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2 years ago

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At 47 units of labor, a firm finds that average product of labor equals 39.6 and marginal product of labor equals 32.9. we can c

onclude that the average product curve at 47 units of labor is:

1 answer:

SVEN [57.7K]2 years ago

8 0

Im not sure, sorry, I wish I could help

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Assume that Jackson is a price-taker and the current wholesale market price is $7.30 per can of paint. What is the target total

Mumz [18]

Answer:

Jackson's target total cost of producing and selling 6 million cans of paint of $31,800,000 will enable it to reach stockholders' profit goals of $6 million.

The implication is that it should not allow its total costs (Production and other business expenses) to exceed $37,800,000.

This is because its sales revenue will be equal to $43,800,000 (6,000,000 * $7.30).

As such, Jackson can produce a can of paint for $5.30. It can also incur an average business expense of $1.00 per can to maintain and reach its $6 million profit target.

Explanation:

Profit is the difference obtained after deducting all costs from the revenue. There are some profit stages. The first is the gross profit, which considers the sales revenue and the cost of goods sold. The next profit stage is the operating profit, which subtracts the business running expenses from the gross profit. There are also profits before and after interest and taxes. The after tax profit is also called the net income or net profit. If it is negative, then it is called the net loss. It is from the net income that distributions are made to stockholders in the form of dividends while a part is retained in the business to increase its capital stock or stockholders' equity.

8 0

2 years ago

Item32 time remaining 46 minutes 2 seconds 00:46:02 item 32 item 32 time remaining 46 minutes 2 seconds 00:46:02 during a recent

Ganezh [65]

The variable cost is calculated as -

Sales - Variable cost = Contribution Margin

Given, Contribution Margin = 25 %

Variable cost = 1 - Contribution Margin = 1 - 25 % = 75 %

25 % of Sales = Contribution Margin = $ 400,000

Sales = $ 400,000 ÷ 25 %

Sales = $ 1,600,000

Variable costs = 75% of Sales = 75 % × $ 1,600,000 = $ 1,200,000

7 0

2 years ago

Presented below are two independent situations: A) Sandhill Inc. acquired 10% of the 420,000 shares of common stock of Schuberge

Vilka [71]

Answer:

The journal entries for both corporations is prepared below

A)

Date: June 17

Accounts title and Explanations: Stock investment, dr. (420,000*$15*10%) 630,000

Accounts title and Explanations: Cash, Cr. 630,000

____________________________

Date: Sept 3.

Accounts title and Explanations: Cash, dr. (120,000*10%) 12,000

Accounts title and Explanations: Dividend revenue, Cr. 12,000

______________________________

Date: Dec 31.

Accounts title and Explanations: Stock investments, dr. (520,000*10%) 52,000

Accounts title and Explanations: Investment revenue, Cr. 52,000

____________________________

B)

Date: Jan 1

Accounts title and Explanations: Stock investment, dr. (120,000*$18*30%) 648,000

Accounts title and Explanations: Cash, Cr. 648,000

____________________________

Date: May 15

Accounts title and Explanations: Cash, dr. (120,000*30%) 36,000

Accounts title and Explanations: Dividend revenue, Cr. 36,000

______________________________

Date: Dec 31.

Accounts title and Explanations: Stock investments, dr. (220,000*30%) 66,000

Accounts title and Explanations: Investment revenue, Cr. 66,000

____________________________

7 0

2 years ago

Larry recently invested $24,400 (tax basis) in purchasing a limited partnership interest in which he will have no management rig

n200080 [17]

Answer:

$2,600.

Explanation:

Considering the available information given the in the question, we have:

Larry’s tax basis is $24,000

His at-risk amount is $24,000.

Consequently, the basis and at-risk hurdles are not considered.

On the other hand, given that Larry still may not deduct $2,600 of the $3,750 loss because he only has $2,600 of passive income for the year.

Hence, Larry has a $2,600 passive activity loss carryover.

Therefore, the Deductible Loss is $2,600.

8 0

2 years ago

A business consultant earns a flat fee for his work as well as an hourly fee. He charges his clients at a rate of $75 per hour.

Delicious77 [7]

Well...if he earns $75 an hour....and he worked for 20 hours...that's
75 * 20 which = 1500
Now it says he also earns a flat fee....since the question states he billed the client 1800...and he only earned 1500 of it...that must mean that his flat fee would be
1800 - 1500 = 300
So his flat fee is 300...and his variable charge...is 75x (75 dollars per hour)
in an equation...this would look like
C(x) = 75x + 300

4 0

2 years ago