toys Plc., which began business in October of that year, purchased 15,000 units of a toy at cost of $10 per
telo118 [61]

Answer:

$183,000

Explanation:

The computation of the cost of goods sold using the FIFO method is shown below:

= Number of units purchased × per unit + additional units purchased × per unit

= 15,000 units × $10 + 3,000 units × $11

= $150,000 + $33,000

= $183,000

Since there are 18,000 units are sold

out of which 15,000 are at $10 and the remaining 3,000 units are at $11 and the same is to be considered    

5 0
2 years ago
The revenues and expenses of Zenith Travel Service for the year ended August 31, 20Y4, follow:
Alisiya [41]

Answer:

Zenith Travel Service

Statement of Owner's Equity for the year ended August 31, 20Y4:

Capital as of September 1, 20Y3 = $456,000

Additional investment                          43,200

Retained Earnings                                 (8,400)

Drawings                                              (21,600)

Capital as of August 31, 20Y4        $469,200

Explanation:

a) Data and Calculations:

Additional investment = $43,200

Personal withdrawal = $21,600

Income Statement for the year ended August 31, 20Y4:

Fees earned                                  $899,600

Office expense            353,800

Miscellaneous expense 14,400

Wages expense          539,800     908,000

Net income/Retained earnings      ($8,400)

b) Zenith's statement of owner's equity is a financial statement that reports the changes in the equity section of Zenith's balance sheet during the year ended August 31, 20Y4. In other words, it reports the events that increased or decreased Megan Cox's equity over the course of the year from September 1, 20Y3 to August 31, 20Y4.

8 0
2 years ago
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