to the text In an effort to increase business in 2016, Nir-Van-A (a company that provides van rentals) decided to discount its prices. Following is financial information from 2015 and 2016. Note that minimum wage for service workers has increased in 2016. Calculate the labour cost margin for each year. Do not enter dollar signs or commas in the input box. Round your answers to 2 decimal places. Item 2016 $1,008,000 $747,000 Revenue Payroll and Related Expenses Labour Cost Margin 1.34 2015 % 1.37 $951,000 $690,000 %

to the text In an effort to increase business in 2016, Nir-Van-A (a company that provides van rentals) decided to discount its prices. Following is financial information from 2015 and 2016. Note that minimum wage for service workers has increased in 2016. Calculate the labour cost margin for each year. Do not enter dollar signs or commas in the input box. Round your answers to 2 decimal places. Item 2016 $1,008,000 $747,000 Revenue Payroll and Related Expenses Labour Cost Margin 1.34 2015 % 1.37 $951,000 $690,000 %

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter29: Interest, Rent, And Profit

Section: Chapter Questions

Problem 9QP

See similar textbooks

Similar questions

Real Income Joshua Vermier of Sacramento, California, received a raise after his first year on the job to $44,200 from his initial salary of $40,000. What was Joshua's raise stated as a percentage? Inflation averaged 2.4 percent for the year. Round your answer to one decimal place. What was his real income after the raise? Round your answer to nearest cent. What was his real raise stated as a percentage? Round your answer to one decimal place. %
John works for a government agency in California making $70,000 per year. He is being transferred to a branch office in Tennessee. The salary reduction associated with transfer is 11%. The Cost of Living Index (similar to consumer price index or equipment price index) in California is 132 whereas the Cost of Living Index in Tennessee is 95. a. How much extra income does John made as a result of the reduced Cost of Living? b. What is the adjusted salary of John based on the Cost of Living?
(1) If a smart contract malfunctions, who should beheld liable—the people who developed it or the peopleusing the system? (2) How might the growth ofblockchain and smart contracts affect employment infinancial services or freight and logistics
In 1974, one could buy a theater for $1.25. Today the same theater ticket costs $6.50. Which pair of CPIs would imply that the cost in today's dollars was the same for both tickets? Please explain. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Will make sure to rate! Thank you.
A country has the following welfare program for helping the poor. Each person has the right to a benefit of G euro per month, but for each euro someone earns, the benefit is reduced with t euro. Suppose that G = 600 and t = 0.4. Consider Betty, who can work for an hourly wage of 10 euro. A ssume that a month has 30 days (such that total number of hours T = 720). (a) What is the break-even point of the welfare program, in terms of earnings and hours worked? (b) What is the mathematical expression of the budget constraint under the welfare program? Sketch Betty's budget constraint with and without the existence of the welfare program. Now suppose that Betty's utility of income (in euro's) Y and leisure (in hours) L equals U = Y}L! (c) What is Betty's optimal amount of leisure if there would be no welfare program?
why did greece encounter staginflation in 2007-2010
Explain cost Push Inflationary Process in detail. Hand written assignment will be accepted. write down on assignment pages, scan it and submit it!
Gertrude is not working but has been looking for work for the past year. Last week she did not look for work. Gertrude will be counted that week as
Uncertain if what I have so far is correct and don’t know how to find the new total for workers
In 1972 the maximum earnings of a worker subject to Social Security tax (SST) was $9,000. The maximum earnings subject to SST in 2016 is $118,500. Whatcompound annual increase has been experienced over this 44-year period of time? How does it compare with a 3% annual increase in the consumer price index over the same period of time?
How should the situation be rectified to return to full employment?