Answer:
To minimise cost, the firm should lay off worker and rent more computer as it give more output per dollar invested on it. This reduce the fixed cost of the company drastically and increase the production of the company. The marginal cost of production and marginal revenue are economic parameter, which help to determine the amount of output and price per unit of input that will maximise the profits. The point at which marginal revenue is equal to marginal cost maximise the profit.
Answer:
b wages, interest payments, rent, and profits
Explanation:
The GDP refers to the Gross domestic product which reflects the finalized market value of the goods and services that are to be produced within the country
Plus According to the factor payments, the GDP are to be calculated based on wages, interest payments, rents, and profits and the same is to be considered while calculating the GDP
<u>Effective use of logistics management techniques</u> is an example of a capability that is based in the functional area of distribution.
<u>Option: C</u>
<u>Explanation:</u>
An aspect of supply chain management that is utilized to fulfill consumer expectations by planning, monitoring and enforcing the efficient transportation and storage of relevant information, goods and services from source to destination, thus understood as a logistic management.
This is accompanied by a logistics approach that is a collection of guiding principles, attitudes and driving forces that will help you manage plans, priorities and initiatives through any supply chain among different partners. It allows companies to increase performance in the supply chain while enhancing supply chain management overall.
Given:
130,500 net pay to employees
19,000 income tax withholding
5,000 FICA withholding
130,500 + 19,000 + 5,000 + 5,000 = 159,500
<span>The total wages and payroll tax expense to the company for this pay period, excluding any unemployment taxes, is $159,500.
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The 5,000 is added twice because the first 5,000 is withheld from the employees salary as the employees share. The employer also has to pay off 5,000 as employer's share to the employee's FICA withholding. Thus, the presence of the 2nd 5,000.
FICA, <span> Federal Insurance Contributions Act,</span> is composed of
1) <span>6.2 % Social Security tax;
2) <span>1.45 % Medicare tax (the “regular” Medicare tax); and
3) 0.9 % of a Medicare surtax starting 2013 for employees earning over $200,000.
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Answer:
<em><u>Thus, micro-finance has become one of the most effective interventions for economic empowerment of the poor. Microfinance is an economic development approach that involves providing financial services, through institutions, to low-income clients, where the market fails to provide appropriate services (Kumudini, 2015).</u></em>
