The demand for pizza increases because In this task, we need to explain whether the demand for student employees would increase, decrease or remain constant in different scenarios.
Demand for labor is the total demand for working hours (workers) that is derived from the demand of a firm's total output.
Cost of employees increases because the minimum wage rises
Therefore, when the minimum wage for student employees increases, the marginal cost of labor increases.
<u>Therefore, the </u><u>demand </u><u>for student employees would decrease.</u>
<h3>what is
Demand ?</h3>
- Demand refers to the consumer's desire to purchase a particular product or service.
- Market demand is the demand for a particular good in the market.
- Aggregate demand refers to the overall demand for goods and services in any economy.
- The matching of supply and demand determines the price of goods or services, Understanding the concept of demand.
- Demand is an economic concept that refers to consumers' desire to purchase goods and services and their willingness to pay a particular price for them.
- The Law of Demand is an economic principle that consumer demand for a commodity increases when prices fall and decreases when prices rise.
- The law of demand comes into play during Black Friday sales, when consumers rush to buy products at deep discounts.
to learn more about Demand from the given link :
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Answer:
8.5
Explanation:
Account receivable turnover is calculated by dividing the net credit sales by the average of account receivable .
Net sales $569,000
Account receivable $91,000
Account receivable - $43000
Average account receivables = (91000+43000)/2= $67,000
Account receivable turnover = 569000/67000 =8.5
Answer:
13%
Explanation:
Expected return on market = ((Expected return - Risk-free rate) / Beta) + Risk-free rate
Expected return on market = ((17.50% - 8%) / 1.90) + 8%
Expected return on market = 9.5%/1.90 + 8%
Expected return on market = 0.05 + 0.08
Expected return on market = 0.13
Expected return on market = 13%
Answer:
Order cycle time = 28.85 days
Explanation:
<em>The Economic Order Quantity (EOQ</em>) is the order size that minimizes the balance of ordering cost and holding cost. At the EOQ, the carrying cost is equal to the holding cost.
It is computed using he formula below
EOQ = √ (2× Co× D)/Ch
Co- ordering cost, Ch- Holding cost per unit per annum
D- Annual demand,
EOQ - Economic order qunatity
Co-125. Ch- 2.50, D- 40,000
EOQ= √ (2× 125× 40,000)/2.5
EOQ = 3,162.27
The cycle time = order quantity/annual demand× 365 days
= 28.85 days
Answer:
Explanation:
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