Answer:
c. shift the supply curve of professors to the left ceteris paribus
Explanation:
Labour Supply curve shows the labour hours, employees or workers are willing & able to supply, at given wage rates during a period of time.
The curve is upward sloping due to positive relationship between wage rates & labour. As more labour is supplied at higher wage rate, less labour is supplied at lower wage rates.
Change in any other factor other than wages, changes (shifts) the supply curve. Factor increasing labour supply shifts the supply curve rightwards. Factor decreasing labour supply shifts the supply curve leftwards.
The case given : as increase in the minimum qualifying eligibility for the job, decreases the number of people who are 'able' to supply labour as per the criteria. So, it decreases labour supply & shifts the curve leftwards.
Answer:
option B) $ 25M
Explanation:
Data provided in the problem:
Without proposed project A,
The estimated cash flows over the next 3 years = $ 275M
With the proposed project A,
The estimated cash flows over the next 3 years = $ 300M
Now, the amount of incremental cash flows associated with Project A will be calculated as;
Incremental cash flow = Cash flows (With Project A) - Cash flows (Without Project A)
on substituting the values, we get
Incremental cash flow = $ 300M - $ 275M = $ 25M
Hence, the correct answer is option B.
Specific, measurable, achievable, relevant, time bound
Answer:
$1,144,000
Explanation:
The product cost of an item is the total cost incurred in producing that item. This includes cost elements such as direct materials, direct labor and manufacturing overheads.
Hence given that Dixon Company incurred the following costs: direct materials used, $280,000; direct labor, $480,000; manufacturing overhead, $384,000; and selling and administrative expenses, $250,000,
Product cost
= $280,000 + $480,000 + $384,000
= $1,144,000
Dixon's product costs total is $1,144,000
Answer:
The correct answer is "defined contribution plan"
Explanation:
A defined contribution plan is a type of retirement plan in which the employer makes contributions regularly to a specific account, the benefits depend on the amount of the contribution of his or her earnings (usually pretax).