The answer to this question is "SPOKESPERSON". It is one of the roles that a small business manager may emphasize in comparison or as a counterpart in a large organization. This role will serve as the voice of the small business organization. She/He will speak and voice what the entire group what to mention and he will deliver the idea of the entire business as one.
Answer: a. 24.05 million
b. 66.99%
c. 4.62 million
d. 19.21%
Explanation:
a. Total Labor force is the sum total of people who are employed and those who are actively looking for work. The Bureau of Labor Statistics defines actively looking for work as looking for work int he past 4 weeks.
= Part-time workers + full time workers + those who looked for work in the past 2 weeks + those who looked for work in the past 2 - 4 weeks
= 4.9 million + 14.53 million + 2.90 million + 1.72 million
= 24.05 million
b. labor force participation rate is the percentage of a country's non-institutionalized working age population that are actively looking for work. Its formula =
X 100
Laborland's labor force participation rate (%) =
X 100
= 66.99%
c. Unemployed People by the standards of the Bureau of Labor Statistics are the people who have looked for work in the past 4 weeks and are still employed. That is those who looked for work in the past 2 weeks + those who looked for work in the past 2 - 4 weeks.
= 2.90 million + 1.72 million
= 4.62 million
d. Unemployment rate is the percentage of the labor force that are actively looking for work and are still out of work.
Unemployment rate =
x 100
=
x 100
=19.21%
If a firm can raise the market price by reducing its output, then It faces a downward-sloping demand curve.
If a superbly aggressive company increases its rate above the prevailing market fee, it'll lose its entire marketplace proportion, and income will lessen to 0.
Monopolists aren't allocatively efficient, due to the fact they do not produce at the amount wherein P = MC. As a result, monopolists produce less, at a higher average cost, and rate a higher price than could a combination of firms in a superbly competitive enterprise.
The monopolist will choose the income-maximizing degree of output in which MR = MC, and then fee the fee for that quantity of output as decided by using the marketplace call for curve. If that rate is above average fee, the monopolist earns high-quality earnings.
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Answer:
a) dollar amount of the gross profit = 17000
b) dollar amount of the income from operations = 11700
c) dollar amount of the income before income tax = 11900
d) dollar amount of the net income = 8400
Explanation:
(a) Gross profit:
= Sales - Cost of goods sold
= 50,000 - 33,000
= $17,000
(b) Income from operation:
= Gross profit - Bad debt expenses - other operating expenses - Selling and administrative expenses
= $17,000 - $100 - $500 - $4,700
= $11,700
(c) Income before income tax:
= Income from operation + Interest Income and Other Non-operating Revenues
= $11,700 + $200
= $11,900
(d) Net income:
= Income before income tax - Income tax
= $11,900 - $3,500
= $8,400