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Reptile [31]
2 years ago
7

discuss the costs and benefits associated with statistical versus judgmental forecasts for labor supply. under what condition mi

ght either of these technique be infeasible? under what conditions might both be feasible, but one more desirable than the other?​
Business
1 answer:
patriot [66]2 years ago
8 0

Answer:

The two methods used to forecasting labor demand and supply are: Statistical Method and Judgmental Method.

The Statistical method collects previous historic data regarding company's demand and supply for qualified employees and provides forecasting for the particular period. It is feasible when other factors remain same in the organisation. It is not feasible when the organisation changes its objectives, mission and vision etc

<u>Cost and Benefit</u>

It prevents future shortage of qualified employees

It avoids disruption over operation

The Judgmental method is when the company follow judgmental method, that is it is based on manager's experience of conducting survey to estimate employees requirements on future operation.

It is feasible for small and medium size organisation for short term forecast. It

<u>Cost and Benefit</u>

It avoids short-run shortage of employees

It avoids short-run surplus of employees.

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The partnership of Larson, Norris, Spencer, and Harrison has decided to terminate operations and liquidate all business property
Volgvan

Answer:

          LARSON, NORRIS, SPENCER AND HARRISON

PREDISTRIBUTION PLAN FOR LIQUIDATING PARTNERSHIP

ASSET

Cash                           $28,250

liquidating expense   <u> (8,000)    </u>             20,250

Account receivable                                   44,000

inventory                                                    39,000

land and building                                       23,000

Equipment                                               104,000

Total Asset                                              230,250

Liabilities                                              <u>    (47,000)</u>

Net asset                                                 183,250

Asset to be distributed as follows:

Larson(15,000 - 1600)   13,400          

Norris(60,000 -2400)    57,600                        

Spencer(75,000 - 1600)  73,400                

Harrison(41,250-2400)      38,850            <u> ( 183,250)</u>

                                                                   <u>        0      </u>

Loss                                                        

share of liquidation expenses

Larson = 20%*8000 = 1600

Norris = 30%*8000 = 2400

Spencer = 20%*8000= 1600

Harrison = 30%*8000 = 2400

Explanation:

4 0
3 years ago
Check out this cube: The figure presents a cube. The length of one edge is labeled as 4 units The figure presents a cube. The le
Olenka [21]

Answer:

The surface area of the cube is 96 squared unit.

Explanation:

The surface area of a cube is the addition of the area of each surfaces. The surface net of the cube illustrates that it has 6 squares of 4 unit length each.

So that,

 Area of a square = length × width

But, length = width

⇒ Area of a square  = (length)^{2}

                              = (4)^{2}

                              = 16

Area of one of the squares of the cube is 16 squared unit.

Surface area of the cube = number of squares × Area of one of the squares of the cube

                                          = 6 ×16

                                          = 96 squared unit

The surface area of the cube is 96 squared unit.

4 0
3 years ago
In Lopez Company, total material costs are $36,400, and total conversion costs are $55,080. Equivalent units of production are m
Elina [12.6K]

Answer:

Material cost per unit = $3.64

Conversion cost per unit = $4.59

Manufacturing cost per unit = $8.23

Explanation:

1. Calculate the unit cost for materials:

Material cost per unit = \frac{36,400}{10,000}

Material cost per unit = $3.64

2. Calculate the unit cost for conversion costs:

Conversion cost per unit = \frac{55,080}{12,000}

Conversion cost per unit = 4.59

3. Calculate the total manufacturing costs:

Manufacturing cost per unit = Material cost per unit + Conversion cost per unit

Manufacturing cost per unit = $3.64 + $4.59

Manufacturing cost per unit = $8.23

3 0
3 years ago
What is the major difference between the unadjusted trial balance and the adjusted trial balance?
Dahasolnce [82]

A. the adjusted trial balance includes the postings of the adjustments for the period in the balance of the accounts.

The adjusted trial balance includes things like accrued revenues that weren't yet recorded, depreciation, unearned revenues and more.

8 0
2 years ago
FDR altered the direction of the nation's economic direction. What were the causes of the Depression? Discuss the cornerstone po
Dima020 [189]

Answer:

The causes of the Great Depression were many and varied, but the impact was visible across the country. By the time that FDR was inaugurated president on March 4, 1933, the banking system had collapsed, nearly 25% of the labor force was unemployed, and prices and productivity had fallen to 1/3 of their 1929 levels.

Later, a second New Deal was to evolve; it included union protection programs, the Social Security Act, and programs to aid tenant farmers and migrant workers. ... In the long run, New Deal programs set a precedent for the federal government to play a key role in the economic and social affairs of the nation.

Explanation:

The Great Recession—sometimes referred to as the 2008 Recession—in the United States and Western Europe has been linked to the so-called “subprime mortgage crisis.” Subprime mortgages are home loans granted to borrowers with poor credit histories. Their home loans are considered high-risk loans.

6 0
3 years ago
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