If you need to set up a direct deposit which information from your check would you most likely need

In a labor market comprising many firms hiring many workers with identical skills, which of the following is correct?

serg [7]

Answer:

Individual firms and workers are wage takers because they cannot exert any control over the market wage rate.

Explanation:

Remember, a labor market shows the availability of employment and labor, in terms of their supply and demand.

This scenario occurs in a purely competitive labor market.

In this market there many qualified workers with identical skills; meaning the workers share similar skills while the demand for such skills is high because of their importance to firms.

4 0

4 years ago

Procter & Gamble is a multinational corporation that manufactures and markets many household products. Last year, sales for

Stolb23 [73]

Procter & Gamble is a multinational corporation that manufactures and markets many household products is our goal is to use every opportunity we have no matter how small to set change in motion. To be a force for good and a force for growth. Compute Procter & Gamble's receivable turnover ratio and its inventory turnover ratio.

Ans.1a Account receivables turnover ratio = Net credit sales / Average trade receivables

74756 / 6447

11.60 times

*Net credit sales = Total sales * 90%

83062 * 90%

74756

*Average receivables = (Beginning receivables + Ending receivables / 2

(6508 + 6386) / 2

6447

Ans.1b Inventory turnover ratio = Cost of goods sold / Average inventory

42362 / 6834

6.20 times

Cost of goods sold = Total sales - Gross profit

83062 - (83062 * 49%)

42362

*Average inventory = (Beginning inventory + Ending inventory) / 2

(6909 + 6759) / 2

6834

Ans.2a Days' sales in accounts receivables = No. of days in year / Receivables turnover ratio

365 / 11.60

31.47 days

Ans.2b Days' sales in inventory = No. of days in year / Inventory turnover ratio

365 / 6.20

58.87 days

Learn more about turnover ratio here

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3 0

2 years ago

Process of tracking customer contacts and providing the customer with a price quote is

SashulF [63]

The correct answer is letter C. Pre-Sales

Pre-Sales is carried out before a producer managed to acquire customers, sometimes even before the products are being launch.

Usually customers get a significant amount of discount if they bought the product through pre-sales process, but they have to wait a little bit long before they got the products

4 0

3 years ago

Atlantic Corporation reported the following amounts at the end of the first year of operations: contributed capital $100,000; sa

romanna [79]

Answer:

A) retained earnings $40,000 and expenses $340,000.

Explanation:

Total Assets = Total Equity + Total Liabilities

$300,000 = Total Equity + $160,000

Total Equity = $300,000 - $160,000

Total Equity = $140,000

Now

Total Equity = Contributed Capital + Retained Earning

$140,000 = 100,000 + Retained Earning

Retained Earning = $140,000 - $100,000 = $40,000

Now

Retained Earning = Revenue - Expenses - Dividend paid

$40,0000 = $400,000 - Expenses - $20,000

$40,0000 = $380,000 - Expenses

Expenses = $380,000 - $40,000

Expenses = $340,000

3 0

4 years ago

Exercise 11-6 Net present value LO P3 A new operating system for an existing machine is expected to cost $520,000 and have a use

Citrus2011 [14]

Answer:

NPV of investment 1: $509,131

NPV of investment 2: $269,513

Explanation:

initial investment -$520,000

6 year useful life, depreciation per year = ($520,000 - $10,000) / 6 = $85,000

free cash flow per year = $150,000 + $85,000 = $235,000

free cash flow last year = $235,00 + $10,000 = $245,000

NPV = -$520,000 + $235,000/1.1 + $235,000/1.1² + $235,000/1.1³ + $235,000/1.1⁴ + $235,000/1.1⁵ + $245,000/1.1⁶ = -$520,000 + $213,636 + $194,215 + $176,559 + $160,508 + $145,917 + $138,296 = $509,131

initial investment -$380,000

8 year useful life, depreciation per year = ($380,000 - $20,000) / 6 = $60,000

free cash flow per year = $60,000 + $60,000 = $120,000

free cash flow last year = $120,00 + $20,000 = $140,000

NPV = -$380,000 + $120,000/1.1 + $120,000/1.1² + $120,000/1.1³ + $120,000/1.1⁴ + $120,000/1.1⁵ + $120,000/1.1⁶ + $120,000/1.1⁷ + $140,000/1.1⁸= -$380,000 + $109,091 + $99,174 + $90,158 + $81,962 + $74,501 + $67,737 + $61,579 + $65,311 = $269,513

5 0

3 years ago