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Andreyy89
4 years ago
12

McKinley, a large consulting firm in the UK, has a consulting staff consisting of 400 consultants at the rank of "associate." On

average, a consultant remains at the associate level for 2 years. After this time, 30% of the consultants are promoted to the rank of "engagement manager"; the other 70% have to leave the company. In order to maintain the consulting staff at an average level of 400 associates, how many new consultants does McKinley have to hire each year at the associate level?
a.300
b.200
c.400
d.100
Business
1 answer:
Lana71 [14]4 years ago
7 0

Answer:

The correct option is B,200 new consultants must be hired each year

Explanation:

Applying inventory formula that established relationship with  flow rate and flow time,the number of new recruits each year can be determined.

The formula states that : inventory (I)=flow rate(R)*flow time(T)

Inventory is quantity of flow units been managed by an organization at a particular point in time,in the case it is 400 employees.

In addition,flow rate is the quantity of flow units making its  way around the business at a particular time,that is unknown and expected to be determined.

Lastly,flow time  defines the time used by a flow unit in the business process given as two years in this scenario.

As a result,400=R*2years

R=400/2 years

R=200 employees

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Answer:

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d) The inventory reduction plan of the warehouse will be implemented nextweek

Explanation:

<u>Rewriting the sentences to eliminate the long strings of nouns </u>

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3.11yrs

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Oscar's store is open from 6am to 8pm daily. oscar contracts to purchase merchandise from consolidated enterprises and their del
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Fiscal Policy
cricket20 [7]

Based on the economic data given, and the fact that the government is running a deficit, the equilibrium GDP will be 336.67.

If government spending is cut to balance the budget, the new level of GDP will be 321.67.

The effect of balancing the budget will be a decrease in GDP and a slower recovery from the recesssion.

<h3>What is the equilibrium GDP?</h3>

This is given by the variable "Y" so we can find the equilibrium GDP by solving for it:
C = 50 + .7(Y – T)

Y = C + I + G - XN

C = Y - I - G + XN

Solving gives:

Y - I - G + XN =  50 + .7(Y – T)

Y - 40 - 35 + 10 = 50 + 0.7Y - 14

Y - 0.7Y = 50 + 40 + 35 - 10 - 14

0.3Y = 101

Y = 101/0.3

= 336.67

<h3>What is the new GDP if government spending is cut?</h3>

Government spending will have to be cut to a size that would make it equal to taxes so government spending becomes 20.

New GDP becomes:

= C + I + G - XN

= ( 50 + .7(Y – T)) + 40 + 20 - 10

= 271.67 + 40 + 20 - 10

= 321.67

Find out more on GDP at brainly.com/question/1384502.

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