You want to invest money into your product but sell it for more money than what's is worth in tell you get back the money you invested into the business and then put the prices down on holidays to like dirt cheap to attracted more people then raise the price when it's over
To solve add up all of the product costs which include, factory supplies, administrative wages and salaries, direct materials and sales staff salaries.
$7,000 + $92,000 + $176,000 + $32,000 = $307,000
Explanation:
The computations are shown below:
a. The percentage change in nominal wages increase is
= ($23 - $14) ÷ ($14)
= ($9) ÷ ($14)
= 64%
b. The percentage change in consumer price increase is
= (254 - 170) ÷ (170)
= (84) ÷ (170)
= 49.41%
c. Now the real wages increase would be
For increase in real wages, first we have to find out the real wages i.e shown below:
= ($14 × 254) ÷ (170)
= $20.92
And, the current hourly wage rate is $23
So, the difference is
= $23 - $20.92
= $2.08
Now the increase in wage rate is
= ($2.08 ÷ $14) × 100
= 14.85%
Answer:
They both care for the well-being of people and they also keep people safe.
I'm assuming