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2 years ago

1.2 Explain the concept of the labour market to a Grade 12 school-leaver. Give a

Business

1 answer:

Marianna [84]2 years ago

6 0

Answer:

The labor market is the phrase used to describe the supply of labor by employees and demand of labor by the employers as such there is an interaction between the workers and the employers where wage is paid to the workers by the employers for the labor the workers supplied

Being educated gives an employee the capacity to be more productive and gives an indication of the potential of prospective employees to recruiters and employers. Therefore, qualifications attained are an advantage when seeking employment alongside many several other job seekers

Therefore, a grade 12 school-leaver competing for a job alongside several others with similar or tertiary education is less likely to secure a desired job or vocation

However, with a tertiary education, such job seekers would more readily convince recruiters about their ability to satisfactorily perform their desired job

Explanation:

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The completion of separate depreciation schedules for each of the alternative depreciation methods is as follows:

<h3>a. Straight-line Method:</h3>

Year Cost Annual Depreciation Accumulated Net Book

Depreciation Value

Year 1 $20,000 $4,455 $4,455 $15,545

Year 2 $20,000 $4,455 8,910 11,090

Year 3 $20,000 $4,455 13,365 6,535

Year 4 $20,000 $4,455 17,820 2,180

<h3>b. Units-of-production Method:</h3>

Year Cost Annual Depreciation Accumulated Net Book

Depreciation Value

Year 1 $20,000 $7,128 $7,128 $12,872

Year 2 $20,000 $5,346 12,474 7,526

Year 3 $20,000 $3,564 16,038 3,962

Year 4 $20,000 $1,782 17,820 2,180

<h3>c. Double-declining-balance Method:</h3>

Year Cost Annual Depreciation Accumulated Net Book

Depreciation Value

Year 1 $20,000 $10,000 $10,000 $10,000

Year 2 $20,000 $5,000 15,000 5,000

Year 3 $20,000 $2,500 17,500 2,500

Year 4 $20,000 $320 17,820 2,180

<h3>Data and Calculations:</h3>

Cost of asset = $20,000

Residual value = $2,180

Depreciable amount = $17,820 ($20,000 - $2,180)

Estimated productive life = 4 years or 9,900 hours

<h3>Annual depreciation rates:</h3>

Straight-line method = $4,455 ($17,820/4)

Units-of-production Method per unit = $1.8 ($17,820/9,900)

Double-declining-balance Method rate = 50% (100/4 x 2)

Learn more about depreciation methods at brainly.com/question/25806993

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3 0

1 year ago

Frank, the CEO of an American production company, negotiated an opportunity with a television provider in India. After the negot

In-s [12.5K]

Answer:

The contract would be described as <em>International Contract.</em>

Explanation:

<em>International Contracts: </em>International contracts refers to a legally binding agreement between parties based in different countries, in which they are obligated to do or not do certain things. International contracts may be written in a formal way such as the example of Frank contracting an Indian television provider.

Consequently, Frank and the Indian television provider having entered into a contract, are governed by international contract law unless they agree to abide by the laws of one of the US and India.

Moreover, <em>International sales contracts </em>are governed by the <em>United Nations Convention on Contracts for the International Sale of Goods (CISG) from 1980.</em>

8 0

3 years ago

Read 2 more answers

A homeowner paid $85,000 for a house three years ago. The house sells today for $110,000. How much has the property appreciated?

Dima020 [189]

Answer:

Option (a) is correct.

Explanation:

Amount paid for house three years ago = $85,000

Selling price of house today = $110,000

Therefore,

Property appreciated by following percentage:

= (change in value ÷ Amount paid for house three years ago) × 100

= [($110,000 - $85,000) ÷ $85,000] × 100

= ($25,000 ÷ $85,000) × 100

= 0.2941 × 100

= 29.41%

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3 years ago

Maddy has been performing at a very high level at a firm, and so when two of her colleagues who are currently leading other deve

tatuchka [14]

<span>The second team is currently in the requirements phase of their project. In this phase, the team would plan and spell out exactly what is required of the system that they are constructing. This phase comes with heavy input from stakeholders who help define the scope and nature of the project.</span>

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2 years ago

So its customers would not be lured by its competitors, wendy's decided to offer a 99-cent value menu to compete with the value

Alexandra [31]

This is an example of COMPETITION element of the immediate environment.
In marketing, there are three elements of consumers' immediate environment, these are: company, competition and corporate partners. These three elements works together and directly determine the performance of a company in a particular place. In the scenario given in the question, Wendy decided to offer the 99 cent value menu purposely to attract more consumers than its competitors.

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2 years ago