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3 years ago

What term refers to the knowledge, education, training, skills, and expertise of a firm's workers?

1 answer:

7 0

Human capital is the term that refers to the knowledge, education, training, skills, and expertise of a firm's workers.
Gary Becker, an economist from the University of Chicago has popularized this term. The human capital includes assets of individuals that can be used to create economic value for the individuals, their employers, or their community:

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Sales total 50,000 units a year. The statues are finished either rough or polished, with an average demand of 60% rough and 40%

Tanya [424]

Answer:

It is more profitable to not engrave the statues.

Explanation:

Giving the following information:

Sales= 50,000 units

Polished= 40% of sales

Direct material= $5 per pound

Processing= $300 to convert 30 pounds in 60 statues

Polish= $19 per unit

Engraved= $5 per unit

New selling price= $23,5

We need to determine whether it is more convenient to sell the units engraved or not.

First, we need to calculate the unitary cost of a polished unit.

The total cost of 60 units= 5*30 + 300= $450

Unitary cost (normal)= 450/60= $7.5

Unitary cost (engraved)= 7.5+5= $12.5

Total sales= 50,000*0.4= 20,000 units

Now, we can determine the total contribution margin of both options:

Sell as-is:

Total contribution margin= 20,000*(19-7.5)= $230,000

Engrave:

Total contribtuion margin= 20,000*(23.5 - 12.5)= $220,000

It is more profitable to not engrave the statues.

5 0

3 years ago

Cost of goods sold

never [62]

Answer:

The correct option is d.

Explanation:

Cost of goods sold: The cost of goods sold is that cost which sells the product at the cost price. It is directly related to the production level.

Example: purchase price, raw material cost, labor cost, etc.

It includes administration costs but not include research and development cost.

Neither it is found on the balance sheet, it shows on the income statement.

Nor, it records partly completed goods because it has come under work in progress.

So, the A,B, and C are incorrect statements while D is the correct statements.

Hence, the correct option is d. Cost of goods sold is the total product cost for the units sold during a period.

8 0

3 years ago

Read 2 more answers

"Justin Company currently produces and sells 4,000 units of a product that has a contribution margin of $6 per unit. The company

inysia [295]

Answer:i dont know

Explanation:

3 0

3 years ago

The American Association of Individual Investors (AAII) has identified several qualitative factors that should also be considere

wel

Answer:

Option 1 is the Correct Answer

Explanation:

Eastern Manufacturing being a one item organization is reliant on a solitary item for their benefit. As the item is at its immersion organize in showcase, the advancement of new item can carry another method for income to organization or the organization would before long face endurance issues.

7 0

3 years ago

What is the full form of BIPPA

Flauer [41]

Answer: Bilateral Investment Promotion and Protection Agreement.

Explanation:

4 0

3 years ago