User Account

All Pages

Opportunity to train employee in java

Assignment Help Business Economics
Reference no: EM132461078

Accounting Firm in Silicon Valley has opportunity to train employee in Java (programming) and accounting law for 1 month

Suppose that, at other firms in Silicon Valley, the training in accounting is considered completely useless (0% of potential productivity increase is used), but the Java training can be used up to its full potential (100% of potential productivity increase is used.

  • Worker Productivity without training: $10'000 per month
  • Employee's potential productivity increase from knowing Java is $4'000
  • Employee's potential productivity increase from accounting law is $6'000
  • Accounting firm doesn't benefit from full productivity increase from training
  • Training teaches some material that is not fully useful to firm
  • Java knowledge: 40% of potential productivity increase is used at firm
  • Accounting law knowledge: 60% of potential productivity increase is used
  • C+F = 5000.
  1. How much are the competitors willing to pay the employee (at most)?
  2. What is the net value of training at the current firm?
  3. Consider the following wage scheme: w1=6200, w2=13800. Is either the firm or the worker held-up? (Neither,Both,The firm is held-up,The employee is held-up)

Reference no: EM132461078

Questions Cloud

What was the company cash flow to stockholders : During the year, the company sold $75,750 in new common stock. What was the company's cash flow to stockholders
Implies about the group price elasticity relative : After the tax is implemented, do consumers or producers face any tax burden? If so, then state who faces a higher burden, and what this implies about the group
What was the company net capital spending for the year : The company's income statement showed depreciation expense of $12,795 for the year. What was the company's net capital spending for the year
Write a formula that determines whether we get the painting : Write a formula that (given the bids of our four competitors and our bid) determines whether we get the painting.We are bidding on a valuable painting.
Opportunity to train employee in java : Accounting Firm in Silicon Valley has opportunity to train employee in Java (programming) and accounting law for 1 month
What is a real-life example of a price-searcher : What is a "real-life" example of a price-searcher (business firm) in the United States that currently practices what defines as "price discrimination"?
Calculate the amount of the annual rental payment required : Pronghorn desires a 9% rate of return on its investments. Stellar's incremental borrowing rate is 10%, Calculate amount of the annual rental payment required
President of a developing country : Reflect on what policy you would recommend to increase trade between the country you work for and a neighboring country. Explain your reasoning.
Understanding of the issues underlying the questions : Answers should be complete and demonstrate an understanding of the issues underlying the questions.

Reviews

Write a Review

Business Economics Questions & Answers

  What are investment risks for foreign company doing business

How do these country-specific factors influence business operations of multinationals in that country? What are the investment risks for foreign companies doing business there?

  About the optimal time of tree harvest problem

Which of the following statements is correct about the optimal time of tree harvest problem?

  What is the maximum annual withdrawal

A deposit of $ 40,000 is put in a savings account at an interest rate of 3%. The interest is compounded quarterly, Equal annual withdrawals are to be made from the account, beginning one year from now and continuing forever. What is the maximum annua..

  Confidence interval for the population average start-up

Reenen wants to find a 90% confidence interval for the population average start-up cost µ for cosmetics businesses.

  Quniversity of richmond professor erik craft analyzed the

q.university of richmond professor erik craft analyzed the states pricing of vanity plates. he found that in california

  Calculate the accounting and economics profits for the firm

He estimates his entrepreneurial talents are worth $3,000 per year. Total annual revenue from pottery sales is $72,000.

  Change the reserve requirement-change the discount rate

The Fed wants to increase the money supply (which is currently 4,000) by 200. The money multiplier is 3. For each 1 percentage point the discount rate falls, banks borrow an additional 20. Explain how the Fed can achieve its goals using the following..

  Cottagers on opposite sides of a small lake

Suppose that Ian and Mike are cottagers on opposite sides of a small lake. Ian values electricity at his cottage at $500 and Mike at $700, but in order to get electricity for their properties a trunk line costing $1000 must be built. If they are unab..

  What is long run equilibrium individual firm profit

What is the long run equilibrium individual firm's profit p* ? Show your work . What is the long run equilibrium market price p*?

  Describe different approaches to natural resource valuation

A large and fast growing suburb of Rochester is considering expanding the size of its community park system by purchasing over 500 acres of undeveloped land located near a current park site. Describe four different approaches to natural resource valu..

  United states to raise its own interest rate

Compare the effects of the two policies, based on the models developed. Why might the United States have preferred one policy over another.

  What is the aggregate demand curve

The AS/AD model is an excellent way to understand how specific policies and actions affect output and prices in an economy. What is the aggregate demand (AD) curve? What are the components of AD? What factors can shift the AD curve?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd