Answer:
$3144.20
Explanation:
Using the formula of Future Value FV = PV(1 + R)^N
where;
Present Value PV = $1633
Rate R = 0.14
∴
FV = $1633(1 + 0.14)^5
FV = $1633(1.14)^5
FV = $3144.20
<span>Outsourcing workforce analysis. Outsourcing has the potential of saving a company a significant amount of money on labour costs. By utilizing labour in countries with less stringent minimum wage and work hours laws, a company can increase output while decreasing labour costs.</span>
Answer:
7.68%
Explanation:
Data provided in the question
Present value = $1,891
Future value or Face value = $2,000
PMT = 2,000 × 7.1% ÷ 2 = $71
NPER = 17 years × 2 = 34 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, The pretax cost of debt is 7.68% (3.84% × 2)
If labor costs are 60 percent of production costs, then a 15 percent increase in wage rates would increase production costs by <u>9 percent.</u>
<h3>
What are labor costs?</h3>
- The total of all employee wages, employee benefits, and payroll taxes paid by an employer constitutes the labor costs. Direct and indirect (overhead) labor costs are separated.
- While indirect costs are related to labor costs, such as personnel who maintain industrial equipment, direct costs include wages for the employees who make a product, including those on an assembly line.
- While indirect costs are related to support labor, such as personnel who maintain industrial equipment, direct costs include wages for the employees who make a product, including those on an assembly line.
- The price of goods or services may fluctuate away from their genuine cost if labor costs are poorly allocated or evaluated, which could hurt earnings.
To learn more about labor costs with the given link
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The liabilities will be understated.