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3 years ago

How can businesses addressing unemployment?

1 answer:

8 0

Small businesses are actually the major engine of the economy, especially now that much of our manufacturing jobs have moved overseas, so they play a crucial role in employment.

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uppose Stanley's Office Supply purchases 50,000 boxes of pens every year. Ordering costs are $100 per order and carrying costs a

Kay [80]

Answer:

The company will save $10,500 every year.

Explanation:

Giving the following information:

Supply purchases 50,000 boxes of pens every year.

Ordering costs are $100 per order.

Carrying costs are $0.40 per box.

Management has determined that the EOQ is 5,000 boxes.

The vendor now offers a quantity discount of $0.20 per box if the company buys pens in order sizes of 10,000 boxes.

Cost per order 1= 5000*0.40 + 100= $2,100

Total cost= 2,100* 10= $21,000

Cost per order 2= 10000*0.40 + 100 - 10000*0.2= 2,100

Total cost= 2,100*5= $10,500

We don't have any information on the cost of having inventory. It is cheaper to make bigger orders and save money ordering costs and take advantage of the discount.

6 0

3 years ago

QUESTION 20 Zhang Industries sells a product for $700. Unit sales for May were 400 and each month's sales are expected to exceed

Assoli18 [71]

Answer:

$8,768

Explanation:

Sales for June will be = $700 x 400 + $700 x 400 x 0.03 =

=280000 + 8400 = $288400

Projected selling expense = $3000 + $288400 * 0.02 = $3000 + $5768

= $8768

6 0

3 years ago

If the price of output falls from $5 to $2, the value of the marginal product of labor of all workers:

kicyunya [14]

When price declines, the value of marginal product of labor of all workers decreases.

Marginal product of labor is the change in output when labor employed in changed by one unit. For example, if total output of labor is 10 units when only one unit of labor is employed and 20 when two units of labour is employed. Price is $1. The marginal product of labor is $10 $1(20 - 10).

An increase in the price of output increases the marginal product of labor and a decline in the price of output decreases the marginal product of labor.

Please find attached the complete question. To learn more about the marginal product of labor, please check: brainly.com/question/17009411

3 0

3 years ago

Use the model developed in Chapter 3 and assume that consumption does not depend on the interest rate. Holding other things cons

tensa zangetsu [6.8K]

Answer: increases and the interest rate rises.

Explanation:

As a result of the increase in a demand for investment, entities will borrow more money from financial institutions in order to undertake these investments.

Investments will therefore rise as a result. Unfortunately, due to the increase in demand for loanable funds from financial institutions, interest rates will rise as well to show that demand is increasing faster than supply of loanable funds as posited by the law of demand and supply.

3 0

3 years ago

Darrin’s employees are highly skilled, so he allows them free rein to do their jobs.

Oxana [17]

Answer::Leader-Member exchange , Out group members

Explanation:Leader-Member exchange theory is a relationship based theory of leadership that exists between the leading managers and their n employees together with their interaction with each other leading to a productive workplace environment for both individuals.

The created relationship can either succeed when there is trust and mutual respect leading to effective employees or fail by producing undesired result in terms of a hostile relationship leading to low efficiency and productivity from employees

According to the leader member exchange theory, leaders tend to create different relationships with followers by forming two groups----- in group members and out group members

of which the outgroup members are given less responsibilities with less attention and work outside the leaders inner circle of communication and therefore are less likely to engage in organizational citizenship than other employees.

4 0

4 years ago