Answer: Option B
Explanation: The correct answer is raising the minimum wage paid to workers. Standard of living can be defined as the degree of comfort and luxury provided to every individual in a specified area. The standard of living involves every individual in the country thus the investment should be made on the sector which effect every individual. Raising the minimum wage would only increase the standard of living of poor and not every section of the society.
Answer:
Comparative advantage
Explanation
Comparative advantage is a theory that refers to the ability to produce products at a lower opportunity costs than others. This concept means that if a country is better than other producing two products, specialization still can happen as the second country can produce one of the products better and it will specialize as it has a comparative advantage and like that each country focuses on what they can produce more efficiently.
Answer:
$8,400
Explanation:
total commission = $300,000 x 8% = $24,000
50% co-brokerage split = $24,000 x 50% = $12,000
Walt's commission = $12,000 x 70% = $8,400
the 70% commission split between Walt and his broker means that Walt keeps 70% of the commission and the broker keeps 30%.
total commission is split between the two firms because the Walt's listing was sold by another firm.
Answer:
S/n Accounts title Debit Credit
a. Bad Debt expenses $2,655
Allowance for Doubtful debts $2,655
((132,500*5%)-3,970)
(Being bad debt expense recorded)
b. Bad Debt expenses $8,255
Allowance for Doubtful debts $8,255
{(132,500*5%)+1,630]
(Being bad debt expense recorded)
