I think the labor market is the nominal market in which workers find paying work, employers find willing workers, and wage rates are determined.
The total cost is $175.
The first thing that you need to do is calculate the per day cost per person.
$60 was spent on a three day trip. $60/2 = $20 per day. There were 4 adults on the trip, so $20/4 = $5. The cost of food is $5 per person per day.
On a trip with 7 adults the formula to solve the total cost is:
7 adults x 5 days x $5/day = $175.
Answer:
A) $0.075 variable and $450 fixed
Explanation:
to calculate Kendra's fixed and variable components using the high-low method we can use two separate formulas:
variable costs = (highest utility cost - lowest utility cost) / (highest output - lowest output) = ($1,200 - $600) / (10,000 - 2,000) = $600 / 8,000 = $0.075 per unit
fixed costs = highest cost - (highest output x variable cost) = $1,200 - (10,000 x $0.075) = $1,200 - $750 = $450
Answer:
The interest expense is $53887.8
Explanation:
Given the annual payment made by Blossom in the beginning of the year is $17000.
The interest expense have to determined:
The present value of lease payment = $708878
The payment made on the beginning of year = $170000
Outstanding principal amount as on 31 december 2021, 708878 – 170000 = $538878
Given effective interest rate is 10%
Now calculate the interest expense.
