In order to be classified as a _______________, a firm must be owned by the people who run it on a day-to-day basis.

A local pizzeria hires college students to make pizza, wait on tables, take phone orders, and deliver pizzas. For each situation

Colt1911 [192]

The demand for pizza increases because In this task, we need to explain whether the demand for student employees would increase, decrease or remain constant in different scenarios.

Demand for labor is the total demand for working hours (workers) that is derived from the demand of a firm's total output.

Cost of employees increases because the minimum wage rises

Therefore, when the minimum wage for student employees increases, the marginal cost of labor increases.

<u>Therefore, the </u><u>demand </u><u>for student employees would decrease.</u>

<h3>what is Demand ?</h3>

Demand refers to the consumer's desire to purchase a particular product or service.
Market demand is the demand for a particular good in the market.
Aggregate demand refers to the overall demand for goods and services in any economy.
The matching of supply and demand determines the price of goods or services, Understanding the concept of demand.
Demand is an economic concept that refers to consumers' desire to purchase goods and services and their willingness to pay a particular price for them.
The Law of Demand is an economic principle that consumer demand for a commodity increases when prices fall and decreases when prices rise.
The law of demand comes into play during Black Friday sales, when consumers rush to buy products at deep discounts.

to learn more about Demand from the given link :

brainly.com/question/14456267

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4 0

1 year ago

Portions of the financial statements for Parnell Company are provided below. PARNELL COMPANY Income Statement For the Year Ended

m_a_m_a [10]

Answer:

Net Cash flow from Operating Activities (Direct Method) = $343

Net Cash flow from Operating Activities (Indirect Method) = $343

Explanation:

Cash Flow Statement - Operating Activities (Direct Method)

Amount in $

Cash receipts from Customer (219+770-321) 668

Less: Cash paid to suppliers (120+285-207-98) -100

Cash paid Employees (96+117-108) -105

Cash Paid to Insurance (69+37-85) -21

Cash Generated from operation 442

Less: Interest paid (47-19) -28

Income tax paid (55+82-66) -71

Net Cash flow from Operating Activities 343

Cash Flow Statement - Operating Activities (Indirect Method)

Amount in $

Net Income 82

Add: Depreciation Expenses 120

Loss on sale of Machinery 12

Decrease in Inventory (422-324) 98

Increase in Account payable (207-120) 87

Increase in salaries payable (108-96) 12

Decrease in prepaid Insurance (69-85) 16

Decrease in Bond Discount (184-203) 19

Increase in Deferred Tax Liabilities (66-55) 11

Less: Gain on sale of Building -12

Increase Accounts receivable (321-219) -102

Net Cash flow from Operating Activities 343

6 0

3 years ago

What is your employer required to have on fixed ladders that extend more than 24 feet in the workplace?

Dmitriy789 [7]

Answer:

B. Ladder safety or personal fall arrest systems

Explanation:

Under the provisions of OSHA laws, where the total length of a climb equals or is greater than 24 feet or 7.3 meters, ladders must be equipped with one of the following safety devices.

ladder safety devices
Self-retracting lifelines, and rest platforms at intervals not to exceed 150 feet (45.7 m)
A cage or well and multiple ladder sections with each ladder section not to exceed 50 feet (15.2 m) in length.

The safety devices are cautionary provisions to protect a climber should the unexpected happen.To ascend a height of 24 feet and more is exhausting, which poses a risk. The climber may feel dizzy or develop height phobia due to exhaustion.

5 0

3 years ago

Silver Corporation, which operates a department store, sells a television to a store employee for $300. The regular customer pri

tatuchka [14]

Answer:

$75

Explanation:

Calculation to determine How much must the employee include in income from both these transactions in total

Customer price for property $500

Less: Gross profit (25%*$500) ($125)

($500-$125=$375)

Employee price ($300)

INCOME $75

($375-$300)

Customer price for service $150

Less: (20%*$150)max exclusion (30)

($150-$30=$120)

Employee price 120

INCOME 0

($120-$120=$0)

Therefore the amount that the employee must include in income from both these transactions in total is $75

8 0

3 years ago

The following information was available for the year ended December 31, 2016: Net sales $ 857,750 Cost of goods sold 609,550 Ave

mario62 [17]

Answer:Inventory turnover = 3.50 Times

Number of days sales in inventory= 94.5 Days

Accounts Receivable Turnover = 21.5 Times

Number of days sales in accounts receivable =12.5 days

Explanation:

a) Inventory turnover = Cost of goods sold / Average inventory

$609,550 / $174,000 = 3.50 Times

b)Number of days sales in inventory = inventory at year end / Cost of goods sold x 365

$157,800 / $609,550 x 365 = 94.49≈94.5 Days

.

c)Accounts Receivable Turnover = Net sales / Average accounts Receivable for the year

$857,750/$39,900 = 21.49≈ 21.5 Times

d)Number of days sales in accounts receivable = end of year Accounts Receivable / Net credit sales x 365

$29,400 / $857,750 x 365 = 12.51 ≈ 12.5 days

8 0

3 years ago