Interest costs related to an asset qualify for interest capitalization, which of the following best describes the determination of how much interest should be capitalized the amount capitalized should be the higher of the actual or avoidable interest amounts.
Interest rate may be each a legal responsibility and an asset. Prepaid hobby is recorded as a cutting-edge asset whilst hobby that hasn't been paid but is a cutting-edge legal responsibility. Both those line objects may be discovered at the stability sheet, which may be generated out of your accounting software.
To capitalize is to document a value or rate at the stability sheet for the functions of delaying complete reputation of the rate. In general, capitalizing costs is useful as businesses obtaining new belongings with long-time period lifespans can amortize or depreciate the costs. This manner is referred to as capitalization.
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pls help i will give branlyist
Choose a specific administrative support job. Then explain the type of multitasking a person might have to do in that job.
Give an example of a clear subject line for an email and an unclear subject line. Then explain why the clear subject line is better.
The administrative position of human resources entails multiple tasks, including payroll, hiring, recruiting, preserving the work environment, and others.
Describe human resources.?Human resources professionals hire, interview, and screen job prospects as well as designate positions for newly hired personnel. They could also be in charge of pay and benefits, employee relations, and training. Professionals in labor relations supervise and assess employment contracts.
Processing payroll, writing job descriptions, establishing workplace norms, and purchasing benefits are all common HR administration tasks.
Thus, the administrative position is in human resources.
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A potential bondholder is considering four companies for investment. Which company has the lowest likelihood of defaulting on their interest payments?.
A potential bondholder is considering four companies for investment. Company 4 has an interest earned times ratio of 14.3.
A bondholder is a buyer or owner of debt securities, often issued by governments and corporations. Bond issuers essentially borrow money from bondholders. When bonds mature, bondholders are paid their initial investment or principal. Government (government) bonds, such as those issued by the US Treasury, are issued by states and municipalities.
Companies issue corporate bonds. Municipalities issue municipal bonds. Freddie Mac and Fannie Mae are two examples of government-affiliated companies that issue agency bonds. The investor, also known as the bondholder, is given a regular interest payment known as a coupon as compensation for purchasing the bonds. An investor should receive consistent, predictable income from coupon payments that can be made quarterly, biannually, or annually.
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A cost associated with finding a lender or a borrower for money is called
Select the correct answer below:
a production cost
a bank cost
a transaction cost
an intermediary cost
A cost associated with finding a lender or a borrower for money is called a transaction cost. One of the most important factors affecting net returns is transaction expenses. The correct option is (c).
What do you mean by the transaction cost?
Costs associated with buying or selling a good or service are known as transaction costs. The labor involved in bringing a product or service to market is represented by transaction costs, and this labor has given rise to entire industries devoted to facilitating transactions.
Broker commissions and spreads, or the price difference between the price the dealer paid for a security and the amount the buyer pays, are considered transaction expenses in the financial sense.
Investors should choose assets with costs that are at the low end of the range for their categories since different asset classes have varied ranges of transaction costs.
Therefore, a cost associated with finding a lender or a borrower for money is called a transaction cost. One of the most important factors affecting net returns is transaction expenses.
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DJ is trying to help his sister with a keyboard shortcut, but he has a PC and his sister has an Apple computer. What key does his keyboard have that hers does not??
The key that his keyboard does not have is the alt and the shift or the command key is the major difference in the computers.
What is a keyboard?Using a keyboard, people can input letters, characters, and quantities into the computer. When people type, you push each button on the keyboard separately. On the right-left side alongside the keyboard, one can also find the key warning that runs throughout the top of both the number .
Using shortcut keys for computer applications can help you navigate and carry out commands more quickly and easily. Alt (on Computers), Command (on Mac systems), Ctrl, or Shift combined with some other key is used to execute shortcut keys.
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Traditional store-based retailers are placing more emphasis on other channels and evolving into.
Multichannel retailers are the traditional store-based retailers are placing more emphasis on other channels and evolving into.
Multi-channel retailing is a business approach that gives your clients a variety of ways to buy from you. Frequently, omni-channel retailing is confused with it. The most prevalent kinds of sales channels often include brick-and-mortar stores in the multi channel platforms.
Let's read about Apple, a real company that uses multi-channel selling, to better comprehend the concept. Apple's multi-channel strategy includes both offline sales channels the hundreds of Apple retail locations and other electronics-based retail outlets and online sales channels, such as marketplaces like Amazon, and other country-specific platforms. Customers can choose from any of these sales channels to buy an Apple.
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The research team wishes to understand the difference in rates of midwesterners who regularly pay extra for guacamole when offered versus californians. The team will take a random sample of 100 midwesterners and 100 californians to estimate the difference in the rates. What should the researcher do?.
When we want to estimate a population parameter then we use a hypothesis test.
In hypothesis testing, an analyst examines a statistical sample with the aim of demonstrating the plausibility of the null hypothesis.
By measuring and reviewing a representative sample of the population under study, statistical analysts test a hypothesis. All analysts use a random population sample to test the null hypothesis and the alternative hypothesis.
As the researchers want to understand the difference between to states they need to do a hypothesis test.
Hence a hypothesis test is done.
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"According to Michael Porter, the generic types of business strategies include
A. differentiation, low cost, focus.
B. high price, high quality, fast delivery.
C. focus, quality, imitation.
D. all of the above.
"
According to Michael Porter, the generic types of business strategies include differentiation, low cost, focus.
What is a strategy ?A strategy is a long-term or overall goal-oriented plan of action. It is the direction and scope of a organization over the long term, which achieves advantage for the organization through the configuration of resources within a changing environment and to fulfill stakeholder expectations.
Michael Porter's generic strategies describe how a company seeks a competitive advantage across the market scope it has chosen. There are three generic strategies: low cost, differentiation, and focus. A company chooses to pursue one of two types of competitive advantage, either via lower costs than its competitors or by differentiating itself along dimensions valued by customers to command a higher price.
The generic strategies were called "Cost Leadership", "Differentiation" (creating uniquely desirable products and services) and "Focus" (offering a specialized service in a niche market). Therefore, the correct answer is option A.
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Exercise 10-9 Return on Investment (ROI) and Residual Income Relations [LO10-1, LO10-2]
A family friend has asked your help in analyzing the operations of three anonymous companies operating in the same service sector industry. Supply the missing data in the table below: (Loss amounts should be indicated by a minus sign. Round your percentage answers to nearest whole percent and other amounts to whole dollars.)
Filling the missing number, the missing data are as follows:
Company
A, B, C respectively:
Sales: 450000, 660000, 550000
Net operating income: 161000*25% =40250, 37000, 14900+ 7000 =21900
Average Operating asset: 161000, 37000/16% -231250, 149000
Return on investment ROI: 25%, 16%, 21900/149000 = 14.7%
Minimum required rate of return: -, -, -
a. Percentage: 14%, 53000/231250 -22.9%, 10%
a. Dollar amount: 161000*14%
-22540, 161000*14% -22540, 149000*10% = 14900
Residual income: 40250-22540 17710, 40250-22540 17710, 7000
what is a Return on Investment?The return is the gain one realizes due to one's investments. ROI is known as the ratio of net profit over the total cost of the investment. ROI is most ideal to one's organizational goals when it means the ideal and measurable, to define one's investment's gains and financial returns.
Therefore, the correct answer is as given above
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Red Canyon T-shirt Company operates a chain of T-shirt shops in the southwestern United States. The sales manager has provided a sales forecast for the coming year, along with the following information:
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Budgeted unit sales 40,000 60,000 30,000 60,000
Each T-shirt is expected to sell for $15.
The purchasing manager buys the T-shirts for $6 each.
The company needs to have enough T-shirts on hand at the end of each quarter to fill 25 percent of the next quarter’s sales demand.
Selling and administrative expenses are budgeted at $80,000 per quarter plus 10 percent of total sales revenue.
Required:
Determine budgeted sales revenue for each quarter.
Determine budgeted cost of merchandise purchased for each quarter.
Determine budgeted cost of good sold for each quarter.
Determine selling and administrative expense for each quarter.
Complete the budgeted income statement for each quarter.
T-shirt Company owns and operates a T-shirt shop network in the southern United States. The sales manager has forecasted sales for the future year.
What is the manager?A manager is a professional who leads an organization and oversees a team of people. Managers are frequently in charge of a specific department inside their firm.
Req 1.Sales BudgetQ-1Q-2Q3Sales units410006200031000Selling price per unit161616Budgeted Sales revenue656000992000496000Req
2.Purchase budgetQ1Q2Q3Q4Budgetd sales units41000620003100062000Add: Ending inventory16120806016120(26% of next quarter sales)Total requirement571207006047120Less: Beginning Inventory10660161208060(26% of current quarter sales)Budgeted Purchase units464605394039060Cost per unit666Budgeted Purchase in $278760323640234360Req
3.Cost of Goods soldQ-1Q-2Q3Sales units410006200031000Cost per unit666Budgeted Cost of goods sold246000372000186000Req
4.Selling and Admin expenses BudgetQ-1Q-2Q3Sense160720201040141520
Therefore, the answer is The sales manager has forecasted sales for the future year.
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When planning a trip and deciding whether to drive or fly, the ______ is a sunk cost and should be ignored.
When planning a trip and deciding whether to drive or fly, the the original cost of the car is a sunk cost and should be ignored.
An irrelevant cost is a cost that does not change in the future if you make a decision. Examples of irrelevant costs include thunk his costs, committed costs, and overhead costs. Because they are unavoidable. There is no right answer for every business, and it often changes depending on the situation. Opportunity cost represents the potential profit missed by an individual, investor, or firm by choosing another alternative. Opportunity costs are by definition invisible and are often overlooked. The associated costs are the costs that differ between the alternatives. Avoidable costs are costs that can be eliminated in whole or in part by choosing an alternative. Avoidable costs are associated costs.
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Fixed ratio and variable ratio schedules of reinforcement are both based on number of responses. True / False
Fixed ratio and variable ratio schedules of reinforcement are both based on the number of responses. Thus, the given statement is true.
What are Fixed ratio and variable ratio?A schedule of reinforcement known as a fixed-ratio schedule only reinforces an answer after a certain number of replies. In essence, the subject responds a predetermined number of times, after which the trainer gives a reward.
A schedule of reinforcement known as a variable ratio schedule rewards a behavior after a certain number of replies. High, consistent response rates are the outcome of this type of timetable. Because they believe that the next reaction they give could be the one that gets them reinforcement, organisms are persistent in responding.
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Compute the amount to be paid for each of the four separate invoices assuming that all invoices are paid within the discount period.
The amount that should be paid for each of the four separate invoices should be
a. $7,644
b. $23,958
c. $79,794
d. $16,490
Calculation of the amount:
Merchandise(gross) Terms Payment Discounts Net Invoice $
a. $7,800 2/10, n/60 $156 ($7,800*2%) $7,644
b. 24.200 1/15, EOM 242 ($24,200*1%) 23,958
c. 80,600 1/10, n/30 806 ($80,600*1%) 79,794
d. 17,000 3/15, n/45 510 ($17,000*3%) 16,490
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Ghani manages a large fitness center that has an indoor track, a pool, many types of exercise classes, and a large weight lifting area. What would you recommend to ghani in terms of social media for the fitness center?.
To post videos online and then share them on the center's social media accounts on multiple networks.
How to Build Business Networks?Running a business has traditionally depended heavily on developing a network of contacts in the industry. You can widen your network with a greater variety of tools thanks to the Internet. Although networking online allows you the chance to connect with individuals all around the world, in-person interactions have advantages that shouldn't be discounted. A business network relies on both electronic and interpersonal communications.Join networking websites for business, such Social mediaEngage in forum discussion, post articles, and reply to any comments made about your writing.Make a page on Social media for your company. Unlike the people you engage with on business-to-business websites, Social media enables you to connect with customers from a far wider range of backgrounds. Social media may help your business grow by bringing in new clients, giving you a deeper understanding of your target market, and forging unplanned but useful relationships with people you might not otherwise meet.Use the classic method and trade business cards. To get the contact information of people you meet at conferences, sales meetings.To learn more about business, refer to
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Your friend, hideaki, will be attending his first work meeting tomorrow. He’s fairly nervous because he wants to become a valued member of his work team. How would you advise hideaki?.
The first meeting with a new team is crucial because it introduces your personal qualities, your contributions to the team, and your goals for the future.
What do you say in a first team meeting?The first meeting with a new team is crucial because it introduces your personal qualities, your contributions to the team, and your goals for the future.It's an opportunity to respond to inquiries, establish rapport with those you'll be working directly with, and ask questions. Keep It Short and Informal. Before the meeting starts, let your team know that it's going to be a quick introductory gathering, so there won't be an agenda. Once in the room, explain a little about yourself. Consider using business storytelling to communicate your values and what you're trying to achieve.Be approachable, tell them a little about yourself, and express your excitement in working with them.In addition, make an effort to introduce yourself to others in the workplace, whether it be in the kitchen, before a meeting, or even while waiting for the elevator. We want to start out by expressing our excitement.In essence, "I am extremely happy to meet you.I can't wait to learn more about you.I'm ecstatic to collaborate with you.We can phrase it in a variety of ways, but it must begin with the words "I am excited, this is going to be excellent."To learn more about first team work meeting refer
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What is an external communication that is paid for by the seller and promotes a product to potential customers?.
Advertising is an external communication that is paid for by the seller and promotes a product to potential customers.
The process and methods used in advertising are intended to draw attention to a good or service. With the help of advertising, businesses strive to draw consumers' attention to their goods and services. Although there are many purposes, the commercial advertisement is the most frequent. It is typically used to promote a certain commodity or service.
Through "branding," in which consumers link a product name or image with specific traits, commercial advertising frequently aim to boost consumption of their goods or services. Direct-response advertising, on the other hand, refers to advertisements that are meant to prompt a quick purchase. Political parties, interest groups, religious organizations, and governmental bodies are examples of non-commercial enterprises that market more than consumer goods or services.
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Which of the following statements regarding virtual tearns is NOT true ?
a. A virtual team is one whose members are geographically dispersed, requiring them to work together through electronic means with minimal face -to-face interaction
b. Virtual teams can present significant collaboration, communication, and leadership challenges Virtual teams are always organized along functional lines
c. An increasing number of organizations are using virtual teams
The structure of virtual teams is always functional. This assertion is incorrect. As a result, choice (C) is the appropriate approach.
What are virtual teams?A virtual team is typically described as a collection of people that interact using communication tools like email, instant messaging, and audio or video conferencing services while working remotely from various places.
Virtual teams also go by other names, such as "geographically dispersed teams" or "remote teams," but they all refer to the same thing: people that work together virtually rather than in person. They accomplish this by collaborating and communicating online using tools like project management software.
Hence, option (C) is accurate.
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Higher unemployment insurance benefits tend to increase unemployment because they.
Higher unemployment insurance benefits tend to increase unemployment because they reduce the opportunity cost of job search and, hence, increase the search time.
Insurance is a way of protection from loss in that, in exchange for a fee, a celebration agrees to ensure another party's compensation within the event of a precise loss, damage, or injury. it's a type of risk management, primarily used to hedge against the danger of a contingent or unsure loss.
An entity that provides insurance underneathstood|is thought} as an insurer, insurance company, insurance carrier, or underwriter. someone or entity who buys insurance is known as a policyholder, whereas a person or entity lined under the policy is termed an insured. customer and insured are usually used as however don't seem to be essentially synonyms, as coverage will typically extend to additional insureds who failed to obtain the insurance.
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write the importance of local market? write any 5.
Local markets enable small farmers and their families to increase their income by enabling them to sell their products more effectively, thereby reducing their dependence on social transfers and subsidies.
The five critical elements for local advertising and marketing fulfillment
list control.nearby search engine optimization.local touchdown pages.recognition management.Paid seek and social media.local marketing allows you to attain new audiences, boosts your seek ratings and online traffic, and facilitates setting up your commercial enterprise for your nearby community. put money into these neighborhood marketing strategies to deliver new clients to your doors today.
neighborhood Markets: In this sort of market the customers and sellers are restrained to the neighborhood area or location. They generally promote perishable items of daily use since the delivery of such items can be high priced. nearby Markets: those markets cover a much broader area than neighborhood markets like a district, or a cluster of a few smaller states.
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Local markets have their importance in the development of local socio-economical development as they :
1. Promote local employment
local population will be benefited from job opportunities when we have local markets
2. Supportive of social and economic exclusion
small farmers feel the burden of sealing their finished goods in the process of transportation and subsides, but when we have a local market, these barriers can be combated.
3. Easy sealing of goods especially perishable goods which will perish in a day if not they will spoil so having local market perishable goods can sell easily in time.
4. Promotes environmental protection by reducing the transportation and use of emissions etc.
5. Promotes local brands which are famous in our locality which creates an identity and also makes investors invest
6. Safeguards the existence of local handicrafts at a certain limit and also makes customers purchase goods at cheaper and travel risk
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What are the role of statistics in managerial decisions making
Despite the abundance of data available, statistics give managers greater confidence in handling uncertainty, allowing them to make better decisions more rapidly and provide more solid leadership to the workers who depend on them.
What are statistics?When applying statistics to a scientific, industrial, or social problem, it is customary to start with a statistical population or a statistical model to be researched. Statistics is a field that deals with the gathering, organization, analysis, interpretation, and presentation of data.
A statistical data management system is one that is specifically made to handle so-called "macro data," or data that has been generated using various summarization methods, such as grouping and classification, as first-class objects.
Therefore, despite the abundance of data available, statistics give managers greater confidence in handling uncertainty
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"The most likely time to pursue a harvest strategy is in a situation of
A) high growth.
B) strong competitive advantage.
C) mergers and acquisitions.
D) decline in the market life cycle ."
In a circumstance of market life cycle decline, a harvest strategy is most likely to be pursued.
What is the harvest strategy?In order to increase earnings, a harvest strategy entails lowering spending on a well-established product. Harvesting tactics are typically utilized on outmoded goods since profits are invested in more recent products or technologies.
There are two primary categories of harvest strategies: direct sales and cost-cutting to boost revenue. What the owner wants to achieve and whether there are any other uses for the potential profit rely on which one is better in a particular circumstance.
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What type of pricing is it called when a company charges as much as possible for a product.
Skimming pricing occurs when a company charges the highest possible price for a new product and then gradually lowers the price as the product becomes less and less popular.
Pricing is the process by which a company determines the price at which it will sell its products and services, and it may be part of the company's marketing strategy. When defining the pricing segments and pricing strategies, you use the values for the pricing criteria.
Pricing criteria represent customer or deal characteristics. Price administrators define the pricing criteria that will be used to determine their company's pricing strategy.
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which of the following is true of simulations?
a. Simulations provide learning situations with a high degree of human contact.
b. Trainees do not have to acquire any prior knowledge while playing a game.
c Simulations can safely put employees in situations that would be dangerous in the real world.
d. Compared to most other training methods, development costs are low.
A true statement on simulations is that c Simulations can safely put employees in situations that would be dangerous in the real world.
Why do companies use simulations?Simulations allow for companies to be able to test for how different situations and scenarios would affect the company. One way they do this is by putting their empooyees into simulations.
In these simulations, the company isfree to test anything it wants to test. This includes situations that might be dangerous to the employees in the real world, but would be fine to test in a simulation as it is not real.
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Who is liable to third parties for damage caused by an agent’s tortious conduct if the principal had directed the agent to take that action?.
Principal is liable to third parties for damage caused by an agent’s tortious conduct if the principal had directed the agent to take that action
How and When Can Someone be Held Liable?You may be held personally responsible if you act as someone else's agent or representative.According to the law, if the principle is not disclosed, an agent is liable under the terms of the contract. As a result, if you sign a contract on behalf of another person (the principal), be sure to clearly state that you are doing it as the principal's agent. Make sure the principal is completely communicated (named).If the principle is not fully revealed, it might not be sufficient to simply state that you are entering a contract as an agent or representative. Even if you think the other side should be aware that there is a principal, do not rely on it.Make careful to state unequivocally that you are the agent and include the name of the principal in order to safeguard your interests. Additionally, confirm that the principle is a genuine individual or legal entity. Your risk of being held personally responsible if you represent a person or company that doesn't exist.To learn more about liability, refer to
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Select the TRUE statements.
1. A check date is necessary so the bank will know the amount of money used in the processing of the check as well as the day of purchase.
2. Over 95 percent of the country's money in circulation is in checking accounts.
3. One of the steps towards what many people call a " cashless society" was when checking accounts were introduced.
4. The payee is your personal autograph attesting to the validity of the checking account.
5. In some cases banks have charged anywhere from $18 to $250 for an overdraft.
6. It is okay to overlook a "small" expense. It is not that much of your overall budget.
7. When you talk with a customer service representative, you can tell them of your particular needs in opening a checking account
The true statements on the banking industry is:
3. One of the steps towards what many people call a " cashless society" was when checking accounts were introduced.7. When you talk with a customer service representative, you can tell them of your particular needs in opening a checking accountWhat are some facts about banking?It is a true statement that banks have over 75% of all the money in circulation in checking accounts. This figure is not over 95% as there still needs to be money in investments and other types of accounts. There have been steps towards a cashless economy in the past and one of these was the introduction of checking accounts which can be used with debit cards.
Banks have customer service representatives who are to give the best advice they can to customers. This means that if you have a particular need in opening a checking account, you can talk to a customer service representative to hear your options.
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A requested tasA requested task is subject to be reported when:
Requesting for a screenshot
When it is asking for 3 proofs
When it requests for email address to be submitted
When it requires payment from the Workers in order to proceed with the taskk is subject to be reported when:
A requested task is subject to be reported when it requires payment from the Workers in order to proceed with the task. The appropriate response is option D.
What is a task?A task is an action that must be finished by a specific date or time in order to advance professional objectives. It is a minor but crucial task that helps to distinguish between different project components.
Work that needs to be done is referred to as a task, duty, job, chore, stint, or assignment. Task connotes work that is required by an employer, a higher authority figure, or other external factors. assigned a variety of duties. Duty denotes responsibility for performance or an obligation to perform.
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With the ________ approach to on-premise erp implementation, a company develops new erp functions designed specifically for that firm.
With the vanilla strategy to on-premise erp implementation, a company develops new erp functions designed specifically for that firm.
A simple, uncomplicated technique is one that has little nuance and is generally referred to as being vanilla. Vanilla strategy can be a technique to investing that is common or well-liked among regular investors or specific business decisions. Although the method is quite straightforward, many investors find success by adhering to a tried-and-true approach like passive investing using a variety of exchange-traded funds.
In a similar vein, companies can achieve success with straightforward tactics like concentrating their business lines in niches where they have a distinct competitive edge. A competitive edge can erode with time for many goods and services, hence in business, a traditional approach must allow for some innovation.
Simple, practical, and frequently conservative are characteristics of vanilla methods. A vanilla plan typically makes sense when summarized in a few brief phrases. Buy and hold dividend-paying stocks having a track record of dividend payments of at least ten years, for instance, to create an income portfolio. You can see why it is referred to as a vanilla approach when you contrast this rather straightforward explanation with something like an iron condor options strategy.
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Global marketing and cultural issues
Global marketing is def-ined as “marketing on a world-wide scale reconciling or taking global opera-tional differences, simil-arities and opportu-nities in order to reach global object-ives".
Global Marketing Con-cept is the overall marketing frame-work which an inter-national enterprise adopts to de-sign, introduce, distribute, promote and main-tain its products in the glo-bal arena.
Cultural issues can be said to be the disagree-ment in the society alo-ng with the govern-ment that can be based upon the origin and cultural differ-ences. The cultural iss-ues can rise from the socio-economical, commun-ication and techno-logical differences. Also faiing to adapt global busi-ness models to the local market.
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(CPA Crossings)
Restart Exam
What major change was made to accessing data in Excel 2016?
All data is added to a table in a workbook
It automatically creates VLOOKUP formulas to connect multiple tables
Uses a new "engine" based upon Power Query
You will never need technical assistance when connecting to data sources
Confirm
Uses a new "engine" based upon Power Query major change was made to accessing data in Excel 2016. Thus option (C) is correct
What is the database?A database is an ordered collection of data that is stored and retrieved electronically in computing. Small databases can be kept on a file system, whereas large databases are kept on computer clusters or in the cloud. A database is a structured collection of information. They enable electronic data storage and manipulation. Databases simplify data administration.
Database The Business Intelligence (BI) features are the key differences between Excel 2016 and 2013. They may be found on the Insert and Data tabs and consist of a Power Maps tool, a Forecast Sheet function, and a number of new chart kinds.
Therefore, Thus option (C) is correct
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Consider the market for labor depicted by the demand and supply curves that follow. Use the calculator to help you answer the following questions. You will not be graded on any changes you make to the calculator. Suppose a senator considers Introducing a bill to legislate a minimum hourly wage of $12.50. Complete the following table with the quantity of labor supplied and demanded if the wage Is set at $12.50. Then Indicate whether this wage will result in a shortage or a surplus. Which of the following statements are true? Check all that apply. In this labor market, a minimum wage of $12.50 would be binding. If the minimum wage were set at $9.50, the market would still be able to reach equilibrium. Binding minimum wages Increase the natural rate of unemployment. In the absence of price controls, a surplus puts upward pressure on wages until they rise to the equilibrium.
Based on the new wage rate of $12.50, the labor demanded and the labor supplied will be: Labor demanded = 375,000, Labor supplied = 625,000
This would be a labor surplus.
What is labor surplus?Karl Marx created the idea of surplus labor in the nineteenth century to explain the creation of surplus value and profit. It refers to labor that generates value above and above what is required for the worker or workers to survive.
Therefore, there is a labor surplus in the sense that a sizeable segment of the labor force produces less than it needs to, or in other words, its marginal product is below the wage agreed upon through negotiation.
The true responses are:
Binding minimum wages cause structural unemployment.If the minimum wage is set at $12.50, thus the market will not reach equilibrium.In the absence of price controls, a surplus puts downward pressure on wages until they fall to the equilibrium.To learn more about labor
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In the weekly material on business organizations, one paper discussed a west michigan business, cascade engineering, that was a force for good in west michigan. According to the paper, how does cascade engineering make a positive societal impact in west michigan and the state of michigan?.
Cascade engineering make A trade or business is generally an activity carried on for a livelihood or in good faith to make a profit.
The facts and circumstances of each case determine whether an activity is a trade or business.
There are 3 commonplace kinds of groups—sole proprietorship, partnership, and corporation—and each comes with its personal set of blessings and drawbacks. here is a rundown of what you want to know approximately every one.
There are four major categories of enterprise entities: sole proprietorships, partnerships, restricted legal responsibility groups, and companies. inside the one's types, there are subtypes—popular and limited partnerships, restrained legal responsibility partnerships, and S and C organizations.
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