Answer:
The correct answer is B. Labor demand is less elastic when a large amount of labor is essential to the production process.
Explanation:
Inelastic demand is one that is not very sensitive to sudden changes in its quantity, even in the face of important changes in the context in which they operate, such as a change in the price if it is a product for sale, or in the working conditions or wages if you talk about labor demand.
Thus, in the case of a job in which high amounts of labor are needed, the labor demand will remain stable despite these changes, as workers will perceive that it is a position of easy access and hiring.
Answer:
A. 22.56%
B. 17.97%
Explanation:
a. Calculation for the cost of not taking a cash discount.
Cost of not taking cash discount = ( 2% / 98% )* ( 365 / (45 - 12) )
Cost of not taking cash discount=0.0204*365/33
Cost of not taking cash discount=7.446/33
Cost of not taking cash discount=0.2256*100
Cost of not taking cash discount= 22.56%
Therefore the Cost of not taking cash discount will be 22.56%
b. Calculation for the rate of interest if the company borrow from the bank.
Annual rate of interest = 16% / (1- 11%)
Annual rate of interest = 0.16/0.89
Annual rate of interest = 0.1797*100
Annual rate of interest = 17.97%
Therefore the rate of interest if the company borrow from the bank will be 17.97%
B is the answer good sir<span />
Answer:
Cost of goods available for sale 344,000
Cost of goods sold 301,000
Explanation:
cost of goods available for sale :
Is the sum of all tehcost that the firm could have sold during the period.
Is the sum of beginning inventory (goods from prior periods) and the purchase done in the period
beginning inventory + purchase
beginnning inventory 44,000
purchase = 304,000
Cost of goods available for sale 344,000
Then, cost of goods available for sale - ending inventory = COGS
344,000 - 43,000 = 301,000 COGS
