Quanttiy of labor total product of labor
0 0
1 3
2 10
3 16
4 21
5 25
6 28
1. debbie owns a bakery and can hire workers to produce cakes selling in a competitive output market at $10 each. the table shows the relationship between the number of workers and the number of cakes produced. if debbie must pay each worker a competitive market wage of $40 per day, how many workers will she hire to maximize profit?

a) three

b) four

c) five

d) six

Assume today is december 31, 2013. barrington industries expects that its 2014 after-tax operating income [ebit(1 – t)] will be $400 million and its 2014 depreciation expense will be $70 million. barrington's 2014 gross capital expenditures are expected to be $120 million and the change in its net operating working capital for 2014 will be $25 million. the firm's free cash flow is expected to grow at a constant rate of 4.5% annually. assume that its free cash flow occurs at the end of each year. the firm's weighted average cost of capital is 8.6%; the market value of the company's debt is $2.15 billion; and the company has 180 million shares of common stock outstanding. the firm has no preferred stock on its balance sheet and has no plans to use it for future capital budgeting projects. using the corporate valuation model, what should be the company's stock price today (december 31, 2013)? round your answer to the nearest cent. do not round intermediate calculations.

Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii

Retail industry fundamentals credential exam,part 1 all answers