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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.

To learn more about average, click here.

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What is a major function of both retail and business banks?

IRISSAK [1]

Answer:

Explanation:

Retail banking is a banking system that deals directly with retail consumers. Retail banking is responsible for providing financial aid to the general population. The major function of retail banking includes providing financial aid, checking and savings accounts.

Business banks, on the other hand, are also a part of the banking industry. It specifically deals with corporates and businesses, ranging from small-sized businesses to large-sized corporates. The major function of corporate banking or business banking is also to provide financial aid, checking and savings accounts.

Therefore, option C is the correct answer.

5 0

3 years ago

Barb is trying to take control of her time by using an online time tracking system that tracks her time spent on tasks and proje

solniwko [45]

Answer:

Habit Loop

Explanation:

Habit Loop -

It is a type of loop , which runs in the brain of the human being , and functions to govern the habit , is referred to as habit loop .

The habit loop has three components , i.e. , reward , routine , and cue .

The proper knowledge of these components enables the person to have command of their habits and can easily remove the bad habits and inculcate the good ones .

Hence , from the given scenario of the question,

The correct term is habit loop .

5 0

3 years ago

Kilroy Corporation provides services to a customer for $1,000. The customer complained that there was a slight defect in the ser

nordsb [41]

Answer:

debit to Sales allowance of $50

Explanation:

When some defect in a product is revealed or notified by the buyer, the seller usually grants the customer an allowance which is termed as sales allowance.

It is usually allowed when the customer agrees to keep the product instead of returning the defective product which would constitute sales returns.

Following journal entry is recorded for recording sales allowance

Sales Allowance A/C Dr. $ 50

To Accounts Receivable $50

(Being allowance for defects recorded)

Sales allowance is deducted from gross sales before the customer makes payment.

8 0

3 years ago

7. Gold Company has budgeted the following costs for the production of its only product: Direct Materials $75,000 Direct Labor 5

STatiana [176]

Answer:

$68 = unitary variable cost

Explanation:

Giving the following formula:

Gold Company wants a profit of $100,000

Production= 2,500 units

Selling price= $125

Fixed indirect production costs 27,500

Fixed selling and administrative costs 15,000

<u>To calculate the target total unitary variable cost, we need to use the following formula:</u>

number of units sold= (desired profit + fixed costs) / (selling price - unitary variable cost)

2,500= (100,000 + 27,500 + 15,000) / (125 - unitary variable cost)

312,500 - 2,500unitary variable cost = 142,500

170,000 = 2,500unitary variable cost

$68=unitary variable cost

3 0

3 years ago

In a firm's external environment, _____ primarily capture population characteristics related to age, gender, family size, ethnic

Tpy6a [65]

Answer:

demographic trends

Explanation:

Demographic trends cover statistics such as age, gender, religion and socioeconomic class.

I hope my answer helps you

4 0

3 years ago