The equilibrium level of consumption is $28500.
The equilibrium level of consumption is at the point where the disposable income is equal to the consumption.
If this was properly placed in a tabular form, we would clearly see that when the disposable income was at $28500, the consumption in dollars was also at the same price level.
Given this condition, we can conclude in economics that consumption is at its level of equilibrium.
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Answer:Current Ratio=4.5
Explanation:
Current Ratio = Current Assets / Current Liabilities
Current assets = Cash + Marketable Securities + Accounts and Notes Receivable+ Inventories + Prepaid expenses
= $280,000 +$131,000 + $395,000 + $570,000 + 19,000=$1,395,000
Current liabilities = Accounts and Notes Payable (short-term) + Accrued Liabilities
=$250,000 + $60,000= $310,000
Current ratio = $1,395,000 / $310,000= Current Ratio
The HR functions that Brian Miller should prioritize are : 1. Human Resource Planning - The first thing that Miller has to do is identify the workforce requirement then plan how he is going to hire new talent to the company
<h3>What is
workforce requirement ?</h3>
A strong workforce necessitates that employees have the skills, experience, and credentials that employers require. Understanding these job requirements, how they are changing, and how they differ across localities is critical to the development of America's workforce.
A strong workforce necessitates that employees have the skills, experience, and credentials that employers require. Understanding these job requirements, how they are changing, and how they differ across localities is critical to the development of America's workforce.
Workforce assessment encompasses all of an organization's processes, systems, and tools for making accurate, reliable, and effective decisions about the jobs required to achieve business objectives, as well as the qualifications and performance expectations for the individuals who work in those jobs.
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Answer:
$196,000
Explanation:
Given that,
Direct materials, = $7 per unit,
Direct labor, = $5 per unit,
Variable overhead, = $6 per unit
Fixed overhead = $350,000
Total variable cost per unit:
= Direct Material per unit cost + Direct Labor per unit cost + Variable Overhead per unit cost
= $7 + $5 + $6
= $18
Fixed cost overhead rate per unit:
= Fixed overhead ÷ Units produced
= $350,000 ÷ 35,000
= $10
Cost per unit as per Absorption costing:
= Fixed cost overhead rate per unit + Total variable cost per unit
= $10 + $18
= $28
Value of Ending Inventory:
= units in inventory at year-end × Cost per unit
= 7,000 × $28
= $196,000
