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2 years ago

A recent income statement of McClennon Corporation reported the following data:

Business

1 answer:

arsen [322]2 years ago

7 0

Answer:

The correct answer is option b.

Explanation:

The number of units of output sold is 8,000 .

The sales revenue is $9,600,000 .

The variable costs are $6,000,000 .

The fixed costs are $2,600,000.

The price of the product

= $\frac{Sales\ Revenue}{Q}$

= $\frac{9,600,000}{8,000}$

= $1,200

The average variable cost is

= $\frac{TVC}{Q}$

= $\frac{6,000,000}{8,000}$

= $750

Profit = TR - TC

Profit = $Price\ \times\ Q - (AVC\ \times\ Q )\ +\ TFC)$

$1,270,000 = $1,200Q - $750Q - $2,600,000

$3,870,000 = $450Q

Q = $\frac{3,870,000}{450}$

Q = 8,600 units

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Draw a labor supply curve and a labor demand curve. Label them LS0 and LD0. Draw a point the equilibrium quantity of labor and t

Kaylis [27]

Answer:

employment increases and a given amount of employment produced more real GDP.

Explanation:

Labor productivity is the measurement of the hourly output of a country's economy. This tells us the amount of GDP that is produced by an hour of labor. On the other hand, GDP (Gross Domestic Product) is the monetary value of all goods and services within a country in a specific period of time. Therefore, when we have an increase in labor productivity, we also have an increase in potential GDP because employment increases and a given amount of employment produces more real GDP.

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2 years ago

On January 1, 2017, MM Co. borrows $350,000 cash from a bank and in return signs an 4% installment note for five annual payments

frez [133]

Answer:

a. Journal entry to record the issue of notes

Date Account Title & Explanation Debit $ Credit $

Jan 1 Cash 350,000

Notes Payable 350,000

(To record the issue of notes payable)

b. Calculation of Interest Expenses

Particulars Amount $

Beginning balance of loan payment 350,000

Annual interest rate 4%

Interest expenses 14,000

Hence the interest expenses = $14,000

Principal amount is calculated as the difference between the annual payment and the interest expenses as seen below

Particulars Amount $

Annual payment 96,590

Less: Interest expenses 14,000

Principal Payment 82,590

Hence, the principal payment =$82,590

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2 years ago

First National Bank charges 13.1 percent compounded monthly on its business loans. First United Bank charges 13.4 percent compou

FinnZ [79.3K]

Answer:

EAR for First national Bank = 13.92 %

EAR for First United Bank = 13.85 %

Explanation:

given data

First National Bank charges = 13.1 percent

compounded monthly , 1 year = 12 month

First United Bank charges = 13.4 percent

compounded semiannually , 1 year = 2 semiannually

solution

we get here first EAR for First national Bank that is express as

EAR for First national Bank = $(1+ \frac{r}{n} )^n - 1$ .....................1

here r is rate and n is month

so put here value

EAR for First national Bank = $(1+ \frac{0.131}{12} )^{12} - 1$

EAR for First national Bank = 13.92 %

and

EAR for First United Bank is

EAR for First United Bank = $(1+ \frac{r}{n} )^n - 1$ ..................2

here r is rate and n is semi annually

EAR for First United Bank = $(1+ \frac{0.134}{2} )^2 - 1$

EAR for First United Bank = 13.85 %

here First United bank EAR is less

5 0

2 years ago

You must make a payment of $1,432.02 in 10 years. To get the money for this payment, you will make five equal deposits, beginnin

ICE Princess25 [194]

Answer:

Deposit= $94.19

Explanation:

Giving the following information:

You must make a payment of $1,432.02 in 10 years. To get the money for this payment, you will make five equal deposits, beginning today and for the following 4 quarters, in a bank that pays a nominal interest rate of 12% with quarterly compounding.

First, we need to calculate the present value one year from today of $1,432.02.

We need to use the following formula:

PV= FV/(1+i)^n

n= 9*4= 36

i= 0.12/4= 0.03

PV= 1,432.02/ 1.03^36= 494.09

T<u>his is the monetary value we need to generate one year from today to achieve $1,432.02 ten years from now.</u>

<u />

We will use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

i= 0.12/5= 0.024

A= (494.09*0.024) / [(1.024^5)-1]

A= $94.19

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2 years ago

Lexie, a marketing manager, regularly interviews candidates for her team. Because Lexie is a people person and her department is

atroni [7]

Answer:

c. The wide latitude of these nondirective interviews can result in low reliability and often poor validity.

Explanation:

Lexie likes to do interviews, to candidates who apply for a job at her company, with indirect questions. She starts the interview, asking the candidate to talk about himself.

This question can be a bit of a question to ask in a job interview. This is because there is a huge range of possible answers for this, and the result can be generic or fanciful responses that do not reveal real things about the candidate, in addition to not showing how efficient he would be for the company.

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2 years ago