Answer:
Internal recruitment
Explanation:
Internal recruitment is when a company sources for qualified candidates from its internal workforce instead of from outside the organisation. For example if there is opening for an accountant, the company can advertise internally for all qualified accountants to apply.
Internal recruitment has the advantage of less culture shock and little training on how the organisation functions.
In this instance human resource (HR) department of Wardund, an event management company, sent emails to all the employees of the firm, inviting qualified candidates to apply for the position of business development manager in the company.
Published “The Nature of the Firm” According to Coase's Theory of the firm, firms exist because going to the market all the time can impose heavy transaction costs.<span>Firms exist to economize on the cost of coordinating economic activity.
</span><span>Increasing marginal costs of organizing more transactions within the firm and <span>decreasing returns of managerial ability (knowledge, computation limits..) are the boundaries of the firm.</span></span>
Answer:
Given that,
P = 200,000 – 2 Q
Q = number of cars sold per year
P is in $/car
Selling price = $ 75,000
Subsidy = $ 5,000
Equating the demand curve to the price,
200,000 - 2Q = 75,000
2Q = 200,000 - 75,000
2Q = 125,000
Q = 62,500
Without subsidy,
Price = $ 75,000
Quantity demanded = 62,500.
When a subsidy of $ 5,000 is paid then the price paid by buyers will be equal to $ 70,000.
200,000 - 2Q = 70,000
2Q = 130,000
Q* = 65,000
Consumer surplus (without subsidy)
= 0.5 × 125,000 × 62,500
= $ 3,906,250,000
Consumer surplus(with subsidy)
= 0.5 × (200,000 - 70,000) × 65,000
= $ 4,225,000,000
Change in consumer surplus = Consumer surplus(with subsidy) - Consumer surplus (without subsidy)
= 4,225,000,000 - 3,906,250,000
= - $ 318,750,000
Answer:
Income Statement For the Year Ended 2014 $
Revenue 2,984,000
Cost of Goods Sold (1,419,000)
Gross Profit 1,565,000
Selling, general, and administrative expenses (454,000)
Earnings before Interest and Tax 1,111,000
Interest Expense (288,000)
Profit before Tax 823,000
Tax Expense (318,000)
Profit After Tax 505,000
Operating Cash Flows $
Earnings before Interest and Tax 1,111,000
Depreciation 258,000
Interest Expense (288,000)
Tax Expense (318,000)
Cash Flow from Operating Activities 763,000
Explanation:
Revenue is an income statement item which is reported at the top. Cost of Goods Sold is deducted from revenue to find out Gross Profit. After the Gross Profit is derived then we deduct Selling and Administrative cost. We can now have Earnings before Interest and Tax (EBIT). Interest Expense is deducted from the EBIT. We derived Profit before Tax. After that we deduct Tax Expense and we can have Profit After Tax.
Operating cash flows starts with Earnings before Interest and Tax. We add back Depreciation and deduct interest expense and Tax expense. Cash flow from Operating Activities is derived.