Answer:
The role that financial intermediaries play in that diagram of the economy is to leakage or inject money.
Explanation:
To begin with, the concept known as "Circular Flow of Income" refers to a model that is famously known in the economics sciences due to the fact that it is a graphic that shows how the primary entities of the economy of a country interact with each other in order to have a particular outcome expected in the diagram. Therefore that in that context, the financial institutions play the role of intermediaries inside the flow meaning that the can they can either leakage or inject money to the flow. The first one they do it by helping the households to save money in accounts. And the second one they do it by helping the private sector in terms of investing regarding businesses.
To find the gross profit margin found by:
(revenue - cost of goods sold)/revenue
Revenue = $62,275
Cost of goods sold (purchase price) = $26,500
= (62,275 - 26,500)/62,275
= 35,775/62,275
= 0.57 x 100
Percentage of gross profit = 57%
Answer:
The labeling machine option is the best decision as it would increase the profit to 1 million dollars and the ROI to 40% and if the life span of the machine is extended, an increased profit of 200 thousand dollars would be made, but the fast-food chain would be more profitable in the long run if the contract is extended.
Explanation:
The Humble Pies is a bakery company co-owned by two friends Linda and Taylor. After a while in the business, they had two options to either sign a contract with the fast-food with a 3-year contract to purchase a packaging machinery and a supply of 2,200,000 pies at $1.50 per pie or purchase a labeling machine which would reduce the cost of labor and provide a monthly profit of $13,000.
The former in the long run (if the contract is extended) would be profitable to Humble pies, but the labeling machine option is the best decision of a short-term investment.
Just as in any market, the price of labor, the wage rate, is determined by the intersection of supply and demand. When the supply of labor increases the equilibrium price falls, and when the demand for labor increases the equilibrium price rises.
Answer:
a) 29%
Explanation:
The formula to compute the unemployment rate is shown below:
Unemployment rate = (Number of Unemployed workers) ÷ (Total labor force) × 100
where,
Number of unemployed = 40 million
Total labor force = Number of unemployed + number of employed
= 40 million + 100 million
So, the unemployment rate would be
= (40 million) ÷ (140 million) × 100
= 29%