The resemblance between outsourcing and overtime techniques, which both have strong revocability, in terms of alternatives to a labor shortage.
What are the two most popular approaches to overcoming a labor shortage?Hiring contract and temporary workers and outsourcing work are the two most popular strategies for addressing a labor shortage. contracting with a different company to carry out a variety of tasks. Organizations need to hold people accountable for reaching objectives.
Describe the overtime concept.Any hours clocked by a worker that go above their regularly scheduled working hours are referred to as overtime. While a generalized definition of overtime simply refers to hours spent outside of the usual working hours, overtime is frequently used to also refer to the compensation for such work.
How Does Outsourcing Work?The act of contracting with a third party outside a company to provide services or generate items that were previously managed internally by the company's own employees is known as outsourcing. Businesses commonly employ outsourcing as a method of cost reduction.
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gruden bancorp inc. purchased a portfolio of trading securities during year 1. the cost and fair value of this portfolio on december 31, year 1, was as follows: name number of shares total cost total fair value griffin inc. 1,400 $18,760 $17,630 luck company 650 21,320 19,830 wilson company 200 6,400 6,530 total $46,480 $43,990 on may 10, year 2, gruden bancorp inc. purchased 550 shares of carroll inc., at $32 per share plus a $60 brokerage commission. provide the journal entries to record the following: question content area a. the adjustment of the trading security portfolio to fair value on december 31, year 1.
A Journal Enteries is the act of keeping or making records of any transactions both monetary or non-financial. Transactions are indexed in an accounting magazine that suggests a employer's debit and credit balances.
AJournal Enteries statistics a enterprise transaction within the accounting device for an agency. magazine entries form the constructing blocks of the double-entry accounting approach that has been used for hundreds of years to maintain financial information.
Journal Enteries
Date Particulars Debit in $ Credit in $
a. The adjustment of the trading security portfolio to fair value on December 31, Year 1.
Dec-31 Unrealized Gain (Loss) on Available-for- Sale Investments a/c _ Dr. 1950
To Valuation Allowance for Available-for-Sale investments 1950
To record the increase in fair value of trading investments ($115,550 — $117,500)
b. The May 10, Year 2, purchase of Carroll nc. stock.
May-10 Investment in Equity Securities a/c Dr. 34900
To Cash 34900
1200 x 29 = 34800 + 100
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what is the difference btween nomura and rcb estimate for the janese yen/euro currency pair fo rthe end of q! 2018
For the Japanese yen, there is a 40 yen difference between the nomura and rcb estimates.
Is the name Janis gender neutral?Janis is a male name with Hebrew roots that means "God is gracious." A fresh spin on the conventional Jane for girls is Janis. The Greek boy's name Yannis, which is equivalent to John in English, is similar to Janis.
what type of Japanese is a type of language, ?The Ryukyuan languages being spoken in Ryukyu Islands and Japanese are both members of the Mythological language family. Japanese is frequently referred to as a language isolation since these closely related tongues are frequently regarded as dialects of same tongue.
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what is the monopolist's profit at the profit-maximizing level of output? multiple choice $10,000 $0 $50,000 $80,000
Option (1) $10000 is the profit maximizing level of output.
Define profit maximization.In the field of economics, the word "profit maximizing" refers to the short- or long-term process by which a company selects the prices, input levels, and output levels that will result in the highest possible overall profit.
Profit is determined by the following formula:
Profit = Total Revenue - Total Cost.
As a result, when the first order is:
MR = MC
That is when Marginal Revenue is equal to Marginal Cost, and when the second order depends on the first order, a corporation maximizes profit. This concept differs from wealth maximization in terms of the time frame for turning a profit and the goals of the business.
A monopolist is a person, organization, or company that dominates and controls the market for a specific good or service. The monopolist has the power to set high prices because there are no substitute goods or services or competitors.
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It is recommended that an entrepreneur avoid using the internet as a resource for finding information to write a business plan because the information found there is often incorrect and unreliable.
False
It is recommended that an entrepreneur avoid using the internet as a resource for finding information to write a business plan because the information found there is often incorrect and unreliable. FALSE
An entrepreneur is a person who has an concept and who works to create a product or service that humans will buy, in addition to an business enterprise to assist that effort. An entrepreneur takes on most of the hazard and initiative for his or her new business, and is regularly visible as a visionary or innovator.
The entrepreneur is defined as a person who has the ability and choice to establish, administer and succeed in a startup task along side chance entitled to it, to make profits. The pleasant instance of entrepreneurship is the starting of a new business venture.
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Diapers is a product category in the maturity stage of its product life cycle. This means that the manufacturers of diapers:
are most interested in building product awareness
want to create primary demand for the product
have increased trade allowances
are creating product line extensions
This means that the manufacturers of diapers have increased trade allowances. In the maturity stage, income slow down, indicating that the market has begun to attain saturation.
This is additionally one of the stages of the product life cycle when pricing becomes competitive. This makes the profit margins thinner.
At which stage in the product life cycle do sales experience their most fast increase?The standard attribute of a successful new product is a gradual upward jostle in its sales curve all through the market improvement stage. At some factor in this upward shove a marked extend in consumer demand happens and sales take off. The boom is on. This is the opening of Stage 2—the market boom stage.
The central thrust of market messaging and promotion at some point of this stage is “This company is the best!” Pricing additionally will become more aggressive and should be adjusted to align with the differentiation strategy. Often in the growth phase the marketer must pay tremendous attention to distribution.
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https://brainly.com/question/29099285#SPJ4jupiter company signed a one-year $47,000 note payable at 8% interest on may 1, 2016. if jupiter company only adjusts its accounts once a year at year-end, how much interest expense was accrued on december 31, 2016
By using Interest Expense = Principal x Rate x Time we can calculate interest expense. if jupiter company only adjusts its accounts once a year at year-end, then $22,560 interest expense was accrued on december 31, 2016
An activity price is the price incurred by an entity for borrowed funds. Interest rate is a non-operating price shown on the profits statement.
What is the formula for activity expense?The simple activity rate formula is Interest Expense = Principal x Rate x Time.
For example, if a enterprise pays $100 in interest on a loan and earns $10 in hobby from a savings account, then there are more prices than income and the line object ought to be “Interest Expense – Net” for $90.
Interest is observed in the income statement, however can additionally be calculated the use of a debt schedule. The time table outlines all the essential pieces of debt a organization has on its stability sheet, and the balances on each period opening (as shown above). This balance is increased with the aid of the debt's activity charge to find the expense.
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https://brainly.com/question/16134508#SPJ4Which of the following is NOT an advantage of online bond brokerage services?
a. Pricing is more transparent because investors can easily compare bid and ask spreads.
b. Some services charge commissions, which may be more easily understood than bid and ask spreads.
c. Some brokers have narrowed their spreads so that they do not lose business to competitors.
d. All of these are advantages of online bond brokerage services.
Online bond brokerage services provide the benefit of more transparent pricing since investors may compare bids and ask spreads with ease. Some firms also charge fees, which may be simpler to understand than bid and ask spreads.
Some brokers have reduced their spreads to prevent losing clients to rivals. So a bond broker acts as a middleman between bond purchasers and bond issuers or sellers. In exchange for compensation, the broker buys and sells bond securities on behalf of investors on the trading floor of an exchange or in the over-the-counter (OTC) markets.
They offer a steady source of revenue. Bonds typically pay interest twice each year. Bonds are a technique to protect capital while investing since bondholders get their whole principle if the bonds are held to maturity. The exposure to more volatile stock holdings can be reduced with the use of bonds.
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what effect does the inventory costing method have on the income statement? the inventory methods affects the amount of the . multiple choice question. sales, cost of goods sold and gross profit and does not affect on income tax expense sales, cost of goods sold, gross profit, income tax expense and net income cost of goods sold and gross profit only cost of goods sold, gross profit, income from operations, income before income tax expense, income tax expense and net income
Inventory methods have an impact on the amount of Cost of Goods Sold, Gross Profit, Income from Operations, Income before Income Tax Expense, Income Tax Expense, and Net Income.
Inventory refers to all of the items, goods, merchandise, and materials held by a company for the purpose of reselling in the market for profit. For instance, if a newspaper vendor uses a vehicle to deliver newspapers to customers, only the newspaper is considered inventory. The car will be regarded as an asset.
The main goal of the inventory is to guarantee that there is a constant supply of materials for operations.
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Answer:A
Explanation:
you are starting an ice-making company in phoenix. when writing your product or service description, what should you include? check all that apply.
A proposal is presented as a business plan. A comprehensive business plan should be written if you're willing to start a firm.
What does the term "company" mean?
A group of people can form a legal entity called a corporation to run and manage a commercial or industrial business.Based on the corporate legislation of its jurisdiction, a corporation may be set up in a variety of ways for tax and current burden reasons.
How does a business operate?
A "business" is a legal entity that exists apart from its owners, operators, executives, workers, and agents. The ability to own and sell property, bring legal action and be accused, and sign contracts are all rights shared by businesses and individuals.
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Mega Corp. hired permanent replacement workers when its union went out on strike seeking better medical and retirement benefits. After the strike is over, Mega Corp.
a. must give the striking employees their jobs back since this was an economic strike.
b. must give the striking employees their jobs back since this was an unfair labor practices strike.
c. may hire additional workers without considering the striking employees who want their jobs back.
d. does not have to give the striking employees their jobs back since this was an economic strike.
Option c is correct. After the strike is over, Mega Corp may hire additional workers without considering the striking employees who want their jobs back.
A strike for better pay or benefits is referred to as an economic action. An employer may bring on permanent replacement staff during a strike. The employer is under no duty to fire the replacement staff after the strike is over in order to create way for the strikers.
Replacement employees are those hired to take the place of union members who are on strike or locked out as a result of a labor dispute.
Unfair labor practice strikers are workers who go on strike to protest an unfair labor practice that their employer has engaged in. Such strikers cannot be permanently replaced or released.
deciding against handling a dispute because a worker is not a union member. threatening a worker who filed a ULP claim. refusing to engage in sincere negotiations with an agency.
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break(s) down the return-on-equity into three components. a - asset management ratios b - profitability ratios c - the dupont identity d - market value ratios
The correct answer is DuPont Identity.
The DuPont identity break(s) down the return-on-equity (ROE) into three components, that is profit margin, total asset turnover, and financial leverage.
This expression has arisen and later been derived from the DuPont company that started using this idea way back in the 1920s. An explosives salesman in the company who went by the name Donald Brown used this method in an internal report in the year 1912.
It is calculated by multiplying the net profit margin by equity by the asset turnover.
DuPont Analysis = Net Profit Margin × Asset Turnover × Financial Leverage. Net Profit Margin = Revenue of a company x net income of a company.Asset Turnover (AT) = average total assets of a company x sales generated by the company.Learn more about DuPont Identity here brainly.com/question/14952801
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the split-off point is the point at which individual products resulting from a joint process can be identified. true orflase
The split-off point is the point at which individual products resulting from a joint process can be identified. FALSE
A product is an object, or device, or service made to be had for customer use as of the consumer call for; it's miles some thing that may be supplied to a marketplace to fulfill the desire or want of a customer.
A product is any item or service you promote to serve a patron's need or need. They can be bodily or virtual. physical merchandise encompass long lasting items (like vehicles, furnishings, and computer systems) and nondurable items (like food and drinks).
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A company's ability to achieve and maintain a unique and valuable competitive position both within a nation and globally, generating higher rates of profit than its competitors, is known as competitive advantage. comparative advantage. international strategy. resource leverage. strategic dominance.
A company's ability to achieve and maintain a unique and valuable competitive position is a competitive advantage
Competitive advantage is the capacity of an organization to establish and sustain a distinct and valued competitive position both domestically and internationally, earning higher rates of profit than its rivals When a corporation can make goods that are similar to those of its competitors at a lower cost, it can stay ahead of the competition due to economic factors.
When the product is robust, the competitive advantage can be considered to become sustained. Since this calls for strategic planning and sound business management, a dynamic environment is required. Being stationary just moves the firm in one direction, but being able to view things from many angles might provide concepts that boost a business's competitive advantage.
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what is the appropriate discount rate to use only if the proposed investment is a replica of the firm's existing operating activities? multiple choice question.
WACC, or the Weighted Average Cost of Capital, is the appropriate discount rate to be used when the proposed investment is a replica of the firm's existing operating activities.
Weighted Average Cost of Capital can be referred to or considered as the amount incurred by a firm to build its capital in order to ensure a smooth functioning of its operational activities. A capital expenditure cost over WACC being incurred helps in ensuring functionality of other factors of production of the firm. The weightage of such costs is averaged throughout.
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Complete question
what is the appropriate discount rate to use only if the proposed investment is a replica of the firm's existing operating activities?
when a borrower makes a payment on an installment loan, a portion of the amount paid reduces the principal balance of the note payable. this statement isgroup startstrue or
When a borrower makes a payment on an installment loan, a portion of the amount paid reduces the principal balance of the note payable. This statement is TRUE.
What is an installment loan?
Installment loans, which let you borrow money and repay it in equal monthly installments with a fixed interest rate, are a useful tool in your personal finance kit if you want to pay off large debts in discrete, manageable amounts.
The most typical sort of installment loan is a personal loan, but there are other types as well, like no credit check loans, mortgages, and auto loans.
Individuals who qualify for installment loans are able to borrow a fixed sum of money that is disbursed in one lump payment and is repayable over time. These loans often have set interest rates and regular monthly payments that are the same every month. Each monthly payment is divided into two equal halves that are applied to the principal borrowed and the loan's interest.
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Which manufacturing strategy creates additional wait time for the buyer to receive the product, but allows customers to purchase pre-designed and pre-engineered products that can be customized to the the buyers specifications?.
Make-to-Order (MTO) is a manufacturing strategy that increases the buyer's wait time before receiving the product but enables customers to buy pre-designed
what is The term "product" is confusing.?Anything you offer to fulfill a customer's needs desire is a product. They could be real or imaginary. A physical product can be either durable (such as vehicles, furniture, or computers) or nondurable (like food and beverages).
What constitutes an excellent product?An effective product has a defined value proposition and is well-marketed. We all understand that successful marketing is essential for a product to succeed. A value proposition, however, what exactly is it? A company's value proposition is what it guarantees to provide customers in exchange for their continued use of its product.
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investors who fear rising infation may buy treasury inflation protectio securites how do tips shield lendsers from inflation
TIPS change in price (principal balance) to preserve their actual worth when inflation rises as opposed to their yield growing.
Does inflation benefit the economy?Despite the fact that significant inflation is often viewed as bad, some economists claim that a little amount of inflation may actually promote economic growth. The opposite of inflation is deflation, which is a situation in which prices typically decline. The goal of the Federal Reserve's Consumer Price Index is to keep inflation around 2%. (CPI).
What is the source of inflation?Inflation is the term used to describe when prices during an economy rise or when the purchasing power of money declines. According to economists, a number of variables, such as a rise in the money supply, higher wages, and increased aggregate demand, may contribute to inflation.
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as the marginal propensity to consume (mpc) decreases, the spending multiplier group of answer choices increases. decreases. remains constant. becomes indefinable.
As the marginal propensity to consume (mpc) decreases, the spending multiplier increases.
The marginal propensity to consume is a metric that quantifies precipitated intake, the concept that the growth in non-public client spending happens with an growth in disposable income. the proportion of disposable earnings which individuals spend on consumption is called propensity to consume.
The marginal propensity to consume (MPC) is the turn facet of MPS. MPC helps to quantify the relationship between income and intake. MPC is the component of each more dollar of a family's earnings this is fed on or spent.
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the unemployment rate is currently 6% higher than the natural rate of unemployment. the current quantity of output is greater than potential output. the natural level of output is $3 trillion.
Unemployment rate is currently= 30303030296.969
If unemployment rate =x
then unemployment rate is currently=x+6
output = $3 trillion
The unemployment rate is calculated = (Unemployed ÷ output ) x 100.
x+6=x/3 trillion *100
x-100x= 3000,000,000,000-6
x=30303030296.969
unemployment rate is currently=x+6
30303030302.969+6 = -30303030296.969
There are several factors that contribute to unemployment that affect both the supply side, or workers, and the demand side, or employers. High interest rates, a slowing global economy, and the financial crisis can all have an impact on demand. Two important supply-side contributions are frictional unemployment and structural employment.
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a 9-year bond is issued with the following terms: face value: $1,200,000 annual coupon rate: 12% market rate: 15% what is the amount of the semiannual interest annuity paid under this bond?
The semi-annual interest annuity paid under the bond is $72,000
What is the semi-annual interest annuity?A bond is a debt instrument used by businesses to raise capital needed for business operations.
Bondholders earn interest on the amount invested and at the maturity of the bond, they are paid back the amount invested. The interest that is paid is a function of the coupon rate of the bond.
The semi-annual interest annuity is the amount that would be paid twice in a month.
The semi-annual interest annuity = (annual interest rate / 2) x face value
The semi-annual interest annuity = (12% / 2) x $1,200,000
The semi-annual interest annuity = 6% x $1,200,000
The semi-annual interest annuity = 0.06 x $1,200,000
The semi-annual interest annuity = $72,000
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In the short run, a perfectly competitive firm will incur an economic loss but will continue to operate if certain conditions are met. Using a graph, explain what those conditions are. (2 points) 2. When total product is maximized, what is true about marginal product? Explain your answer by graphing both the total product curve and the marginal product curve.
If the price is higher than average variable cost and lower than average total cost, a perfectly competitive firm will suffer an economic loss but continue to generate the amount of output that maximizes profits in the short term.
Why would a company decide to make a loss in the near term?A competitive company may decide to operate at a loss in the near term (A) in order to recoup some of its fixed costs. Profits for a firm that shuts down are equal to minus the fixed cost because they still have to pay the fixed costs if they close.
How does the marginal product change when the total product is maximized?The marginal product is the variation in the total product brought on by the addition of a further unit of a variable factor. For output to be maximized, the marginal product must be zero. If the marginal product is smaller than zero, it is economical to increase output. If the marginal product is smaller than 0, production can be reduced profitably.
The maximum total product is reached when the marginal product reaches zero. In other words, marginal product begins to decline as total product reaches its highest value.
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A hiking boot’s profits are declining because new competition has entered the market, but its cost has also declined due to increased volume of production. What stage of the product development life cycle is the hiking boot in?.
In the maturity stage, income gradual down, indicating that the market has begun to reach saturation.
This is also one of the degrees of the product life cycle when pricing turns into competitive. This makes the profit margins thinner.
What are the features of maturity stage?The mature stage's main characteristic is that income volumes are nonetheless developing but at a slower rate. The nearer to the give up of the mature, the slower will be the growth in income volume. Competition for market share and customers is additionally greater intense.
What are examples of products in their maturity stage?Companies are all examples of groups in the maturity stage. They are properly known, trusted, and proceed to preserve a high market share in their industries.
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https://brainly.com/question/17738539#SPJ4why is global segmentation, targeting, and positioning (stp) more complicated than domestic stp? (choose every correct answer.)
The global segmentation, targeting and positioning (STP) is more complicated than domestic STP because company has to adjust product and marketing strategies to meet the changing needs of global market.
What is segmentation, targeting and positioning (STP)?
STP marketing focuses on commercial effectiveness , selecting the most valuable segments for a business and the developing a marketing mix and product positioning strategy for each segment.
The STP model is useful when creating marketing communications plans since it helps marketers to prioritize propositions and then develop and deliver personalized and relevant messages to engage with different audiences.
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the economic stimulus act of 2008 focused on , whereas the american recovery and reinvestment act of 2009 focused on. contractionary fiscal plicy; expansionay
Expansionary fiscal coverage occurs when the Congress acts to reduce tax fees or expand government spending, transferring the mixture demand curve to the right.
What was once the thought in the back of the Economic Stimulus Act of 2008?The regulation affords for tax rebates to low- and middle-income U.S. taxpayers, tax incentives to stimulate business investment, and an make bigger in the limits imposed on mortgages eligible for buy by using government-sponsored businesses (e.g. Fannie Mae and Freddie Mac).
What did the Economic Recovery and Reinvestment Act 2009 do?The Act is an awesome response to a disaster in contrast to any for the reason that the Great Depression, and includes measures to modernize our nation's infrastructure, beautify energy independence, increase academic opportunities, hold and enhance less expensive health care, grant tax relief, and shield these in biggest need.
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https://brainly.com/question/6583917#SPJ4explain why a decline in investment spending caused by a change in business expectations leads to a fall in consumer spending.
This is generally triggered by falling costs in one or more sectors, giving consumers more room to buy more good and services, save, or invest. Under this case, demand for total services and products rises at the same time that demand drops.
Explain why a decrease in investment spending due to a shift in business expectations results in a decrease in consumer spending.
A dramatic drop in investment spending, like an improvement in economic spending, has a ratio impact on the real GDP—the only difference is that real GDP drops rather than rises. The fall in I causes a drop in real GDP, which causes a drop in disposable income (since less output means less deposits to workers), which causes a reduction in consumer spending, which causes another drop in real GDP, and so on. As a result, spending falls as a result of the drop in investment spending
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if westerville’s chief executive officer will earn a bonus only if her roi from this year exceeds her roi from last year, would she pursue the investment opportunity?
She would pursue the investment because it increases her residual income. She would not pursue the opportunity because it would reduce her residual income.
Investment is the commitment of money to the purchase of an asset with the goal of increasing its value over time. The sacrifice of a current asset, such as time, money, or effort, is necessary for investment. To generate a return on the invested asset is the aim of financial investment.
A good way to put your money to work and possibly increase your wealth is to invest. Your money may experience value growth and outperform inflation if you invest wisely.
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a client owns a $1,000 10-year bond. the coupon rate is 6%. the client acquired the bond 3 years ago at a discount. what is known about the interest rates 3 years ago?
The hobby price within the USA averaged five. forty-two percent from 1971 till 2022.
The coupon charge is the annual income an investor can anticipate receiving whilst protecting a particular bond. Its miles are constant when the bond is issued and is calculated by means of dividing the sum of the yearly coupon payments by the par value. on the time it's far purchased, a bond's yield to maturity and its coupon charge are equal.
In finance, a chit is the hobby fee received by means of a bondholder from the date of issuance till the date of maturity of a bond. Coupons are normally described in terms of the coupon price which is calculated by adding the sum of coupons paid per year and dividing it by means of the bond's face value.
The coupon rate is the interest price paid by a bond relative to its par or face price. For a hard and fast-charge bond, this may be equal to its complete adulthood.
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rocky gap furniture employs 20 workers working eight hours each to produce 50 rocking chairs. what is the productivity of these workers?
0.3125 is the productivity of these workers if rocky gap furniture employs 20 workers working eight hours each to produce 50 rocking chairs.
How would you characterize workplace productivity?
How quickly someone completes a task is a measure of their productivity. It can be defined as the speed at which a business or nation produces goods and services (output), typically assessed in relation to the amounts of inputs (labor, capital, energy, or other resources) used to produce those products and services.
Productivity is equal to [50/(20*8)]
= (50 / 160)
= 0.3125
These employees' productivity is 0.3125.
Therefore, 0.3125 is the productivity of these workers.
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Fixed costs are important because, at least in the ___________, the firm _______________.
B. short run; cannot alter them
Costs that are unaffected by a company's level of output are known as fixed costs.Even if the company does not produce anything, these expenses will still be incurred.
What is a fixed expense?
A cost that fluctuates inversely with changes in activity volume on a unit basis but remains constant overall is known as a fixed cost.
What factors determine a company's fixed cost level?
Costs that are usually based on time rather than on how many products or services your company sells or produces are known as fixed costs.Rent and lease payments, salaries, utility bills, insurance, and loan repayments are all examples of fixed costs.Business licenses and other types of taxes are examples of fixed costs.
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as the number of units manufactured increased from 100 to 200, manufacturing cost (total) increased from $350 to $650. assume the given data establish the relationship between cost (y) and number of units made (x), and assume the relationship is linear. find the equation of the relationship.
Consequently, the linear equation y=3x+50 connecting the total cost to the quantity produced.
What are Manufacturing Costs?The manufacturing cost is the sum of all expenses incurred in the production of a good. The three categories of cost of manufacturing are direct costs of material, direct labor, & manufacturing overhead. It affects the overall cost of delivery. The costs directly associated with creating the product are known as manufacturing costs. The per-item cost of doing business must be calculated taking into account both production costs and manufacturing costs.
Why is manufacturing cost important?Costs of production have a significant impact on the efficient design and production of a product. The added value model states that a profit can only be made when the cost of production is less than the value added. Therefore, a product's success depends on knowing how much it will cost to design and manufacture.
Briefing:A linear equation is of the form
y = mx+b
where b is the value at x=0 and m is the slope (rate of change of y with respect to x).
With the information provided, the price rose by $650-$350=$300 when the quantity produced rose by 200-100=100. Therefore, 300/100=3 represents the rate of change of cost (y) in relation to x (number of units).
So the equation is of the form
y = 3x+b
To calculate b, choose one of the two available data points.
When 100 units were produced, the total cost was $350:
350 = 3(100)+b
350 = 300+b
b = 50
The equation y=3x+50, which connects the total cost to the quantity produced, provides the right answer.
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