Answer:
$624, 750
Explanation:
Purchases = 900,000
Sales = 1500000
Price index = 110%
Inventory= 189750
1,500,000 - [{($150,000 x 110%) + $900,000} - $189,750]
=1,500,000 - [($150,000 x 1.1) + $900,000] - $189,750
= 1,500,000 - (1065000 - 189750)
= 1,500,000 - 875250
=$624,750
Gross profit. = $624750
The <u>Wagner act</u>, which prohibited employers from using unfair labor practices, declared that the official policy of the u.s. government was to encourage collective bargaining.
<h3><u>What is the Wagner Act?</u></h3>
The Wagner Act, officially known as the National Labor Relations Act of 1935, is the most significant labor law passed in the United States during the 20th century. Its principal goal was to make it lawful for most workers—with the notable exception of domestic and agricultural workers—to form or join labor unions and engage in collective bargaining with their employers.
The Wagner Act, sponsored by New York's Democratic senator Robert F. Wagner, made the federal government the exclusive arbiter and regulator of labor relations. It established the National Labor Relations Board (NLRB), a permanent body of three members (later expanded to five), with the authority to hear and decide labor disputes through quasi-judicial processes.
Learn more about the Wagner act with the help of the given link:
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It should be noted that differences in the wealth of relatively similar countries such as North and South korea are an example of how different Economic and political conditions affect businesses.
<h3>What are Economic and political conditions in business?</h3>
Economic and political conditions that do affect business can be regarded as the factors in the country as well as government policy that can influence the business.
Therefore, differences in the wealth of relatively similar countries such as North and South korea are an example of Economic condition that affect business.
Learn more about Economic and political conditions at:
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Answer:
Comfy Fit Company
Contribution margin per hour of machine time:
Contribution margin for 1 hour of machine time will be equal to:
Swoop = $5 x 60/6 = $50 per hour
Rufus = $15 x 60/6 = $150 per hour
Explanation:
If Contribution margin:
Swoop = $5 for 6 minutes' machine time
Rufus = $15 for 6 minutes' machine time
Therefore, contribution margin per hour will be
Contribution x 60/6.
Since 60 minutes make an hour, there will be ten times more contribution for each.
This gives an hourly contribution of $50 ($5 x 10) and $150 ($15 x 10).
Answer:
True
Explanation:
The CPI results from the variation of prices in a market basket compared between 2 years and the inflation is the measure of the change in CPI in a series of time.
