Answer:
The answer is: their labor productivity is 4
Explanation:
Labor productivity is how much money an employee produces for his/her employer (in this case Ajax Carpet Cleaning) compared to what the employee earns for doing his/her job.
The formula for calculating labor productivity is:
labor productivity = Sales / Labor = $20 / $5 = 4
Answer: c.) hire less labor and rent more capital
Explanation:
To answer this we would need to find out the Marginal cost per dollar of producing with either form of production being labour or capital.
The Marginal Product of Labour is 20 units resulting from $4 dollars so that means that for every dollar spent on Labour we get,
= 20/4
= 5 units of output.
However, The Marginal Product of renting Capital is 30 units resulting from $5 dollars so that means that for every dollar spent on Capital we get,
= 30/5
= 6 units of output.
This means that renting Capital is more efficient because we get 1 more unit of output per dollar and so to minimize cost of production without changing the level of output, the firm should hire less labor and rent more capital.
Answer:
C. 2.24
Explanation:
The profit margin is the net income expressed as a percentage of sales therefore, we already got that metric in common-size
Now the net income is either distributed in dividends or accumulated in retained earnings account. In this case 5&% is retained while the other 44% distributed
We calculate the 44% of the 5.1% which is the net income to knwo the common size of the dividends related to sales:
5.1 x (1-0.56) = 5.1 x 0.44 = 2,244
thanks, buddy... I appreciate it...:)
Answer:
sole 40 .
Explanation:
on my test this the answer was sole acc
