Answer:
b. hire a management team with expertise in complementary areas.
Explanation:
Yes, at this very time, it has become very hard for the Vicenzo to handle his company by himself due to the growth of the company, which is definitely a good business sign which needs to tacked well. He should go for hiring a management team which should have different expertise. He should first make different departments in the company such as, marketing department, finance department, human resource department, procurement department, production department etc. Then afterwards, he should hire the suitable persons for each department. He should start by hiring HR department's people first because they can help him in the future hiring and human resource related tasks.
Answer:
2) the demand for cigarettes was inelastic in the short run, but elastic in the long run.
Explanation:
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Demand is inelastic if quantity demanded shows little or no sensitivity to changes in price.
Demand is elastic if a small change in price leads to a greater change in quantity demanded.
If the government taxes cigarettes, they become more expensive. In the short run, consumers do not have enough time to search for suitable substitutes for cigarettes. As a result, they continue purchasing the cigarettes despite the increase in price. Thus, demand is inelastic.
But over time, consumers would be able to find substitutes for cigarettes, as result they would reduce their demand for cigarettes. At this point demand is elastic. As a result of the fall in demand for cigarettes, the revenue the government earns from taxing cigarettes would fall.
I hope my answer helps you
I would say to create a business plan. You cant start a business without what your doing first. once all details are finalized then you get you licensing requirements followed by the goals and then assessing child's needs because all children are different.
Answer: $38,097.50
Explanation:
Mandy Feng has to pay Johnson $35,000 for the year as well as various taxes. Adding all of these up is the total cost of hiring Johnson to Mandy Feng.
Calculating therefore we have,
= Salary + Social Security Taxes + Medicare Taxes + SUTA Tax + FUTA Tax
Remember, it is stated that FUTA and SUTA are applicable to only the first $7,000 of Johnson's pay.
= 35,000 + (6.2% * 35,000) + (1.45% * 35,000) + ( 5.4% * 7,000) + ( 0.6% * 7,000)
= 35,000 + 2,170 + 507.50 + 378 + $42
= $38,097.50
The total cost to Feng of employing Johnson for the year is $38,097.50
