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Novay_Z [31]
3 years ago
14

Ernest is 42 years old and has been out of work for two months. he lost his position as a program manager when his company merge

d with another larger company. he made a great deal of money during his time as manager and saved quite a bit, so finances are not an immediate concern. he has not been actively looking for work, and he feels sluggish, sleeps much more than he did in the past, and spends most of his time watching tv.
Business
1 answer:
jok3333 [9.3K]3 years ago
3 0
<span>Ernest is experiencing the effects of loss of status following the termination.
Once he lost his job, where he was respected as a good worker, he lost that status as well. Now, he is unemployed, and even though he has enough money to sustain himself, he isn't considered part of the workforce anymore, which obviously depressed him a bit, even though he doesn't know it yet.</span>
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CVP analysis—what-if questions; sales mix issue Miller Metal Co. makes a single product that sells for $32 per unit. Variable co
Lilit [14]

Answer: See explanation

Explanation:

a. Calculate the number of units that must be sold each month for the firm to break even.

Breakeven units = Fixed cost / Contribution margin per unit

= $47600 / ($32 - $20.80)

= $47600 / $11.20

= 4250 units

b. Calculate the margin of safety and the margin of safety ratio.

Margin of safety = $418000 - ($32 × 4250)

= $418000 - $136000

= $282000

Margin of safety ratio = $282000/$418000 = 0.68

c. Calculate operating income if 7,000 units are sold in a month.

= [($32 - $20.80) × 7000] - $47600

= $78400 - $47600

= $30800

d. Calculate operating income if the selling price is raised to $47 per unit, advertising expenditures are increased by $8,000 per month, and monthly unit sales volume becomes 7,600 units.

Sales = 7600 × $47 = $357200

Less: Variable cost at $20.8 = $158080

Contribution = $199120

Less: Fixed cost = $47600

Less: Advertising expense = $8000

Operating income = $143520

3 0
2 years ago
The country of Lilliput has low unemployment and high consumer spending, and small businesses are thriving. However, prices are
cluponka [151]

Raise the income tax, which gives citizens less money to spend, and buy more services from civilian - owned businesses, which creates more jobs.

<u>Explanation:</u>

Expansion happens when an economy becomes because of expanded spending. At the point when this occurs, costs rise and the money inside the economy is worth short of what it was previously. The cash basically won't purchase as much as it would previously. At the point when a cash is worth less, its swapping scale debilitates when contrasted with different monetary standards.  

There are numerous strategies used to control swelling; some function admirably, while others may have harming impacts. For instance, controlling swelling through pay and value controls can cause a downturn and cause work misfortunes. One well known strategy for controlling swelling is through a contractionary financial arrangement.

The objective of a contractionary strategy is to lessen the cash supply inside an economy by diminishing security costs and expanding loan fees. This diminishes going through in light of the fact that when there is less cash to go around: the individuals who have cash need to keep it and spare it, rather than spending it. It additionally implies there is less accessible credit, which can diminish spending. Diminishing spending is significant during expansion since it helps stop monetary development and, thus, the pace of swelling.  

There are three fundamental instruments to complete a contractionary approach. The first is to build financing costs through the national bank. On account of the U.S., that is the Federal Reserve. The Fed Funds Rate is the rate at which banks acquire cash from the legislature, yet so as to bring in cash, they should loan it at higher rates.1

5 0
3 years ago
During January, Metro Co., which maintains a perpetual inventory system, recorded the following information pertaining to its in
kenny6666 [7]

Answer:

Inventory= $3,300

Explanation:

Giving the following information:

1/1: 1,000units at $1  

Purchased on 1/7: 600 units at $3

Sold on 1/20: 900 units

Purchased on 1/25: 400 units at $5

What amount should Metro report as inventory at January 31

Inventory= 1,100 units* [(5+3+1)/3]= $3,300

6 0
2 years ago
Charles is a stay-at-home parent who lives in New York City and teaches tennis lessons for extra cash. At a wage of $25 per hour
Margaret [11]

Answer:

2.75, elastic.

Explanation:

Measure labor supply elasticity of Individual T's as follows :

              \bf Elasticity=\frac{Percent \;change\;in\;labour\;hr}{\frac{Average\;labour\;hour}{\frac{Percent\;change\;in\;wage\;price}{Average\;wage\;price} } }

                                \bf =\frac{16-6}{\frac{16+6}{\frac{2}{\frac{35-25}{\frac{35+25}{2} } } } }

                                \bf=\frac{10}{\frac{11}{\frac{10}{30} } }

                                \bf=\frac{0.91}{0.33}

                                =2.75

Therefore, the elasticity of the labour supply of Individual T's is approx. of earnings per hour. <u>2.75</u>, meaning that the work supply of Person T's is <u>elastic</u> across this wage range

4 0
2 years ago
During the Great Depression, the excess reserve to deposit ratio rose for a variety of reasons. The impact on the money multipli
masya89 [10]

Answer:

The correct answer is True.

Explanation:

When banks hold a maximum percentage of bank deposits as treasure, the twine maker's audacity decreases. To see why this is so, let's first look at the recipe for the pasta divider.

The recipe for the money maker is :

Multiplier = 1 / list of required circumspection.

However, we should be aware that this assumes that banks will lend all deposits that they are not required to support as required treasury. In essence, the executor in this formula is really the percentage of deposits that is kept in the belt in opportunity to be borrowed. When the delicacy of riches increases, the factor in this recipe still increases. When this happens, the negotiator falls.

We can also see why the value of the creator of parné falls in a non-mathematical way. The number exists because banks lend string. If I deposit $ 1000, the jail could feed $ 100 as required treasure and lend the other $ 900 to someone else. When they grant this loan, the money offer has increased by $ 900 because my $ 1000 has become $ 1900. Now imagine that the belt has a treasury treat. Now I deposit $ 1000 but the side maintains $ 500. In this case, my $ 1000 romanza becomes $ 1500. Therefore, when the banks keep more money in the treasury, the decision of the twine executor decreases.

7 0
3 years ago
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