Answer:
-$210,000
Explanation:
Issued Common Stock at par for Cash $250,000
Less:
Declared and paid a cash dividend $20,000
Repayment of 6-year note payable $440,000
Net Cash provided by Financing Activities ($210,000)
Answer:
400,000
Explanation:
7% of what number = 28,000
(0.07)(X) = 28,000
X = 400,000
(which is less than 700,000. But that makes sense because not everyone living in Michael's city is necessarily part of the labor force. Some could be kids in school, others grandparents who have retired, others people who stay at home and don't work.)
Answer:
$10
Explanation:
By choosing option B, you have a 0.001 chance of winning $8000, and a 0.999 chance of winning the $2 consolation prize. Therefore, the expected value of option B is given by:
Rounding to the nearest cent, the expectation of option B is also $10.
Answer:
Returns to scale = 1.15
Increasing returns to scale.
Explanation:
Cobb-Douglas production function of the form:
Here, we are using a simple rule of factors to find the returns to scale:
Hence,
By adding up the powers of L and K, we can get the returns to scale.
Returns to scale = 1.15
Suppose, the power of L be 'a' and the power of K is 'b',
if a + b = 1, then it exhibits constant returns to scale
if a + b > 1, then it exhibits increasing returns to scale
if a + b < 1, then it exhibits decreasing returns to scale.
In our case,
a + b = 1.15 which is greater than 1, so this production function exhibits increasing returns to scale.