Firm XYZ sells calculators. It operates in a plant worth $1,500,000 and maintains production equipment worth $4,000,000. Currently, it has 175,000 calculators in reserved inventory that it plans to sell next month to retail stores for $60 each. Its board of directors has $1.37 million in government bonds and $125,000 in savings for use as payroll and emergency funds. In addition, XYZ employs several workers whose collective worth in terms of skill and knowledge is equal to $290,000. The capital stock of firm XYZ is $ ☐. (Enter your response rounded to the nearest dollar.)
Firm XYZ sells calculators. It operates in a plant worth $1,500,000 and maintains production equipment worth $4,000,000. Currently, it has 175,000 calculators in reserved inventory that it plans to sell next month to retail stores for $60 each. Its board of directors has $1.37 million in government bonds and $125,000 in savings for use as payroll and emergency funds. In addition, XYZ employs several workers whose collective worth in terms of skill and knowledge is equal to $290,000. The capital stock of firm XYZ is $ ☐. (Enter your response rounded to the nearest dollar.)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Firm XYZ sells calculators. It operates in a plant worth $1500000 and maintains production equipment worth $4000000. Currently, it has 175000 calculators in reserved inventory that it plans to sell next month to retail stores for $60 each. Its board of directors has $1.37 million in government bonds and $125000 in savings for use as payroll and emergency funds. In addition, XYZ employs several workers whose collective worth in terms of skill and knowledge is equal to $290000. The capital stock of firm XYZ is $ . (Enter your response rounded to the nearest dollar.)
Transcribed Image Text:Firm XYZ sells calculators. It operates in a plant worth $1,500,000 and maintains
production equipment worth $4,000,000. Currently, it has 175,000 calculators in reserved
inventory that it plans to sell next month to retail stores for $60 each. Its board of
directors has $1.37 million in government bonds and $125,000 in savings for use as
payroll and emergency funds. In addition, XYZ employs several workers whose
collective worth in terms of skill and knowledge is equal to $290,000.
The capital stock of firm XYZ is $ ☐. (Enter your response rounded to the nearest
dollar.)
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