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2 years ago

Which statement identifies a reason a federal minimum wage was first established?

Business

1 answer:

denis-greek [22]2 years ago

3 0

The correct statement is : ( B ) Workers needed fair compensation for their labor.

<h3>Reason for the establishment of the federal minimum wage </h3>

The federal minimum wage was established to protect workers by providing fair compensation for their labor and establishing a

standard of living. The federal minimum wage was first introduced to cushion the effect of the post -depression era.

Hence we can conclude that the correct statement is Workers needed fair compensation for their labor.

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You manage a risky portfolio with an expected rate of return of 17% and a standard deviation of 29%. The T-bill rate is 8%. Your

Anastasy [175]

Answer:

13.85% and 18.9%

Explanation:

As in this exercise we have a free risk asset we will assume that the t-bill has a standard deviation of 0%, so let´s firts calculate the expected return:

$E(r)=r_{1}*w_{1} +r_{2}*w_{2} +....+r_{n}*w_{n}$

where E(r) is the expected return, $r_{i}$ is the return of the i asset and $w_{i}$ is the investment in i asset, so applying to this particular case we have:

$E(r)=17\%*65\%+8\%*35\%$

$E(r)=13.85\%$

the calculation of standar deviation follows the same logic of the previous formula:

$Sigma(r)=29\%*65\%+0\%*35\%$

$Sigma(r)=18.9\%$

4 0

3 years ago

Segmented Income Statement Gorman Nurseries Inc. grows poinsettias and fruit trees in a green house/nursery operation. The follo

bija089 [108]

Answer:

Poinsettias records a loss of $118,125

Fruit Trees records a profit of $92,325

The company therefore records an overall $25,800 loss

NB: See the workings below see the assumption mad to allocate common expenses since none is given in the question.

Explanation:

Variable costing income statement is a type of income statement that records variable cost separately first to determine the contribution margin and thereafter record the fixed cost which is further split into direct fixed expenses and common expenses.

The segmented income statement for Gorman Nurseries for the coming year can therefore be presented as follows:

Gorman Nurseries Inc.

Segmented Income Statement

For the coming year

Particulars Poinsettias ($) Fruit Trees ($) Total ($)

Sales 970,000 3,100,000 4,070,000

Variable COGS (460,000) (1,630,000) (2,090,000)

Variable selling exp. (w1.) (38,800) (124,000) (162,800)

Contribution margin 471,200 1,346,000 1,817,200

Direct fixed overhead (160,000) (200,000) (360,000)

Direct fixed S $ Admn exp. (146,000) (87,000) (233,000)

Segment margin 165,200 1,059,000 1,224,200

Common fixed overh. (w2a) (176,077) (623,923) (800,000)

Common S $ Admn ex (w2b) (107,248) (342,752) (450,000)

Segment Net Income (loss)  (118,125)   92,325   (25,800) 

Workings:

w1. Variable selling expenses = Sales * Commission percentage

Poinsettias = $970,000 * 4% = $38,8000

Fruit Trees = $3,100,000 * 4% = $124,000

w2. Allocation of common expenses using the following assuptions:

a) Use cost of goods sold (COGS) to allocate Common fixed overhead:

Poinsettias = (460,000 / 2,090,000) * $800,000 = $176,077

Fruit Trees = (1,630,000 / 2,090,000) * $800,000 = $623,923

b) Use common selling and administrative expense using Sales:

Poinsettias = (970,000 / 4,070,000) * $450,000 = $176,077

Fruit Trees = (3,100,000 / 4,070,000) * $450,000 = $623,923

4 0

3 years ago

Which of the following home purchasing considerations will probably affect older homebuyers the least ?

lesya [120]

THEEEEEE

ANSWERRRRRR

ISSSSSSS

4 0

3 years ago

Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

ELEN [110]

Answer:

the total period cost for the month under variable costing is $52,610

Explanation:

Under Variable Costing Period Cost consist of, All Non-Manufacturing Costs and Fixed Manufacturing overheads.Fixed Manufacturing overheads are included in product costs only in full costing.

Calculation of Total Period Costs :

Variable selling and administrative expense ($ 14×1,010) $14,140

Fixed selling and administrative expense $22,220

Fixed manufacturing overhead $16,250

Total $52,610

3 0

3 years ago

Blair Biotech enters into a licensing agreement with Pang Pharmaceutical for a drug under development. Blair will receive a paym

Snowcat [4.5K]

Explanation:

a. The transaction price of the arrangement is $10,000,000

c. The journal entries are as follows:

On December 20, 2017

Accounts Receivable A/c Dr $10,000,000

To License revenue A/c $10,000,000

(Being the revenue is recorded)

On January 15, 2018

Cash A/c Dr $10,000,000

To Accounts Receivable A/c $10,000,000

(Being the payment received is recorded)

7 0

3 years ago