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2 years ago

Why is labour productivity important for some businesses?

Business

1 answer:

Verizon [17]2 years ago

6 0

Answer:

Labor productivity is directly linked to improved standards of living in the form of higher consumption.

Explanation:

As an economy's labor productivity grows, it produces more goods and services for the same amount of relative work.

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Marcos launched a small business by inventing, patenting and commercializing a new hand tool. Big Co. has produced a cheaper kno

frosja888 [35]

Answer:

C) Hire a litigator who will agree to a contingent fee structure and require payment only if Marcos obtains a settlement or jury verdict.

Explanation:

Generally when lawyers agree to a contingent fee structure is because they are convinced their chances of winning are high. Lawyers will accept a fixed percentage of the amount recovered, usually this percentage is around 1/3 of the final settlement.

This type of agreement is very useful since you don't need to invest a lot of money, and the lawyer's pay comes from the money awarded by the jury (or a settlement).

6 0

3 years ago

The city of Brittainville’s Special Revenue Fund levied $350,000 in taxes, of which 1% was expected to be uncollectible during t

Arturiano [62]

Answer:

fund balance will increase by $404,000

Explanation:

Given data:

Fund levived in taxes $350,000

1% of fund expected to be uncollectible

Amount of fund collected $7500 as interest revenue

$ 50,000 transferred to general fund

As it is given 1% is uncollectible , remaining value would be

= $350,000- $3,500 (1% * $350,000)

= $346,500

The other inflows are $7,500 + $50,000,

Total inflow is = $57,500.

Total transaction = $346,500 + $57,500 = $404,000

8 0

3 years ago

This technique is an iterative process that identifies and defines the work to be completely accomplished in the near term, and

kiruha [24]

Answer:

The correct answer is: Rolling wave planning

Explanation:

Rolling Wave Planning refers to the technique or process of project planning or management in waves. This technique involves iterative planning with the progression of the project. It is used in case of a tight or strict schedule that has to be followed.

The planning of the work to be completed in near term, involves setting high level assumptions and milestones.

6 0

3 years ago

Use the cost information below for Laurels Company to determine the cost of goods manufactured during the current year: Direct m

Zanzabum

Answer:

$16,100

Explanation:

Add the total manufacturing costs for the year to determine the cost of goods manufactured during the current year. Also remember to account for change in work in process inventory.

3 0

2 years ago

The following planned figures have been developed by a buyer for next month: sales = $25,000; reductions = $1,500; BOM stock = $

sweet [91]

Answer:

The planned purchases are given as $34,500 while the value of OTB is $28,900

Explanation:

The Planned purchases is given as

Planned Sales + Planned Markdowns + Planned End of Month Inventory - Planned Beginning of Month Inventory = Planned Purchases

So here the planned sales are 25000

The planned Reductions are 1500

The End of Month inventory is 88000

The Beginning of Month Inventory is 80000 So the value is given as

25000+1500+88000-80000= Planned Purchases

Planned Purchases =34500

The OTB is given as

OTB=Planned Purchases-Commitment

OTB=34500-5600

OTB=28900

7 0

3 years ago