Answer: B. The firm hires 45 workers and earns a $1,200.00 Economic Profit
Explanation:
If the Market Equilibrium rate is $105 then the company should hire 45 workers as shown in the table.
If they did that, revenue would be $7,425
Expenses would be wages and fixed costs:
= Wages + fixed costs
= (45 workers * wage rate) + 1,500
= (45 * 105) + 1,500
= $6,225
Economic profit would be:
= 7,425 - 6,225
= $1,200
Answer:
1. Ending Carrying value value in 2016 = legal cost for application which is $20,000
Ending Carrying value in 2017 = legal cost of application in 2016 + legal fees incurred in 2017 = $20,00 + $8000= $28,000
2. The company should not amortize the trade as it was not impaired in 2016 and 2017.
The trade name can be amortized if it's useful life is known above which the company has determined that it will not use the trade name anymore, then it will be amortized over it's useful life.
Answer: (D) Blanket position
Explanation:
The blanket position is one of the type of form that helps in providing the broadcast coverage that covers all the employees in all type of position. It is also know as the blanket fidelity.
The main purpose of the blanket position bond is that for providing the employees theft coverage in the form of coverage securities, money and the properties.
The coverage is basically base on the different types of designed position and may also differ according to the different types of positions.
Therefore, Option (D) is correct.
Answer:
To create human capital in a company, it is mainly necessary to capture it (recruit and select it) and retain it (make it stay in the organization).
Explanation:
First, to be able to recruit competitively, the organization has to work its corporate brand.
Secondly, there must be efficient and current recruitment processes. Recruitment is the process of attracting talent to the selection processes.
Once the worker is incorporated into the company, strategies must be used to improve talent retention and team performance.
