The status dropout rates measures the percentage of individuals who are not enrolled in a certain class or who does not have any school credentials. In the U.S by the year 2008 there was approximately 3.0 million drop out at ages 16 through 24 years old, all were living in United States.
Answer:
The implication is that the Illinois Department of Child Services is a unionized workplace.
Mortimer will derive better benefits that surpass the costs of membership. He is covered in all collective bargains, even when he resigns his union membership. Unions negotiate for better working conditions, higher pays, and improved benefits.
When Mortimer has any grievance against the department, the union will also represent him, thereby making his life easier since unions can negotiate better with employers than individual workers.
Mortimer is even lucky to find a job at a unionized workplace because the jobs are not usually advertised as union members easily bring in their relatives and friends to occupy such vacancies.
Explanation:
Most of the disadvantages that Mortimer should complain about unions are disadvantages to the employer and not to him as an individual worker. For the employer, the union acts as a form of monopoly that can decide whether the workers would work or not. The unionized workers are not easy to replace with other workers.
Answer: A - nominal wages are slow to adjust to changing economic conditions
Explanation:
In the short run, the costs of many of the factors used in the production process are fixed. For example labours wage is fixed for a number of years because of labour contracts. Also the raw materials used in the production process have long term agreements that fix their prices.
As a result of factors of production been fixed in the short run, when general price level rises and the cost of production remains constant, profit also rises.
Firms take advantage of this rise in price and increase production and the quantity of aggregate supply increases. This is why the short run aggregate supply curve is upward sloping.
Answer:
$192,500
Explanation:
budgeted net income statement
Net sales $750,000
<u>COGS ($300,000) </u>
Gross profit $450,000
Selling expenses ($83,000)
<u>Adm. expenses ($92,000) </u>
EBIT $275,000
<u>Income taxes ($82,500) </u>
Net income $192,500
Answer:
$8.93
Explanation:
The payment made to the stockholders is known as dividend.
Price of the stock can be determined by calculating the present value of all future expected dividends using cost of capital.
In this question $1.25 per share dividend is paid and rate of return / cost of capital is 14%, so price of stock will be calculated as follow.
Price of the share = Dividend / Cost of Capital = $8.93
Price of the share = $1.25 / 14% = $8.93
