The marginal cost of the new worker hired to sell spring break vacation packages is $200 per day.
What is a marginal cost?The marginal cost in economics is the change in total production cost that results from making or producing one additional unit. Divide the change in production costs by the change in quantity to calculate marginal cost.
The marginal cost of the new worker per day is calculated as:-
Each worker is paid $100 per day
An experienced worker sells 5 packages per day
Total cost for an experienced worker = $100× 5 = $500
Newly hired worker sells 3 packages per day
Total cost for a new worker = $100× 3 = $300
∴ The marginal cost of the new worker per day = Total cost of a experienced worker - Total cost of a new worker = $(500-300) = $200.
Therefore, $200 is the marginal cost of the new worker per day.
To learn more about the marginal cost, click here:
https://brainly.com/question/28932883
#SPJ1
Which leadership skill do you feel is most important for a small business to succeed for a
long time? Explain your answer using examples. It's depends on the business that they are doing because they all have strengths and weakness.
On December 16, Carboy, Incorporated, borrows $120,000 cash from Third National Bank at 9 percent annual interest. The note is due in 45 days. At December 31, Carboy records any unpaid interest with an adjusting entry. On January 30 of the next year, Carboy pays the principal and interest owed on the bank note.
Since there is an interest due of 450, interest payable becomes debit as the payment is done. The same as for notes payable. Carboy records an adjusting entry at December 31, 2019.
Journal EntryInterest Expense (Debit) 450 (Note - 1)
Interest Payable (Credit) 450
Note - 1: Borrowing - $120,000; Interest Rate = 9%; Maturity date = 45 days.
(Assuming 360 days = 1 year).
Therefore, interest expense = ($120,000*0.09)*(15/360) = $450.
Since the maturity date is 45 days, from December 16 to December 31, it should be 15 days. And the maturity date should be January 30, 2020.
The journal entry to record the interest plus principal paid -
Date Particulars Debit Credit
Jan-30, 2020 Interest Expense 900
Interest payable 450
Notes Payable 120,000
Cash 121,350
The interest expense for this month to be payable = $(120,000*0.09)/12 = $900.
To learn more about interest expense visit the link
https://brainly.com/question/14185533
#SPJ4
Which of the following is a disadvantage to Linux?
Olearning curve
O customizability
O cost
Ofreedom
Answer:
Learning curve
Explanation:
When the price of corn rises from $4/bu. to $6/bu., the quantity demanded falls from 120 bu. to 80 bu. The own-price elasticity of corn is and the demand for corn is -5; elastic 2; elastic O-1; unitar
To calculate the own-price elasticity of corn, we can use the formula:
Own-price elasticity of demand = (Percentage change in quantity demanded) / (Percentage change in price)
First, let's calculate the percentage change in quantity demanded:
Percentage change in quantity demanded = ((New quantity demanded - Initial quantity demanded) / Initial quantity demanded) * 100
Percentage change in quantity demanded = ((80 - 120) / 120) * 100 = (-40 / 120) * 100 = -33.33%
Next, let's calculate the percentage change in price:
Percentage change in price = ((New price - Initial price) / Initial price) * 100
Percentage change in price = ((6 - 4) / 4) * 100 = (2 / 4) * 100 = 50%
Now, let's plug these values into the formula to find the own-price elasticity of demand:
Own-price elasticity of demand = (-33.33% / 50%) = -0.67
Based on the calculation, the own-price elasticity of corn is -0.67. The negative sign indicates that corn has an elastic demand, meaning that a percentage increase in price will lead to a larger percentage decrease in quantity demanded.
To know more about elastic demand visit:
https://brainly.com/question/30704413
#SPJ11
Cassidy loves history even now in high school. Becoming a professor at a university is an example of a short-term goal for Cassidy.
true
false
The statement cassidy loves history even now in high school. Becoming a professor at a university is an example of a short-term goal for Cassidy is true because to become a college professor, years of hard work and perseverance are required.
A three-year or four-year bachelor's degree, a two-year master's degree, and passing state or national-level competitive tests are required for a full-time career as a professor. Professors are experts in a wide range of academic subjects and fields, and they typically do research in their areas of expertise.
Candidates for Professor must have a PhD in a related subject from a recognized university. Professors frequently pick their profession because they enjoy teaching and want to share their knowledge with others. They have the potential to make a difference in the lives of young people through their teaching.
To learn more about professor, click here.
https://brainly.com/question/13275958
#SPJ1
a disadvantage of the corporate form of organization is that corporate stockholders are more exposed to personal liabilities in the event of bankruptcy than are investors in a typical partnership. group of answer choices true false
The statement "a disadvantage of the corporate form of organization is that corporate stockholders are more exposed to personal liabilities in the event of bankruptcy than are investors in a typical partnership." is false. It is because the corporation is make an easier for the firm to raise capital.
In the term of economic and business, A corporation generally can be defined as a business entity that is owned by its shareholder. The director of corporation is elected by shareholder to oversee the organization's activities. The corporation has an advantage where make an easier for the firm to raise capital. The corporation's stockholders are not subject to personal liabilities if the firm goes bankrupt and also because it is easier to transfer shares of stock than partnership interests.
Here you can learn more about corporation https://brainly.com/question/29098875
#SPJ4
Think about where you will be in your career and your life five years into the future. Create a list of the jobs that you think you will have, the additional skills you might develop, and the further education you will pursue. Using this list, prepare a résumé for yourself that reflects where you believe you will be in five years. Once you have prepared the résumé, share it with someone in your family or with a close friend. Ask them for their insight as to whether the résumé is an accurate portrayal of where they think you will be in five years. If their opinion is different from yours, can you determine why? How might this information factor into your present and future career decision-making?
Explanation:
It is essential that when choosing the business administration course there is a directing of the student to one of the multiple administrative areas in which a career can be built.
Assuming that there is an interest in building a career with a focus on entrepreneurship in the market, it is necessary that there are significant skills for entrepreneurs, that is, communication skills, flexibility, and conceptual skills, which allow the administrator a broad view of the business, coordinating and controlling its resources to position itself favorably in the competitive market.
If your focus is to open a new business, it is necessary that you evaluate your profile, considering that this is an activity that requires resilience, organization, a lot of study and determination. When preparing your resume and asking for the opinion of people close to you, analyze if the characteristics of an entrepreneur will match yours, and adjust to develop them if necessary, seek support material, such as great scholars, scientific articles, try to observe the business scenario, and dedicate yourself to making your business prosper.
Thomas has a loan with a nominal interest rate of 6. 4624% and an effective interest rate of 6. 4715%. Which of the following must be true? I. The loan has a duration greater than one year. II. The interest on Thomas’s loan is compounded more than once yearly. III. The economy was strong when Thomas took out the loan. A. I and II b. II only c. I and III d. III only.
The effective interest rate has been higher than the nominal interest rate because compounding is performed more than once yearly. Hence, statement II is true. Thus, option B is correct.
The nominal interest rate has been the percentage interest paid by the borrower to the principal amount before inflation. The effective interest rate has been the actual return or the rate at the time of compounding the amount of the loan.
Effective interest rateThomas has an effective interest rate of 6.4715%, while the nominal interest rate has been 6.4624%. The effective interest rate has been higher than the nominal interest rate for Thomas.
This has been accomplished when the interest has been paid frequently or semi quarterly, resulting in the compounding more than once yearly. Hence, statement II is true. Thus, option B is correct.
For more information about effective interest rate, refer to the link:
https://brainly.com/question/14270693
Answer:B
II only
Explanation:
real
The production era marked a time when companies were able to increase their profits because they were able to decrease their production costs.
True
False
Answer:
true
Explanation:
it was the time of the production line making it easy to make expensive things with people that are lower skilled and cheaper overall
Answer:
True
Explanation:
have a good day
Mario is a skilled jet flyer that was recently hired by Meagan who is starting an airline business that allows travelers to travel to small cities at half the price of Delta Airlines flights. Which factor of production is Mario?
A . Entrepreneurship
B . Labor
C . Capital
D . Land
Answer:
B . Labor
Explanation:
Labor refers to human efforts or contribution to the production process. Human beings provide skills, knowledge, experience, energy, and time in making products or in the provisions of services. Human beings are compensated with salaries, wages, and other benefits in exchange for labor.
Marion will be employed as a pilot. Meagan requires the skills of a person to offer services to customers. Mario will be providing labor services.
Which of these factors is an advantage to using cash?
Answer:
B no fees or charges
Explanation:
Your welcome
Answer:
B.no fees or changes this is the right one
What information does a lead contain in a news story?
Answer:
1st one
Explanation:
a manufacturer produces cell phones. she estimates that by selling them for x dollars each, she will be able to sell 240−2x each week. step 2 of 2 : determine what the maximum revenue will be.
Answer:
$7200
Explanation:
Let y be the number of phones sold, and x the price per phone. The revenue, R, would be the product of phones sold and their price:
R = y*x
We know that y = 240-2x.
The total revenue would be:
x*y or x*(240-2x)
Revenue(R) = 240x - 2x^2
We want to find the maximum of this function. This can be done with one of two methods: graphing and Differentiating. Both are described:
Graphing
Plot R = 240x - 2x^2 and look for the vertex. See the attached plot. The vertex is at (60, 7200), which means that a price of 60/phone would result in the maximum revenue of $7200.
Differentiate
The second approach is to differentiate the equation and set it equal to 0. Differentiation allows one to determine the slope of the function at any point x. When this function reaches its maximum, the slope goes from positive (going up) to negative (going back down). At the very top the slope is 0 for a value of x. Solving the differentiated equation for x will reveal the maximum point:
R = 240x - 2x^2
dR/dx = 240 - 4x
0 = 240 - 4x [slope of 0 at the maximum]
4x = 240
x = $60/phone, as before
From y = 240−2x we can find the total units sold at $60/phone
y = 240 - 2(60)
y = 120 phones sold
Total revenue at maximum would therefore be:
R = x*y
R = ($60/phone)*(120 phones) = $7200
PLZ HELP EXTRA POINTS!!!
Without freedom of expression ____.
A. Congress would have too much power
B. democracy could not exist
C. all kinds of unpopular ideas would become popular
D. the result would be a utopia
Answer:
A. Congress would have too much power
Explanation: I hope this helps :)
Andy has two nephews and three nieces. He wants to give each of them the maximum gift he can disburse without having to file a gift tax return. What is the total aggregate amount that Andy can give his two nephews and three nieces in 2021?
The total aggregate amount that Andy can give his two nephews and three nieces in 2021 is $75,000.
What is a gift in tax?Inn tax, a a gift means a transfer of property for an amount lesser than its full value.
Usually, individual are allowed to allow a transfer of $15,000 per gift recipient.
Aggregrate amount = $15,000 * 5 (2 nephew+ 3 niece)
Aggregrate amount = $75,000
In conclusion, the total aggregate amount that Andy can give his two nephews and three nieces in 2021 is $75,000.
Read more about gift in tax return
brainly.com/question/7215286
stephanie has been driving for 4 years without any major auto accidents until today
Which is not the cost of rising unemployment in an economy?
a)Lower Tax Revenues (Government collects less taxes)
b)Higher Benefits Payments
c)Crime, Vandalism, Family Breakdowns, Social Welfare, and Regional Decay in the Society
d)Opportunity Cost of Lost Potential Output
e)Flourishing Economy
Answer:
e)Flourishing Economy
Explanation:
Unemployment is a scenario where members of the adult population seek job opportunities but cannot get any. Therefore, an unemployed person is a jobless adult who is actively seeking employment.
Unemployed people have no income, which means they do not pay taxes. They may resort to crime to support themselves. Jobless people usually claim unemployment benefits, which is a burden to the government. A jobless person is mostly idle, which is a waste of skill, time, and knowledge.
Unemployment has adverse effects on the economy. It does not support the growth or flourishing of economic activities.
when a venture capitalist offers an entrepreneur $100,000 for shares representing 20% of a company, it is a form of:
When a venture capitalist offers an entrepreneur $100,000 for shares representing 20% of a company, it is a form of equity financing.
Equity financing describes the process by which businesses raise money by selling shares to investors.
The fact that the money obtained by the business doesn't have to be repaid is a benefit of equity financing. The raised monies are not refunded to shareholders if the business fails.
The firm must grant them a portion of the company's ownership—which may also include some decision-making authority—in return for this advantage. Out of its earnings after taxes, the company also distributes a portion of its profits to its equity investors (EAT).
Almost usually, some form of debt financing serves as a balance to equity funding. Debt financing is less expensive and gives the business more control.
Know more about equity financing here:
https://brainly.com/question/27992391
#SPJ4
Auto manufacturers are currently offering flex-fuel vehicles that are designed to run on ethanol gasoline mixtures. An economist recently analyzed the cost versus value consideration of these vehicles and found that the market is currently buying approximately the socially efficient amount of flex fuel vehicles. Under lobbying pressure from the car manufacturers and environmental groups, the federal government is considering a $3,000 subsidy paid per flex fuel vehicle sold. If this subsidy goes through, what would be the most likely impact on market efficiency?.
Due to the federal government's per-flex fuel vehicle sales subsidy. If this subsidy goes through, Efficiency decreases would be the most likely impact on market efficiency.
Subsidies and government incentives are both forms of financial assistance or support given to an economic sector (company or individual) typically with the goal of advancing economic and social policies. The phrase "subsidy" can refer to any form of support, including implicit subsidies from NGOs or other sources that are not often associated with the government. There are several types of subsidy, including direct (cash gifts, interest-free loans), indirect, and mixed forms (tax breaks, insurance, low-interest loans). In addition, they might be broad or specific, legal or unlawful, and ethical or immoral.
Learn more about Subsidy here:
https://brainly.com/question/17136613
#SPJ4
In his speech on how to raise money for a student organization on KU’s campus, Jon continues to refer to "Wescoe Beach" as a great place to set up a donations table. His audience is all first-semester freshmen on campus and think he is referring to a beach with water and sand. A potential reason for this miscommunication is because Jon is using:
A. Clichés
B. Jargon
C. Denotative meaning
D. Sexist language
The potential reason why there is a miscommunication between Jon and his audience is that Jon is using jargon. Jargon is a set of words or phrases that are understood by a specific group of people who share the same profession or interest.
It is often used in particular industries, professions, and cultures to communicate ideas quickly and efficiently.
The context of this scenario is that Jon is giving a speech on how to raise money for a student organization on KU's campus, where his audience is all first-semester freshmen on campus, and Jon is referring to "Wescoe Beach" as a great place to set up a donations table.
The problem is that his audience thinks he is referring to a beach with water and sand. This miscommunication could be due to the fact that Jon is using jargon, which is not familiar to his audience. The correct option is B. Jargon.
To more about potential visit:
https://brainly.com/question/28300184
#SPJ11
Suppose that in a particular market, the supply curve is highly elastic and the demand curve is highly inelastic. If a tax is imposed in this market, then the.
HAS ANYONE TAKEN THE 2020 ALGEBRA 1 EOC IN FLORIDA THIS YEAR?? IF U HAVE PLZ TELL ME WHAT QUESTIONS THEY ASKED U
Answer:
They just ask you what you have learned in your previous math courses.
Explanation:
A selection method that consistently leads all managers to hire employees who then fail is:
a. reliable and valid.
b. reliable but invalid.
c. unreliable but valid.
d. unreliable and invalid.
The correct answer is (d) unreliable and invalid. A selection method that consistently leads all managers to hire employees who then fail is both unreliable and invalid.
It is unreliable because it is not consistent in selecting employees who will perform well on the job. It is invalid because it is not measuring what it is intended to measure, which is job performance.
A reliable selection method is one that produces consistent results, regardless of who is administering the method. A valid selection method is one that measures what it is intended to measure and is predictive of job performance. A reliable and valid selection method is ideal, as it consistently identifies employees who will perform well on the job. However, a method that consistently selects employees who fail is of no use to the organization and should be avoided.
Learn more about selection method here:
brainly.com/question/14413252
#SPJ11
an inferior good is one that: select one: a. no consumers are willing to buy. b. gets poor reviews from objective, independent evaluators. c. is of low quality or not very durable. d. experiences decreased demand when income increases.
Option d: An inferior good is one that experiences decreased demand when income increases.
Inferior goods are goods that have a negative relationship with income. This means that as income increases, demand decreases and vice versa.
Unlike ordinary goods, it can be said to have a negative income elasticity. As consumer incomes fall, demand increases as inferior goods become affordable alternatives.
A basic example of adulteration is public transport. When consumers have low incomes, they commute by public transport, buses, trains, etc. When incomes increase, they prefer to drive their own cars instead.
To learn more about inferior goods, here:
https://brainly.com/question/14717185
#SPJ4
1
Problem 8-1 Stock Values [LO1]
The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.60 per share on its stock. The dividends are expected to grow at a constant rate of 6 percent per year indefinitely. Investors require a return of 10 percent on the company's stock. a. What is the current stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. What will the stock price be in 3 years? (Do not round intermediate calculations and
round your answer to 2 decimal places, e.g., 32.16.) c. What will the stock price be in 12 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer is not complete.
a.Current price $ 42.40
b.Stock price in 3 years
c.Stock price in 12 years
The current stock price is $42.40 to find the current stock price, we can use the dividend discount model (DDM).
The formula for the DDM is P = D / (r - g), where P is the stock price, D is the dividend per share, r is the required return, and g is the growth rate of dividends.
Plugging in the values given in the problem (D = $1.60, r = 0.10, g = 0.06), we get P = $1.60 / (0.10 - 0.06) = $42.40.
b. The stock price in 3 years is not provided.
c. The stock price in 12 years is not provided.
The problem does not provide the necessary information to calculate the stock price in 3 years or 12 years. The stock price would depend on the future dividends and the growth rate, which are not given.
Learn more about stock here:
https://brainly.com/question/31940696
#SPJ11
If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
When calculating the profit impact of discontinuing a segment, consider Blank______. Multiple select question. the segment's contribution margin the segment's traceable fixed costs common costs allocated to the segment
When calculating the profit impact of discontinuing a segment, you should consider the following factors:
1. The segment's contribution margin: This represents the revenue generated by the segment minus its variable costs. It helps determine the segment's profitability and the impact on overall profits if the segment is discontinued.
2. The segment's traceable fixed costs: These are the fixed costs that can be directly attributed to the segment. If the segment is discontinued, these costs will no longer be incurred and will affect the overall profitability.
3. Common costs allocated to the segment: Common costs are shared among multiple segments or departments. When discontinuing a segment, it's important to consider any common costs that were allocated to the segment. If the segment is no longer there, the allocation of these costs may need to be adjusted, which can impact overall profitability.
Therefore, all of the options provided should be considered when calculating the profit impact of discontinuing a segment: the segment's contribution margin, the segment's traceable fixed costs, and common costs allocated to the segment.
To know more about traceable fixed costs, visit,
https://brainly.com/question/31272640
#SBJ11
In ascertaining whether a borrower has the ability to pay off his loan over time, a mortgage bank may rely on calculating a total debt ratio as part of its underwriting process. Using the following information, calculate the total debt ratio: monthly principal and interest on mortgage loan: $635; monthly tax and insurance payments into escrow: $125; monthly car lease payment (lease term is 3 years): $350; gross monthly income: $2,500. 25.4%
30.4%
44.4%
53.2%
If an ascertaining whether a borrower has the ability to pay off his loan over time. The total debt ratio is: C. 44.4%.
What is the total debt ratio?First step is to determine the borrower's total monthly debt payments
Total monthly debt payments = Monthly mortgage payment + Monthly tax and insurance payments + Monthly car lease payment
Total monthly debt payments = $635 + $125 + $350
Total monthly debt payments = $1,110
Now let find the total debt ratio
Total debt ratio = (Total monthly debt payments / Gross monthly income) * 100
Total debt ratio = ($1,110 / $2,500) * 100
Total debt ratio ≈ 44.4%
Therefore the correct option is C.
Learn more about total debt ratio here:https://brainly.com/question/21406342
#SPJ4
6. This paycheck method can have many fees associated with it (1 point)
Paper Paycheck
Direct Deposit
Payroll Card
Answer:
Paper Paycheck
Your friend is developing a marketing plan for her new business. What should she put in this plan?
My friend's marketing plan should be:
Where she wants to sell her product.Description of the people in her target market.What is marketing plan?These are plans a business devise to sell or advertise its products. The purpose of the plan is to help identify the target market and how best to reach them.
Hence, she should put in these her plan; where she wants to sell her product and a description of the people in her target market.
Learn more about marketing plan here: https://brainly.com/question/9027729
#SPJ1