Opportunity Cost = It is the cost that is to be sacrificed for achieving something else.
Given: -
Campus parking fess (class) = $4
Income earned through working for 4 hours in place of attending class = $40 ($10/hr)
Solution: -
Opportunity cost of attending class = $4 + $40 = $44.
Union members earn "about 20% more" than non-union members, even after adjusting for factors such as "years of work experience and education level.".
<h3>Who are Union and Non-Union members?</h3>
Workers who band together and use their collective power to have a say in the workplace create a union.
Labour union members can bargain with employers about pay, benefits, workplace health and safety, job training, and other work-related problems from a position of power through their union.
Employee involvement in corporate decision-making through representative organisations is known as non-union employee representation.
The reasons for union workers paid more are-
- Employees that are more productive get paid more - Unions assert that they may bargain for greater salaries for workers.
- In truth, higher pay rates result from employers in unionised organisations being more selective in the hiring process since they must find individuals who can produce more and do so with higher standards.
To know more about the roles of labour union, here
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Answer:
B) $ 485 $ 170
Explanation
The cost of goods manufactured includes all the manufacturing costs in a given period adjusting for changes in work in process balances. The total manufacturing costs are $ 630 but this results in an increase in work in process inventory by $ 145, so in other words, part of the total manufacturing costs have gone towards increasing the work in process balance.
So the cost of goods manufactured is $ 630 - $ 145 = $ 485.
The cost of goods sold is the cost of goods manufactured above adjusted for changes in finished goods.
so the cost of goods sold is $ 485 - $ 315 ( change in finished goods inventory) = $ 170.
Gossip occurs when Jen and Kathy talk about their coworker Ted.
Answer: 2016 = 28.18 %
2017 = 40.03 %
Explanation: Cost of goods sold as a percentage of net sales can be calculated as follows :-
so by putting the values into equation for the two years :-
year 2016
= 28.18 %
year 2017
= 40.03 %
