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Sever21 [200]
3 years ago
9

In two or three sentences, describe the labor market.

Business
2 answers:
Gelneren [198K]3 years ago
3 0
I think the labor market is the nominal market in which workers find paying work, employers find willing workers, and wage rates are determined. 
shusha [124]3 years ago
3 0

Answer: The labor market is a market where the demand and supply for jobs meet to interact with one another. The numbers of workers that want to work depend on the level of pay that the employers want to pay. Equilibrium exists where supply of labour equals demand for labour.

Explanation:

The labor market refers to a market where workers and employers reach an agreement or interact for labor and wages. The worker provides the service which the employers need. The employer refers to an organization that needs an individual to do specific task while the worker is an individual who offer his service for pay or compensation.

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The adjusting entry to record accrued revenue a.differs from the journal entry to record revenue on account. b.includes a debit
motikmotik

Answer:

D.

Explanation:

To accrue means to grow or to accumulate over time. In accrual accounting, if the revenue recognition criteria are met in the current period, revenue will need to be accrued in the current accounting period even if cash will not been received until a later accounting period.

Accrued revenues is a type of account that require adjustment, to register the unrecorded revenues that have been earned and for which cash has not yet to be received.

The accrual journal entry to record the sale involves a debit to the accounts receivable account and a credit to sales revenue. If the sale is for cash, debit cash instead. The revenue earned will be reported as part of sales revenue in the income statement for the current accounting period.

It is the same for accrued revenue and for revenue on account.

8 0
3 years ago
When a company produces​ 5,000 units, total costs equal​ $150,000 and total variable costs equal​ $75,000. At this level of​ out
Marrrta [24]

Answer:

$15

Explanation:

Average fixed cost = Total fixed cost / quantity

Total fixed cost = Total cost - Total variable cost

= $150,000 - $75,000 = $75,000

Average fixed cost = $75,000 /5000 = $15

I hope my answer helps you

7 0
3 years ago
When Lofonift Inc. introduced its flagship product, an MP3 player, it captured the MP3 player market by offering its product at
mestny [16]

Answer:

Predatory pricing.

Explanation:

When Lofonift Inc. introduced its flagship product, an MP3 player, it captured the MP3 player market by offering its product at the lowest price in the market. This gradually forced many of its competitors out of business. Once its competitors were out of business, Lofonift Inc. raised its prices. In this scenario, Lofonift Inc. most likely indulged in predatory pricing.

Predatory pricing is a strategy used by some business owners to reduce the cost of a particular commodity or item to the lowest possible amount such that the available competitors will be driven out of business.

8 0
3 years ago
For a market to be competitive:a. each buyer and seller is small, relative to the whole market; no single decision-maker has any
kirill115 [55]

Answer: Option (A) is correct.

Explanation:

Each of the buyer and seller are small when we are relating it with the whole market. so, there will be no power in the hands of a single decision maker and if a firm wants to change their prices then it will not have any influence on the market price. In a competitive market, there are large number of buyers and sellers, thus, one buyer or seller doesn't have any impact on the market price.

7 0
3 years ago
You see a television commercial for a product you may want to buy, and there is a telephone number you must call to place an ord
bulgar [2K]

Answer:

krkfkfgkgkgkgkf

Explanation:

nxnxnxxnxnxckfk

8 0
3 years ago
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