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2 years ago

Omar and Janet decide to revise their budget for Rings and Things. What suggestions about labor

Business

1 answer:

Citrus2011 [14]2 years ago

5 0

Answer:

Review labor costs downwards

Explanation:

Janet and Omar should consider revising their budget for labor downwards. In the current state, labor costs are $1000, which is approximately 57 percent of all costs. As a rule of thumb, labor costs should be between 25 to 35 percent of total costs. This implies that Janet and Omar's labor costs are very high in relation to the other costs.

Janet and Omar should aim for a profit. Ideally, a 25 to 30 percent profit is a good target for such a business. For this to happen, they need to cut down labor to between $300 to a maximum of $400.

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On july 1, shady creek resort borrowed $280,000 cash by signing a 10-year, 9.5% installment note requiring equal payments each j

Diano4ka-milaya [45]

Answer:

$26,600

Explanation:

the total amount of interest expense included in the first annual principal (or any annual payment actually) = principal's balance x yearly interest rate

$280,000 x 9.5% = $26,600

the principal's balance after the first payment = $280,000 - $26,600 = $253,400

the interest expense included in the second payment = $253,400 x 9.5% = $24,073

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2 years ago

An optimizing consumer will select the consumption bundle in which the :

padilas [110]

Answer:

c. marginal rate of substitution is equal to the relative price ratio of the goods.

Explanation:

we know that the costomer MRS = Px/Py , where x and y are the two goods.

MRS(x,y) = MUx/MUy = Px/Py

Therefore, The marginal rate of substitution is equal to the relative price ratio of the goods.

4 0

2 years ago

Suppose that the price of labor (PL) is $10 and the price of capital (PK) is $20. What is the equation of the isocost line corre

gayaneshka [121]

Answer:

$100 = $10PL + $20PK

Explanation:

Computation for the equation of the isocost line

Using this formula to compute the equation of the isocost line

Total cost=Price of labor (PL)+Price of capital (PK)

Where,

Total cost=$100

Price of labor (PL)=$10

Price of capital (PK)=$20

Now Let plug in the formula to compute the equation of the isocost line

$100 = $10PL + $20PK

Therefore the equation of the isocost line corresponding to a total cost of $100 will be $100 = $10PL + $20PK

8 0

2 years ago

The difference between the highest and lowest scores in a distribution is the

tiny-mole [99]

I think its the mean...........

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2 years ago

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TJ Vargas signed the back of his checks for deposit and then lost them on the way to the bank. When he contacted the issuers of

Diano4ka-milaya [45]

Answer:

c. For Deposit Only (3846933720). Midwest Bank. TJ Vargas.

Explanation:

When TJ Vargas signed on the back of the check for deposit, he did not specify a particular bank account or was to be paid to.

If a fraudster stole the check and put another account number, the bank will be obligated to transfer to the account they see on the back of the check.

To ensure the endorsement instructs the bank pay only to his account he has to sign for deposit and in addition provide the account to be credited.

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2 years ago