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3 years ago

How is the labour market different from other markets

1 answer:

8 0

Answer: The labor market works much like other markets. There are buyers and sellers and they interact to determine a price. ... In the labor market, firms demand labor and individuals such as you and I supply that labor. Employers demand labor because workers are an important part of the production process.

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Some countries use market-based systems to help control access to fisheries. One such program is the

klasskru [66]

Answer:

individual transfer rights system.

Explanation:

Some countries use market-based systems to help control access to fisheries. One such program is the individual transfer rights system.

An individual transfer rights (ITR) system can be defined as a system in which the government of a particular country gives each fishing vessel or owner a specific percentage of the total fish allowable to be caught each year.

7 0

3 years ago

Why do consumers benefit from free trade and the resulting competition between businesses?

Helga [31]

The answer for this question is: <span>Competition tends to drive down prices and improve quality
When free trade exist, every businesses must heavily compete in order to win the customers' favor.
In order to obtain the favor, a couple of things that they could do are lowering their price in comparison to their competitor and improve the products that they made.</span>

4 0

4 years ago

Managing change is often the easiest when the organization is experiencing a:

Trava [24]

I believe the answer is b

8 0

3 years ago

If budgeted beginning inventory is $9,150, budgeted ending inventory is $10,420, and budgeted cost of goods sold is $11,110, bud

vekshin1

Answer:

$12,380

Explanation:

The beginning inventory is $9,150

The budgeted ending inventory is $10,420

The cost of goods sold is $11110

Therefore the budgeted purchases can be calculated as follows

= $10,420 + $11,110-$9,150

= $21,530 - $9,150

= $12,380

Hence the budgeted purchases is $12,380

7 0

3 years ago

Johnson Electronics is considering extending trade credit to some customers previously considered poor risks. Sales would increa

Dafna1 [17]

Answer:

a) Incremental income after taxes:

•Additional sales--------------$156,000

•Accounts uncollectible

(5% of $156,000)-------------$7,800

• Annal revenue increment

(Ad sales-acts colectible)--$148,200

• Collection costs

(5% of $156,000)-----------------$7,800

• Production & selling costs

(73% of $156,000)-------------$113,880

• Annual income before tax

(Annual incremental rev -

Collection costs-prod.&sell

Costs)------------------------------$26,520

• Taxes at 20% -----------------$5,304

• Incremental income after

tax-----------------------------------$21,216

b) Incremental income on sales =

Incremental income/Incremental sales.

= (21216/156000)*100

= 13.60%

c) Receivable turnover =

Sales/Receivable

Receivables =

sales/receivable turnover

= 156000/3 = $52000

Based on the new average, incremental return will be:

(21216/52000) * 100

= 40.80%

4 0

3 years ago