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Anit [1.1K]
1 year ago
13

Suppose the marginal benefit the owner of a cherry orchard derives from hiring Lauren to pick cherries is $8 per hour. If the wa

ge rate that Lauren earns is $7 per hour, then the orchard owner's surplus from Lauren's labor is ________ per hour.
Business
1 answer:
Sever21 [200]1 year ago
7 0

Answer:

$1 per hour

Explanation:

Data provided in the question

Lauren pick cherries per hour for $8 per hour

And, the wage rate that Lauren earns is $7 per hour

So, the surplus made from Lauren's labor per hour is

= Lauren pick cherries per hour - Wage rate that Lauren earns

= $8 per hour - $7 per hour

= $1 per hour

Simply we deduct the wage rate from the cherries per hour so that the surplus per hour could come

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Brenda is the CEO of a large corporation. While presenting a proposal to a commercial bank for a corporate loan, she offered the
iren [92.7K]

Answer:

C) Brenda is not guilty of bribery.

Explanation:

Bribery can be defined as offering a payment (or paying) to a government official in exchange for a favorable treatment either regarding a personal or commercial issue. In this case, Brenda offered money to a person working in a private company, so she cannot be guilty of bribery.

3 0
1 year ago
The General Fund levies property taxes in the amount of $1,000,000 for calendar year 2019. It expects to collect $950,000 during
Musya8 [376]

Answer:

Under the accrual basis, it should recognize $1,000,000 as property tax revenue for the year 2019.  The remaining $45,000 that it does not collect in year 2019 will be accounted for as Property Tax Receivable while the $5,000 will be recorded as Uncollectible Expense in 2019.

Explanation:

The accrual concept or basis of accounting requires that all revenues and expenses relating to a fiscal year be recognized in that accounting year.  It is not only the actual cash receipts and payments that should be recognized.  This means that any revenue that is due but not yet received will be accounted for in the year that the revenue arises.  And all the related expenses for raising the revenue will also be accounted for in the same year.

8 0
2 years ago
For 2019, Bargain Basement Stores reported $11,500 of sales and $5,000 of operating costs (including depreciation). The company
Kamila [148]

Answer:

Economic Value Added (EVA) = $2,620

Explanation:

WACC = 11%

Capital = $20,500

Sales = $11,500

Operating cost = $5,000

Tax rate = 25%

EBIT = Sales - Operating cost

EBIT = $11,500 - $5,000

EBIT = $6,500

Economic Value Added (EVA) = EBIT (1 - T) - (WACC * Capital)

Economic Value Added (EVA) = 6,500*( 1 - 0.25) - (0.11 * $20,500)

Economic Value Added (EVA) = $4,875 - $2,255

Economic Value Added (EVA) = $2,620

5 0
1 year ago
You move 18% of your online checking account balance of $2,525 to your savings account. How much of your checking account did yo
dusya [7]

Answer:

$454.50

Explanation:

18% X $2525 = $454.5

8 0
2 years ago
Emily earns $786 per month plus a 3 1/4 % commission on sales. What were her total earnings last month when she has sales of $14
Brilliant_brown [7]

add the money together and then divide it by the fraction or percent

8 0
1 year ago
Read 2 more answers
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