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3 years ago

Summarize the relationship between knowledge and skill and the level of wages in the labor

Business

2 answers:

brilliants [131]3 years ago

8 0

Answer:

The relationship between knowledge and skill is easy to explain. If you have the knowledge (college degree) then companies will probably hire them because even if they don't have the skill, they are credible and can still be taught. Someone with skill but no degree is viewed as not as valuable.

Explanation:

Mrac [35]3 years ago

7 0

Just as in any market, the price of labor, the wage rate, is determined by the intersection of supply and demand. When the supply of labor increases the equilibrium price falls, and when the demand for labor increases the equilibrium price rises.

You might be interested in

A marketing channel is defined as a group of individuals and organizations that

lisabon 2012 [21]

Correct/complete Question:

A marketing channel is defined as a group of individuals and organizations that

a. consumes about one-half of every dollar spent on products in the United States.

b. directs the flow of products from producers to customers.

c. links producers to other marketing intermediaries.

d. manages transportation and warehousing functions.

e. takes title to products and resells them.

Answer:

B, directs the flow of products from producers to customers.

Explanation:

A marketing channel refers to the persons and activities that are involved in the movement or transfer of goods from the manufacturer to the consumer within the supply chain.

It can also be said to a network of distributing good and services

I hope this helps.

3 0

3 years ago

The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below:1st Quarter 2nd Quarter 3rd Quarter 4t

saw5 [17]

Answer:

Total cost= $392,500

Explanation:

Giving the following information:

1st Quarter= 24,000 units

2nd Quarter= 25,000

3rd Quarter= 21,000

4th Quarter= 22,000

The company's variable selling and administrative expense per unit is $2.30.

Fixed selling and administrative expenses include advertising expenses of $9,000 per quarter, executive salaries of $44,000 per quarter. Also, the company will make insurance payments of $4,000 in the first quarter and $4,000 in the third quarter. Finally, property taxes of $8,600 will be paid in the second quarter.

We will assume that insurance and taxes are for offices and properties of the selling and administrative department.

1st quarter:

Variable cost= 2.3*24,000= 55,200

Fixed expense= 9,000 + 44,000= 53,000

Insurance= 4,000

Total= $112,200

2nd quarter:

Variable cost= 2.3*25,000= 57,500

Fixed expense= 9,000 + 44,000= 53,000

Property taxes= 8,600

Total= $71,400

3rd quarter:

Variable cost= 2.3*21,000= 48,300

Fixed expense= 9,000 + 44,000= 53,000

Insurance= 4,000

Total= $105,300

4th quarter:

Variable cost= 2.3*22,000= 50,600

Fixed expense= 9,000 + 44,000= 53,000

Total= $103,600

Total cost= $392,500

7 0

3 years ago

If real GDP in a year was $3,900 billion and the price index was 130, then nominal GDP in that year was approximately

Eddi Din [679]

Answer:

$5,070 billion

Explanation:

Given the following:

The real GDP in a year => $3,900 billion

The price index => 130,

The nominal GDP is measured as

=> 100 -130 = 30%

=> 30% × 3,900 = 1,170

=> 1,179 + 3,900 = 5,070

Therefore, in this case, the correct answer is $5,070 billion as the nominal GDP for the year.

6 0

3 years ago

Concord Corporation’s balance sheet at the end of 2019 included the following items. Current assets (Cash $82,000) $236,770 Curr

xenn [34]

Answer:

Cash flow generated for the year: 71,790

Explanation:

From the information given we use the indirect method, we adjust net income for the non-monetary terms and then, adjust for the changes in working capital

The sale of assets will be enter under investing activities for the cash received regardless of the gain/loss at disposal

the stock transactions are considered financing from the firms perspective.

Operating Activities:

Net income 60,100

depreciation 16,540

loss at disposal 230

(21,770 - 9,770 = 12,000 against 11,770)

amortization 2,500

adjusted income: 79,370

changes in working capital:

increase in current assets: (29,000)

increase in current liabilities: 14,770

net change in working capital 14,230

from operating activities: 93,600

Investing Activities

sale of equipment 11 ,770

purchase of stocks (16,000)

Building improvements (28,770)

from investing activities (33,000)

Financing Activities

Issuance of bonds payable 52, 190

Cash dividends (30,000)

Purchase of treasury Stocks (11, 000)

from financing activities 11, 190

Cash flow generated for the year:

93,600 - 33,000 + 11,190 = 71,790

5 0

4 years ago

Compare and contrast gross earnings and net pay

Savatey [412]

Gross earnings is your total income earned without the deductions in place.
Net pay on the other hand is your total income plus tax deduction.

7 0

3 years ago

Read 2 more answers