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gtnhenbr [62]
2 years ago
15

A union might increase the demand for the labor services of its members by Multiple Choice decreasing the demand for the product

it is producing. decreasing the prices of complementary inputs. decreasing the prices of substitute inputs. increasing the prices of complementary inputs.
Business
1 answer:
Finger [1]2 years ago
7 0

Answer:

The correct answer is decreasing the prices of complementary inputs

Explanation:

According to the given scenario, in the case when the union might rise the demand with regard to labor services for its members so here the goods i.e. complementary its prices are reduced due to which there is an increase in demand as the goods i.e. complementary would be cheaper as compared to before

Therefore The correct answer is decreasing the prices of complementary inputs

You might be interested in
The accountant for Eric's Plumbing Equipment Company recently made a journal entry consisting of a debit to Work in Process and
lara31 [8.8K]

Answer:

The use of raw material in the production process

Explanation:

The journal entry for recording the raw material used for the production process is shown below:

Work in Process Inventory A/c Dr XXXXX

        To  Raw Materials Inventory A/c XXXXX

(Being the raw material used for the production process is recorded)

For recording this transaction, we debited the Work in Process inventory account and credited the Raw Materials Inventory account

5 0
2 years ago
wants to have a weighted average cost of capital of 9.0 percent. The firm has an after-tax cost of debt of 6.0 percent and a cos
kogti [31]

Answer:

33.33%

Explanation:

WACC can be calculated using the following formula:

WACC = Ke * (E/V)       +    Kd(1-T) * (D/V)

Here

V = Market Value of Equity + Market Value of Debt

Or simple we can write it as:

V = E + D

kd(1-T) is after tax cost of debt which is given in the question and is 6%.

Ke = 9% cost of equity

WACC = 9%

So by putting values we have:

9% = 11% * (E/V) +  6% * (D/V)

Which means:

0.09 = 0.11(E/V) +  0.06(D/V)

By multiplying by (V/E), we have:

0.09(V/E) = 0.11 + 0.06(D/E)

As we know that the V/E is just the equity multiplier, which is equal to:

V/E = 1 + D/E

So by putting value we have:

0.09(D/E + 1) = 0.11 + 0.06(D/E)

Now, we can solve for D/E as:

0.09(D/E) + 0.09 = 0.11 + 0.06(D/E)

0.09(D/E) - 0.06(D/E) = 0.11 - 0.09

0.03(D/E) = 0.03

(D/E) = 0.02 / 0.03 = 33.33%

4 0
2 years ago
On March 31 a company needed to estimate its ending inventory to prepare its first quarter financial statements. The following i
lukranit [14]

Answer:

Using the gross profit method, the cost of goods sold would be:

$42,500

Explanation:

Gross margin ratio of the company is 15%. Refer the formula:

Gross margin = Gross profit/Revenue (or net sales)

= (Net sales- Cost of good sold)/Net sales

Using the gross profit method and from the formula,

Cost of good sold = Net sales - Net sales x Gross margin

= Net sales x (1 - Gross margin)

=  $50,000 x (1-0.15) = $50,000 x 0.85 = $42,500

6 0
3 years ago
Suppose you bought two pieces of land for $100,000 each, the first piece has permanently appreciated in value and is now worth $
podryga [215]

Answer:

Option B

Explanation:

Applying conservatism and the historical cost principles, we would you account for the change in the value of the two pieces of land as leave the first piece of land at $100,000 and write the second down to $75,000 because conservatism and historical cost principles suggest us to anticipate and record the future losses rather than future gains.

3 0
2 years ago
When the price of a bar of chocolate is $1.00, the quantity demanded is 100,000 bars. When the price rises to $1.50, the quantit
Bas_tet [7]

Answer:

a. -1.25

b. -1.25

Explanation:

Price elasticity is used to measure the change in demand as a result of a change in price.

Formula is;

= % change in Quantity/ % change in Price

a. Suppose the price increases from $1.00 to $1.50. The price elasticity of demand is:

% change in Quantity using the midpoint formula;

=\frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } \\\\= \frac{60,000 - 100,000}{\frac{100,000 + 60,000}{2}} \\\\= -0.5

% Change in Price using midpoint formula

=\frac{P2 - P1}{\frac{P1 + P2}{2} } \\\\= \frac{1.5 - 1.00}{\frac{1.00 + 1.50}{2} } \\\\= 0.4

= -0.5/0.4

= -1.25

b. Suppose the price decreases from $1.50 to $1.00. The price elasticity of demand is:

% change in Quantity using the midpoint formula;

=\frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } \\\\= \frac{100,000 - 60,000}{\frac{100,000 + 60,000}{2}} \\\\= 0.5

% Change in Price using midpoint formula

=\frac{P2 - P1}{\frac{P1 + P2}{2} } \\\\= \frac{1.00 - 1.50}{\frac{1.00 + 1.50}{2} } \\\\= -0.4

= 0.5/-0.4

= -1.25

7 0
3 years ago
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