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dsp73
2 years ago
15

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:

You might be interested in
Michael's Machine Shop reports the following information for the quarter.
Mandarinka [93]

Answer:

a. $26

b. $23

c. $34

d. $29

e. $21

f.  $11

g. $14

h. $11

Explanation:

a. Variable cost per unit.

Variable cost per unit = Variable Manufacturing Costs + Variable Non - Manufacturing Costs

                                    = $12 + $9 + $2 + $3

                                    = $26

b. Variable production cost per unit.

Variable production cost per unit = Variable Manufacturing Cost

                                                       = $12 + $9 + $2

                                                       = $23

c. Full cost per unit.

Full cost per unit = Manufacturing and Non - Manufacturing (Variable and Fixed)

                            = $12 + $9 + $2 + $3 + $47,500/23,750 units + $142,500/23,750 units

                            = $12 + $9 + $2 + $3 + $2 + $6

                            = $34

d. Full absorption cost per unit.

Full absorption cost per unit = Variable Manufacturing Costs + Fixed Manufacturing Costs

                                                = $12 + $9 + $2 + $6

                                                = $29

e. Prime cost per unit.

Prime cost per unit = Direct Manufacturing Costs'

                                = $12 + $ 9

                                = $ 21

f. Conversion cost per unit.

Conversion cost per unit = Direct Labor Costs + Overheads Costs

                                         = $9 + $2

                                         = $11

g. Contribution margin per unit.

Contribution margin per unit = Sales - Variable Costs

                                                = $ 40 - $26

                                                = $ 14

h. Gross margin per unit.

Gross margin per unit = Sales - Full absorption cost per unit

                                     = $40 - $29

                                     = $11

3 0
3 years ago
The following information relates to a company's defined benefit pension plan at December 31:Accumulated benefit obligation1,035
lawyer [7]

Answer:

B.$513,000

Explanation:

The pension liability of a company as at December 31, is to be calculated in the following manner:

Pension liability=Projected benefit obligation-Plan Assets(fair value)

                           =1,250,000-737,000

                           =$513,000

So based on the above discussion, the answer is B.$513,000

7 0
3 years ago
Jasper makes a $25,000, 90-day, 7% cash loan to clayborn co. jasper's entry to record the collection of the note and interest at
Irina-Kira [14]

Answer:

The journal entry is as follows:

Cash A/c Dr. $ 25,437.50

      To Notes Receivable A/c   $25,000

      To Interest revenue A/c     $437.50

(To record the collection of the note and interest at maturity)

Working notes:

Interest for 90 Days:

= Note value × Interest rate × Time period

= $25,000 × 0.07 × (90/360) days

= $437.50

5 0
3 years ago
On January 1, 2016, Lester Company purchased 70% of Stork Corporation's $5 par common stock for $600,000. The book value of Stor
Soloha48 [4]

Answer:D. $0

Explanation:

Goodwill is the excess of the purchasing price of a company value of indentifiable net assets.. The purchasing price in this example is less than the value of the.

3 0
3 years ago
What happens to your tax liability with proper financial planning?
Ilya [14]

Answer:

Minimize is the correct answer for plato users

Explanation:

3 0
3 years ago
Read 2 more answers
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