Answer:
Two ways I would improve productivity would be to increase labor and create incentives. By increasing labor, you'd have more opportunities to keep people at a specified area that they are competent in. If you were to create positive incentives for the workforce, people are more likely to work harder and increase the company's productivity.
Explanation:
Answer:
True
Explanation:) hope this helps
Supply and demand affect career wages. A job that is in demand is a job with a good outlook. Everyone should try to be an NFL quarterback because they earn so much money.
Both Smith and Ricardo believed that, in a competitive market, product prices reflect "the cost of labor necessary to produce the products".
<u>Answer:</u> Option D
<u>Explanation:</u>
When there are a lot of manufacturers competing to provide the goods and services required for consumers, this is understood as "a competitive market". No single producer or customer can specify the market within a competitive market. It shares five traits: gain, diminishability, rivalry, exclusion, and rejectability. The wheat market is often drawn as an instance of a competitive market, as there are many manufacturers, and by increasing or decreasing its output, no single producer can impact the market price.
Answer:
The estimated amount of depreciation expense is $1,500
Explanation:
Depreciation means a permanently and continuous diminution in value or quaof a tangible non-current asset. Depreciation occurs over several years. Every year a non-current asset is used, the price of that asset reduces drastically. There are various methods used to solve the rate of depreciation. There is the straight line method and reducing balance method. The question requires to be solved using the straight line method.
The formula for solving depreciation using a straight line method is ; (Cost less Estimated scrap value) ÷ Number of expected years of use.
Replacing with figures, we have: ($8,000 - $500) ÷ 5 years = $1,500. Therefore, $1,500 is our estimated amount of depreciation expense.
