Answer:
The name of the process here is collective bargaining.
Explanation:
Collective bargaining can be defined as a process of negotiation between management ( or employers ) and the group of workers ( labor unions in most cases ), where the main objective is to come on an agreement regarding regulating salaries of employees, better working environment and various other aspects of workers compensation and rights for the workers. Most commonly he interest of workers are represented by trade unions .
Answer:
A) I can calculate by what percentage mydeco's revenues grew from 2012 to 2016.
total revenue 2012 = $402.5 million
total revenue 2016 = $606.4 million
change in revenue = ($606.4 - $402.5) / $402.5 = $203.9 / $402.5 = 50.66%
B) net income grew by:
net income 2012 = $18.1 million
net income 2016 = $27.4 million
change in net income = ($27.4 - $18.1) / $18.1 = $9.3 / $18.1 = 51.38%
C) For the years 2012 and 2016 the net income was very similar to total revenue, but that didn't happen during 2014 and 2015 since revenues increased, but net income decreased. The problem that mydeco faced during those years was that their costs, both COGS and sales and marketing costs increased by a much larger proportion than revenue. This is specially true for sales and marketing costs that increased almost 50% (between 2012 -2015) while revenues increased only 25%. Probably the company had to invest a lot of resources to rebound their sales since they plummeted in 2013.
Answer:
cash 7,600
nearned revenue 7,600
cash 7,300
refundable deposist 7,300
cash 57,100
refundable deposist 7,300
unearned revenue 7,600
service revenue 76,000
sales tax expense 45,600
state tax payable 30,400
local tax payable 15,200
Explanation:
(1) as the services are not yet perform, this is a liability for Chicago Glass Corportation. It assumes to obligation of do this services.
(2)This will be refund once the job are complete and the containers returned in good form
(3) 72,000 - 7,600 = 64,400 - 7,300 = 57,100
Chicago deduct rom the invoince the previous payment and the refundable deposits once the transaction is finished.
(4)
760,000 x 4% = 30,400
760,000 x 2% = 15,200
30,400 + 15,200 = 45,600
Answer:
c. is a problem that exists in every economy.
Explanation:
Scarcity is shortage of supply with respect to demand.
This arises because of (causes) : Unlimited Wants, Limited resources having alternative uses.
Scarcity is a problem of each & every economy : underdeveloped, developing or developed economy. Eg - Developed Economy like US might be labour scarce, capital abundant & Developing Economy like India might be capital scarce, labour abundant.
This leads to (effects) : 3 Central Problems of Economy - What to produce , How to produce , For Whom to Produce .
