If shibuno shops had a suta tax rate of 2.7%. the net FUTA tax is $467.40 and the net SUTA tax is $2,592.
How to find the net futa tax and net suta tax?To compute the net FUTA tax and net SUTA tax, we need to first calculate the taxable wages subject to each tax and then apply the respective tax rates.
For FUTA:
Taxable wages = $77,900 (since there is no taxable limit for FUTA)
FUTA tax rate = 0.6%
Net FUTA tax = Taxable wages x FUTA tax rate = $77,900 x 0.006 = $467.40
For SUTA:
Taxable wages = $8,000 per employee (since that is the taxable limit)
Number of employees = $93,900 / $8,000 = 11.74 (rounded up to 12)
Total SUTA taxable wages = $8,000 x 12 = $96,000
SUTA tax rate = 2.7%
Net SUTA tax = Total SUTA taxable wages x SUTA tax rate = $96,000 x 0.027 = $2,592
Therefore, the net FUTA tax is $467.40 and the net SUTA tax is $2,592.
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The complete question is:
garrison shops has a suta tax rate of 2.7%. the state's taxable limit was $8,000 of each employee's earnings. for the year, garrison shops had futa taxable wages of $77,900 an suta taxable wages of $93,900. compute net futa tax and net suta tax
suppose a firm is producing a chair called abc and recliners called xyz. in a particular year, the prices of xyz go up. how would this affect the supply of abc?
The unit sale prices for x, y, and z are 2.50, 1.50, and 1.00 rupees, respectively. Market I's whole revenue can be expressed as follows:
[ 10,000 2000 8,000
2.50\s1.50\s1.00\s=10000×2.50+2000×1.50+18000×1.00\s=25000+3000+18000\s=46000
Market II's whole revenue can be expressed as follows:
[ \s6000
20000
8000\s2.50\s1.50\s1.00\s=6000×2.50+20000×1.50+8000×1.00\s=15000+30000+8000\s=53000
Thus, market I's whole revenue is 46,000 rupees, while market II's is 53,000.
(a) The unit costs for x, y, and z are provided as Rs. 2.00, Rs. 1.00, and 50 paise, respectively.
So, the following is a representation of the total cost prices of all the products on the market:
[ \s10000\s 2000\s18000 ]
2.00\s1.00\s0.50 \s=10000×2.00+2000×1.00+18000×0.50\s=20000+2000+9000\s=31000
Since market I's whole income is Rs. 46,000,
Thus, the market's gross profit is calculated as Rs46000 minus Rs31000, or Rs15000.
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in preparing its adjusting entries at the end of this year, northern exposure company neglected to accrue commissions earned but not yet received or recorded. this error: question 16 options: a) understates this year's net income and overstates both assets and retained earnings at year-end b) understates this year's net income and understates both assets and retained earnings at year-end c) overstates this year's net income and understates both assets and retained earnings at year-end d) overstates this year's net income and overstates both assets and retained earnings at year-end
Northern exposure company neglected to accrue commissions earned but not yet received or recorded. this error: b) understates this year's net income and understates both assets and retained earnings at year-end.
Employees, outside sales-people, and other entities can all earn commissions. According to the accrual basis of accounting, you must record an expense and an offset liability for a commission in the same period that you record the sale that the salesperson was responsible for producing, as well as when you are able to determine the commission's amount.
The majority of businesses multiply net sales by a commission rate to determine actual commission costs. Unearned income is commission that is received in advance. Unearned income is money that was received but wasn't earned. This will appear as a liability on the balance sheet up until it starts to accrue.
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lehigh manufacturing corporation was started with the issuance of common stock for $60,000. it purchased $14,000 of raw materials and worked on three job orders during year 1 for which data follow. (assume that all transactions are for cash unless otherwise indicated.) direct raw materials used direct labor job 1 $ 2,800 $ 6,000 job 2 4,000 8,000 job 3 6,000 4,000 total $ 12,800 $ 18,000 factory overhead is applied using a predetermined overhead rate of $0.60 per direct labor dollar. jobs 2 and 3 were completed during the period and job 3 was sold for $20,000 cash. lehigh paid $800 for selling and administrative expenses. actual factory overhead was $11,300. required a. record the preceding events in a horizontal statements model. the first event for year 1 has been recorded as an example. c. record the closing entry for over- or underapplied manufacturing overhead in the horizontal statements model, assuming that the amount is insignificant. d-1. prepare a schedule of cost of goods manufactured and sold for year 1. d-2. prepare an income statement for year 1. d-3. prepare a balance sheet for year 1.
The true cost of manufacturing overhead is $21700.
data provided
Cost of predetermined overhead is $6.
3200 hours of direct labor total.
$2500 is the underapplied overhead.
By adding all values together to obtain the necessary amount, the actual manufacturing overhead cost may be calculated: actual overhead cost = $21700.
What is Direct labor cost?The term "direct labor" refers to the permanent and contract workers who perform direct labor on a manufacturer's goods. (Indirect labor refers to individuals working in the producing area but not directly on the products.)
The cost of temporary employees who work directly on the manufacturer's products as well as the salary and fringe benefits of direct labor employees are included in the direct labor cost.
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assume that prior to trade, russia is producing 0 units of bulldozers and 10 units of trucks. what can you conclude about the use of resources in russia? explain using the production possibilities curve model
If Russia produces 0 units of bulldozers and 10 units of trucks before trade, this implies that Russia is not using any of its resources to produce bulldozers and is operating at a point along the PPC that represents inefficient resource use. Trade can assist Russia in specializing in truck production and moving to a point on the PPC curve that represents a more efficient use of its resources.
The production possibilities curve (PPC) model depicts the maximum amount of goods that can be produced with the resources and technology at hand. In this case, assuming that Russia produces 0 units of bulldozers and 10 units of trucks before trade, we can conclude that Russia devotes all of its resources to truck production while producing no bulldozers.
The PPC model depicts the cost-benefit analysis of producing two goods, in this case, bulldozers and trucks. According to the model, resources are fixed and limited, so producing more of one good means producing less of the other. The PPC is typically depicted as a downward-sloping curve that illustrates the trade-off between producing the two goods.
If Russia produces 0 bulldozers and 10 trucks before trade, it means that all of its resources are used to produce trucks. This combination of goods will have a point on the PPC curve where truck production is maximized but there is no bulldozer production.
If Russia decides to trade for bulldozers with another country, it can specialize in manufacturing trucks and trade them for bulldozers. This will allow Russia to produce more trucks than it could on its own if it had to also produce bulldozers.
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In terms of opportunity, blacks in the united states today are:__________
Answer: not equal in terms of opportunities for better life for their children
Explanation:
In terms of opportunity, blacks in the united states today are: both opportunities there have been significant strides towards racial equality and justice in recent decades, including legal protections against discrimination, increased representation in government and other institutions.
What is government?A government is the system of politics for running the nation. There are different forms of government like democracy, aristocracy, monarchy, and oligarchy.
A government makes rules and order for running the nation, state, or any political unit. A government makes defense laws, foreign policy, budget and sources of revenue and expenditure for a nation.
There are opportunities for black Americans to achieve success and advancement in various fields, like access to education, government representation and employment opportunities.
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There are opportunities for black Americans to achieve success and advancement in various fields, like access to education and employment opportunities.
Merrick Company computes a predetermined overhead rate at the beginning of the year and uses it to apply overhead to jobs throughout the year. Merrick has several custom jobs in process. One of these jobs, C628, was in Work in Process Inventory at the beginning of month. Job C628 had direct materials of $6,200, direct labor of $8,680, and overhead of $17,360. If Merrick applies overhead based on direct labor cost, what is Merrick’s predetermined overhead rate for the year?
A) 50%
B) 200%
C) 140%
D) 280%
200% is Merrick's predetermined overhead rate for the year.
What is meant by Predetermined Overhead Rate?At the beginning of the accounting period, a predetermined overhead rate is calculated by dividing the estimated manufacturing overhead by the estimated activity base. To make it easier to determine a product's standard cost, the predetermined overhead rate is then applied to production.
The rate at which manufacturing overhead is applied to work-in-process inventory is predetermined. Before the period begins, the pre-determined overhead rate is calculated. Estimating the amount of the activity base required to support operations during the upcoming period is the first step.
It anticipates 2,000 direct labor hours for the upcoming year. The predetermined overhead rate can be calculated using this data. Ralph's Machine Tools Company's predetermined overhead rate is as follows: $7.50 per direct labor hour for $15,000 divided by 2,000 hours.
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separation of duties and e-commerce controls are examples of blank______ controls.
Separation of duties and e-commerce controls are examples of internal controls.
What is E-Commerce?E-commerce or electronic commerce is the activity of trading goods and services on the internet. There are three main types of e-commerce: business-to-business, business-to-consumer, and consumer-to-consumer.
Separation of duties means no person has sole control over the lifespan of a transaction. Ideally, no person should be able to initiate, record, authorize, and reconcile a transaction. Because it lowers the possibility of both inappropriate and incorrect acts, the separation of roles is essential for efficient internal control.
Therefore, Separation of duties and e-commerce controls are examples of internal controls.
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the law of supply functions in labor market, that is , a higher............... for labor leads to a higher quantity of labor supplied.
O price O demand O supply O quantity
The rule of supply, which states that more people are available for greater wages and fewer people are available for lower costs, governs labour markets.
What exactly does labour entail?
The physical, mental, and social effort required to generate goods and services in an economy is referred to as labour. In order to transform raw materials into finished goods and services, it provides the knowledge, resources, and assistance required.
The effort made by humans to produce goods and services is referred to as labour. People who work as labour resources include the engineer who designed the bus that transports you to school and the waiter who makes your dinner at a nearby restaurant.
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if businesses are increasing production and raising their prices, what situation is being eliminated in the market for that good?
If businesses are increasing production and raising their prices, A shortage is a situation being eliminated in the market for that good.
What exactly is a market?
In order to expedite the trade or transaction of products and services, sellers and buyers can come together in a market. A market may be actual, like a real store, or it may be virtual, like an online retailer.
When the price exceeds equilibrium, a surplus results, which motivates sellers to reduce their prices to minimize the surplus. An imbalanced price leads to a shortage.
Therefore, Any place where producers, sellers, or merchants promote their products and make sales is referred to as a market.
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What is the break-even point for the American Division?
a. $360,000
b. $440,000
c. $600,000
d. $1,210,549
Answer:
The break-even point for the American Division is $440,000.
Explanation:
if the federal reserve wishes to increase the money supply, it should: group of answer choices decrease the discount rate. increase interest paid on reserves. sell government bonds. decrease the monetary base.
If federal reserve wishes to increase money supply, it should sell the government bonds.
What is money supply?Money supply refers to the total amount of money circulating within an economy at a given time. It includes all physical currency, such as banknotes and coins, as well as deposits held in checking accounts, savings accounts, and other types of financial accounts. The money supply is a crucial economic indicator, as it directly affects the level of inflation and economic growth. Central banks have a significant role in managing the money supply, using a range of monetary policies such as interest rates, reserve requirements, and open market operations to influence the amount of money in circulation. Understanding the money supply is essential for policymakers, investors, and economists in analyzing economic trends and forecasting future developments.
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7. many organizations have a kick-off meeting because a. it brings closure to the planning phase of the project b. it signals the initiation of the next phase of the it project methodology c. it communicates to everyone what the project is about d. it can energize the stakeholders and get everyone excited about working on the project e. all of the above
e. all of the above. A kick-off meeting is a crucial step in the project management process, as it sets the tone and direction for the project.
It brings closure to the planning phase of the project, signaling the initiation of the next phase of the project management methodology. During the meeting, the project manager will communicate the project goals, objectives, timelines, and key milestones to all stakeholders. This will provide everyone with a clear understanding of what the project is about, ensuring everyone is on the same page and has a shared understanding of the project scope.
A kick-off meeting can also energize stakeholders and get everyone excited about working on the project. This can help build team morale, increase motivation, and create a positive attitude towards the project. This, in turn, can help improve team productivity, collaboration, and creativity, which are essential for the success of the project.
In summary, a kick-off meeting is a critical step in the project management process. It helps bring closure to the planning phase of the project, communicates the project goals, energizes stakeholders, and gets everyone excited about working on the project. By setting the right tone and direction for the project, a kick-off meeting can help ensure project success.
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a routine market study conducted by cl foods noted that chinese and indian food products were in high demand in american society. to take advantage of this demand, cl foods manufactured and sold these food items locally. in this scenario, the company is taking advantage of a
During a routine market study conducted by CL Foods, it was noted that Chinese and Indian food products were in high demand in American society. In order to take advantage of such a demand, CL Foods manufactured and sold these food items locally. In this scenario, the company is taking advantage of a market opportunity. Option A is correct.
Market opportunity analysis assists in identifying client needs and then planning, designing, and delivering products or services to ensure customer satisfaction. It assists the organization in staying ahead of the competition by introducing customer-oriented products.
External opportunities and hazards occur outside of your firm, in the larger market. You may grasp opportunities and protect against threats, but you cannot change them. Examples include competition, raw material pricing, and client purchasing habits. A business opportunity, also known as a bizopp, is the possibility to capitalize on a market event to start a firm. It involves some form of favorable market scenario. Some firms prosper while others fail because of a business opportunity.
The complete question is:
During a routine market study conducted by CL Foods, it was noted that Chinese and Indian food products were in high demand in American society. In order to take advantage of such a demand, CL Foods manufactured and sold these food items locally. In this scenario, the company is taking advantage of a ______.
A. Market opportunityB. Situation analysisC. Competitive advantageD. Geometric segmentationTo learn more about Market opportunities, here
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When allocating manufacturing overhead using a predetermined manufacturing overhead rate, ______ can be used as a basis for allocation.
When allocating manufacturing overhead using a predetermined manufacturing overhead rate, direct labor hours, machine hours, direct labor costs can be used as a basis for allocation.
What is the allocation base for manufacturing overhead?
The way a business uses to divide up its overhead costs among its products is called an allocation base. In manufacturing, the two most often utilized allocation grounds are direct machine hours and direct labor hours.
What method is employed to share overhead expenses?
Prior to allocating the overhead costs, you must first determine the overhead allocation rate. Divide the total overhead by the quantity of direct labor hours to get at this. This means that for every hour it takes to develop a product, you must budget $3.33 for overhead.
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as the marginal propensity to consume (mpc) becomes larger, the marginal propensity to save (mps): please choose the correct answer from the following choices, and then select the submit answer button. answer choices increases. is indeterminate. stays the same. decreases.
Therefore, if the MPC rises, the MPS must also fall. The MPC and MPS, respectively, equalize the slopes of the consumption and saving functions.
What economic aspect leads to a greater multiplier quizlet for a larger MPC?
We find an increase in the multiplier when the MPC rises because the initial shift in spending results in higher consumption expenditure at each stage of the growth process. Therefore, the higher the MPC, the bigger the change in real GDP as a result of an increase in spending.
How does a higher MPC affect the spending multiplier effect?
Because the multiplier is the outcome of a change in total spending, a larger MPC suggests greater income production through private consumption.
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A cost that changes in proportion to changes in volume of activity is a(n):. a) Differential cost. b) Fixed cost. c) Incremental cost. d) Variable cost
A variable cost is one that fluctuates in direct relation to variations in activity volume. Costs that change according to the volume of production or activity are known as variable costs.
Costs that vary according on the volume of production or activity are known as variable costs. These expenses fluctuate with variations in production levels and are directly related to the quantity of goods or services produced. Raw materials, direct labour, and commission-based sales expenditures are a few examples of variable costs. Variable costs rise or fall in response to variations in the level of output, in contrast to fixed costs, which remain constant regardless of changes in production levels. Because they can significantly affect total profitability, variable costs for firms must be precisely identified and tracked. Companies may make educated judgements about pricing, production levels, and cost management by knowing the relationship between production levels and variable costs.
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financial leverage: multiple choice increases as the net working capital increases. is equal to the market value of a firm divided by the firm's book value. is inversely related to the level of debt. is the ratio of a firm's revenues to its fixed expenses. increases the potential return to the shareholders.
Financial leverage is equal to market value of firm divided by the firm's book value.
What is financial leverage?Financial leverage refers to the use of borrowed funds to invest in assets with the goal of generating higher returns than the cost of borrowing. This technique can increase the potential profit of an investment, but it also carries increased risk because the investor must repay the borrowed funds regardless of the investment outcome. Financial leverage is typically measured by the debt-to-equity ratio, which represents the amount of debt relative to the equity invested in a business. A high debt-to-equity ratio indicates that a company has a significant amount of debt, which could lead to financial difficulties if the company experiences a decline in revenue or profits. Investors and businesses must carefully consider the potential benefits and risks of financial leverage before deciding whether to use it.
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assume that the market basket of goods and services purchased in 2004 by the average family in the united states costs $14,000 in 2004 prices, whereas the same basket costs $21,000 in 2009 prices. however, the basket of goods and services actually purchased by the average family in 2009 costs $20,000 in 2009 prices, whereas this same basket would have cost $15,000 in 2004 prices. given this data, a laspeyres price index of 2009 prices using 2004 as the base year would be:
With 2004 as the base year, the Laspeyres price index for 2009 prices is 150 (21,000/14,000), which denotes a 50% rise. A price index is the normalised mean of prices for a certain class of products or services in a particular area.
A constant basket of products and services is used to calculate the Laspeyres price index, which tracks changes in price over time. The Laspeyres price index for 2009 prices, using 2004 as the base year, would be determined by taking the cost of the 2004 basket of goods and services in 2009 prices ($21,000) and dividing it by the cost of the same basket in 2004 prices ($14,000), yielding a Laspeyres price index of 1.5. The cost of the assortment of products and services rose by 50% between 2004 and 2009, according to this. A price index is a statistical tool used to compare how these price relatives, as a whole, vary between time periods or geographical regions.
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azure if the federal reserve votes to lower the discount rate, how will this likely affect interest rates on short-term credit?
Tire installation equipment is available at Williams Auto. Currently, the machine has to be repaired. The machine was purchased for $11,400, and the repair will cost $2,400.
What is the definition of equipment and machinery?
In a manufacturing operation, testing operation, or research and development activity, machinery and equipment is "used directly" if it satisfies any one of the following requirements: engages in activity or interaction with a piece of tangible personal property.
Equipment includes things like computers, automobiles, and manufacturing machinery. They differ from intangible assets (like patents, trademarks, or copyrights) in that they have a physical form, making them palpable.
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A company that is highly leveraged is considered to have:_______
A company that is highly leveraged is considered to have a high level of debt in relation to its equity or assets.
Leverage refers to the use of borrowed funds (i.e., debt) to finance an investment or business activity. When a company uses a high amount of debt relative to its equity or assets, it is said to be highly leveraged.
The use of leverage can amplify returns for investors, but it also increases risk, as the company must pay back its debt regardless of its operating performance. When a company is highly leveraged, it may struggle to generate enough cash flow to service its debt obligations, which can lead to financial distress or even bankruptcy.
In addition, a highly leveraged company may find it more difficult and expensive to raise additional funds through borrowing, which can limit its growth opportunities. As a result, companies that are highly leveraged are generally viewed as riskier investments, particularly during periods of economic uncertainty or market volatility.
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you found one job opening that looks very interesting. before applying for the job, what should you do
You discovered a position that appears to be quite interesting. You should research the company before applying for the position.
What are some effective methods for learning about job openings?Networking.
Referrals.
websites for careers and job boards.
Job Expos.
websites of companies.
a cold call.
Recruiters and head hunters.
Internships or temp work.
What is a method for learning about a job opportunity from a group of people who socialize and exchange information?Professionals utilize networking to broaden their social circles, learn about career prospects, and become more informed about news and trends in their fields. Company owners can use networking to create connections with people and organizations they might work with in the future.
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the loss of producer surplus for those sellers of the good who continue to sell it after the tax is imposed is group of answer choices $1.5. $1. $2. $3.
The loss of producer surplus for those sellers of the good who continue to sell it after the tax is imposed depends on the elasticity of the supply of the good. In general, the more elastic the supply, the greater the loss of producer surplus. Here option B is the correct answer.
Assuming that the supply of the good is relatively elastic, the loss of producer surplus for those sellers who continue to sell it after the tax is imposed can be estimated by the difference between the price they receive after the tax and the price they would have received before the tax, as represented by the supply curve. The difference between these two prices is the amount of the tax.
For example, if the tax is $2 per unit and the price sellers would have received before the tax is $5 per unit, but the price they receive after the tax is $4 per unit, then the loss of producer surplus is $1 per unit ($5 - $4). If the quantity sold is 1,500 units, then the total loss of producer surplus is $1,500 ($1 x 1,500).
Complete question:
the loss of producer surplus for those sellers of the good who continue to sell it after the tax is imposed is group of answer choices
A - $1.5.
B - $1.
C - $2.
D - $3.
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donatello’s pizza is known for its quick service. to make a pizza, employees must prepare the dough and add the sauce and toppings. cooking happens next, followed by packaging. in this scenario, the employees of donatello’s pizza are engaged in:_______.
In this scenario, the employees of Donatello's Pizza are engaged in a production process.
The series of steps taken to transform raw materials or inputs into completed items or products, in this example a pizza, is referred to as the manufacturing process. The preparation of the dough, the addition of the sauce and toppings, the cooking of the pizza, and its packaging are all processes in the production process at Donatello's Pizza. The workers convert the inputs into a finished good that may be sold to customers by carrying out these tasks. A production process is a method of using financial intuitions or resources, such labour, costly equipment, or land, to give customers the goods and services they want. Businesses often utilise one of four different types of manufacturing processes. In terms of manufacturing methods, there are batch, unit, mass, and continuous processes. Any firm needs its manufacturing process to function.
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an increase in which of the following is most likely to promote economic growth? a real interest rates. b investment tax credits. c consumption spending. d the natural rate of unemployment. e the trade deficit.
An increase in investment tax credits of the following is most likely to promote economic growth. The correct option is b.
How are investment tax credits accounted for?The standard requires that investment tax credits be accounted for using a "cost reduction" approach, in which they are recognized in income on the same basis as related expenditures.
An increase in investment tax credits is most likely to promote economic growth. Investment tax credits are tax incentives offered to businesses to encourage them to invest in new capital assets, such as machinery, equipment, and buildings. By reducing the after-tax cost of investment, investment tax credits can encourage businesses to increase investment, which can lead to higher productivity, output, and economic growth.
Thus, the ideal selection is option b.
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During its first month of business, Dig the Dogs, Inc. purchased $900 of hotdogs of which it paid $500 and owes the rest. During the month, it sold two thirds of its inventory for $1,500 on account. What is the amount of Cost of Goods Sold for the month ended?
For the month ended, the cost of goods sold was $600.
What does "cost of goods sold" mean?The cost of goods sold (COGS) is the carrying value of items sold over a specific time period.
Costs are assigned to individual items using one of many methods, such as specific identification, first-in-first-out (FIFO), or average cost. Expenditures comprise the acquisition, conversion, and other costs spent in getting the inventory to its current location and condition. Material, labor, and allotted overhead are all included in the costs of items manufactured by enterprises. The expenses of items that have not yet been sold are postponed as inventory costs until the inventory is sold or written down in value.
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Cristal’s gross semimonthly salary is $2968.50. What is the maximum amount she can afford to borrow for a home mortgage?
She can afford to borrow a maximum of $142,488 for a home mortgage.
Briefing:-housing loan
Due to the compensation being paid twice a year, a semimonthly employee will receive 24 (12 x 2) paychecks per year.
Applying this equation
Maximum: Gross semimonthly salary divided by 24 payments and two
Let's enter the formula.
Maximum = ($2968.50 x 24) x 2
Maximum: $71,244 divided by two
Amount maximal: $142,488
She can borrow up to $142,488 in total for a home mortgage, in conclusion.
Does maximum imply a cap?The utmost quantity or amount that is assignable, permissible, etc.; the highest amount, value, or degree achieved or documented. Noun, plural maximums, maxima. a maximum that a rule or legislation permits or allows.
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31. starting the next task before the first task is complete is a. lead b. lag c. negative lead d. slack e. float
Lead refers to starting the next task before the first task is completed.
What does a project task entail?An activity or work item with a specified purpose connected to the overall objective is referred to as a task in project management. It's an essential phase in the process of finishing the project.
How may a project be divided up into smaller tasks?Task management is used in even long-term Scrum projects, which last 11.6 weeks on average, to complete their work quickly and effectively. The creation of manageable workloads, taking into account job interdependence, and, of course, team communication to prevent duplication of effort or stumbling blocks are all components of task management. The high-level project objectives and goals must be broken down into manageable tasks in some way to prevent these problems.
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given linear demand curves, if demand and supply both increase but demand increases by a greater amount than supply, then:
The equilibrium price and quantity both rise if demand and supply both rise, but demand does so more quickly than supply. As the elasticity of demand, or how customers respond to a change in price, plays a significant role in how demand is determined in the real world, linear curves are uncommon.
Also, there are variations in the connection between equilibrium demand and price. There are some goods that sell well at any price. The price elasticity of demand fluctuates along a linear demand curve depending on the measurement interval. When we move down and to the right along any linear demand curve, the absolute value of the price elasticity of demand will decrease.
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frank the baker has been growing the number of pies he has been selling so much that he is now able to negotiate more favorable terms from his suppliers. this change is likely to impact multiple choice reservation price. consumer surplus. production costs. producer surplus. economic value.
Producer surplus, the total amount a producer earns by producing and selling a given amount of a good at market price. This is option D.
Producer surplus is the difference between what a person would be willing to accept for a given amount of a good and what he could get by selling that good at the market price. The total income a producer receives from the sale of his goods minus the marginal cost of production equals producer surplus.
Producer surplus arises from market prices above the lowest price that producers would be willing to accept for their goods.
Question:
Baker Frank has expanded his cake sales so much that he can now negotiate more favorable terms with his suppliers. This change is likely to affect:
A) reservation price.
B) consumer surplus.
C) production costs.
D) producer surplus.
E) economic value.
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which are reasons that job analysis is important to line managers? (select all that apply) multiple select question. understanding job requirements is critical to making intelligent hiring decisions. understanding the possible dangers associated with a job helps ensure work is being done safely. knowing about jobs helps managers fill in if there is a temporary vacancy. lacking this information means that managers are unable to determine an equitable pay rate for the job.
These three factors make job analysis crucial to line managers. (A) Making informed hiring decisions requires an understanding of the job requirements.
Line managers must perform job analyses for a variety of reasons. First and foremost, it offers a thorough grasp of work needs, which is necessary for making wise and informed hiring selections. Second, knowing the possible risks involved with a project may assist guarantee that it is done safely, lowering the chance of mishaps and injury. Thirdly, managers may replace temporary gaps or rearrange work positions as needed by having knowledge of various jobs. Last but not least, without a thorough work analysis, it may be difficult to justify pay decisions to employees or to determine an appropriate pay rate for a position.
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