1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bearhunter [10]
3 years ago
7

How has the 'gig economy' impacted variable and fixed costs for businesses?

Business
1 answer:
shtirl [24]3 years ago
6 0

Answer:

Throughout the following explanatory section, the essence of this issue is explained.

Explanation:

The Gig economy would be the economy in which employees are temporarily recruited underemployment needs and needs. Throughout the labor market there have been no permanent workers, but freelance employment.

  • Unless the jobs are recruited on an exclusive system, the variable costs are subject to different conditions and if enough staff is recruited at a certain time, those variable costs would escalate throughout the terms of additional pay.
  • The certain fixed cost remains very similar, as variable costs adjust as employees increase or reduce, but fixed costs change accordingly.
You might be interested in
An important part of obtaining venture capital funding is going through ________ , which refers to the process of investigating
geniusboy [140]

Answer:

Due-diligence

Explanation:

Due diligence is the process of inspection by the venture capitalist to determine whether to invest in any company or not. In due diligence they gauge the potential of success of company and potential profitability. Due diligence process involves asking question to obtain important information to verification of  feasibility of business opportunity. The question is primarily involved around date from financial reports, legal aspects, any intellectual property possess, the assets and liability of company.

Since given in question key claims of business plan is being verified, therefore due diligence process is being followed in venture capital funding

5 0
3 years ago
Meenach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-ho
Masja [62]

Answer:

$861

Explanation:

Fixed predetermined overhead rate = Total fixed overhead cost/Total labor hours

= $ 74,000/74,000 = $ 1 PLH

Variable predetermined overhead rate = $ 3.10 PLH

Applied overhead rate = Fixed predetermined overhead rate + Variable predetermined overhead rate = $ 1 + $ 3.10 = $ 4.1 PLH

Applied overhead cost for Job X387 = Applied overhead rate x No. of labor hours required for job X387 = $ 4.1 x 210 = $ 861

8 0
4 years ago
Read 2 more answers
Jocko has a high school diploma and owns a corporation that nets over a million dollars a year. In view of this, what is the bes
Rudiy27

Answer:

Jocko is status inconsistent because his level of education, which is not consistent with his rank in property and power.

Explanation:

Status inconsistency occurs when the social position has both negative and positive impact on his social status.

It occurs when an individual is socially respected in one way and not another. For example a teacher may earn small amount of money but he is respected in society as a learned person.

Status in insistence occurs as a result of profession, income, education and social circles.

In this scenario Jocko has a high school diploma and owns a corporation that nets over a million dollars a year.

His income makes him someone that is highly respected in society, however educationally he will not have as much respect because he only has a diploma.

3 0
4 years ago
Cheyenne Enterprises manufactures Nuts and Bolts from a joint process (cost = $90,000). Five thousand pounds of Nuts can be sold
Klio2033 [76]

Answer:

$36,000

Explanation:

Joint process cost =$85000

Allocation of Joint cost using relative sales value method:-

Sales value of Nuts = 5,000 pounds × $20 per pound

                                = $100,000

Sales value of Bolts = 10,000 pounds × $15 per pound

                                 = $150,000

Total sales value = $100,000 + $150,000

                             = $250,000

Joint cost allocate to Nuts:

= (Total Joint cost ÷ Total relative sales value) × Sales value of Nuts

= ($90,000 ÷ $250,000) × $100,000

= $36,000

6 0
3 years ago
The following information is available for electricity costs for the last six months of the year: Month Production Volume Electr
Mama L [17]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

February 1,000 $1,700

March 2,200 $4,000

April 2,000 $3,200

May 1,630 $3,100

June 1,240 $2,600

July 1,340 $3,020

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (highest activity units - Lowest activity units)

Variable cost per unit= (4,000 - 1,700) / (2,200 - 1,000)= $1.92

8 0
3 years ago
Other questions:
  • Billie Jean has $120 to spend and wants to buy either a new amplifier for her guitar or a new mp3 player to listen to music whil
    14·1 answer
  • Which of the following is a federal government agency
    7·1 answer
  • Andy Roddick is the new owner of Ace Computer Services. At the end of August 2014, his first month of ownership, Roddick is tryi
    15·1 answer
  • If you entered the data into the incorrect cells, you can move the data easily instead of deleting and retyping. True False
    8·2 answers
  • Discounting cash flows involves
    5·1 answer
  • On January 1, 2019, Castle Services issued $167,000 of six-year, 12% bonds when the market interest rate was 1 1 %. The bonds we
    6·1 answer
  • Can I buy 100 stocks?​
    10·1 answer
  • The inventory turnover ratios for Proctor and Gamble over the past three years are 5.09, 5.72, and 5.92 times, respectively. Exp
    13·1 answer
  • Does increasing average payment period decrease operating cycle
    14·1 answer
  • investigating the cost-effectiveness of operative versus nonoperative treatment for distal radius fractures
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!