Question
Variety Artisans has a bottleneck in their production that occurs within the engraving department. Arjun Naipul, the COO, is considering hiring an extra worker, whose
Variety Artisans has a bottleneck in their production that occurs within the engraving department. Arjun Naipul, the COO, is considering hiring an extra worker, whose salary will be $45,000 per year, to solve the problem. With this extra worker, the company could produce and sell 3,500 more units per year.Currently, the selling price per unit is $18 and the cost per unit is $5.85. Requirements: 1. Using the information provided, calculate the annual financial impact of hiring the extra worker (i.e., calculate the profit increase, or decrease, after hiring an additional worker). with work procedures
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