The Halow Harp and Chime Company is negotiating a new labor contract. Among other things, the...
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The Halow Harp and Chime Company is negotiating a new labor contract. Among other things, the union is demanding that the company pay its work- ers weekly instead of twice a month. The payroll currently is $260,000 per pay- day, and accrued wages average $130,000. What is the annual cost of the union's demand if the company's opportunity cost of funds is 9 percent? The Halow Harp and Chime Company is negotiating a new labor contract. Among other things, the union is demanding that the company pay its work- ers weekly instead of twice a month. The payroll currently is $260,000 per pay- day, and accrued wages average $130,000. What is the annual cost of the union's demand if the company's opportunity cost of funds is 9 percent?
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Answer 2931200 The total cost of the unions demand would b... View the full answer
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
Posted Date:
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