Artisan Metalworks has a bottleneck in their production that occurs within the engraving department. Jamal Moore, the
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Artisan Metalworks has a bottleneck in their production that occurs within the engraving department. Jamal Moore, the COO, is considering hiring an extra worker, whose salary will be $55,000 per year, to solve the problem. With this extra worker, the company could produce and sell 3,000 more units per year. Currently, the selling price per unit is $25 and the cost per unit is $7.85. Using the information provided, calculate the annual financial impact of hiring the extra worker.
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To calculate the annual financial impact of hiring the extra worker we need to consider the addition...View the full answer
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