All categories

3 years ago

Scenario:

Business

1 answer:

svet-max [94.6K]3 years ago

5 0

Answer:

If the firms want to maximize profit and they are price takers, they will eventually start hiring more women. Since the demand for female workers is lower, the price of their labor should also be lower. That means that if a firm wants to maximize its profits, it will need to decrease its costs. A way to decrease a company's costs is to hire cheaper labor.

You might be interested in

Which of the following best describes a summary

ki77a [65]

Depend on what summary you're talking about

in movies, Summary is a brief/short explanation about the movies or account some of the main points of the movie

In Law, Summary is a Judicial Process which conducted without the customary legal Formalities

7 0

3 years ago

Thornton Camps, Inc. leases the land on which it builds camp sites. Thornton is considering opening a new site on land that requ

Alona [7]

Answer:

$20.

Explanation:

So, we have the following important data or parameters the are going to help us or assist us in solving this particular Question or problem.

(1). Total number of customers served campers = 6600.

(2). Rental payment per month = $3,300.

(3). Total number of months = 12 months( that is January to December).

(4). "The variable cost of providing service is expected to be $5 per camper"

So, let us delve right into the solution of the question.

Step one: determine the fixed cost per unit. The fixed cost per unit can be determined by following the formula below;

Fixed cost per unit = (rental payment pee month × number of months) ÷ total number of campers.

Thus, the fixed cost per unit = $3,300 × 12) ÷ 6,600.

The fixed cost per unit = 6.

STEP TWO: The next thing to do now is to determine the price it should charge for a camp site in February and August.

Kindly note that this the price that it should charge for a camp site in February and August are going to be the same.

Therefore, the price it should charge for a camp site in February and August = $6 + $5 + $9 = $20.

4 0

3 years ago

"A justification/recommendation report would be written to evaluate which equipment to buy. Justification reports are always ind

Gala2k [10]

Answer and Explanation:

The type of report best-suited for studying available options is the feasibility report. These reports are prepared either internally or by hired consultants to study the various options available before taking a decision. Costs and benefits of each available option is weighed in and technical / financial viability is measured.

It is organised indirectly to include the subject of the study, the decision, background information of they problem, the evaluation of positive and negative options of proposed solutions, costs and schedules for implementation of the solution are outlined.

Amongst the three given answers in the question, the closest report that studies the available options is

6 0

4 years ago

"A small grocery store has three employees working each shift, but they only" have one checkout register. Depending on which emp

serg [7]

Answer:

establishment of responsibility

Explanation:

One of the principles of control activities is establishment of responsibility. This establishment of responsibilty means that an employee is meant to have a level of responsibilty for his work as well as decisions taken.

From the question, it can be seen that the use of one register by three worker working diffeent shifts ensure a lack of responsibilty on the part of the workers. This is because if each of the workers had seperate registers for entering customer check out, there would be more responsibilty from the workers in discharging their duties as any mistakes will be owned by each worker.

Cheers.

8 0

3 years ago

At January 1, 2017, Hennein Company had plan assets of $280,000 and a projected benefit obligation of the same amount. During 20

Nezavi [6.7K]

Answer:

The Pension schedule is prepared in the workings as requested.

Explanation:

The question is to Prepare a Pension Worksheet for Hennein Company for 2017

HENNEIN COMPANY

PENSION WORKSHEET FOR 2017

General Journal Entry Memo Record

Item Pension Cash Pension Defined Plan

Expenses Asset/Liab Benefit Assets

Obligation

Jan 1, 2017 280,000 CR 280,000 Dr

Service Cost 27,500 DR 27,500 CR

interest Cost 28,000 DR 28,000 CR

Actual return 25,000 CR 25,000 DR

Contributions 20,000 CR 20,000 DR

Benefits 17,500 DR 17,500 CR

Journal Entry 30,500 DR 20,000 CR 10,500 CR

Dec. 31, 2017 10,500 CR 318,000 CR 307,500 DR

Note that the interest cost is as follows

280,000 x 10% = $28,000

3 0

3 years ago