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4 years ago

Factors that affect the elasticity of demand for labor include all of these except:

1 answer:

5 0

Since the problem doesn’t give the choices for these questions. I will be giving you the factors that affect the elasticity:

1. Labor costs as percent of total costs – when labor expenses have a high share in total costs then labor demand is more elastic.

2. Easiness and cost of factor substitution – when the firm can substitute rapidly and effortlessly between labor and capital inputs.

3. Price elasticity of demand for the final output produced – if the business is working an extremely competitive market where the final demand of the product is elastic and as a result the demand for labor is more elastic.

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When two goods are substitutes production then what??

swat32

Answer:

An increase in the price of one substitute good causes a decrease in supply for the other.

Explanation:

I just took a test on this subject last week :)

7 0

2 years ago

You were hired as a consultant to giambono company, whose target capital structure is 40% debt, 15% preferred, and 45% common eq

Harrizon [31]

The calculation of the Weighted Average Cost of Capital ( WAAC ) can be done using the following formula:

Weighted Average Cost of Capital = (Cost of debt * Weight of debt) + (Cost of Preferred* Weight of Preferred) +( Cost of equity * weight of equity)

Following information is available:

Cost of debt = 6%

Weight of debt = 40%

Cost of Preferred = 7.50%

Weight of Preferred = 15%

Cost of equity or retained earnings = 12%

Weight of equity = 45%

Hence, Weighted Average Cost of Capital = (6%*40%) + (7.5%*15%) + (12%*45%) = 8.925%

Hence, Weighted Average Cost of Capital is <u>8.925% </u>

6 0

4 years ago

ivernonions Industries uses a kanban system to manage production of the BR-549 subassembly. In an eight-hour day, they use 900 u

mina [271]

Answer:

production hours of inventory is 8.625 = 9 kanban

Explanation:

given data

d = 900 units per day = 112.5 unit per hour

c = 30 unit

time t = 120 min = $\frac{120}{60}$ = 2 hours

safety factor x = 15 %

to find out

many production hours of inventory are needed

solution

we find here many production hours of inventory are needed that express as

N = $\frac{dt(1+x)}{c}$ ....................1

put here value we get

N = $\frac{112.5*2(1+0.15)}{30}$

N = 8.625 = 9

7 0

3 years ago

A seller did not submit testing information required in the contract to the buyer, and the project manager did not notice it was

rusak2 [61]

Answer:

Since the testing information is a requirement of the contract, the buyer has the right to request for it accordingly and the seller should not refuse unless fraud is implied. The contract does not specify when a waiver of the right to the testing information should become effective.

The court of law should decide in favor of the buyer's right to receive the testing information from the seller.

Explanation:

Contract terms are agreements and promises that must be followed because they are made for consideration to be given and received. If a contract for the sale of goods includes the submission of some information, this later requirement forms part of the contract and exchange of promises for consideration, and they must be respected and fulfilled, unless there is additional agreement specifying some deadline within which the right to such testing information is waived.

7 0

3 years ago

Swifty Industries had sales in 2016 of $7,520,000 and gross profit of $1,261,000. Management is considering two alternative budg

Greeley [361]

Answer:Kindly check explanation

Explanation:

2016 volume = 7520000 ÷ 8 = 940,000

Plan A volume = 940,000 - (0.1×940000) = 846000

Plan A selling price = $8.40

Plan B selling price = $(8 - 0.5) = $7.5

Plan B volume = $940,000 + 115,000 = 1,055,000

SALES BUDGET ;

—-------------------------- Plan A. PlanB

Expected unit sale-846,000; 1055000

Unit selling price - $8.40. ; $7.50

Total sales - $7,106,400; $7,912,500

PRODUCTION BUDGET ;

------------------------------- PlanA. PlanB

Expected unit sales- 846000. 1055000

Add:

ending inventory - 42,300. 66,000

Total required unit - 888300. 1,121,000

Less:

Beg. finished goods - 45000. 45000

Tot. required goods - 843,300. 1,076,000

Variable cost = $(1.80+1.40+1.20) = $4.40

Variable cost(PlanA) = $4.40 × 843300 = $3,710,520

Variable cost(PlanB) = $4.40 × 1076000 = $4,734,400

--------------------------------- PlanA. PlanB

Variable cost 3,710,520. 4,734,400

Fixed cost 1553000. 1553000

Total cost(c) 5,263,520. 6,287,400

Total unit(u). 843,300. 1,076,000

Unit cost (c/u) $6.24. $5.84

D.) GROSS PROFIT

Cost of goods sold(PlanA) = $6.24 × 846000 = $5,279,040

Cost of goods sold(PlanB) = $5.84 × 1055000 = $6,161,200

--------------------------------- PlanA. PlanB

SALES. $7,106,400 $7,912,500

Cost of goods sold. $5,279,040. $6,161,200

Gross profit. $1,827,360 $1,751,300

E.) Plan A should be accepted due to it's higher gross profit margin

6 0

3 years ago