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Aleksandr [31]
3 years ago
6

Based on the supply and demand theory, why do medical doctors earn higher wages than child-care workers

Business
1 answer:
Makovka662 [10]3 years ago
8 0

Answer:

The answer is C

Explanation:

There are few doctors hence the wage will be higher, basically demand exceeds supply hence higer wages, unlike child-care workers where supply exceeds demand.

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Biltz Company uses a predetermined overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. During
Fiesta28 [93]

Answer:

manufacturing overhead underallocated for the year $124,102.4

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

we distribute the expecte rate over the cost dirver

582,100 / 135,000 = 4.3185

150400 x 4.3185 = 649502.4 applied overhead

applied - actual = over or underappied

if actual > applied = underapplied

if actual < applied = overhead

525,400 - 649,502.4 = -124,102.4

3 0
3 years ago
A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and declared and paid cash divi
ella [17]

Answer:

b. $433,750

Explanation:

The ending balance in retained earnings can be calculated as;

= Beginning balance + Net income - Cash dividends

Given that;

Beginning balance = $430,000

Net income = $60,000

Cash dividends = $56,250

= $430,000 + $60,000 - $56,250

= $433,750

Therefore, the ending balance in retained earnings is $433,750

4 0
2 years ago
The recognition of the need for organizations to improve the state of people, the planet, and profit simultaneously if they are
romanna [79]

Answer:

The need for organisations (which may be governmental or non-governmental) to improve the condition of living of people and protect their environment whilst they pursue increased profitability has been termed

The Triple Bottomline.

It is also referred to by economists as the 3P - People, Planet and Profit.

It speaks to the fact that other than the usual making financial success the sole metric of measurement by which organisations are evaluated, their impact on people and the environment should be considered as well.

In simple terms, a firm should be termed more successful than others if it's activities besides being profitable also impacts positively on people and protects if not improves the environment.

Cheers!

7 0
3 years ago
A company bought a parcel of land twenty years ago. The land is currently worth $575,000. The yearly appreciation rate has been
tekilochka [14]

Answer:

The company paid $278,031

Explanation:

Giving the following information:

A company bought a parcel of land twenty years ago. The land is currently worth $575,000. The yearly appreciation rate has been 3.7%.

<u>To calculate the past value of the land, we need to use the following formula:</u>

PV= FV/(1+i)^n

PV= present value (20 years ago)

n= 20

FV= 575,000

i= 0.037

PV= 575,000 / (1.037^20)

PV= $278,031

3 0
2 years ago
Match each type of employment with its definition (2 points)
Rainbow [258]

Each type of employment has been matched with its definition thus:

  • Frictional unemployment: Unemployment associated with workers who are  between jobs
  • Cyclical unemployment: Unemployment resulting from mismatches between  employer needs and employee skills.
  • Structural unemployment: Unemployment associated with the highs and lows of  the business cycle.

There are different causes of employment. Frictional unemployment is the timeframe between the period an individual lost his job and seeks another.

Structural unemployment is a result of inconsistencies in the labor market.

Cyclical unemployment occurs when the demand from the employee is not met with the skills of the employer.

Learn more about unemployment here:

brainly.com/question/305041

4 0
2 years ago
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