A monopsony hire one worker at a wage of $6, two workers at a wage of $7 each, (by adding one worker each will cause a one dollar increase to the wage). If the marginal revenue product for all workers is $17, asking how much will the wage to pay?

Which of the following is true in a theoretical perfectly competitive market?

market demand is perfectly inelastic

a firm's marginal revenue curve is equal to the market price

market demand in a perfectly elastic

an individual firm can obtain a higher price by reducing their level of output.

A Company’s balance sheet consists primarily of intangible assets causing the Company to have a negative tangible net worth. Revenue is stable and the Company had a net loss. Despite these factors, the Company’s net cash flow from operations has increased. Why?

As a result of the pandemic, several manufacturing organisation have had to cease operations. While operations have ceased, fixed costs (utilities, building rentals, wages, etc.) are still incurred. How can organization overcome these costs without revenue from sales?

Most random or trivial expenses are recorded in the miscellaneous expense account. At the end of the year the miscellaneous expense account has a total of RM1,400 and the total revenue of the company has a total of RM400,000. There is no need to reclassify the expenses in it. This is in line with the ______________ concept. *

a.accrual

b.comparability

c.materiality

d.neutrality

As a result of the pandemic, several manufacturing companies have had to cease operations. While operations have ceased, fixed costs (utilities, building rentals, wages, etc.) are still incurred. How can companies overcome these costs without revenue from sales?

Describe the following debt arrangements common to state and local governments and indicate if the debt is short-term or long-term:

1. Demand Bonds

2. Revenue Bonds

3. Conduit Debt

4. Bond anticipation Notes

5. Tax Anticipation Notes

The governing board develops the HCO’s long-range financial plan (LRFP) to specify and establish annual strategic guidelines (revenue, profit, costs, and capital expenditures). How do HCOs develop their long-range financial plan? Discuss basic LRFP principles.