A ________ is owned and managed by a group of individuals who share in decision-making and risk.

Jahwana works for a large corporation with a 401(k) retirement plan. The company matches dollar for dollar the first 5% of the e

Gre4nikov [31]

Answer:

$8,000

Explanation:

Jahwana earns $40,000:

her 401k contributions = 15% x $40,000 = $6,000

Jahwana's employer contributes $1 per $1 that she contributes but only up to 5%, so her employee's 401k contribution = 5% x $40,000 = $2,000

total annual contribution = $6,000 + $2,000 = $8,000

7 0

3 years ago

Read 2 more answers

Choose the only point on the graph that shows the equilibrium wage

a_sh-v [17]

We would need to see the graph, but the equilibrium point is where the wage paid is equal to the supply of workers. On a graph, this would be the point where the two lines intersect. That is the point where the supply of people willing to do the job at a certain rate, meets the company's demand for workers and the rate they are willing to pay.

4 0

3 years ago

The demand curve facing a monopolistic competitive firm will be __________ than the demand curve facing a perfectly competitive

Bad White [126]

Answer:

Downward sloping; more elastic

Explanation:

Demand curve is a curve that shows the relationship between price and quantity demanded.

The demand curve of a monopolistic competitor is DOWNWARD-SLOPING.

A monopolistic competitive firm can either raise price and lose few customers or reduce price and gain some more customers.

A monopolistic competitive firm

has a more ELASTIC demand.

Elasticity of demand is the degree of responsiveness of demand to a change in price, income and price of other commodities.

Perfectly Competitive market have the following characteristics;

1) Prices are determined by the forces of demand and supply.

2) They are price takers because a single firm can't control the market.

3) Easy entry and exit.

4) Many buyers and many sellers.

5) Identical product are sold

Monopolistic Competitive market have the following characteristics;

1) There are many buyers and many sellers.

2) Firms have market control.

3) Free entry.

4) Close substitute goods are sold.

4 0

3 years ago

Using the following information, estimate Rogue Outdoors annual or monthly market demand for adult hiking shoes: Number of 18-65

8_murik_8 [283]

Answer:

Rogue Outdoor’s break-even point in units and dollars is 720 units and $72,000 respectively.

Explanation:

In this question we use the formula of break-even point in the unit which is shown below:

= (Fixed expenses) ÷ (Contribution margin per unit)

where,

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $100 - $50

= $50

Now put these values to the above formula

So, the value would equal to

= $36,000 ÷ 50 per units

= 720 units

And, the formula of break-even point in dollars which is shown below:

= (Fixed expenses) ÷ (Contribution margin ratio)

where,

Contribution margin ratio = (Contribution margin ÷ selling price per unit) × 100

where, Contribution margin = Selling price per unit - Variable expense per unit )

= $100 - $50

= $50

So, the contribution margin ratio = 50%

Now put these values to the above formula

So, the value would equal to

= $36,000 ÷ 50%

= $72,000

4 0

3 years ago

If you are including a copy of your résumé with your cover letter, you should type _____ as the last word on your cover letter.

Fed [463]

P.S

Though including a P.S. on your cover letter may at first seem unprofessional, it actually stands for Post Script, and should be on the cover letter.

4 0

3 years ago