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2 years ago

The hours worked, and how it might interfere with your other priorities, can be factors when choosing a job.

1 answer:

7 0

It is TRUE because when you're looking at these factors you think of flexibility and whether or not you should choose a job. If your a mom you probably wouldn't choose a job where you had to work on weekends.

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A company has revenue of $1000 in 2009. Our current estimate is that revenues will grow 25% per year. Our profit each year will

Dominik [7]

Answer:

85.3%

Explanation:

since profits = 20% of total revenue, so total revenue = $15,000 / 20% = $75,000

That means that total revenue must grow from $1,000 to $75,000 in just 7 years. We can use the future value formula to determine the growth rate:

future value = present value x (1 + r)ⁿ

$75,000 = $1,000 x (1 + r)⁷

(1 + r)⁷ = $75,000 / $1,000 = 75

⁷√(1 + r)⁷ = ⁷√75

1 + r = 1.853

r = 1.853 - 1 = 0.853 = 85.3%

7 0

2 years ago

The minimum wage is increased from $7.25 to $9.00 per hour. Calculate the elasticity of demand for fast food workers over the re

deff fn [24]

Answer:

As the question was not complete. I have attached the complete question in the attachment. Please refer to attachment.

Explanation:

By using, LD = 95- 3w and w1 = 7.25 and w2 = 9. We get,

LD1 = 95-3(7.25) = 73.25

LD2 = 95-3(9) = 68

Elasticity = Change in labor demand/ change in wage rate = ((68- 73.25)/ 73.25)/ ((9-7.25/7.25)) = -0.33

The 11 percent change in the wage rate causes, 33% change in labor demanded, as shown by the elasticity, the labor demand decreases with increase in wage rate.

4 0

2 years ago

Suppose a gold miner finds a gold nugget and sells the nugget to a mining company for $500. The mining company melts down the go

SSSSS [86.1K]

Answer:

The GDP will increase by $2,000 as a result of these transactions

Explanation:

When trying to calculate the increase in GDP caused by a series of transactions, we do not add all the transactions, instead we look at the price of the final good and that is the increase in GDP. In this case the final good is the necklace that the store department sells for $2,000 therefore we will only consider the final transaction. So the GDP will increase by $2,000 as a result of this series of transactions because the final good sold for $2,000.

4 0

2 years ago

Rachael’s Restaurant, a fast-food restaurant company, operates a chain of restaurants across the nation. Each restaurant employs

netineya [11]

Answer:

a. Advertising costs relative to the number of customers for a particular restaurant. [Fixed]

b. Rental costs relative to the number of restaurants. [Variable]

c. Cooks salaries at a particular location relative to the number of customers. [Fixed]

d. Cost of supplies (cups, plates, spoons, etc.) relative to the number of customers. [Variable]

e. Manager's compensation relative to the number of customers. [Mixed]

f. Servers' salaries relative to the number of restaurants. [Variable]

Explanation:

8 0

2 years ago

If a concession stand received $5,550 in gameday sales, and its profit for the event was $3,330, what were the expenses?

frez [133]

Answer: $1,110 .

Explanation:

Given : Amount received by concession stand in gameday sales = $5,550

i.e. Gross income = $5,550

Profit for the event = $3,330

i.e. Net income =$3,330

According to the Net income formula ,

Gross income - expenses = Net income

⇒ Expenses = Gross income - Net income

⇒ Expenses = $5,550- $3,330

⇒ Expenses = $1,110

Thus , the expenses were $1,110 .

3 0

3 years ago