In the efficiency wage model with the efficiency wage above the market-clearing wage, the level of employment depends on: labor demand alone.
<h3>What is wages model?</h3>
Wages model is a model that stated that wages which a worker or an employee earn is based on the workforce or the amount of money available to pay the workers.
In a situation were will have wage that is above the market-clearing wage this tend to mean that the level of employment will depends on labor demand only.
Therefore the level of employment depends on: labor demand alone.
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Answer:
a. Rp= 10.0hr
b. Tc= 1052 workers
c. n= 421 workstations
Explanation:
(a) Rp= Da/250Hsh. Rearranging, Hsh= Da/250Rp= 150,000/250(60) = 10.0 hr
(b) Tc= 60E/Rp= 60(0.95)/60 = 0.95 minTs= Tc– Tr= 0.95 – 0.10 = 0.85 minw= Min Int 14.0(60)/0.85(0.94) = 1051.3 rounded up to 1052 workers
(c) n= w/M= 1052/2.5 = 421 workstations
Answer:
1.16
Explanation:
Given that,
Net sales = $4,000 million;
Cost of goods sold = $3,600 million;
Net income = $720 million
Average total assets = $3,450 million
Total Asset Turnover Ratio:
= Net Sales ÷ Total Average Assets
= $4,000 million ÷ $3,450 million
= 1.16
Therefore, the total asset turnover ratio of Flask Company is 1.16.
<span>A person's debt ratio shows the relationship between debt and net worth. The lower the ratio the better off the person is financially. </span>
When you are in good financial standing, if it necessary to have a low debt ratio. The debt ratio is how much debt to income or net worth someone has. When you have a low debt ratio you are often approved for larger loans and can sustain financial freedom more easily.
Answer:
False
Explanation:
The formula for equivalent units units as follows:
Opening Work in Process + Equivalent units on which the work is done - Closing Work in process = Units Transferred
Therefore, ideally,
Opening work in process - Closing work in process = Units transferred - Equivalent units on which work is done.
As adding all the cost incurred during the period to opening inventory of work in process, we get the total cost for the period, thereafter, deducting the cost allocated to closing work in process we get the value of goods produced and transferred.
<u>Therefore, above statement is false.</u>