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1 year ago

Both ceo pay and average worker pay have increased substantially in the past 30 years. true or false?

1 answer:

7 0

The answer is true. The mean salary for a set of workers is their average wage. Government and other organizations frequently track and use this metric as a benchmark for the pay scales of particular employees in a given sector, region, or nation.

Given the propensity of low pay in an economy for low pay, the validity of this measure in measuring wage levels is in question. This is because the earnings of a small fraction of high earners have a tendency to "skew" the average upward. The Office for National Statistics and the Scottish Low Pay Unit both utilize this measure in the UK for analyzing wage levels.

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B.) Law of Demand ........

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Which statement best explains the law of supply?

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I just took it the answer is A

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Haden Company has determined that the standard material cost for the silk used in making a dress is $27.00 based on three square

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Answer:

$3,600 unfavorable

Explanation:

Given:

Standard material price = $9 per square foot

Actual material price = $9.2 per square foot

Standard material = 3 square feet

Standard material allowed = 1,000 × 3 = 3,000 square feet

Actual material used = 3,400 square feet

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4 years ago

In its first month of operations, Skysong, Inc. made three purchases of merchandise in the following sequence: (1) 320 units at

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Answer:

(a) $1,760

(b) $1,100

Explanation:

Given that,

Skysong, Inc. made three purchases of merchandise:

(1) 320 units at $5

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(3) 520 units at $8

Units on hand at the end of the period = 220

(a) Under FIFO method,

cost of ending inventory:

= Units on hand at the end of the period × $8 (From the last purchase)

= 220 × $8

= $1,760

(b) Under LIFO method (Comprise units from the first purchase),

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3 years ago

Wildhorse Locomotive Corporation purchased for $604,000 a 40% interest in Lopez Railways, Inc. This investment enables Wildhorse

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Answer:

Dr Equity Investments $604,000

Cr Cash $604,000

Dr Equity Investments $63,600

Cr Investment Income $63,600

Dr Cash $10,800

Cr Equity Investments $10,800

Explanation:

Preparation of ZaneLocomotive’s journal entries related to this investment.

Dr Equity Investments $604,000

Cr Cash $604,000

(Being to record Investment)

Dr Equity Investments $63,600

Cr Investment Income $63,600

(40% × $159,000)

(Being to record share in net income)

Dr Cash $10,800

Cr Equity Investments $10,800

(40% × $27,000)

(Being to record shares in dividend)

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3 years ago